BEWARE! THIS PROGRAM HAS STOPPED PAYING! PLEASE DO NOT INVEST!

Hi everybody! First of all I need to say that due to a little extra work on at the moment this is my second post of the day. So just to remind you that there has already been one news update today which you should go back and read in case you think I’m missing anything here. Anyway, back to tonight’s business – EkonInnovation. That’s the name of a brand new HYIP just launched a couple of days ago and now that the first of their short term plans has paid out on expiry (which I can personally confirm) they’re starting to get a lot more attention. So let’s take a look and see what it’s all about.

As I said EkonInnovation is a short term HYI program with three profitable plans for you to select from, and they’re all very affordable. The first of them is called The Starter Plan and deposits start at just $5. The investment term runs for 3 days and your payment on expiry will be 110%. So in other words invest $100 and 3 days later collect $110 for yourself. It’s that simple and as I had part of my own deposit in that plan I can confirm that payments have already been made today. The maximum investment is $4000 and your principal is included in the payment.

If you prefer to earn an extra couple of dollars then EkonInnovation has The Professional Plan. The minimum investment figure stays at $5 so while the longer term entails a greater risk, your personal financial risk doesn’t have to be all that big. Especially if you split your deposit between the plans. Anyway, the term runs for 5 days and payment which is made on expiry will be 120%. Maximum spend goes up to $6000. Final payment includes your principal.

And finally EkonInnovation offers The Expert Plan. The minimum investment is still $5 so it’s still affordable and maybe even suitable to a smaller slice of your starting principal. The term runs for 10 days this time and payment on expiry will be 150%. That figure includes your principal and the maximum spend is $10,000.

For such a short term program the choice of payment options available from EkonInnovation is quite good and includes a verified option which is AlertPay. The other accepted payment processors include GlobalDigitalPay, LibertyReserve, and PerfectMoney. Payments are made manually so need to be requested and the admin requires you allow her up to 72 hours to have it processed. Mind you, my own payment today was made very fast but this is still early days for EkonInnovation so as the program grows and the workload increases it may start to take a little longer. My very first request however (not from the plans but for ref comms) was done in five minutes so I can’t fault their services so far. Hopefully she can keep it up for as long as the program is new.

The EkonInnovation website itself has quite a nice design. Bright, easy to read, and easy to navigate. If I had one criticism though it’s that despite the fact that they do have a ratings page and forum threads they don’t actually have a tab linking you directly to the page. Maybe the admin will look into that because she has been very active on the main forums so needs to make the ratings page more accessible. They are hosted on a dedicated server with support and protection by BlackLotus and are running off a script licensed from GoldCoders. SSL encryption however is not currently supported.

Not much is said in the way of any kind of a business plan, and I suspect there isn’t one with the downloadable ForEx widget on display for decorative reasons as much as anything else. At least if it’s there for a reason then that reason isn’t explained. But as you probably know by now I don’t care to analyze these things too closely and suggest you treat this like any other online HYIP – a short window of opportunity to make a couple of easy bucks for yourself before it’s time to move on. At these rates I know that EkonInnovation can’t last forever but as I got paid on expiry today I also know that it can last long enough for some of us to make a little money from it too. Just remember that high yield brings high risk, but no guarantees. So don’t get greedy, keep it sensible, and enjoy the game while it lasts.

OTHER NEWS FOR TODAY.

Wow, look what I got to my mailbox today, guys! This was an email from GNI a.k.a. GoldNuggetInvest which mentioned that refunds have finally started. Well, it’s good but so far I never received anything that confirmed that any of the refunds got processed. I will be looking forward to hearing more on that from the former GNI members and will gladly report about it on my blog if this happens. So far the new program from GNI has been launched but I won’t mention the name here so as not to advertise it. Honestly, I think the fact that Robert opened a new program before processing the refunds to his previous one just made me wonder about, well, maybe not his intentions but his methods. One thing is when the refunds are processed first and then the new program is open but it’s a completely different thing when the refunds are yet to be seen while the new program has been launched already. So actually the refunds for GNI members are going to be processed (or better to say IF they are going to be processed) from the new members’ spends. The fact that the new program accepts only LibertyReserve also makes me think that GNI actually was the same ponzi-game, just much better organized which allowed it to run for a longer period of time than most. So I would like to warn you from investing into a new GNI program, but only until after the refunds are actually processed. This looks to me like a trap that smart investors won’t get into twice. Anyway, for the benefit of those who lost money in GNI and are hoping for a refund I’m republishing the last newsletter from the former admin of GoldNuggetInvest below:
“Greetings GNI Family:
Several issues to be discussed. They are as follows:
1. Refund Application Payments
2. Rumiko Rejoins in Refund Push
3. Timeframe / Anticipated Completion Date
4. Relationship / Impact on Other Programs
5. Comments
1. We are pleased to announce that our efforts to begin paying refunds due, owed and payable to GNI members, not in profit, have begun (this Monday, the 17th of May, 2010). For reasons which should be obvious, we will not announce the order, anticipated payment date or running totals. We maintain our commitment to conclude this process as soon as possible and with all members receiving a profit of not less than 1.5%.
2. To both assist and expedite the Refund Process, we have brought back “Rumiko” to the ranks of the gainfully employed. In addition, we will be making some movement of staff as we move in other directions. Not to worry. We will be maintaining the Refund effort; and have dedicated staff who are committed to providing excellent customer service.
3. Some are insisting upon us providing a completion date. This we cannot do. We will make steady headway and work to serve and refund all of our members out of pocket equally and fairly.
4. As we have maintained, the refunds all are receiving should not play into your participation in other programs offered on the net. Specifically, we do not think it wise or fair that commitments are made based on a pre-conceived notion or time-frame of an anticipated refund from GNI.
To summarize, Refunds have now begun and members can report there refunds as they see fit. We will continue to communicate as the situation dictates.
All our best, Robert and Team”.

The admin of MetalCommerce (reviewed here) let everybody know that the first payouts on expiry from the 1.4% for 15 business days should commence tomorrow. As for the other two plans on offer from them (1.6% for 30 business days and 12% for 12 weeks) they still have a long way to go. In this latest newsletter the admin also mentioned their trading success in precious metals which they allegedly make profits from, encouraged everybody to post payment proofs to make the program grow (which is somehow on the contradictory to the previous statement) and announced that a new contest would be announced tomorrow after the first payments are processed. Here is the full newsletter from MetalCommerce:
“Welcome to a brand new week. So far, it has been very promising for MetalCommerce. Our member base has continued to increase as well as upgrade. MetalCommerce will be 15 days by tomorrow and our first plan (Platinum account) expires tomorrow. Members with platinum account will start receiving their principal back. Our accounts department will also commence payment of all pending withdrawal request. As you know, we do not make payments on Saturday’s and Sunday’s, that is the reason for some pending withdrawals. Anyway, all pending will be processed without further delay.
Last week was very encouraging week for our trading activities as Gold surged to a record high and that translated into a lot of profit for metal commerce. We are expecting more of such weeks ahead. As soon as you receive your payment from us, please ensure you vote for metal commerce right on our monitor sites and paste your payment proofs in MMG, DTM and TG.
Posting payment proofs on the forums is a way of letting everyone know that MetalCommerce pays which is an integral part of the program’s success.
I also want all members to brace up for our contest that will be announced tomorrow. We had to wait until after we pay your first principal before we announce our contest. So, after payment today, our first contest will be rolled out. MetalCommerce is working and you are a part of this big success story. Thank you for making MetalCommerce. work
Bill. MetalCommerce Admin”.

The popularity of StaunchFinances (reviewed here) has grown phenomenally pushing it to the #6 spot on MNO ranking. What’s the reason? Well, there are several: experienced admin behind the program (who ran another program before), the innovative plan (paying now 20% for 6 days and 2.5% for 56 days for the split deposit), the majority of the payment processors accepted, the high level of activity from the admin, the top-notch script with great functionality, etc. Well, I think it’s better to read what the program admin Brent has to say in my interview with him published here to decide for yourself. Well, it’s official now that StaunchFinances starts to pay on every calendar day instead of business days as was previously the case. Moreover, there will be some more surprises as Brent announced the coming implementation of direct credit card deposits into the program. We’ll see if StaunchFinances could become actually one of the very few HYIPs that accept credit card payments. Other news includes dropping GlobalDigitalPay which became extremely unpopular among investors after the recent downtimes and their Alexa rating which keeps dropping steadily. Well, I must say that with the current level of support StaunchFinances should expect a bright future ahead. Here is the latest news from StaunchFinances:
“Dear members, Good day everyone! A new week starts and I’m pretty excited! Why you may ask? Well, it’s our program’s first month anniversary on Friday the 21st! Many thought I can’t do it. I proved them wrong and I will continue proving them wrong in the many months ahead.
I just have a few things to mention that I think is worth knowing.
1. Since the 21st is a Friday, the daily payments in calendar days technically STARTS TODAY! From now on, you will receive earnings on both the high- and low-ROI plans daily including Saturdays and Sundays. High-ROI plan is still paid on expiry though.
2. We decided to disable deposits on Global Digital Pay (GDP) since nobody uses them anyway. I’ve had two deposits from one member using that processor since the beginning. It will be enabled again once they get competitive with the other processors and if the demand gets high.
3. I’ve been monitoring our Alexa ranking since the beginning, on our second day online, we were at rank 1,732,614. It slowly got better and better each day and currently, we are at rank 71,965 (yesterday was 74,902). That’s way better than many blogs, forums and/or monitor ranks! Thank you for all your support! Here’s the link to Alexa for you to check out – http://www.alexa.com/siteinfo/staunchfinances.com#
4. I’ve given you 2 out of the 3 huge surprises already. I was ready to give you the other one but circumstances happen and it’s not going to happen anytime soon. I am going to tell you what it is though. We were ready to implement the credit card deposit option (with very minimal and competitive fees!) on the site but I received an email that my application was later denied due to some complaints they received from other cc merchants regarding our industry. Now I am back to square one on my application with another merchant. I apologize to all those who would love and have waited for this feature implemented.
That’s about it for now! For our new members, I am hoping that you’ll read some of my previous newsletters to understand some of the things I mentioned here. You can find the link at the bottom of our main page.
Thanks and have a great week everyone! Brent”.

Do you know that there is another e-Currency exchange provider officially approved by MNO now? I’m talking about ExtremeXchange whose admin Austin has a good number of years of solid experience behind him in the HYIP industry and whom I’m going to interview on MNO soon. So today Austin made the announcement that exchanges are now available to StrictPay at 0% fees from all payment processors. Actually earlier the same promotion was announced by xChanger and its admin Andrei. Here is the newsletter from ExtremeXchange that is working with LibertyReserve, StrictPay, PerfectMoney, GlobalDigitalPay and SolidTrustPay e-currencies:
“Hey there everyone! For the last couple of days we have had some really good rates to exchange to Strictpay or to Perfect Money and I figured it was about time that I sent out a newsletter about it. Here are the special rates only for a limited time:
LR -> SP 0%, STP -> SP 0%, GDP -> SP 0%, LR -> PM 0%, GDP -> PM 0%, STP -> PM 4%, LR -> STP 1%
These rates will only last for a limited time so be sure to take advantage of them while they are available.
Austin & John”.

So what does it really mean? It just means that StrictPay is getting very unpopular among online investors due to a total inability to turn virtual money into real spendable cash in your pocket. Some people complained to me that they have been left waiting for almost three weeks and still no exact timeframe as to when the bank wires are going to resume. While StrictPay opens more and more deposit options the withdrawals are impossible so the money actually stays in the payment processor which is not such a good sign of their financial health. Actually, as of now I decided to officially cease accepting StrictPay payment processor for advertising purposes on my site for the time being. I hope StrictPay will be back to normal soon as they’ve been a good option in the past and the wires will be processed this week as promised to me by StrictPay support today. Until then I don’t think it’s safe to use StrictPay as a payment option. It’s just my humble opinion but if you feel confident regarding StrictPay it’s the best time to buy this e-currency now while it’s on its lowest.

I have been paid today by the following programs:
TrueEarn, OneStepMoney, MetalCommerce, TeddyBearDreams, DubaiFinances, PrivateDiamondClub, OilInvestment, BetExpekt, GoldenInvestment, EzProfit, AtoxFinance, InvestAward, RedOrchidInvest, SMRTrade, EkonInnovation, StaunchFinances, YesInvestment, TopEarnClub, AlphaMoney, Cizaro, NanoVenture and CurrencyServices (first payment received).

That’s it for today, guys! Check out my blog tomorrow for the much anticipated interview with highly controversial admin Roger Miller from RogerVille (reviewed here), a review of CurrencyServices program and of course the most up-to-date news from anywhere in the HYIP industry. Stay tuned and always be on the money with Money-News-Online!