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

Hi guys! For the first review of the week I want to take a look at a relatively new short term program called PrimeMoney. They’ve been online for the last 12 days now, which in a time of so many early closures can be seen in two ways. A more negative view is that with so many new short term programs having shorter and shorter life spans the program is getting old. But then on the other hand a more positive approach is that the first cycle (PrimeMoney only has one plan) has been completed and as the days go by more and more investors are in profit. So what’s the correct view? Well, it’s difficult to say but it really comes down to how many of those people already in profit will be redepositing and how many new members will like their chances based on how well older members have done.

As I said PrimeMoney has just the one single plan for you to look at but the interest rate varies according to how much you are prepared to risk. The plan runs for 10 calendar days and pays you on expiry. The minimum to invest is just $5 so whatever else you think about the risk financially speaking you really don’t need to make all that serious a commitment to join up. Of course if you want to then you can spend anything up to a maximum of $10,000. Anyway, on expiry deposits from $5 to $499 will be paid 126% in interest, $500 to $1,499 will get 130%, $1,500 up to $4,999 will receive 132% interest, and then deposits from $5,000 up to the maximum $10,000 will get paid the highest rate allowed by PrimeMoney of 135%. Needless to say all of those figures includes your principal. Considering that the overwhelming majority of players will not be going past the first 126% option I’d have to say it could potentially survive another couple of cycles, but only on condition that it’s run properly and the admin gets the support of the members.

There’s a decent selection of payment processors to choose from including AlertPay, LibertyReserve, PerfectMoney, and StrictPay. One feature that I’m sure a lot of you will like is automatic payments. There’s no need to request them as after you join you will be sent a mail informing you of what exact date you can expect to see your principal and profit paid directly into your e-currency account.

The security of the PrimeMoney money website is pretty good. I always raise an eyebrow when I see a program hosted by BlockDos as I know from personal experience (they host MNO on a dedicated server) that they are hands down the best in the business. They also have PrimeMoney on a dedicated server. By the way, they’re not using any script so there is no members account area. But that only means there is nothing to hack into and as you will be getting e-mail confirmation of your deposit and details of when the payment will be made automatically you don’t really need one. The authenticity of the PrimeMoney website is also validated by Comodo. Should you have any support related issues then you can contact the admin either directly through a series of e-mail addresses relating to different issues, or by submitting a support ticket.

They also have a postal address, this time in Leeds in the UK. As you may or may not be aware that as a registered company MNO also has an official office in the UK and it was pretty easy to arrange. But I’ve never seen the inside of it and if you call there nobody will have heard of me. So I don’t put a whole lot of stock in these things.

The texts on the home page are at least original which is always a nice thing to see and show at least some effort on the admin’s part to try and run a better game but for all the talk they really say very very little about what their business is actually supposed to be about. Which to me only spells one thing – online HYIP. OK, that’s two things but you know what I mean, lol! Between the hosting and the excellent professional design I think PrimeMoney was definitely launched with the intention of running as long as possible, but the support it gets from the investors will really be the only deciding factor in how that works out.

OTHER NEWS FOR TODAY.

First off, I wanted to apologize for the hasty warning about InvestAward made on my blog last night. It might be misleading but the fact that the program resumed payments today is confirmed now and I’m glad to report that InvestAward (reviewed here) still stays on Paying status on MNO Monitoring. Sorry for any confusion my post might cause and I just remind you that InvestAward is still a good choice for investing and that the program has been paying 2%-2.4% for 120 business days since February 2010.

Also it seems that the investigation of the STP account of VezGroup has finished on a positive note for the admin of the program. I have all the pendings credited to my account now and it looks everything will be fine for them now. I remind you that the program accepts all the six popular payment processors into one single plan with no expiry: 2.4% daily forever with a possibility to withdraw your principal after 12 weeks. Since the payments are going fine since the review of VezGroup on MNO was published last week (read it here) I decided to compile some questions for the interview and send it to the admin asap. I hope that he will take his time to answer everything properly and I hope to see it in my mailbox for publishing soon.

By the way, I recently found out that SolidTrustPay started giving away a free dollar to anybody opening a free account in the system so if you’re interested to get it please register here. This is the update I found on the official blog of SolidTrustPay:
“Once a year for a limited time, Solid Trust Pay gives away a free $1 to all new members. We’re happy to announce that our Bonus Buck New Member Incentive is BACK – but only for a short time so sign up for your free account today.”

It appears my desire to monitor CherryShares which I made only due to readers’ requests on MNO Forum stirred some controversy today after the infamously bad humored and vitriolic MNO hater hyip.com decided to downgrade the program simply because they were listed on MNO monitoring. Well, it’s his choice of course but strangely some other programs like ForexNetClub are still now his favorites despite being monitored and advertised on MNO and despite him spending three solid months trying to destroy them only to admit that he always thought they were good. Well here’s a tip for the CherryShares admin – just wave a couple of bucks under Alex’s nose and you’ll get that monkey dancing and jumping through hoops for you in no time. That’s all the ForexNetClub admin had to do, and now he’s in the number one spot!

So what do we have here? I think his hatred of MNO and his greed for money are the only two conflicting sides inside hyip.com’s head, making him approve some programs that are advertised on MNO when there’s easy money in it for him but remove others. But does his extensive analysis include any other research whatsoever apart from “are they on MNO?” Well, I doubt it very much.

The admin of CherryShares also surprised me with his update and a man with whom I have never had a conversation with in my life states that CherryShares paid for advertising on MNO which is not the case as I joined with my own money simply because of the many requests from readers. I tried to contact him a year ago offering him monitoring on my blog but never even received a polite rejection from him. So what’s the hidden agenda Mr. Wolf? I don’t know. By making such claims he misleads investors but to his credit he probably wants to protect the reputation of his program. Clearly he doesn’t want to be seen in public as the victim of a blackmailer, but nonetheless I have decided to postpone the review of CherryShares for a week or two. Just until the dust settles but I will get around to it. I’ll continue to monitor it of course but without further explanation from the admin regarding today’s email I will not promote his program (good as it is) because of the lie. Please leave your opinion in the thread of CherryShares on MNO Forum here if you like.

By the way, I received the first payments from CherryShares tonight and the program is going to be moved to Paying status on my blog, regardless of what hyip.com has to say. Here is the email from CherryShares admin which reported about the sudden change of mind in hyip.com who moved it from #1 on his listing straight to the end proving once again that his fake ratings have nothing to do with reality:
“Dear Members and Investors,
You have probably saw what happened lately on the well-known site hyip.com. They have lowered the rating to zero due to the fact that we have bought advertising with their competitor MNO. We didn’t do anything else besides this. However, the administration of the site decided to destroy our reputation and name simply because we bought advertising from their competitors. We really don’t think it is fair to act like that simply because we supported by paying advertising their direct competitor. In the end, isn’t democratic market about this – live and let live? Now, we don’t pledge for MNO, we are simply trying to point out that such actions that hyip.com did doesn’t seem reasonable to us. Therefore, all the questions you may have regarding to our poor rating there, please address to the administrator. We bear no guiltiness in what happened and we really don’t want to think that we are a scam, just because of a site who has an odd advertising policy.
Sincerely yours, Dane W. Wolf. Managing Director”.

I noticed that the updates from the admin StaunchFinances Brent (interviewed here) became less frequent recently and in my opinion it’s the best evidence that the program is undergoing steady growth due to which the admin doesn’t have to promote his program too much. Another good thing about StaunchFinances is that the admin managed to create a viable and supporting community around his program and I noticed that StaunchFinances has the most active thread on MNO forum with already 33 pages of payment proofs posted for 17 days. So as you can see the level of support for the program paying on your split investment (120% after 6 days and 2.5% for 56 days) is quite high. In the latest update from StaunchFinances (reviewed here) the admin emphasized some real stats and real growth which is important for every program but at the same time he had to remove Best of the Best contest announced earlier due to the lack of participation. Possibly the advertising strategy will be reconsidered soon with more bonuses offered to really supporting members who post the payment proofs on the official MNO forum (read the thread or support the program here). For the full newsletter from StaunchFinances please take a look below:
“Dear members,
Another week passed and a new one begins! First of, I would like to thank you all for your strong support both in our program and the forums. Staunch has crossed the 6-week mark over the weekend. We all know that this is indeed a big achievement because the status of the HYIP industry is at an all-time low. It looks like the failure of huge programs like PTV, Genius, GNI has caused a more lasting impact than we all expected. The recent closures of High-ROI programs like Choko, True Earn, etc. which have failed one after another have not helped any. And no doubt, there will be many more ‘trials’, some from admins who mean well, others will be just pure scams. My objective for bringing this up is just to highlight that your support is very much appreciated and I owe the success of StaunchFinances to you.
Ok, so what is our program status right now? We are growing, albeit modestly, which is ok because what is more important is the active member base which is holding consistently steady at 70%+. We have almost 1100 members also and all payouts are completed within a few minutes to a few hours. SF has paid out a total of more than $100K already. I would like to stress that these are REAL STATS, none of these are made up or doctored. I am sure you are all aware of programs that claim they take in $300K in one-week, if you’ve been in this business long enough, you know that is a lie and those things doesn’t happen anymore. But SF stats are real.
Speaking of real, it’s time to get real about the ‘Best of the Best’ contest, there has been virtually no interest in it, so I had to cancel it. I hear you loud and clear, you all just want to earn, summer holidays have started for almost everyone and you want to spend less time online. Well, that’s excellent, less admin work for me! So, no contests for now, just fast payments! But to keep the interest high, I may declare some random bonuses and possibly revise the referral commissions percentage periodically just as a motivation to help you invite your friends to our program. With that, I will be announcing a few payment proof posting winners later on on a separate email.
Have a great start of the week and continue posting those payment proofs at our forum threads!
Brent”.

D-Day is coming tomorrow for all the members of InvestiHeaven (reviewed here) as the first payouts on expiry from the 144% after 12 days plan are going to be processed. According to the admin’s strategy of gradual growth already discussed in the interview for MNO here he is going to increase the maximum to deposit by $500 after each successful cycle. Of course in my opinion another plan In InvestiHeaven with daily payments of 10% for 12 days is the best as it reduces the risk you take significantly, but it’s your choice if you have to risk and earn 24% more in the other plan. The admin of the program constantly repeats in his updates that his aim is to make InvestiHeaven a #1 investment program but I think he has still a long way way to go in achieving this bold goal. I really hope that his plan of gradually increasing the deposits will work and InvestiHeaven will become a long-lasting program and not just another short-term scam with many empty promises. Anyway, we will see the first results tomorrow and if you receive your first payment on expiry please do not forget to submit your vote on MNO Forum thread here. It will be definitely appreciated by the admin and help the program grow further. Here is the latest newsletter from InvestiHeaven:
“Dear members,
Tomorrow is an important day for InvestiHeaven! It is the day when the first payouts on expiry of the 144% after 12 days are processed. I am really excited and hopefully tons of payments proofs will be posted on the forums starting from tomorrow, as many members invested in this plan and not a small amount of them invested the maximum deposit amount allowed too. I must say that I am extremely happy with the popularity InvestiHeaven has received in just 10 days of being online. Thank you everyone for an outstanding level of support.
I am receiving a lot of emails recently of members who are encouraging me very much and give me even more ambition and power to make InvestiHeaven the best, the most successful and profitable HYIP website. You have no idea how much I appreciate this kind of emails and I promise you, I will keep doing my best everyday with the hundreds of payments I process manually and with the wide variety of support requests I provide answers with in the shortest time I can. Thanks for choosing InvestiHeaven and believing in the huge potential the program has.
I remind everyone, that in order to make InvestiHeaven #1, I will need the utmost support from every member by reinvesting, posting his payment proofs on the forums, voting on the monitors and promoting InvestiHeaven in as many websites as he can. I hope I can achieve it and along with my hard work everyday, InvestiHeaven will undoubtedly reach the rank it deserves.
Tomorrow I will increase the maximum deposit amount to $2000 per plan. I remind everyone that every cycle the maximum deposit amount is increased by $500 more than the cycle before. So after the second cycle it will be $3000 maximum per plan, after the third $4500, then $6500, until we reach $9000 per plan in 48 days and from there it will stay like that.
With Warmest Regards, DanB”.

Also please note that from now on in order to reduce the work load for the admin of InvestiHeaven who has to process many withdrawals manually on a daily basis (though I really think that “hundreds of requests” is a slight exaggeration) it was decided to increase the minimum payout from $1 to $3. Strangely the admin didn’t say a word about that in his update but rather published it on his site. Maybe he considers it a technical adjustment but some of the members didn’t like this decision at all. I would not like to comment on it but rather will give you the update published on the site of InvestiHeaven:
“I have just increased the minimum cashout amount from $1 to $3. This is due to a lot of members abusing the system with hundreds of cashout requests between $1 to $3 and since I am processing all payments manually, these very small cashout requests slow down my processing of all the payments and therefore I had to increase it to $3. I hope its totally understandable and this way it will be easier for me to process all the pending withdrawals faster.”

The administration of HighYieldClub (reviewed here) admitted that they have some pending withdrawals on their part to some members due to some error or miscalculation. They promised to pay all of them very shortly and at the same time they are increasing the minimum to invest in their more profitable bi-weekly plan offering 20%-35% biweekly for 112 days to $2,5K which is quite a high minimum. That will I guess only lead to the increasing popularity of the other plan with daily payouts – 1.2%-1.5% daily for 240 days, especially considering that the minimum to deposit remains the same here ($5). I remind you that HighYieldClub has been monitored by MNO for three months already and didn’t miss a payment to me during that time. Here is the latest news from the admin:
“We need to confess a miscalculation on our part. About the reinvestment possibility and the low entry in our biweekly plan we missed some of the investments. It is the reason why a few individuals have got a pending withdrawal. This issue should be paid in a short while we were already loading our account with ecardone. Please do not worry and we like to clarify it is truthfully pending on less than 10 people, rest was paid.
We learned from the circumstance and increase the lowest deposit of our biweekly plan to USD $2500, no amount under can be reinvested or invested in this plan. The daily plan is unchanged. Gain from the existent biweekly plan owner are unchanged.
Best Regards. Harry”.

The admin of FinFex (interviewed here) reported the finishing of the bonus that was active for the first two weeks online for deposits to any of the investment plans offered (10% weekly, 5%-15% weekly, and 2% for 10 days) and encouraged everybody to submit their votes or comments about the program’s performance on the official forum thread for FinFex on located on MNO Forum here. This is the latest newsletter from FinFex (reviewed here):
“Dear FinFex members,
Hope the week was fun especially for those who managed to make it for the last few days of the Inaugural bonus which has now concluded. The plans remain as they have been for now but the bonus part of FinFex has ended.
We will let everyone know if there is any change in the plan model.
We request everyone to show us your support by voting or posting in our official forum thread at : http://money-news-online.com/forum/viewtopic.php?f=9&t=70
Thats all for now. Have a nice day!
Regards, Ray Vermey. FinFex.”

The new program which has been added to my monitoring tonight is BalanceFunds. The program has been online for a week already and has a high level of security with SSL-protection and hosting on a dedicated server by BlackLotus. However, when I checked the license of an obviously GoldCoders script to me it appears that it has no such thing. I hope to receive some clarification from the admin though by the time the review is going to be published on MNO. BalanceFunds has quite a limited choice of payment processors as it only accepts LibertyReserve and PerfectMoney. Although the choice of the investment plans is quite wide and includes: 2.5%-3.1% for 60 days (principal included), and 1% for 14 days, 1.3% for 21 days, 1.5% for 28 days (principal back on expiry). The program is still new to judge but from the forums I can see that it’s paying fine. More about BalanceFunds will be published in my review soon so stay tuned for that, guys!

Here is the list of the programs that paid me today:
GoldWayMoney, XaresFunds, TopEarnClub, BukInvest, BookmakerOffice, InvestAward, OnyxInvClub, FinFex, StaunchFinances, RichWorld, YesInvestment, GoldenInvestment, EzProfit, ForexNetClub, KaizenPortfolio, DynFxClub, VezGroup, PrivateDiamondClub, AvaInvestment, RedOrchidInvest, GroupUniversal, InvestiHeaven, CherryShares (the first payment received), ExcellentChoice (the first payment received) and PrimeMoney (the first payments received).

Stay tuned for the review of ExcellentChoice on my blog tomorrow together with more new from the industry! See you then, guys!