I think I will start today with my own analysis of one of the most hypocritical emails I have ever received today. It was the farewell email from the scam site AirlineFinance. I think everybody is already aware of what this scammer actually did. First he gave an interview to MNO fully aware of the fact that he was going to close up shop a few hours afterwards, then suddenly and with no proper warning changed the payments from instant to being processed within 48 hours and finally did as all the worst scammers do and changed the monitoring buttons to static images to get more money from unsuspecting investors. Actually I advised everybody who joined this scam via AlertPay to immediately file a dispute in order to get their money back. One of my readers actually told me that he was threatened by “James” (of course it’s not his real name) who wanted to file a complaint himself and claim back the 70% that he actually paid to that guy already. What a shameless person I must say! As shameless as his totally lying email I received from him today. It’s even more dangerous because it can mislead some newbies who might actually listen to what he had to say. Well, I don’t know what his agenda is but he’s definitely trying to frighten some people still using AlertPay in their online activities. I consider AlertPay the safest choice for investing now but for some admins it’s really not so funny when over 80% deposit via AlertPay which they can’t withdraw anyway and only 20% prefer LR and PM as irreversible e-currency options actually encouraging the admins to scam faster? So let’s have a look at this scammer’s masterpiece and see what he has to say. Of course I will add my comments after each paragraph. Here we go.

“Hello.
If your AlertPay interest payments are on hold I am sorry. When people file disputes on AlertPay, AlertPay reverses outgoing payments. They reversed our Alertpay payments for advert fees and some investors have reported their interest payments being reported.”

Yes, I guess that’s what happens after you start scamming and refuse to pay to LR and PM. People simply get angry at your tactics and rightly file disputes to AlertPay. By the way, James tried to use the AlertPay funds to buy additional banners but I refused. I’m aware of the possible reversal of transactions related to advertising and that’s why I stopped accepting AlertPay a long time ago.

“You may think AlertPay is safe. After all you can file a claim if the program collapses. But what if you’re in profit? That’s right, AlertPay isn’t safe because they reverse the funds to pay off people that are claiming. (legal term – clawbacks)”.

Please note that AlertPay does NOT reverse your profits from the program or referral commissions received as I have a lot of experience with them and can confirm this myself. Where “James” gets this info really remains a mystery for me. He’s either not experienced or just deliberately misleading investors. Continue?

“Don’t believe me? Then continue investing with AlertPay. I dare you, and when you get into profit and the program collapses and your profits get reversed, don’t say I didn’t warn you.”

Really? The man who continued to accept deposits for two days after changing the monitoring buttons really deserves our trust, don’t you think? Anyway, I had issues with AlertPay myself when I accepted it for advertising on MNO but since I don’t do so anymore there is absolutely no reversals from AlertPay. The referral commissions are not reversed anyway and only once did AlertPay administration asked me for an explanation of multiple $500 payments made to me as ref commissions from a program (at that time HYIP industry was in full swing by the way). So all I had to do is to prove to them that those payments were really referral commissions by allowing them to access my account and submitting some screenshots. Then they apologized and simply said that they couldn’t imagine referral commissions that size. I have also NEVER heard any complaints from my readers who stated that their profits from any HYIP accepting AlertPay were ever reversed. On the contrary, everybody praised AlertPay for being a payment processor where you have the chance to get your money back even if the admins are such lousy scammers like “James”. Perhaps he judged this by his awful experience with AlertPay but as far as I know all the investors are pretty pleased with AlertPay’s performance. You really have nothing to worry about as an investor provided your AP account is verified to your real identity and not a fake one like “James Hempington”. Let’s continue, shall we?

“Hit and runners:
On the first 1-3 days of AirlineFinance there was mass interest and many investors. These were the hit and runner crowd, greedily joining new programs and running off at the first chance they get. After day 3 things started to slow down.
An Admin can sustain a program long term if he can get past the hit and runner phase of the program – and it is expensive – I’m not prepared to pay for some greedy f*cker hit and runners just so i can sustain, sorry.”

Wow, here we go again. Just like Roger Miller he blames regular investors for his own failure. It’s simply hilarious. He couldn’t stand any losses and that why he closed the program (oops, I mean scammed). Look at this from any investor’s point of view! Would you have any kind of sympathy for a man who lies in interviews, closes a program before anybody is in profit (except him), and continues to accept deposits even though admitting he’s failed and faking monitoring logos? And then calls his own members “greedy f*ckers” Well, I don’t have any trust, sympathy or plain respect for this nobody.

“But if you cant beat them – join them!!!
Guys if you want to win with HYIP invest in a program on the very first/second day (no later). Don’t invest any more than $250, and invest in the shortest plan possible. At the first possible chance run away and then keep a look out for the next new hyip. good places to hit and run are on Paul’s blog MoneyNewsOnline and new paid stickys on the big forums.”

He gets this wrong as well. Many programs that advertise on MNO or on major forums are simply too dead now and not even survive one cycle. Of course there are a couple of good ones but we can’t rely on that. Investors cannot make money by simply joining the programs that are listed on MNO because as many as 50% of them will not last even for one cycle (and AirlineFinance is just another example for that). I would advise to invest only via AlertPay because otherwise the real “greedy f*ckers” to use James’ colorful expression will run away a lot faster. And finally the conclusion “James”’s literary masterpiece:

“NEVER RE-INVEST, ALWAYS USE THE SHORTEST POSSIBLE PLAN, DONT INVEST BIG AMOUNTS, DON’T USE ALERTPAY (unless you want your profits reversed when people start filing claims. No doubt Paul will make some sly comments here, take his advice then use Alertpay and let ur funds get reversed, I’m apparently only saying this because i cant get funds out of AlertPay.).
I’m at a small loss from AirlineFinance and i can tell you the hyip market right now is unbelievably bad. Loads of advert spots free all over the place, talkgold dramatically lowering their advert prices, no long term programs around, etc, etc.
I’m going to be investing into programs with my Hit and Runner strategy until things pick up again which will be at least 6 months away.”

I think you are already aware that by taking this guy’s advice you will not go any further. I would suggest not to invest in short-term programs at all and I thoroughly discussed the HYIP crisis in my article published here. I hope that “James” will be really at a loss applying this strategy because he deserves to do so due to his lies and fake promises made to investors. And maybe the headache as well. Blaming everything except himself will lead him nowhere and running a program for half a cycle only is a total failure in my book, even during this HYIP crisis.

Yes, after writing this I saw what is left on his site. Now James is blaming AlertPay, a mysterious LibertyReserve hacker, hit-n-runners, HYIP markers, and of course MNO which supposedly stole thousands of dollars from him. Well, I guess he took his revenge for MNO moving him to Problem status straight after I saw complaints on my Forum and advising everybody to file complaints to AlertPay. Poor James was so confident that he could get some money from AlertPay, but alas.

So what did we take from all this? The HYIP industry is nearly dead (according to my poll 67% think that it’s the worst crisis to ever hit the industry). We must continue to use AlertPay and not listen to scammers like James who dreams of so many investors throwing LibertyReserve into his future programs. But I hope he does not succeed in opening any more. Why? Simply put it’s because of such admins that the HYIP industry is in ruins now. Irresponsible, spoilt and blaming everybody for his own failures – qualities that should be totally eliminated by admins if they wish to run at least a moderately successful program during these hard times.

OTHER NEWS FOR TODAY.

I noticed that PrivateDiamondClub (reviewed here) set up a new minimum for withdrawals now which are no longer allowed if they are less than $5. Actually that was not announced in the latest newsletter sent today. However the support manager of the program Hilde delivered some diamond trading news and made a hint that major changes for new investors would be announced tomorrow. Now PrivateDiamondClub staff are busy changing their layout for an improved one. I hope we will see the final result of that pretty soon. Here is the latest news from PrivateDiamondClub:
“Hello PrivateDiamondClub followers,
please note that our head of trading started his journey today! This time he started his journey from Burundi. The last part of the video is almost ready. As you see, we are changing the layout. Some members were already complaining after we just closed for 8 hours… So we decided to change the layout and implement a member sign up and login protection (ssl and sms code) while members still can access our old pages. Lars, who was in Burundi and Tanzania with our head of trading, is back tomorrow and will make a news update. It should be the first time a member joins our head of trading on a diamond trade, but he changed his mind after the tin trade video was online and informed us that he is just coming to our office.
I wish all PrivateDiamondClub followers a nice day. And watch out for our news tomorrow including payment option changes… (For old members all remains the same).
Best wishes, mit freundlichen gruessen, karibu to kenya,
Hilde. Marketing and Support Manager
PrivateDiamondClub Limited”.

The admin of Forexica (interviewed here) reminded everybody that since the program changed their plans from short-term to long-term offering now 1.4%-2% for 160 calendar days with 50% of the principal paid back on expiry. As I know I highly rated Forexica straight after it’s launch and it really lasted for a long time. However, I’m not sure if it gained any real popularity with the new long-term plans. Anyway, it will be up to the investors I guess and I will not be the judge if Forexica remains a popular choice even during these hard times for HYIPs. Here is the update I was talking about:
“Hello Forexica members, We went to new season of investment (long – term plans) for this reason we have a new FAQ about pending withdraws.
In new FAQ we will send all withdraws within 0-48 hours. You can see it on FAQ page.
Please don’t question about it.
Thanks. Best Regards. Forexica Group.”

The admin of FxCrudeOil (reviewed here) decided to give a bonus to some members accounts to be chosen at random so any free or upgraded members can receive it to their wallet in FxCrudeOil. The admin also reminded us about the bonus that is running during the World Cup. Here is the latest newsletter from FxCrudeOil:
“Thank you to those new members who joined.
All pay out has been completed.
During WC soccer fever we decided to start another exciting bonus offer along with current bonus.
We select random members ID from http://www.random.org/ and will give 1$ wallet bonus in selected members account, we will select 5 members account in each selection and we count all members including free members.
=========================
Total members a/c available
Available: 315
New Members
Today : 5
Thisweek : 29
Thismonth : 74
=========================
Also running once in a lifetime BONUS OFFER!!
*********************************************************
Our Offer : Upgrade with min of $100 in industry Plan (pays 12% weekly for 12 weeks = 360%) and get a bonus 20% of your upgrade, deposited in Transport Plan (which will earn you 150% ROI)
Limited Time : from now until the end of World Cup – 11 July 2010.
Thank you and enjoy weekend
FxCrudeOil Admin”.

I got paid today from the following programs listed on my monitoring page:
Xcelsus (my problem was resolved by the way, thanks to the admin), OnyxInvClub, BukInvest, ReProFinance, BookmakerOffice, CherryShares, MoneyVIPClub, VezGroup, DynFxGroup, PrivateDiamondClub, GroupUniversal, YesInvestment, GoldenInvestment, EzProfit, EForexTrust, FxCrudeOil, KaizenPortfolio and RoyalPlaceInvest (the first payment received).

RoyalPlaceInvest is a new program that will be reviewed on my blog tomorrow. It’s offering four investment plans with the payments processed on expiry (so it’s a kinda risky choice for an investor). The rates are not very high though and you have a chance to be paid 110% after 7 days, 125% after 14 days, 145% after 21 days, and 190% after 28 days. The only accepted payment processors are LibertyReserve, PerfectMoney and GlobalDigitalPay. The minimum to invest depends on the plan and ranges from $5 to $1,000. RoyalPlaceInvest is running off a licensed GoldCoders script and has all the necessary security features including SSL-certificate installed with a dedicated Staminus server and Koddos protection. More about the program can be seen on my blog tomorrow!

That would be it for today. Thanks for being active in my ShoutBox and voting in my poll, guys! I really appreciate your input during those hard times!