26/06/2010. Daily News from the Industry

Saturday evening here and I was just out walking and watching a wonderful sunset on the beach in Tel-Aviv. In the HYIP industry however tonight was not so nice at all as I had to move three programs to Problem Status. The first one and the biggest disappointment was MoneyVIPClub. On the forum thread of the program some payouts were reported to AlertPay today but apparently those few were the lucky ones with smaller payouts. I heard that higher payouts to AlertPay and all the payouts to other payment processors have been pending for over 24 hours now. Looking at MoneyVIPClub‘s rating page I realized that no monitor has listed it as Problem yet. Looks like MNO should again lead the way which I have no problem in doing and MoneyVIPClub has been moved to Problem status and their banner was removed as well. It’s hard to say but MoneyVIPClub is just another example of short-term programs failing too quickly, even before the first payouts on expiry were processed. Very disappointing!

The second program that had to be moved to Problem on MNO was MoneyTree. It appears that their AlertPay issues prevented the admin taking the program any further. I was told last night that there should be no pending withdrawals to AlertPay from MoneyTree for over 48 hours. Well, apparently it was not true as I received several complaints today. It’s a pity that another good short-term program (MoneyTree lasted for 17 days) had to go like this due to their payment processor issues. I simply cannot leave MoneyTree on Paying status anymore due to selective payouts, however I share the feeling that AlertPay can really hurt short-term games sometimes. Of the admins can also be capable of bringing it on themselves sometimes too!

The third program that had to go to Problem status on my monitoring page is EForexTrust. This was not a popular pick among MNO readers anyway and after the same AlertPay issues the admin also stopped LibertyReserve payouts. However I heard that some monitors are still getting paid but the payouts are definitely selective now and it’s not recommended to invest there either.

The newest short-term addition to my monitoring was SevenStarProfit which was reviewed yesterday (read it here). In today’s newsletter the admin emphasized the importance of reinvestments into his program so it can continue for a longer time. Today the first payouts from the 117% after 4 days plan should be processed and the admin asked to contribute to the program’s growth by reinvesting at least half of what you received. Of course it’s also important to submit your votes on the major monitors and forums including MNO Forum which also has a thread for SevenStarProfit. I remind you that SevenStarProfit accepts LibertyReserve, PerfectMoney and AlertPay into the following plans: 17% daily for 7 days, 117% after 4 days and 180% after 15 days. I would like to thank the admin for some good words about my blog and tell you that the questions for the interview will be sent to him tonight. Here is the latest newsletter from SevenStarProfit:

“Dear members,
Today I’ve come to bring you another very important update. As you know today is the first day of payments for our first plan on expiry 117% after 4 days. This is not a big deal at all. All what I want to emphasize here is importance of reinvestment. As an investor I’ve already tired of jumping from one program to another. It’s not a great tactic whatever as just it ruins the hyip industry, you all can see that. I’d like to reverse the situation turning that vicious circle into the virtuous. That’s why I make a request to you not to run away after you received your first profit from SevenStarProfit program. If on the first day you invested $50, you can reinvest half that sum. That’s not a big risk, agree? With that SevenStarProfit should be more sustainable that makes you earn with SevenStarProfit more and more.
There are too many rumors about dead industry lately. The industry actually has fallen into the deep crisis, you all know of that. So please, don’t contribute to ruining it more with your own hands. Let’s make an attempt to change the situation. Thus my humble and reasonable request is to keep some money in the program, even if it’s not that much you can afford to play with at these days. For my part I’ve been doing all my best to keep SevenStarProfit up.
As promised, SevenStarProfit was reviewed by Paul on Money-News-Online blog. I’m very thankful for Paul’s work. I think that his blog is great, quite possibly it’s the best in the industry. Thanks Paul for your everyday hard work!
Link for the review on MNO – http://money-news-online.com/blog/2010/06/25/25062010-sevenstarprofit-review-and-other-news/
Also, I will answer Paul’s questions for the interview so you should be able to read it on MNO in some time later.
At last, I would be grateful if you can post your payment proofs and votes here:
Monitors:
Gold Poll – http://www.goldpoll.net/details/15798/
GS Monitor – http://gsmonitor.org/details/3186/SevenStarProfit/
Forums:
http://www.talkgold.com/forum/r296963-.html
http://www.moneymakergroup.com/Sevenstarprofit-Sevenst-t350886.html
http://www.dreamteammoney.com/index.php?showtopic=101802
http://money-news-online.com/forum/viewtopic.php?f=9&t=261
Enjoy your weekend, John Smith
SevenStarProfit administrator”.

Some of you it seems were too fast to ask me to move CashMiner (reviewed here) to Problem status due to some payouts not being paid instantly. It appears to be a script issue and the admin of CashMiner told me today that sometimes the payouts might not be processed instantly. If this happens you should be patient and wait for a couple of days before he processes them manually. At the time of writing all the payouts that were not paid instantly have to be paid. Here is the reply the admin of CashMiner told me after I requested he explain the reason for the pending cashouts:
“Instant payouts might fail from time to time and are then processed manually within a few days.
Regards, Ram Doraoswamy.”

If you wish to exchange SolidTrustPay to LibertyReserve and PerfectMoney you can still do it for cheaper if you use ExtremeXchange. STP raised the exchange rates to other currencies and you have 24 hours to make your exchanges to LR and PM for the old more beneficial rates. Here is the latest newsletter from ExtremeXchange which is a Recommended Exchanger by MNO:
“Hi there everyone! As you may have noticed all exchangers have raised the exchange rate for STP to other e-currencies. This is due to the fact that STP raised the rates on all exchangers. But for the next 24 hours we will be running the following specials which are the absolute lowest in the industry:
STP – > LR 6% fee, STP-> PM 5% fee, STP -> SP 0% fee, LR -> SP 0% fee, GDP -> SP 0% fee, PM -> SP 0% fee
Thank you for being a member of ExtremeXchange.”

Needless to say that exchanges to StrictPay are not recommended at the moment as they continue to struggle with withdrawals which are very limited and very late. There is still no timeframe for when you actually get paid from StrictPay so it can not be considered a liquid e-currency at the moment. Most HYI programs already dropped it and very few still accept it. Actually, there was no news about when it’s going to be over or if StrictPay will ever return back to normal. I contacted them today and asked if they have a back-up plan in the event of their frozen funds not being released anytime soon. I think it’s a reasonable question to ask because since they cannot disclose the details of the legal proceedings it will be more than welcome by their clients if they explain what their recovery plan is and what they are going to do in the event of the members money not being released. So I will let you know if I get more encouraging news from them as I’m aware that some readers of MNO have significant amounts there and are quite concerned about the situation with their funds.

Here is the list of the programs that paid me today:
ReProFinance, BookmakerOffice, SevenStarProfit, BukInvest, KaizenPortfolio, CherryShares, PrivateDiamondClub, YesInvestment, GoldenInvestment, EzProfit, GroupUniversal and VezGroup.

That’s it for today and I will see you on my blog tomorrow with more news from the industry! Thanks for staying with MNO, guys!