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

Hi everybody! I guess today is what most people in the northern half of the world consider the first day of Summer so I hope you’re all looking forward to that and to the World Cup as much as I am! And for the first review of the summer I have something a little bit, well, off center. I mean it is an online HYIP but it’s presented very very differently than anything I’ve seen in the recent past. It’s called XaresFunds and it’s a long term low ROI program.

I initially found myself having to double-check XaresFunds just to make sure that it was a HYIP at all because it really comes in the form of a forum. In fact it may even have quite a familiar feel to most of you because it’s working off the same forum template as the MMG forum.

They have two long term plans available to choose from, but I have to say that the rates of interest being offered are extremely low. So low as to make me wonder if this program can attract the attention of most HYIP players. I mean I’m all for long term stability in the industry and especially in favor of sustainable well managed plans as we see here, but simply put I believe most investors are looking for something with a bit more “bang” even if it does entail a higher risk. But you guys are a better judge of that than me, as you all know what your own expectations are from this business anyway.

So the first plan from XaresFunds is called The Basic Plan and runs for a term of 60 calendar days. Payments however are only made on business days (Monday to Friday). The plan is open to deposits from a minimum of $10 to a maximum of $100. Interest rates are variable and based on the programs success in their own business and investment activities, which in this case is alleged to be ForEx trading. So far so good, XaresFunds looks like any number of low ROI programs with rates based on their trading. But the problem for a lot of investors will be the actual figures themselves. The daily rate of interest fluctuates between 0% and 0.5% per business day. So in theory some days you may earn nothing at all, and even with a 100% success rate the most you will ever see is 2.5% in a week. Your principal is returned on expiry.

The second plan is marginally better in the sense that a 0% payout is not an option. But it’s still pretty low. It’s called The Common Plan and it runs for 100 calendar days, although again payments are only facilitated on business days. XaresFunds have a minimum investment of $100 to join this one and the maximum is relatively low for a long term HYIP (where hit-and-runners are obviously less of a problem) at $2,500. The daily interest payments are also variable and can float anywhere between 0.1% and 1% and your principal is returned on expiry. Keeping in mind that you only get paid five time per week you could receive anything from 0.5% interest to 5% interest. Personally I have not been a member of XaresFunds long enough to comment on what end of that scale payments are more commonly closer to, but I will be monitoring them for as long as they run so I’ll try to keep you informed on my blog.

There’s only two payment options available from XaresFunds, but it’s still pretty good. The choice is between AlertPay and LibertyReserve. And I have to say that the acceptance of AlertPay could prove crucial in making the program popular because despite the fact that the interest rate is so low there is a certain level of protection there for your principal in the event of anything going wrong. Not a 100% guarantee of course, but a certain level nonetheless. The minimum withdrawal is $1. Payments are made manually and so must be requested. The admin says this is usually done within the first 24 hours (not counting weekends) but also asks you allow him up to three business days to get it done. You should also be aware that the payments are a little bit “behind” as it were and are delayed by two days. This means that you do not receive anything for the first two days as a member of XaresFunds, but after that you will. For instance the payment you receive on let’s say Wednesday was actually generated two days earlier on Monday. There is no possibility to withdraw your principal before maturity and leave the program early by the way, so keep that and the length of the terms in mind when deciding how much to deposit.

As I said at the start XaresFunds is quite unique in appearance and is in fact more like a forum than an online HYIP. It appears at first to run off the same script and template as MMG, the popular Invision Power Board, but it isn’t really the case. True, when you log into XaresFunds at first you are logging into a forum but in this case your actual account area is separate. That area, called “My Portfolio”, has been integrated into the system but is running off a different and custom made script. And once you log into XaresFunds you will then be asked for a separate log in for “my portfolio” which is where the program begins to look a bit more like a traditional HYIP.

As for the hosting provider, they’re called Servebyte which is a new name to me. They are keeping XaresFunds on a dedicated server and protected from DDoS attacks. If you need to contact the admin with any questions then the best way to do that is pretty obvious – the whole XaresFunds website is basically one big forum so leave all your comments and queries in the appropriate threads for him to deal with. For the benefit of non members however there is also an email support ticket submission form.

On the business side of things XaresFunds are claiming to be a private group of ForEx traders but there is no more evidence presented on that than there is by any other online HYIP. Granted it’s always a possibility but at the end of the day if you play with HYIPs you accept that your money gets put into somebody else’s hands and that you are no longer in control of the situation for the duration of the plan. So as I’ve said before plan around what you can afford to lose and not what you would like to win. But XaresFunds looks ok. The low returns and long investment terms coupled with the lack of an early withdrawal option won’t help them become popular but it was always meant to be a slow burner here and if they keep paying out long enough who knows what could happen?

OTHER NEWS FOR TODAY.

First off, we’ll start with some good news from PrivateDiamondClub which is supposedly back to normal (I received all my pendings today) but will now be based on their new address permanently. It seems that there was some division inside the company with one employee trying to bring them down for some reason. At least that was the official version of what has happened during the course of the last couple of days when the main site of PrivateDiamondClub was inaccessible. Some of the more exciting news from them includes the pending implementation of deposits via Bank Wires and even such options as Westrern Union. The minimum to invest via these options is going to be quite high but if you’re interested you should wait for a while. Also with all the troubles with StrictPay I noticed that AlertPay appeared to be in the list of accepted payment processors from now on and you can invest in any of the offered plans (3.5% for 40 business days, 5.5% for 12-24 weeks with principal back and 26% for 6-12 months with principal back) via them now as well. So please be aware of all the changes by reading the following update from PrivateDiamondClub below:
“Dear members and followers of the PDC,
It is the 1st of June 2010. As I said in my last news update we introduced a new daily plan for online investors. The plan pays 3.5% for 40 Business days. (Principal included). But today I dont want to talk much and the new update comes today from our financial director…
Miss Natasha A. M.:
ONLINE NEWS:
Welcome to my first news update…Today, me, Lars and our colleges came together to discuss the server error and other investment options. But first please note and tell anyone who does not know our domain changed to
Public Area: public.pdc-ltd.com
Member Area: www.pdc-ltd.com
Also we try to update our twitter site: twitter.com/pdiamondclub
A lot of you were worried and I understand your concern. But we worked hard and the main suspect is a former employee. Well He left with nothing. No member will loose any cent. The database was never corrupted or stolen. He just changed the name servers but failed to verify himself at the new host register. Also we could not transfer our secured database to a new domain. Well, he tried. But sorry for that. So the good news is…
Members have nothing to worry. The main server is working fine and also our backups are always up to date. All active members got paid even during the downtime from today you should be able to login to your member area with your old member details and you will see nothing changed… Just your profit! If you are new you are free to join us and become a member.
Members can login here: www.pdc-ltd.com/?a=login
In the end all is the same just the domain has changed!
Oh before I forget. You remember Henry. Our Diamond Expert. As promised he has his site in the About diamonds area and explains how he works.
Just check here if you are interested how to Analyze Rough Diamonds.
We decided that we will now offer the a direct investments page without becoming a member first for people who like to invest directly and who are tired of requesting the money first! We pay you automatically and offer this as a small extra.
We also start accepting Western Union Deposits starting from US$2500 (or 2000 Euro). And Bank wires starting from US$7500 (or 6500Euro). Therefore you have to fill out some forms and a investment agreement. You can download the agreements on our Downloads and more page and in your member area in the next 2 days. Western Union and Bank Wire deposits are a bit different and will start Thursday. In our FAQ area you will find more about the new deposit and withdraw options later today. We also introduce a better support system starting from tomorrow.
That is it for the public now and you can hear my full speech later tonight. The site should be fully updated in the next 3 hours! I thank all followers and members for all the support and of course I understood your concerns… Please note also all our email addresses changed to @pdc-ltd.com
Best wishes. Natasha Abdala M.”

The administration of FinFex (interviewed here) sent out another update today in commemorating the brave men and women who gave their lives for freedom in their countries. Of course the members of FinFex were not forgotten either and the admin also prepared a good surprise for them by explaining the plans thoroughly as they may seem complicated to many. I did my best to explain them in my detailed review of the program published here. However, probably more clarification with some practical examples was badly needed and the admin made an effort that will be surely appreciated by both existing and prospective investors alike. Please read the latest news from FinFex below:
“Hello FinFex members,
It’s great to be able to send in another newsletter to you after a gap of 2 days. We have had a busy schedule and even missed out on conveying a Memorial Day wishes to everyone.
Though delayed, we have not forgotten the brave men who laid down their precious lives during those dark times in history.
We would also like to bring your attention to the FinFex interview by Paul Abramson of Money-News online which was published on the blog yesterday. The link to this interview is
http://money-news-online.com/blog/2010/05/31/31052010-interview-with-the-admin-of-finfex/
We have made an additional effort to explain the plans in detail on the website as we are still getting quite a few inquiries about the way they work. We have added the link to the investment plan page in the Home page as well as in the member area. We hope this would eliminate your doubts. Here is the Investment plan ‘How It Works’ link – http://finfex.com/plan.php
As you all know by now, we do send out regular newsletters that cover all announcements and updates to our members. The entire collection of newsletters can be viewed at http://www.finfex.com/newsletter.php
That’s all we have in store for you today.
Have a great day!
Ray Vermey. FinFex Inc”.

The admin of StaunchFinances Brent (interviewed here) reminded to his members again about the importance of voting on the main forums including the official MNO Forum thread of the program. This way you maintain the program in Paying status for a longer time and ensure that your payments will be processed in a timely manner on a daily basis. Here is the latest from StaunchFinances (reviewed here):
“Once again, if you get paid, I humbly request that you PLEASE post your payment proofs in our two major forum threads, MNO and MMG. Here are the links:
http://money-news-online.com/forum/viewtopic.php?f=9&t=14
http://www.moneymakergroup.com/Staunch-Finances-Staunc-t346009.html
It is very disheartening on my side to see that I am working doubly hard to pay hundreds of members daily yet not an ounce of support on the only thing I request to many of you. Massive thanks to all those who do continue to post on a daily basis though.
Should you want to know the reason why I ask this, please visit our MNO thread and the answer lies there.
Thank you and hoping for your support!
Brent”.

I have already received the interview back from the admin of InvestiHeaven Dan and am going to publish it on my blog tomorrow. So stay tuned for that, guys! InvestiHeaven has been already reviewed on MNO (read it here) and can be discussed on the MNO Forum here. The program is paying 10% for 12 days and 144% after 12 days and is a subject of controversy by some people wanting to see a famous person as admin. So let’s see if there were some ground to get suspicious about InvestiHeaven or maybe it’s just nonsense. Anyway, hopefully all your doubts and questions will be resolved when you read the InvestiHeaven interview which is going to be published on MNO in a few hours.

The new program that has been added to MNO monitoring tonight is VezGroup. The program offers only one single investment plan of 2.4% every calendar day with no expiry, i.e. you will be paid forever (until the program collapses). There is however the option of withdrawing early after a lock in period of 12 weeks. The good thing about VezGroup that it accepts all the payment processors you could wish for: LibertyReserve, PerfectMoney, StrictPay, SolidTrustPay, GlobalDigitalPay and AlertPay. You can invest any amount from $20 to $20K via those processors and compounding is also allowed. The design of VezGroup is quite good and features my favorite green color. The site is protected by SSL and is hosted on a Staminus dedicated server with Koddos DDoS-protection and is running off a licensed GoldCoders script. And one more important detail: VezGroup just started a few hours ago so you have quite a high chance to profit from it if you join now. As usual more about VezGroup will follow in the upcoming review on MNO. Stay tuned for that!

In addition to all the news from HYIP industry I would like to mention the programs that paid me for the last 24 hours:
TopEarnClub, TrueEarn, BookmakerOffice, RedOrchidInvest, InvestiHeaven, SpaceInvest, FinFex, LoyalIncome, RichWorld, OnyxInvClub, PrivateDiamondClub, GoldWayMoney, StaunchFinances, ForexNetClub, KaizenPortfolio, TrumpForexClub, DynFxTrade, HighYieldClub, AvaInvestment, OilInvestment, YesInvestment, FxCrudeOil, InvestAward, GoldenInvestment and EzProfit.

I’ll see you on MNO blog tomorrow with another review, interview with the admin of InvestiHeaven and all the latest news from the industry. So stay on the money with Money-News-Online blog and forum!