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

Hi everyone! Well it might be a slow season but at least it hasn’t come to a complete standstill as there are new programs that show a lot of promise continuing to pop up. One such program which I have just added to my monitoring list is called BullInvest and while it may not be an overnight sensation it does look to be in a decent position to establish itself as a solid performer over the coming months once (if!) the online HYIP industry begins to recover.

Like most of the better programs to emerge recently BullInvest is a low interest long term prospect though they do offer one short term plan open only to small amounts of money for testing purposes. You can join this one for as little as $1 and it runs for a duration of 5 business days. You receive 1% interest per day and get your deposit returned on expiry. The maximum deposit is limited to $50 so there’s no big money as such to be won or lost here but if you are the cautious type then of course it’s always worth a shot just to satisfy yourself that everything works the way you’d like it to.

Other than that BullInvest‘s regular investment plans start with a minimum spend of just $10 so it’s still affordable. Unfortunately I can’t say the same for all of their plans (we’ll get to that) but you guys all know your own limits anyway. So investments between a $10 minimum and a $2,999 maximum are locked in for a term of 130 business days (26 weeks). During that time you will receive daily payments – made Monday to Friday only – of variable rates of interest. The rate may fluctuate between anything from 1.3% to 1.7% daily. While BullInvest is still such a brand new program it’s impossible to say exactly what an “average” or “typical” payment might be, but it should bring a return of anything between 6.5% and 8.5% per week. But in the worst case scenario it wouldn’t take you any longer than 77 payment days to break even. Theoretically you could do it in as little as 59 payment days but the real number will probably be somewhere in the middle. Your final profit, in addition to your principal, could be anything from 130% to 170%.

It could be argued I suppose that some investors may not like the unpredictable nature of the payments, preferring to know instead what’s what’s coming in day by day. But you know in the longer run it’s more beneficial for the program (and ultimately its members). It frees the admin from having to commit himself to making payments he may struggle to meet at some point. It’s a strategy that’s been used to great effect by other programs in the past and when things are quiet from time to time it won’t put as much of a drain on BullInvest‘s resources as might happen otherwise.

The rest of the plans don’t employ this method but rather offer a fixed return. But then again as the remaining plans are quite expensive to join then it’s unlikely to matter all that much. To invest in BullInvest‘s third plan for instance you will need a minimum deposit of $3,000. The term then runs for a total of 150 business days (30 weeks) making daily payments from Monday through Friday of 1.9%. As this figure doesn’t change it means you can earn an amount equivalent to your principal after 53 payment days and finish with a total of 285%. This can be counted as all profit as your principal should then be returned. Maximum spend is $5,999.

Any bigger spenders willing to plough from a $6,000 minimum to a $9999 maximum into BullInvest would be doing so for a term of 180 business days (36 weeks). The promised return of 2.1% per day would see you earn an amount equal to your principal – which is again returned on expiry – after 48 days and finish with a clear profit of 378%. In HYIP terms that’s achievable. I mean we’ve seen short term programs that doubled your money in three weeks or less in the past. Granted they didn’t survive for ever but a return like this is a lot more realistic over the course eight months or so as BullInvest are offering here. Trouble is of course that it’s mighty expensive to find out, but as I said you all know your own limits.

And finally, and I think this is largely for information only purposes, BullInvest‘s fourth plan is open to deposits between a $10,000 minimum and a $100,000 maximum. The investment term runs for 180 business days, your principal is returned on expiry, and the daily rate of interest is 2.4%.

As far as payment methods are concerned the list is up to a fair industry standard. You have a verified option with AlertPay as well as some more convenient ones like LibertyReserve and PerfectMoney. StrictPay are also accepted though it’s increasingly difficult to regard them as a serious option at the moment. More on that in the news section so keep reading. Payments are manual so will need to be requested. The admin requires up to 48 hours to process everything but at this early stage I think it’s fair to expect them a little quicker. If you’re a fan of compounding by the way you’ll be pleased to see it allowed in BullInvest.

Koddos are the hosting provider and they are keeping the BullInvest website on a dedicated server with protection from DDoS attacks. Like a lot of the better HYIP related sites BullInvest are also running off a unique and custom designed script so you won’t see it anywhere else. It’s still pretty straight forward though and easy to navigate. The site is also encoded with SSL encryption as validated by Comodo. Communication with the admin if you have any questions can be done by filling out the e-mail ticketing form on the support page. My own experience with them was largely positive and found them to be prompt and professional at all times.

Texts are original and do paint an overall convincing picture of this being a program being run by a real professional outfit. They’ve even gone so far as to include a wider “economic news” section where you can view some widgets depicting current market trends in various commodities as well as some interesting news articles. It doesn’t mean a whole lot to me personally you understand, I’ll be treating them like any other online game until proven otherwise, but it does make for a better website and something that when coupled with the professional nature of the admin puts BullInvest in prime position to become a popular hit should they survive long enough to see a wider industry recovery.

So as per usual don’t play with silly amounts of cash (just because they accept $100,000 doesn’t mean you have to give it to them!) but BullInvest is probably worth keeping an eye on nonetheless. And if proceeding any further then remember only as part of a wider more diverse portfolio and only with amounts you can afford to do without.

OTHER NEWS FOR TODAY.

In addition to what I have already wrote about the StrictPay situation on my blog last night I would like to add a follow-up. It will be advice to all those with funds stuck in that payment processor and which will help them to avoid any future losses with StrictPay and at the same time have some chance for a refund. So in order to do it please under any circumstances do NOT deposit any money into StrictPay. I know that the payment processor will be shrewd enough to persuade you to do this with every possible method: including good customer support, waiving all the fees and issuing more promises with time. I hope you will stay strong and will not not allow them to get more of your money before any other withdrawals are getting processed.

From what I read on many other online sources last night it looks like people didn’t understand what is really happening with StrictPay. So their idea was to cancel all pending withdrawals and return the money back to the accounts. However the accounts remains frozen for the time being and you can’t take anything out of it. At the same time a second account is now created for you in addition to your main account. Your balance in this new account will be zero but at the same time this is now the only account you can withdraw from. So whatever goes into that account is new money that will be freshly deposited by you or other members or HYIP admins who tend to believe in the best intentions of StrictPay. I remind you that their intentions can be severely questioned simply because they don’t back up their words about freezing bank accounts with anything other than mere words justifying this approach by the advice given to them by some unknown lawyers which are conveniently for them were not named either. So actually the funds you will be able to withdraw from your account is either your own or that of your fellow investor or simply HYIP admin that were dim-witted enough to deposit more money after already being scammed the first time.

So let’s call spade a spade. StrictPay scammed everybody and took the money that was in the original accounts (as we simply cannot believe the story about the freezing of the accounts because they have failed to furnish any evidence). Now instead of honestly telling us that they are closing and issuing the refunds as soon as the funds are available to them again (provided they are telling the truth about the frozen assets as well) they are going to start again from scratch, asking us to give them a second chance, and telling us to more or less say goodbye to the money you previously held there. Sorry, but how would you react if a regular bank tried to pull that stunt with you? Put even more money into it? Even after your previous funds disappeared?

Imagine Bank X is going to close and issues a statement telling everybody that the money is gone. Maybe it will be available in the future and maybe not. At the same time they ask you to deposit more money again in a different account owned and managed by the same bank. At the same time they are still charging you 2% from every transaction for their service (?) and telling you that your old money will be refunded from the fees they are charging you on your new money. Is it not an absurd situation? Would you put your money to that bankrupt bank again? To me it’s quite simple. Such a bank cannot be trusted anymore because regardless of the reason why the funds are gone (stolen or frozen, the investors don’t care really!) their professionalism and abilities cannot be taken seriously.

I hope you agree with me that this is total nonsense. So I wonder why some people think it makes sense and encourage people to use this already dead e-currency. Do they want you to get scammed again and lose your money for a second time? Because that’s what I’m thinking when I read all those comments online. I simply cannot believe they are so stupid they can’t distinguish a serious and well thought out recovery plan from the rubbish and the ponzi-pyramid style tricks StrictPay offered in the last update. My advice to all of those people still spreading their stupid comments on StrictPay’s recovery plan would be to sink their own money out of their own pockets in the newly-created accounts to support StrictPay. Will they do it? I doubt it very much because I don’t think they are so stupid in losing their money again. So why do they still preach that everything is fine with StrictPay and that there is a chance for recovery? One can only ponder.

That being said it doesn’t mean that I’m some kind of anti-StrictPay campaigner and don’t want them to recover. It’s just that this plan they presented in the latest update looks exactly like a ponzi-game to me (who are the only ones using StrictPay by the way) and is based on new deposits paying for older ones. This sounds like a pyramid-based payment processor and if you want to participate in such a scam you are more than welcome to spend more money and then sit tight and pray this won’t happen again. Otherwise, you can apply the wise strategy I outlined to you above and then you can have a chance to be paid at the expense of other not so smart investors. Just like in the real HYIP world.

I have my own opinion of what happened to them. I think since StrictPay didn’t provide any proof of their own version of events then my version has the same right to exist side by side with theirs. And as a StrictPay account holder with frozen funds there myself I feel entitled to speak my mind. It is after all my own money I am talking about here, not their’s.

Ok, first I’ll give you some StrictPay history. StrictPay was created with the intention of becoming a major player in the HYIP industry and was promoted by some forums and monitors. I was quite hesitant to accept them at first because it was heavily advertised on the very shady MCF forum at that time whose owner was man I disliked intensely due to his involvement with several bad scams. After I was satisfied there was no connection I decided to accept and promote them seeing that many people already had accounts with them and there were very many good programs that started accepting them as well. The StrictPay customer service was extremely good first and to their credit they were always there when any problem arose and showed extreme professionalism at all times. The deposit and withdrawal options were also pretty wide-ranged and fast enough to compete with other payment processors. So it’s no wonder that StrictPay became a very popular option for HYIP players within a short period of time. Actually StrictPay expanded its influence with the development of HYIP industry which was at that time very profitable for the majority of the more shrewd investors who knew how to play those games smartly. With time the first difficulties started to arise, strangely coinciding with the collapse of many highly-rated HYIPs that used them as a payment option. First the delays were not so significant but with time everything became so awful that the administration simply couldn’t pretend that nothing was wrong. They issued some updates, every one of which contained another excuse. Then, after the HYIP industry was on the brink of collapse and when it was totally impossible to wait anymore we finally heard a completely different version of their troubles. Their funds were frozen by the authorities and allegedly they didn’t report about that earlier because they were advised not to do so by some unnamed legal firm.

And if it’s not incredulous enough that a law firm could tell you to withhold information from the legal owners of that frozen money (ie you!) the withdrawal terms were changed again and the deposit fees were waived. It became increasingly obvious to me that these were all stalling tactics as the administration desperately looked for new incoming funds to pay customers. But either the StrictPay clients became smarter or the HYIP industry didn’t recover as soon as was hoped for and so finally StrictPay was totally abandoned by clients and HYIP admins alike. There was simply no way to move transfer funds and turn them into real cash anymore. So for a couple of months the site was in a semi-comatose condition and I guess during this time they desperately tried to find a way to continue without paying for their debts to the members. Finally the decision announcing a temporary(?) default on their debts and the launching of round 2 from scratch was finalized and they made it public at the same time as taking their site offline to implement the necessary changes in the script. Now the site is back online and you can see your zeroed balances in sub-accounts with the same money in real accounts which you cannot officially touch anymore and which turned literally into thin air.

This was loose chronology of events leading up to where we are now based on the official version. For me it looks differently though. While the HYIP industry was on the rise and more and more new merchants (HYIP admins) and investors came to use StrictPay and left some money there everything was alright. Once the first troubles occurred in the industry it was a very difficult thing for a ponzi-based payment processor to process withdrawals and little by little things came undone and there was no other way then to close. I might be wrong of course in my interpretation of events but at least it looks this way to me when I try to analyze the events of the last few months when they went from one of the best into one of the worst payment options and a totally devalued payment processor.

Now the administration of the processor looks for the members’ support in the funding their accounts in round 2 of the game but I think you will be smart enough not to. One more thing I’d like to note which occurred to me when communicating with a StrictPay support team member recently. I was told that I was hurting their business now while I made a lot of money from them. Well, that was a really strange remark to me as from my understanding a payment processor is the only one that is making money from their fees and if they don’t run any HYI programs they could hardly tell that I profited from them. I never made a penny from them. I made some money from websites that use StrictPay but I never got a cent from StrictPay themselves. It’s me myself who chose to use them as a payment processor and it’s me who paid them fees for their service. StrictPay was a useful tool in payment transactions and it’s sad to see that it’s become a scam now, trying to fool the investors once again without even an approximate timeline for the payment of their own debts. Just give them your money and they will flourish for a couple of years again at your expense. And who guarantees that there will be no further excuses later on when the things in the HYIP industry undergo another crisis?

So my congrats to StrictPay on the successful scam but I guess once is more than enough to show your true colors and who you really were – a ponzi-based payment processor that shamelessly ask for more money even after its collapse. I advise you to forget about StrictPay and use such proper payment system with real offices and phone numbers in Canada like AlertPay and SolidTrustPay. At least they are genuine business entities operating under strict legal guidelines and licensed by the authorities there. With StrictPay all you can do at this moment is keep your fingers crossed they will recover. Even if this happens later on I would suggest to everybody never keep any significant amounts in StrictPay – just withdraw everything straight away and don’t let them scam you twice!

I repeat that everything written above is my honest analysis of what happened to StrictPay now with only one goal in mind – to help investors avoid any further losses and express my personal point of view as a long-time StrictPay client who was very disappointed with the current state of events and was shocked when receiving the latest update from them. At this point StrictPay is as good as dead for me. I honestly wish them the soonest possible recovery (provided it’s the truth about their frozen assets) but I simply cannot recommend them as a payment processor anymore as once bankrupt they cannot be trusted again before the funds they owe to customers are paid in full. This is my strong belief about that and I am not afraid to express it even though I myself have some funds in StrictPay. They can do whatever they want with my account if they like but I prefer to tell the truth (even if it’s a bitter one) than to live in an imaginary fairy world where it seems the majority of HYIPers are still believing everything being fed to them.

Let’s get back to HYIP news for today. Some HYIP admins apparently don’t read my updates and are quite worried with the situation with StrictPay. I remind you that StrictPay is still undergoing maintenance and though the site is online now there could be some errors since they are updating their script. So, the admin of FxCrudeOil (reviewed here) complained today that the balance in his StrictPay account was gone. I’m not sure what he meant by this and if he was talking about the old StrictPay account or the new one. Anyway, I hope everything will be ok with the StrictPay account of FxCrudeOil and even if not – well, I guess nobody should actually care about the totally virtual money which StrictPay currently handles anymore. Here is the update from FxCrudeOil (all the payouts except those from StrictPay ones have been completed today):
“All pay out has been completed include StrictPay and StrictPay balance now negative ( – 3)$ after complete payment. So all fund gone.
This is strange. Any one faced this problem? We already send support mail.
Thank you. FxCrudeOil Admin”.

I would like to emphasize that I like FundsOMatic (reviewed here) very much with its stable payouts from both daily (0.8%-1.8% for 200 days) and weekly (7%-14% for 26 weeks) plans for all five accepted payment processors. I also sent an interview to the program’s admin Randy who already managed to run a very successful autosurf program before which lived for well over a year. However, it is simply unbelievable to me that FundsOMatic has over 2,000 members and counting. Sorry to insult the admin but the stats look totally inflated to me and it’s simply unbelievable that a program with low-ROI plans can have so many members when you should consider the common crisis in HYIP industry right now. Anyway, considering the admin’s experience in this industry he knows best how to run his program to make it a success and if it requires inflating the stats then so be it. Also Randy explained a little bit better today why the StrictPay upgrades have been disabled and why the withdrawals to StrictPay are not possible at the moment. I guess that was the case with the admin of FxCrudeOil as well which caused the confusion he mentioned about in his latest update. Anyway, all other payments from FundsOMatic are still being processed on time and it’s all that matters as I believe StrictPay payouts are not so important anymore for all those who read the latest newsletter from SP. Here is the latest news from the admin of FundsOMatic and the interview with him hopefully will be published on MNO soon:
“Just a quick update. FundsOMatic is doing great with just over 2050 members the word is getting out.
I have received some interviews and am completing them today, so look forward to reading about them soon.
Now for some information regarding StrictPay. While the system is back on line there is a glitch with their system in which transfers show in history but not correct in the balance. With out giving too much details to cause confusion, I have disable SP upgrades for the day. Once i can confirm that they are working properly I will again re enable them. This is a precaution to avoid any account errors or to cause any confusion.
Once the StrictPay system is functioning properly i can then complete the payments.
RandyM”.

It looks like CashMiner (reviewed here) is developing its website slowly but surely by adding some useful features every week. As you might remember a support ticket system was introduced in your member’s account in CashMiner last week. While this week the site became bi-lingual when a German version was added. I find it kinda satisfying that CashMiner is developing so gradually which is the right way to go during this HYIP crisis. And I believe that together with the prompt weekly payouts of 8%-10% every single week (I received my latest instant payment last night) and many payment processors accepted (including AlertPay, C-Gold, LibertyReserve and PerfectMoney along with Bank Wires) CashMiner has a very good chance to stand out from the crowd and become one of the leaders of the HYIP industry once things are back to normal. Here is the latest short news update from the CashMiner admin:
“We would just like to let you know, that a German version of our website is now available. We also accept support tickets in German. More languages will follow. You will be notified of that in upcoming newsletters, so check your mailbox once in a while.
Best of Luck! CashMiner Staff”.

The site of GoldCollarInvest was offline for a short period of time today as the admin moved the program to new servers after a hardware glitch that happened a few days ago. According to their updated whois GoldCollarInvest is really hosted on a different dedicated server now and I hope that will save the program from any further troubles from now on. I myself was promptly paid today my daily 1% payment and if you don’t know yet GoldCollarInvest pays 8% to 10% weekly on a daily and weekly basis with the possibility of returning your principal after 30 calendar days. More on that can be found in my detailed review of the program published here. This is the latest news from the admin which he posted prior to moving the database to a new server which should have been completed by now:
“Hello Folks,
I hope you all are doing well. We noticed a hardware glitch in the main server when we were doing some server maintenance a few days ago. It was fixed by the data center people but we prefer to not resume using that server.
So we asked them to shift us to a new server and that task is completed, as the server is now in whole been moved. We now just need to shift the database and as soon as that gets over, the site will be back to normal. This should be completed in less than an hour.
Thank you for your patience and we always appreciate your support.
Best Regards. Bruce”.

And just when I was ready to publish this update I received another update from GoldCollarInvest informing investors about the successfully completed task and asking for patience if you are not able to access the website from some parts of the world for the next few hours due to the new DNS propagation:
“Hi again Folks,
I just wanted to confirm with everyone that all the process of moving servers are over. The site should be accessible now. However, if you face any problem in accessing the website, it must be due to the DNS propogation worldwide which may take a few hours depending on your geographical location.
A few more updates that need to be added in the new server has been postponed to a later date. We thank you for your patience and understanding.
Best Regards, Bruce”.

It looks like the admin of PrivateDiamondClub is totally exhausted with the constant issues with their hosting provider HushHosting due to which the site is up and down for the last week, and for the last two days it was totally down for everybody. The admin of the program Lars said in a private email to me that since the database is offline they can’t do anything now but wait while their hosting provider resolves the situation. After that they could switch servers so it won’t happen again in the future. In my opinion Lars should really do this for the sake of his program and the investors who are simply tired of such behavior from their hosting provider which obviously cannot be considered a reliable option for any HYIPs anymore. I could understand if the downtime happened for a few hours only but the fact that they can’t put the website back up within a few days shows an extremely unprofessional approach to me. Anyway, I wish PrivateDiamondClub gets back as soon as possible and wish them success in switching servers after that. Here is the latest update from Lars that was published on their Twitter 15 hours ago:
“Dear members, our server is still having issues. This time new issues. Hushost promised us it will be solved in 14-16 hours.
If not we have to find move to a new host… Its really making us fed up. First we worked hard and the design was finally there… and than about 4 hours ago via web
The Hosting Problems since 2 days about 4 hours ago via web”.

I noticed that some people on my ShoutBox asked me to add more short-term programs as they are afraid to invest in longer-term great-looking programs simply because they are gamblers by nature and like a good short-term program where they can have an opportunity to multiply their money in a relatively short period of time. Well, since you’re aware of all the risks, guys, and are ready to try your luck in short-term programs even during these hard times for the HYIP industry in general you should be ready as I added a new short term program to my monitoring called FinalEarn.

Somebody again stated on my Shoutbox that FinalEarn is another program from the well-known admin of TrueEarn which many considered a hit among short-term programs lasting for over two months which was a significant amount of time considering how long it took to be in profit. Well, regarding FinalEarn which just opened today and offers two investment plans – 115% after 3 days with a $4 minimum and 140% after 7 days with a $10 minimum. I can’t confirm the identity of the admin as I have no idea who he is. All I know is that FinalEarn was probably prepared in haste as despite five payment processors listed on their site (along with LibertyReserve and PerfectMoney it’s AlertPay, SolidTrustPay and even StrictPay) only LibertyReserve and PerfectMoney are currently accepted. The admin contacted me earlier and said the others are expected pending verification within a couple of days. Anyway, FinalEarn has been launched and it’s up to you to decide if you want to deposit there or not. To me the program would be worth attention after the additional payment options are introduced. Anyway, everything else is fine about FinalEarn. Just the layout might be not seem to look so professional to some. The security is also ok with the website being hosted on a Staminus dedicated server with DdoSWiz protection from possible DDoS attacks and a script licensed from GoldCoders. I’m looking forward to a more detailed look at FinalEarn once my suggestions are answered by the admin and the first payment is received. I hope it will happen soon enough but keep an eye on MNO as I will have it for you as soon as possible.

The programs listed on my monitoring page that paid me for the last 24 hours are the following:
Disalina, InWolton, GoldCollarInvest, RedOrchidInvest, OilStructure, ReProFinance, BookmakerOffice, GroupUniversal, FluxRates, FxCrudeOil, AvaInvestment, CashMiner, YesInvestment, GoldenInvestment, EzProfit, BullInvest and YamaFinance.

I will see you on my blog tomorrow with more up-to-date and unbiased news from the industry. Stay tuned and feel free to subscribe to the daily updates by email if you like what you read!