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

Hi everybody! For the second post today I want to talk about the growing number of short term HYIPs that have sprung up like mushrooms recently. Well, to be more precise I really just want to talk about one of them in particular. It’s called MegaEarn and while these new programs are of varying degrees of quality this one seems to be getting by far the most interest from investors if the feedback I am getting is anything to go by.

Which kinda brings me on to an interesting point to start on because as the short term HYIP market gets more competitive and more programs chase what’s basically either a static or dwindling amount of money, it’s always going to be the program that convinces you they can provide you with bigger returns for a shorter term that captures peoples attention. More than that however, they also need to offer you something at affordable prices, and I think maybe that’s why MegaEarn is just edging some of the competition. I’m certainly not trying to tell you they’re a better or safer bet for your money, but to keep the cash flowing they only have a brief window to capture peoples attention and in the short period they’ve been online MegaEarn at least seem to be doing that.

MegaEarn has three short term investment plans, the longest of which runs for just four days, and all of which pay on expiry. What you might earn is based on how much you are willing to risk, but all three are well affordable so they risk involved (financially speaking) doesn’t have to be that big unless you make it so.

Starting with the first plan – and one I know that many readers will already have profited from many times over – it runs for just 1 day. The minimum deposit is $10, the maximum is $30,000, and returns are broken down as follows:
Amounts from the minimum $10 up to $500 are paid 105% interest. Larger deposits from $500 to $2,000 earn 107%, and anything bigger than that will receive 109%. All payments include your principal.

In return for a slightly longer wait of 2 days MegaEarn are offering somewhat improved interest rates. The figures are more or less the same with a $10 minimum required to play, though you can also join with anything up to a $30,000 maximum. The returns improve inline with the investment term and payouts are made on expiry as follows:
Investments from $10 to $500 are offered 118% on expiry this time. For a bigger spend of between $500 and $2,000 MegaEarn is offering 121% on expiry. And for the major players willing to go beyond that the maximum of 124% is offered on deposits from $2,000 up to $30,000. Payments include your principal.

MegaEarn‘s final plan runs for what is still a pretty short term in anyone’s books and pays on expiry after 4 days, though it still involves the greatest risk. Minimum investment remains at $10 and for anything between that and $500 you are offered a return of 144%. Deposits between $500 and $2,000 are rewarded with a 149% return, while the big players again get the highest possible return from any of MegaEarn‘s plans. That’s 154% on expiry for deposits between $2,000 and $30,000. Payments again include your principal.

It’s obvious to most of us that although this last plan is the most tempting, those returns are going to make it tough enough to consistently honor, but if the temptation is more that you can take then do what I did – split your deposit between the three plans. I put by far the biggest slice into the first plan which is already paying me, with a couple of bucks in the other two as well.

If you decide to press ahead with an investment with MegaEarn then your payment options begin and end with LibertyReserve and PerfectMoney. Which as usual means all transactions are final so under no circumstances should you start playing with money you can’t afford to do without. If anything goes wrong refunds are unheard of. But to make it a little more fun the admin is allowing instant payouts, so just log in and ask for your money and it will be in your e-currency account within seconds.

The program is running off a licensed GoldCoders script and is hosted on a dedicated server with support and protection from one of the better hosting providers in the HYIP industry at the moment which is Dragonara. SSL encryption is not in place, however you do have the option of detecting any changes in browser or IP address settings between visits. Customer support is available by filling in your details on the support form you’ll find on the contacts page and submitting.

Texts are not original and have been used by many other HYIP related websites in the past, so try not to dwell too long on MegaEarn’s claims to be involved in anything as substantial as the engagement of professional stock trading companies. In fact come to think of it, don’t dwell on anything connected with MegaEarn for too long. The opportunity to earn a fast couple of bucks is no better or worse than anything else on the net, but it is a fleeting one. Make up your mind one way or another but if you like short term games then take a look. If short term games are not for you then fine, there are plenty more options out there for you too.

DAILY NEWS FROM THE INDUSTRY.

It looks like so many new short-term programs are launching this week that I believe this is the most popular option among the investors playing HYIPs now. As you know the demand creates the supply so no wonder that the admins of the newly launched sites try to satisfy the investors’ thirst for quality games. One of them is the program that has just been added to MNO a little earlier – BrilliantsInvestment which launched only today. The program is running off a licensed GoldCoders script and is hosted on a dedicated server with BlackLotus protection and with SSL-encryption of the accounts. The plans are very simple and uncomplicated – 107%-122% after 1 day, 122%-170% after 3 days, 150%-250% after 7 days, 172%-320% after 10 days, 220%-515% after 15 days, 1000%-1122% after 30 days. To all the plans except the last one the minimum deposit made via LibertyReserve or PerfectMoney is only $10 and for smaller investors the profit will be the first figure for each plan. So don’t be misled by the suggested high returns. The admin of BrilliantsInvestment offers instant withdrawals but I can only confirm that tomorrow when I’m going to receive my first payout on 107% after 1 day plan. I’m hopeful to make the review of BrilliantsInvestment and deliver it to MNO readers very soon, so stay tuned for that!

Another program that has been added to the Premium list on MNO today is called DigitWallet. The program is a long time in the planning process as the admin contacted me for advertising a week ago when his site was still offline and even now the banners are not ready and so will be displayed on MNO soon. Anyway, the program has launched now and we can all see the greeting message on the DigitWallet website:
“19. OCT – DigitWallet Grand Opening
We have started to accept members and deposits worldwide. Our script is fully automatic. Let us know if you have any question regarding our investment plans, you can talk with us LIVE!”
I can see that the security of DigitWallet is top-notch and the admin didn’t spare any effort on that. This is an SSL-encrypted site with the first-rate BlackLotus Enterprise level protection against DDoS attacks. The script is the well-known licensed version of GoldCoders. DigitWallet offers three investment plans. The first pays on expiry 105%-115% after 1 day, while two others allow daily payouts of 60%-70% for 2 days and 45%-55% for 3 days. Unfortunately the only accepted payment processors so far are LibertyReserve and PerfectMoney but you can join each plan with as little as $5 (the more you invest the bigger profits you might receive in the end). A more detailed review of DigitWallet will be published on MNO later in the week so keep an eye on MNO for that.

Although in the previous newsletter from UniteTrade it was explicitly said that the website would be undergoing maintenance and would not be available for some time today, there was still a disturbance on the main forums. Fortunately, the admin of UniteTrade Andy (interviewed here) was able to handle everything quickly and issued a couple of updates on major forums to ease the panic. One update is reprinted below:
“SERVER MIGRATION PROCESS BEING CARRIED ON
Hello UT Members, visitors, and forum members,
As I had mentioned in yesterday’s newsletter, we have begun the server migration process, a few hours ago. We are not sure how long the entire process will take, but rest assured, we are doing our best to get it completed as soon as possible. Your patience is much appreciated in this regard, as we are doing the best that we can do for UniteTrade for its very long run. It will give our website the highest security, protection, and speed.
I will be here to answer your questions if you have any.
Regards, Andy”.

To tell you the truth I was first surprised to see a message about the suspended site left by DdosWiz hosting provider for a couple of hours but Andy quickly replied to my question. Investors always should remember that even with such remarkable programs like UniteTrade that last for nearly seven months paying 120% after 7 days and 150% after 15 days anything can happen and things could change pretty fast. However, this didn’t happen with UniteTrade which only proves that the cashflow is quite positive and strong and cannot be disrupted by several hours downtime.

Unfortunately the waiting was in vain and it appears that UniteTrade didn’t manage to upgrade their site and move to new servers as promised due to some technical issues. It has to be done in the near future though due to the enormous popularity of the site among investors and I believe the next attempt to achieve this will be underway soon enough. The admin of UniteTrade Andy promised to warn us about that beforehand so (again!) don’t panic when it happens. As for UniteTrade‘s work, it’s completely back to normal and the payouts to three payment processors (AlertPay, LibertyReserve and PerfectMoney) are back to instant while the SolidTrustPay payouts are still manual like they always were.

By the way, did you notice that the admin of UniteTrade renewed two banners on MNO and purchased two more banners on my blog and forum for two months each so I believe he is determined to run his program at least till Christmas. Of course, very often the best of intentions in the HYIP industry can change quite suddenly but it’s what I believe he’s at least trying to do. If you wish to familiarize yourself more with the program and its investment plans you can refer back to my updated review of UniteTrade published here. And this is the latest newsletter from Andy informing about the results and reasons for today’s downtime:
“Hello UT Members,
First of all, we would like to apologize to everyone, for any kind of inconvenience caused, with the recent server migration process we were doing. However, due to the network related issues and problems the company Staminus (the data center) was experiencing while doing the job, we were unable to complete the migration process. So we had to postpone the migration process and we plan to get it completed on another day, after the company, Staminus, have their network issues solved. We are now on our old server, working at full potential. We will let you know in advance, before we transfer our domain to the new server.
Members are requested to contact us, if you have any problem related to your account, as there might be chances of some error happened, while the migration process was being held. Some of you, who have made a deposit in UniteTrade, might not have got their deposits credited to their accounts, due to the server migration process we were having. Such members, who did not get their deposits get credited in their respective UniteTrade accounts, are requested to contact us, by providing us their username, and the transaction details of their deposit, using the support form.
Remember, the winner of the referral contest, who will be rewarded with an amazing $1500, will be declared tomorrow. So stay tuned for our next newsletter.
Regards, Andy. UniteTrade.”

The admin of LeadingROI sent me his answers to the interview questions today so I’m going to publish it on MNO tomorrow. By the way, in this latest newsletter he mentioned my review of his program dated a couple of days ago (read it here) and gave some stats from the program which are pretty good if they are to be believed. We know that the stats in HYIPs don’t always reflect reality but I would be glad if I’m wrong about LeadingROI. Anyway, the program still pays instantly to LibertyReserve and PerfectMoney and it looks to have totally recovered by now from an issue with uncredited deposits that almost killed the program during the weekend. It survived though and still paying on the following plans: 105%-122% after 1 day, 120%-170% after 3 days, 150%-250% after 7 days, 175%-320% after 10 days, 265%-515% after 15 days, 540%-1122% after 30 days. Here is the latest newsletter from the admin, Matthew:
“Hello. It’s been 4 days since I’ve started my HYIP called LeadingROI and I would like to share with you what we’ve done.
LeadingROI has been reviewed by Paul from MoneyNewsOnline. You can read the review here: http://money-news-online.com/blog/2010/10/18/17102010-leadingroi-review-and-daily-news-from-the-industry/
In general the program is growing very well and in day 4 stats are more than promising: Total accounts: 540, Active accounts: 225, Total deposited: $ 12,382.30, Total withdraw : $ 3,637.35
*Tip – If you want to earn more add monitors as your “Your Upline”. Most of them offer nice RC Back. So starting from today LeadingROI is offering new service – you can change your upline to any monitor you like.
Just send us a support ticket with your account name and preferred Upline.
That’s it for today, don’t forget to vote in monitors and post your payments in forums!
See you later, Matthew.”

As you know from some of my reviews I often quite annoyed by the inaccuracy of online calculators that are given by some admins on their site. What is the purpose of using such calculators if they show the wrong figures all the time and confuse investors? Unlike these programs the administration of Vodapex (reviewed here) was in no a hurry to add an investment calculator to their website and did it properly only today. Although the plans offered by Vodapex are not very complicated and offer the same daily returns of 2.8% for different investment terms (from 45 to 120 calendar days) the part of the principal returned back on expiry of your plan (from 24% to 30% depending on the plan) can involve some tricky calculations. So by entering the amount you wish to invest into Vodapex via LibertyReserve, PerfectMoney or RoutePay you will be able not only to see the final result of your investment but also see all profit you will be receiving on a daily basis which give you a proper view of your future deposit with the program. Vodapex managed to reach #6 on the MNO rating after just 75 days of monitoring and I believe such precise and gradual development of the program accompanied with fast support and fast and instant payouts could be a recipe for the program’s ongoing and expanding success. Here is the latest newsletter from Vodapex announcing the addition of the calculator:
“Subject: Investment Calculator Added!
To help you understand how profitable your investments would be, an Investment Calculator has been added to Vodapex.
The calculator is accessible through the main page and on this link http://www.vodapex.com/investmentcalculator.asp
It is also accessible when you login to your account.
All you need to do to calculate your potential profit is to simply visit the site and enter an amount to calculate. Our software engineers have done all the necessary tests to ensure the accuracy of the calculator in detailing every dates and profits coming to your investments.
We highly suggest that you try out the calculator. It gives you a good understanding of how hard your money is working to bring you good profit. You will also understand that your potential profit is higher than is mostly calculated by other services.
Have a lovely week.
Best Regards. Admin. Vodapex.”

Despite all the promises from the admin of FxTradingWorldwide I still cannot receive my withdrawals to LibertyReserve instantly. They all go to pending status immediately and I’m not sure if his recent updates about the instant payouts are deliberately misleading or perhaps they just forgot to update LibertyReserve automated payment interface which changed recently as far as I know. In any case, the recent updates I received today from FxTradingWorldwide were not about the payments but about some issues with the Mana forum (I never even heard of this forum before which were successfully resolved by now. Here are the two recent updates from FxTradingWorldwide (reviewed here) just for your information:
“We get formal reported several times that users and admin in Mana forum create the article which will create violence, misleading and separation in online community
Refer to our service agreement, WE reserve the right to suspend all members from Mana forum until they take related actions.
All members from them will not get profit and need to refund us all profit and commissions.
This issue will need to be resolved by report back to us.
The actions will be done within 24 hours from announcement.
Sorry for inconvenience.
After conversation with Mana Forum Admin
We did resolve members issue, and mainly there is payment issues of some members which create problems to members.
Admin of Mana Forum insist that the contents of the forum is under good handle and to protects rights of their members. And FxTradingWorldwide commit to payout the pending request per overall list basis ASAP.
Any issues of members could direct contact to admin@fxtradingworldwide.com to resolve each cases.
Sorry for inconvenience.
We do not proceed any actions in account system of members.
Best Regards. Admin”.

Here is the list of the programs that paid me today which are all featured on my monitoring page:
MegaEarn (the first instant payments received), UniteTrade, FundsOMatic, OilStructure, OptimumPride, YamaFinance, 144CashAds, GainBucks, PandaTrade, OnyxInvClub, MutualTreaty, LeadingROI, InternationalCommerce, EzProfit, FutureTrails, Flamanta, FenixTrust, EuroInvestOnline, WorldPrivateFunds, GloTrade, GrapeVineFunds, Vodapex, YesInvestment, CurioHunters, PawnShopFund, Famega, InnoClub and OrderDollar.

That’s about it for today everyone. I will see you tomorrow with another review of a new short-term program and more news from the industry! Stay tuned and always stay on the money with Money-News-Online and don’t forget to keep your votes coming in my polls that are located under my Shoutbox!