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

Hi guys! Well I’ve finally left Transylvania now that Halloween is well and truly behind us (no bite marks either, lol!) and am now on my way to the Black Sea where my journey will finally come to an end and I will return home. Meanwhile before I get there I’m stopping in Bucharest for a couple of days, and marveling at just how much has changed here since the last time I stayed. In the centre of the city anyway. Still time for the news of course but before that I want to talk a bit about a recently launched long term program called AssetManagement that has been added to my monitoring list a few days back.

Though the website makes the bold claim that AssetManagement have been in business for the last eleven years there isn’t really any trace of them online before about two weeks ago. Not to worry though, in HYIP terms that isn’t so bad as with the length of the available plans getting in while they are new is usually much better so just take anything you read with a pinch of salt. As for the plans themselves AssetManagement has just got the two of them, though I should warn you that one of them is priced so far beyond the financial reach of any online investor that I know as to render it quite redundant. Then again I suppose you guys are the best judge of that so I’ll run through the details for you here anyway.

The first plan which is going to appeal to most of you costs a minimum of $10 to join. The maximum deposit is $10,000. The investment term runs for a full calendar year, ie 365 days, during which you are offered daily interest payments. Not quite every day I mean, payments are made on business days only Monday to Friday. The rate will be the same regardless of how much you spend and will be 1.3% per day. Paid for five days that will bring in 6.5% interest per week. Now, I’m not saying it’s going to happen here with AssetManagement (I don’t know) but recent HYIP history throws up many examples of long term programs that offered an identical or similar rate and went on to successfully pay their members for well over a year. Or even 18 months in some cases.

Anyway, that adds up to a total return of 338% after the plan comes to an end. Or in more practical language, a $100 investment will get you $1.30 per day from Monday to Friday, get you $6.50 per week, allow you to break even after 77 payment days (relatively early considering there are 260 payment days in the term) and see you finish up with 338% of your principal.

AssetManagement‘s second investment plan has pretty much the same modus operandi. It runs for a full year and makes daily interest payments on business days only. The rate itself is a much more generous 1.5% which adds up to 7.5% interest per week and 390% in total on expiry. So far so good. It looks like a nice plan. The problem is that AssetManagement are asking a $10,001 minimum to join, so if that rules you out then consider yourself a member of the 99.99% of HYIP players who most likely skipped over this paragraph.

The payment options are fairly typical for a long term HYIP. Just LibertyReserve and PerfectMoney so as most of you will know by now all transactions are final and if something happens that you don’t like then whatever else you do don’t go complaining to either of them. However if you prefer to avoid online payment processors completely and use bank wires instead then AssetManagement will accommodate you. Please contact the admin for further details but do keep in mind that $1000 is the minimum deposit you can make via this method. Withdrawals are manual so will need to be requested. You are asked to allow up to 48 hours to have your LR and PM withdrawals processed, and 72 hours if asking for a bank wire.

AssetManagement is a very well laid out and professional looking site and the admin seems to work very hard to make a positive first impression on prospective investors. Indeed my own first impression was also quite good, though with a little digging there are a couple of things that could be either improved or just forgotten about. I’ll get to that in just a moment but if you’ve already taken the plunge and joined AssetManagement then don’t worry, I’m only talking about cosmetic issues and nothing concerning the plans.

With an original and unique script, SSL encryption, and hosting on a dedicated server with support and DDoS protection by a Dutch hosting provider Leaseweb the AssetManagement website is up to an acceptable industry standard. Customer support is available by filling in your details on the e-mail ticketing form on the contacts page. AssetManagement also has a postal address in Copenhagen which as I found is a virtual serviced office. The admin actually sent me a couple of photos and I can see enough to recognize an area of Copenhagen that I’m familiar with, having stayed down the street from their address. But it’s still a serviced office. They have a telephone number there as well but when I tried calling it I could only get the voice mail of the building management company and not AssetManagement themselves.

And that’s really what I meant by small niggling little details that sort of distract from the only real important issue here – the investment plans and AssetManagement‘s ability to pay them. I mean it’s great that they made an extra effort to make a professional looking website when so many of their competitors make no effort whatsoever, but I just think listing no phone number at all is better than listing one that’s not going to be answered by a company employee.

Reading through the AssetManagement website one finds a mishmash of texts borrowed and copied from all sorts of other finance related websites, but little of any originality. And again that’s a pity because what is otherwise quite a good website is kinda let down a bit by this. To me personally all it means is to emphasize what I would have told you anyway – to not treat the stories that AssetManagement are involved with anything other than online HYIPs with anything other than curiosity and amusement.

Not to make too big a deal out of it or anything, I mean there are few HYIP related websites out there that are fully and entirely original (and if there is then it’s only a matter of time before someone else steals all your ideas anyway!). The only people that would focus on this and use it against the program tend to be a bit, well, shall we say “misguided”. I like the fact that the admin made a decent effort with the website but just feel he could have went a bit further and did it properly. But then again we’re all adults here and know perfectly well the game we’re getting ourselves into.

Borrowed content aside the one and only question I know I’m going to get to my mailbox from most readers here is “can AssetManagement sustain 6.5% interest per week long enough to so that I can make a profit?” And the answer obviously is yes. Of course they can. Will they? That’s a totally different question I’d rather you didn’t ask me, but funnily enough, nobody ever seems to ask about the program’s content. Any program’s content!

As the focus of the industry slowly (but I think noticeably) shifts back towards longer term program’s AssetManagement offer a simple plan that is both profitable and achievable. They then find themselves in the enviable position of being an almost brand new program at a time when investors just so happen to come looking for what they are selling. Based on that alone I think it’s a calculated risk but one worth taking, as long as you agree that it’s sensible to use AssetManagement as a small part of a wider portfolio. The risk is there, that’s a given. It’s always there and there’s no way to avoid it. But I just get the feeling that the admin has done just enough work to not be looking for a fast scam and I think is ambitious enough to at least try and take his program to a higher level.

The final verdict? AssetManagement isn’t quite the finished article, but it’s close enough to deserve a second look as the two most important features of being able to A) make a deposit in a realistic plan, and B) make it in a secure setting, are in place. If anyone really thinks it’s important then the rest can be tidied up later.

DAILY NEWS FROM THE INDUSTRY.

I wonder why HYIP admins are becoming so unimaginative lately. Just before announcing the latest super profitable plan paying 135% after 1 day EuroInvestOnline turned off instant withdrawals to both LibertyReserve and PerfectMoney. You know perfectly well it’s a very bad sign and if it’s accompanied by silence from the admin and his inability to explain this stuff that could mean just one thing – EuroInvestOnline turned into a scam. I reacted quick enough I hope to prevent MNO readers from possible losses and currently EuroInvestOnline is marked as Problem on MNO and I removed all their banners as well. I noticed that the Rating page was removed from EuroInvestOnline site and so we can be almost 100% sure that it is a scam now. To tell you honestly, I never expected EuroInvestOnline that used to pay daily could last for 20 days, therefore completing over 20 cycles. So those of you who played the program smartly should be in good profits now. Anyway, despite that we can’t say that EuroInvestOnline was a failure you shouldn’t invest in them anymore as it turned to scam even before issuing this notorious and unimaginative newsletter that usually just screams “pending collapse” for any short-term game:
“Dear investors.
We’ve been working for 21 days already.
During that period we’ve managed to earn not only one dozen thousand dollars.
We intend to bring a new plan on the agenda for 10 days (until November 14 of the current year). There’ll be only 100 first people involved, when 100 person are selected then the enlistment won’t be available any more for the rest of participants.
One have to hurry up to become an investor.
135% After 1 Day or 120% After 1 Day
These plans are already available in your account.”

Another program that probably scammed already (not sure of this yet but since I didn’t receive a response from the admin and have two pending withdrawals it looks this way) is InternationalCommerce. It wasn’t exactly a new program anyway. In any case, InternationalCommerce is now in Waiting status on MNO and the further investments there are not recommended.

I must say that although I deeply respect the admin of FundsOMatic and all his efforts to pay pending payouts are appreciated by the members of his program, it simply cannot be ignored anymore that the payments are well beyond the assigned 48-hour timeframe. I’m aware that he’s doing his best to keep paying his members, but I don’t want to be accused of promoting a program which may never recover. Therefore, since I received more complaints from MNO readers today I have no other choice but to move FundsOMatic to Waiting status on MNO. I hope Randy will eventually pay to everybody but for now I simply cannot back his program up anymore, although I believe he’s a decent admin who proved his credibility by paying everybody in his previous program SurfsOMatic. I hope that in case with FundsOMatic all the members will be in profit anyway. I will keep you updated regarding what is happening about FundsOMatic on my blog and must say that I won’t drop this listing at all. In fact I’m simply putting the program on hold until the payouts are going to catch up and everybody is paid their dues. I hope for your understanding in this matter, guys!

I wonder how many times the administration of OilStructure has to warn everybody not to trust any emails from scammers impersonating them offering some special plans, promotions and changing your LibertyReserve API. Even on the main page of OilStructure they issued a warning in bold font that says:
“Any mail from oilstructure.com@gmail.com, oilstructure@yahoo.com etc. are SCAM
* WE NEVER ASK YOU TO ENABLE API AT YOUR LR ACCOUNT *
* WE NEVER OFFER SOME OTHER INVESTMENT PLANS *
We ALWAYS publish all news and propositions on our site. If you have any doubts, please login and create Support Request.”

Yet still people respond to them. Remember that even if you see an address similar like admin@oilstructure.com etc. it doesn’t mean anything. The scammers are becoming very sophisticated everyday but in order to track the real sender in Gmail for instance you should just choose “Show Original” option and you will see the actual (and not disguised and therefore misleading) email address from which this particular email was originally sent. I have received a heads-up from many readers today and somebody was actually surprised that they had received such an email allegedly from OilStructure domain. Again I would like to make everybody aware that OilStructure never sends any emails about new plans and that the only plan which you can invest in is 2%-2.4% daily which was thoroughly described in my review of the program published here. I guess the fact that OilStructure is currently one of the leaders among long term programs probably makes it a very lucrative target for all sorts of scammers. Here is the email I was sent by one reader which originates from scammers impersonating the real OilStructure (so don’t send your money to them!):
“Hello dear OilStructure members,
we would like to announce a Special Plan that was just opened and will be valid for the next week only.
It pays up to 200% after 3 days and here is the full plan description.
1. $50.00 – $500.00 – 150% after 3 days,
2. $501.00 – $2500.00 – 175% after 3 days.
3. $2501.00 – $50,000.00 – 200% after 3 days
You need to send funds manually to our e-currency accounts listed below.
LibertyReserve (LR): Uxxxxxxx
PerfectMoney (PM): Uxxxxxxx
Attention: Please note that we will always e-mail you from our own server e-mail addresses (such as admin@oilstructure.com).
Other e-mails should be considered as fraudulent and fake.
OilStructure Administration”.

It looks like today’s news was almost entirely given over to scams and problematic programs. Does it mean that UniteTrade is throwing HYIPs off course and affecting how confident the investors are that some programs are going to survive the so-called Black December? Answering that question in the new poll readers so far gave the vast majority of their votes to two programs (76% in total): CherryShares has 43% of the total votes while following it OilStructure has 33%. It’s getting really interesting, guys, so please keep your votes coming as just in a couple of months we will be able to verify your paranormal psychic abilities! The poll is located under my ShoutBox on the blog page.

By the way, I think that’s enough talk of scams and problematic programs for today. If you look at EarnPlaza (reviewed here) you will realize that it’s actually one of the very few short-term programs that is still paying well after 45 days online on the following plans: 110% after 5 days, 130% after 10 days, 160% after 15 days. And the admin of EarnPlaza Matt is making his site better day after day. The most recent addition was the introduction of live and phone support in the program’s contact page. Now you can see there the online status of three language speaking persons who will be able to assist you in real-time provided they are online. So the live support is now available in three languages: English, Hungarian and Russian so you can ask the representatives all the questions about the program that might interest you. On the same page you will be able to find phone support numbers in four different languages: English, Russian, Spanish and Italian. I guess more languages will be added soon and I will report as soon as that happens.

I’m aware that most of MNO readers consider EarnPlaza as the new leader of short term programs and I think few would disagree. The evidence is the ever increasing popularity of the program which recently got into the top 5 in MNO ranking (of which the admin reported in the most recent newsletter) and today it even reached #4. It looks like EarnPlaza is extremely popular program, especially among those of you who prefer to use AlertPay payment processor. Although I can see also some ref commissions coming to LibertyReserve and PerfectMoney – two other payment processors accepted by EarnPlaza. In the recent update from EarnPlaza Matt (interviewed here) also asked the members who forget to specify their payment processors accounts in their profiles to contact him asap to avoid the delays with the payouts. That’s what I call an admin who cares! Way to go, Matt and EarnPlaza! Here is the latest news from the program:
“Hello. I would like to let you know that members area and support page integration is finished. It seems like everything works fine, anyway if you will find somewhere a bug please contact support and we will fix this asap. Multi-Language support is now up, so if you need a help on Hungarian or Russian languages feel free to contact live chat operators.
I just found out that we have already reached MNO top5 rank. Well, its a really great achievement. Many thanks to Paul who are doing his job perfectly and of course to all investors for their trust. I am sure we are able to achieve even more in near future.
Once again some members think that I can process a payments without knowing their payment processor id. It seems like I will have to send those notifications in every my newsletter, because I never get reply from a members who requested their payments without payment processor id. Dear members with a following usernames:
Nik_G – please send as soon as possible your LR
hanga55 – please send as soon as possible your LR
hheni1 – please send as soon as possible your AP
I would like to ask all of you to check your account before requesting a payment so those problems and payment delays wont happen with you, thanks.
Okay, that’s all for today. I`ll be back very soon with more positive news, take care.
Best regards, Matt Powell
EarnPlaza Support”.

The admin of the popular 144CashAds Lewies (interviewed here) noted in the last newsletter that in a few days the cash bonus of $10 will be added to those members’ accounts who would invest in all the six plans offered by 144CashAds and take full advantage of the unique payment plans structure that makes the program so sustainable and was described by me in the detailed review of 144CashAds published here. So here is the latest news regarding the bonus:
“Hi. Thanks for all your support. All payout done.
Welcome all new members in to our family and send support mail if you need any help.
10$ cash bonus for month of Nov. running for all active 6 plans holder members. We will start paying from 9th Nov.
Requested all members who hold all active 6 plans pls send support mail to get 10$.
Thank you. Lewies
Project admin”.

Here is the list of the programs that paid me for the last 24 hours and are listed as Paying on my monitoring page:
CazaInvestment, Famega, RedOrchidInvest, InnoClub, WorldPrivateFunds, EarnPlaza, PawnShopFund, Flamanta, ReProFinance, PandaTrade, MutualTreaty, 144CashAds, FenixTrust, GloTrade, FiboTradePro, OilStructure, FxEconomy, FondosMayores, CherryShares and YamaFinance.

That’s all the news for today and I hope to see you on my blog tomorrow when I hope to publish yet another issue of MNOFridays which I hope you all enjoy. Of course all the news from the industry and my monitored programs will be there as well, so stay tuned for more news and views!