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

Hi everybody! No doubt most regular MNO readers and HYIP players will be familiar enough with the slew of shorter term high interest programs hitting our screens recently, offering all manner of plans that start making payments from as fast as an hour after joining. OK, so they’re high risk but a number have been popular and ran for a surprising number of cycles. One of the latest to be added to my monitoring page is called FundOfProfit which I’m sure many will be hoping can emulate the success of some of it’s older rivals. So before we move on to the news I’d like to take a closer look.

I’ve already been paid and reinvested with FundOfProfit by the way, so to start with I can tell you that somebody’s already made a profit. Not bad considering they’ve only been in business for the last two days. Of course if you want to become one of those in profit then programs like FundOfProfit need to be played the right way. So let’s take a look at the plans and see what you think is best for yourself.

The first plan makes hourly payments for a term of 24 hours, and is probably the safest bet in my opinion in terms of risk anyway. You can join for a minimum deposit of $10, and for anything up to $500 earn back 4.36% interest per hour. Than will bring you in a total of 104.64%, which includes your principal. If you are prepared to spend between $501 and $5,000 then the rate increases slightly to 4.38% giving you a total return of 105.12%
Higher rates of a maximum of 5.6% are offered to higher deposits with no maximum spend. Check your FundOfProfit account area for details.

The second plan is equally short term, but only pays once on expiry after the term of 1 single day. For the convenience of not having to withdraw every hour you get marginally better rates. You can still join for a $10 minimum and anything up to $100 gets you back 105% in total at the end, principal included. For larger deposits the following rates are available:
$101 to $200 gets 106%, from $201 to $500 gets 107%, from $501 to $1,000 gets 108%, and from $1001 to $5,000 gets 109%.
Once again as with all the plans bigger rates apply to bigger deposits with no maximum spend and a top rate of 129%. See the member’s area for details if interested.

After that the next plan jumps to a term of 7 days, with FundOfProfit again offering one single payout on expiry. Minimum deposits start at $10 and for anything up to a $100 investment you could earn a payment of 140%, principal included. Now while I’m not for a minute suggesting the program can’t last that long (in fact I think it can easily do so) I just don’t see that as being significantly more profitable to justify you joining this plan in comparison to simply re-depositing in the first or second plans over and over again for a week. The risk seems to jump a lot higher than the profit available here, so think about a strategy that works for you before spending.
For larger deposits the following rates are available:
$101 to $200 gets 147%, from $201 to $500 gets 154%, from $501 to $1,000 gets 161%, and from $1001 to $5,000 gets 168%.
Again bigger rates apply to bigger deposits with no maximum spend and a top rate of 400%. See the accounts area for further details.

FundOfProfit‘s fourth, final, and riskiest investment plan runs for a term of 30 days and makes one single payout on expiry that includes your original principal. As with the previous plan I’m not saying that FundOfProfit can’t complete a cycle here (though to be honest I’ll be impressed if they do) but what they’re offering in terms of profit is actually less than what you can earn by redepositing in an earlier option. So risk or no risk I can’t see their being much point in even offering it.

But for your information, you can join for a $10 minimum and earn 180% interest on expiry on deposits up to $100. For larger deposits the following rates are available:
$101 to $200 gets 200%, from $201 to $300 gets 230%, from $301 to $500 gets 300%, from $501 to $1,000 gets 600%, from $1001 to $2,500 gets 1200%, and from $2,501 to $5,000 gets 1800%.
Bigger rates again apply to bigger deposits with no maximum spend and a top rate of an utterly unfeasible (as most of this plans offers are) 2200%.

The list of payment methods is pretty basic to say the least with only LibertyReserve and PerfectMoney being accepted, a situation unlikely to change. So you know there’s no chargebacks (“let the buyer beware” as the saying goes) but on the other hand payments are made instantly. As you’d probably expect from a program offering hourly payments I suppose. Just log into your FundOfProfit account area and request a payment. It should find it’s way into your e-currency account a few seconds later.

FundOfProfit security is solid enough. They’re hosted on a dedicated server from a company called AntiDdos, which may not be that widely known but they’ve hosted a number of HYIPs recently and I’m not personally aware of any serious attacks on them. The website is using SSL encryption for safer browsing and more secure transactions, and is running off a licensed GoldCoders script. If you have anything to say to the admin then you can contact him by using the e-mail support ticketing form on the contacts page. You can also find a list of statistics about FundOfProfit on the homepage relating to the membership, deposits, payouts, et cetera.

Texts appear original which is fine, but go on at great length without ever telling you much. For what it’s worth FundOfProfit claim to be “monitoring the market”, which could mean just about anything. I mean I can monitor the market myself, it doesn’t mean I can pay you 400% interest in a week, lol! Then again I think we all know it’s only in the online HYIP industry that figures like those quoted by FundOfProfit exist anyway, so I guess that’s how best to approach them. The risk you decide to take with them is your own call, but like I said at the beginning the shorter term plans are already paying out so if you want to play it safe then it might be best to stick to one of them. Just remember to do so with a deposit that’s well within you budget, don’t let the bigger numbers tempt you, and use it to your own benefit as part of a well balanced and diverse portfolio.

DAILY NEWS FROM THE INDUSTRY.

The chat with the admin of MidasGoldFund Warren (interviewed here) was a success once again and not only did Warren manage to answer all the questions MNO readers had but also all the active participants were rewarded with a $25 deposit which was credited to their accounts for the 1.7%-2.7% daily for 30 days plan with principals returned on expiry. So, you know that further participation in MNO Chats can be not only interesting but also profitable and I would like to express my huge gratitude to those who join in and also to those admins who have the guts to appear and answer sometimes tough questions from MNO readers. I’m sure such chats are very useful for everybody in the industry but I’m aware that for various reasons they can’t be attended by everybody who’d like to. That is why there is a useful folder on the MNO Forum where you can find all the transcripts from the sessions held so far. The latest one with the admin of MidasGoldFund has been published already and can be viewed here. For anybody looking for extra information on the program and its features you’re welcome to read the complete review of MidasGoldFund which was published on MNO here.

Yesterday’s review was of SparkMetals (click here to read it) which just started a couple of days ago and offers a single investment plan of 2.5% for 120 calendar days with the principal returned on expiry through AlertPay, LibertyReserve and PerfectMoney payment processors. It looks like they’re off to a good start and its admin Ashley Judd (yes, it looks like we have the famous Hollywood actress as an admin, lol) issued the first official newsletter to members last night. Here it is:
“First, we want to thank all members for joining SparkMetals which was newly opened yesterday for investors around the globe to participate in precious metals trading. SparkMetals is gradually growing to becoming one of the best in the industry; so far this project has been a complete success.
Our program has been reviewed by Money-News-Online and can be read here: http://money-news-online.com/blog/2011/03/09/09032011-sparkmetals-review-and-daily-news-from-the-industry/
All payouts have been processed and all support tickets have been answered in a timely manner.
Once Again, THANK YOU for being a member of SparkMetals and if you have any questions, need any help, or see something that needs attention, by all means, let us know and we will jump right on it for you.
Best Regards. Ashley Judd. SparkMetals”.

The program with similar plans of 2.5% daily but with no expiry date – DenXon – also remains strong and after the review which was published on MNO a week ago (read it here) is gaining momentum and strong members’ support. In the latest newsletter from the admin of DenXon Nicole she gave some stats from the program and emphasized that payments are being processed really fast and that the customer support of the program is out there to answer all the questions you might have. I myself have already sent some interview questions to Nicole and am currently waiting for her reply. However the question about the investment plans might become obsolete pretty soon as the admin mentioned that she was working on the addition of a short-term plan which is going to be added to DenXon after some careful calculations be formally launched soon. So I’ll be looking forward to announcing this plan on MNO as well, because definitely it will find some takers. DenXon also accepts all the popular payment processors including AlertPay, SolidTrustPay, LibertyReserve and PerfectMoney. Here is the full latest email newsletter from DenXon:
“Hello. Weekly greetings today. DenXon Corporation remains your top investment site as we continue to grow in our member base, investment and profits; we have some news for you today which are below listed.
Appreciation and Statistics;
At DenXon it’s our style to show profound appreciation to all members hence I would begin today newsletter by saying Thanks You for taking part in our project. DenXon which is barely 9 days online today has reach a member base of 1980 with $29,890 investment, as of today we have paid our members $8,620 in total as returns of investment and referral commission, this project is so stable and gaining more sustainability by the day.
Payments;
Everyday we process all withdrawal request within minutes, some members are already in profits as a result of their referral strength, we like you to know that everyone at DenXon stand a chance of turning a one time investment into a wealth pool within a reasonable period of time. We are requesting from all members to please post payment proofs on forums, this would in a lot of way boost the trust of our project, DenXon is paying and you need to share this with prospectors investors.
Customer Representative;
Our support personnel’s are online 24/7 replying to emails and monitoring our website, please if you have any question or you experience any form of challenge in trying to use our website do not hesitate to contact our trained staffs who would attend to you within the shortest time frame
Addition of a new short term plan;
So many members have reached us on the addition of a short term plan, we are considering this however we have not reached a conclusion, we want our project to last for a long period of time hence we need to make all calculations to put in place the best short term sustainable plan for the benefit of all investors. In our next newsletter we would launch this new plan.
Oil and gas is one of the most profitable businesses today, DenXon corp. is a firm known for credibility is delivering quality financial services as a result of professionalism, your investment are in the hands of professionals, your principal investment is safe and the rate of return is guaranteed for the term of the investment, so you don’t need to worry about how market fluctuations might affect your investment.
Regards, Nicole. DenXon”.

I would like to give word of caution regarding GreenBackShares (reviewed here). As far as I know the LibertyReserve withdrawals are back on pending status for over 24 hours once again. So I have sent an email to Jeremy asking him if everything was alright and the reasons behind it. I must add that FAQ section of GreenBackShares site has not updated yet and therefore misleading by promising instant withdrawals to AlertPay and LibertyReserve investors. A 24-hour gap I think it’s what the most HYIPs like GreenBackShares use to pay the pending requests, and so I found it odd why the withdrawals are not paid for over 24 hours again. I’m currently waiting for an update from Jeremy regarding this, but if I get neither an update nor pending withdrawals paid by tomorrow I will have to move the program to Problem status on MNO. So, I would suggest holding off from depositing in GreenBackShares at this unclear stage of the program’s development!

The trendiest scam trick pulled by crooked HYIP admins in 2011 is definitely the request to create an API in your LibertyReserve account, resulting in you making a command to transfer all your money to the scammers without ever even realizing that you’ve done it until your account is emptied. So many members got caught already and many more will still be scammed. However, if you read MNO regularly you should be safe because I update my readers regularly on the danger of such actions. The latest scamming attempt today was sent from the administration of FxEconomy – a program with a relatively good lifespan which nevertheless stopped paying a week ago. Those of you who are still desperate to get something from FxEconomy might get scammed if they do what the admin asks you to do. So please be careful and don’t create any APIs in your LR account if you receive the following email (which has been censored for your protection) from FxEconomy:
“Hello Dear FxEconomy member, please take your time and read this message carefully.
Recently LibertyReserve website made several changes in their system which caused delays in payments from us.
We are sending you a temporary solution instructions to receive your pending and further withdrawals.
1. Login to your LibertyReserve account, go to Merchant Tools (in the top navigation)
2. Click on “Create new API”
3. Enter the following entries
3.1. API Name: xxxxx
3.2. Sec. Word: xxxxx
4. Tick ENABLED
5. Tick TRANSFER
6. Tick BALANCE
Other values leave to default. Enter your master key to submit and save the settings.
After doing so, your pending withdrawals will be processed at short time.
This should solve the payment delay issue.
Sincerely Yours, FxEconomy Ltd”.

I received answers to the interview questions which I sent to the admin of ExoticFX Charles recently. I’m going to publish it on MNO during the next few days because I’m aware that many members are eagerly anticipating it and I want first to make sure that all the readers are updated properly and the interview is published to the biggest possible audience. If you’re reading my blog over the last few weeks you might be aware that I really consider ExoticFX to be the next big thing in the industry anytime soon. Despite the relatively young age (the program has been monitored on MNO for only 18 days) ExoticFX managed to attract many investor’s attention with its great uniquely written script, absolute security of members’ accounts, very professional and highly communicative admin and the newly created social network consisting of Facebook, Twitter, their own Live chat, forum and its own blog where you can read all the latest updates from the program and from the ForEx trading in currency pairs in which ExoticFX is allegedly involved. So, I guess MNO readers will definitely want to find out more about the program’s features directly from Charles which you can do in a couple of days. If you don’t want to wait then you can simply refer to my review of ExoticFX published here. They accept four payment processors including AlertPay and LibertyReserve with principal returned on expiry to the following plans: 1% for 120 business days, 1.2% for 140 business days, 1.45% for 160 business days, 2% for 180 business days (with daily payments), or 1% daily for 2 weeks, 1.28% daily for 4 weeks, 1.55% daily for 6 weeks, 2.3% daily for 8 weeks (with a single payment on expiry).

Not only does Charles send updates from his own program, he also analyses some of the most recent trends in the ForEx market and gives invaluable advice for your financial portfolio even in the offline world. So in today’s newsletter the advice was given to shift away from US Dollar which is has been in a huge decline for ages and invest the money in the other developing e-currencies. Otherwise, you can simply invest in ExoticFX which will do all the hard work for you. This is the main point of the newsletter, but I honestly encourage you to read everything from ExoticFX till the end for a better understanding of the current ForEx market trends and the declining position of the US Dollar there:
“This Trend is a Serious Problem
Foreign investors own trillions of this asset…
This market determines America’s standard of living, their role in the world, and their prestige as a nation…
It directly influences the global price of food and oil since most of the world’s other markets depend on this market, too…
The price of every fixed-income security in the world is based directly on this market…
Most of the world’s other markets depend on this market, too…
This market is the key to the future value of bonds, stocks, and the U.S. dollar…
Most important, the U.S. dollar depends on this market.
HOWEVER…
This market is collapsing. Its downfall began in late 2008.
LISTEN UP.
This is the most important financial advice we can give you. We’re talking about the collapse of the largest bond market in the world – the market for U.S. Treasuries.
You see, as the market collapses, foreign investors will sell. As they sell, they will also unload dollars, which will diminish the dollars’ purchasing power. That’s why the decline of this market is the only trend that matters.
LET US EXPLAIN.
The best illustration of this trend is the chart below. We urge – no, we beg – you to pay attention to this chart. Put a copy of it on your refrigerator. Update it weekly. Keep your eye on it. And make sure you truly understand what it means.
The chart compares the value of long-dated U.S. Treasury bonds (TLT) to the price of gold (GLD). When we say “long-dated,” we mean U.S. government debts that don’t come due for more than 20 years. This chart shows the value of the bond market compared to gold since December 2008.
Whenever someone tells you he believes the risks of the American government’s debt load and its dependency on “quantitative easing” (aka printing money) are exaggerated, show him this chart.
This chart demonstrates the collapse of the purchasing power of U.S. currency as gold rises. And it shows the corresponding collapse in the credit of the U.S. government as bonds fall.
Just to be clear about this… We are not alone in our claims. Others echo the same sentiments. Here’s what another analyst wrote:
“None of the government’s bailout plans will solve any of the problems. The government can only shift the burden of the failures. Instead of bondholders and shareholders being wiped out, taxpayers are put on the hook. These actions will temporarily resuscitate the economy – but cause a permanent decline in the value of the dollar… inflation will wipe out much of the value of long-dated U.S. government bonds, causing their prices to plummet.”
At ExoticFX, We have warned our investors “Get out of the U.S. Dollar as fast as you can.” “Invest in the currencies of cash and resource rich nations”. We’re repeating these warnings again because the market for U.S. Treasuries recently “broke down” through an important level. The big government bond fund (TLT) just struck its lowest low in nine months. The decline seems to be accelerating.
It is not too late to protect yourself, your family and your very way of life.
At ExoticFX we have strived to simplify the process by providing you with a Hands-off approach. We work diligently to research the Exotic currency pairs, stay on top of the Majors, determine the ETF trends and discover Emerging Market Opportunities. We participate in these markets every single day and provide you with a simple plug and play portal to this Multi Billion dollar industry.
When you join ExoticFX – you’ll immediately gain these five key advantages.
1. You earn a faster growing, independent income, with less risk…with no need for day trading.
2. You can stay insulated from the Global debt crisis… and become diversified outside your own currency.
3. You’ll avoid costly errors and steep learning curves that reduce your confidence and can wipe out your bank balance.
4. You’ll enjoy a new financial status, and confidence knowing strict risk management is used to maximize profits.
5. And you’ll get back in control of your money, minus costly brokers… and their profit-grabbing commissions.
ExoticFX could very well be your number one best chance to profit in 2011 and beyond.
Join ExoticFX Today and insulate yourself from this looming Global Financial disaster.
It couldn’t be simpler.
Welcome to the Exotic side of Forex
ExoticFX – A Private Asset Haven
Revolutionary! Simple! Secure!”

And for tomorrow MNO readers will be the first ones to read the interview with the admin of growingly popular ForexTradingTeam (reviewed here). The program offers instant payments from a plan offering 2%-3% for 200 business days with principal returned on expiry. With the recent addition to the payment processors list you can now use AlertPay, LibertyReserve, PerfectMoney, SolidTrustPay and GlobalDigitalPay with a $10 minimum. By the way, if you had any issues accessing the site earlier please rest assured that ForexTradingTeam’s hosting provider BlockDos has already put the situation to rights (they were under DDoS attack). Here is the update from ForexTradingTeam regarding the problem, which was barely noticeable as everything is again working as it should be:
“Hello, Today ForexTradingTeam website had experienced slight downtime due to our hosting provider network issues. Also, at this moment we are under massive DDOS attack. We don’t know who is attacking us and why, they don’t ask to give them money or something like that. Perhaps, some competitors don’t like another successful investment program around. Anyway, we have two more anti-ddos providers as a backup, so our clients do not have to worry about site downtimes at all.
ForexTradingTeam website is working perfectly now, thanks to our ddos mitigation provider BlockDoS. The only thing I want to point you to is, its impossible to use ssl connection during DDOS. That means, if you have bookmarked our site with https, we kindly ask you to change it to http to be able access ForexTradingTeam anytime you need it.
Have a good day, ForexTradingTeam
We trade – you gain profit”.

Today I was paid from the following programs listed on MNO Premium and Standard listings:
SparkMetals, MidasGoldFund, BestProfitInv, ExtraIncome, OilCapital, FundOfProfit, GorgonProjectInvest, ImperialFund, ReProFinance, ExoticFX, DenXon, Agromatica, FirstMonetaryFund, FondosMayores, PermanentProfit, ForexTradingTeam, GainBucks, WallStreetCompany and EliteAlliance.

That’s all I think for today, except that I hope to see you on MNO tomorrow for the latest updates from the industry. Stay tuned and always be on the money with Money-News-Online!