BEWARE! SafeDepositary has stopped paying! Do not invest there!

Hi everybody! I hope your all having a good weekend so far, where ever you are. Anyway, before today’s news I want to take a look at an online HYIP called SafeDepositary and I believe many of you might be familiar with it already. Several readers have written to me asking about it over the last six or seven months, most of whom were now and wondering why I had never shown that much interest in it. Well to tell the truth I don’t really think they were that interested in being covered by MNO before now for reasons best known to themselves. By the time they did contact me it was no longer exactly but as the readers seem to like it and kept asking about it, I thought why not. Usually I prefer new programs but there are exceptions to every rule. Some of the best online HYIPs of the last five years were barely getting warmed up after seven months online, so it is with that in mind that I want to introduce SafeDepositary to anybody who does not know about them yet. It might not be new but looking into it a bit closer I think this could well be another one of those rare exceptions. One that goes against the trend and just runs and runs. They’ve certainly set themselves up as one of the leading programs in the HYIP industry during those seven months online. So let’s see what it’s all about.

And what better place to start with the investment plans, which is of course the main reason any program is in business though there is a bit more to SafeDepositary than the average HYIP. They have a wide variety of investment plans to suit every wallet, all of which run for 150 business days, which is approximately how long the website has been online for. So given that the plans return your principal on expiry I guess some of the older members will be expecting a nice little windfall around now. For those of you yet to join however, SafeDepositary has four investment options for you to think over.

The first and most affordable plan is SafeDepositary‘s Virtax Fund. You can join it for as little as $10 and in return receive a 1.6% interest payment every day from Monday to Friday for 30 weeks (150 business days).That would bring in a very respectable return of 8% per week. At the end of the term your daily payments should have amounted to 240% in total which can then be considered profit once your principal gets returned. Of course you would have broken even long before that anyway, having earned back a sum equivalent to your principal after 63 business days – less than half way through the term.

If we were to take a practical example of let’s say $100 then, what happens is this:
SafeDepositary will pay you $1.60 per day, five days per week, for 30 weeks. Of course the correct description is 150 business days, because if there’s a holiday (“non trading day”) within the term where you don’t get paid the investment simply gets extended by an extra day, so no matter what happens there are still 150 payment days within the term. I guess you probably knew that, but anyway, your $100 deposit now gets you back $1.60 per business day, or $8 per week. That in turn enables you to break even (ie. earn back a sum equal to your initial hundred) after 63 business days, which is just short of 13 weeks. On completion of the full term your payments should have added up to a total of $240 which is then considered pure profit once your original $100 deposit gets returned as promised.

By the way, if 150 business days seems a bit too long term for you to make a commitment, don’t worry. SafeDepositary provide an early withdrawal option. I’ll get to the details in just a moment when I get through the rest of the investment plans, but be warned it comes with a hefty fee so think about it carefully first and budget for it accordingly.

Moving on to SafeDepositary‘s second plan, The Rovasion Plan is something for the more experienced/larger investors. It will cost you $1000 to join it so you can see why. Like the preceding plan it too runs for a term of 150 business days, making daily interest payments from Monday to Friday. Other than the cost of joining however the difference is that the daily interest rate goes up to 1.8% per day with your principal returned on expiry.

At that rate a typical deposit in this plan gets you back 9% interest over the course of a working week, allows to break even after 56 business days (just past 11 weeks, the point at which you can’t possibly lose any money no matter what happens) and finish out the term with payments amounting to 270% in profits. Your original deposit then gets handed back to you.

Next on the list – and this is where we move into the realm of the serious industry players – we find The Orston Plan. It will cost you a $5,000 minimum to join which ordinarily when I’m looking into brand new programs as I usually do I’d say would be unlikely to attract very many investors until well after the program in question is a firmly established dependable payer. In the case of SafeDepositary it’s safe enough to say that’s already been established so no doubt they’ve got their share of members here too.

So what do you get in return for your $5,000? Well, the most important thing is a 2% daily interest payment made every day between Monday and Friday. That’s the equivalent of 10% interest per week which would see you earn back your principal after 50 business days (10 weeks), only a third of the way through the full 150 business day investment term. On expiry of that term you should be left with 300% in pure profit on top of your initial deposit which is then returned.

Whatever about The Orson Plan, SafeDepositary‘s final investment plan carries a $40,000 minimum investment price tag so I guess this really is for information purposes. But obviously I’m going to give you the details anyway, it being your own business how you use them. It’s called The Grand Plan, it runs for 150 business days, and makes daily interest payments of 2.3% every day from Monday to Friday. That would allow you to break even after 44 payment days and finish with a total profit of 345%. Your principal is then returned.

A couple of other quick points relating to the plans include as I’ve already mentioned the option to withdraw from your chosen plan before the completion date and request your principal be returned. This service will come at a fee of 30%, so make sure and first of all be absolutely certain that you’re happy to commit for such a lengthy term, and secondly if you do need to leave for some unforeseen reason then do some calculations regarding the payments you have already received. Perhaps you will still see a profit if you just wait a little longer? The other thing you need to remember is that compounding is available, the amount of which (if anything) is up to your own discretion. You will need to decide on that when joining.

When it comes to the actual mechanics of getting paid the options open to you are as good as anything in the industry at the moment. The choice of payment processors accepted by SafeDepositary is excellent. AlertPay, LibertyReserve, PerfectMoney and SolidTrustPay deposits are welcome along with direct Bank wires starting from $500. All the withdrawals made to LR, PM and AP accounts are instant, while STP withdrawals are processed within a few hours.

To describe SafeDepositary as a shining example of what an online HYIP related website should be is an understatement. In the last seven months they’ve practically created their own brand name within the industry, and have become widely regarded as one of the leading programs. And that’s not because of coincidence or good luck either, it’s down to hard work, experience, and organization. SafeDepositary has a totally SSL secured and customized script with so many unique features making it almost worth a separate review by itself. For example you have the ability to set up an additional layer of security for higher protection of your account. You can see these guys are clearly serious about what they are doing here, and as you may imagine from the quality of the site itself, it should come as no surprise that the safety and security of this program is also top notch. Hosted on a dedicated server, it is hosted and fully protected by Dragonara who are one of the best around. From within your members area you may also limit the IP addresses that can access your account and detect each time your account is accessed from a different address.

Added to that is an instant investment contract in PDF format issued to you straight after making a deposit, and a wealth of video and PDF presentations available for immediate viewing / downloading. The company is properly registered in Panama with all the relevant documents pertaining to that available for immediate inspection. Also, in a not unprecedented but definitely rare move from a net based HYI program, they have a section given over to the online security of its members. To veteran investors it’s mostly just common sense but to those new to working online it contains some very sound advice and well worth paying attention to.

Communication plays a vital part in the success of all the top online programs, past and present, and SafeDepositary is no exception. You’ll find the postal addresses for two offices in Panama and Guatemala both of which have telephone numbers, and (at the moment) no less than ten regional representatives in various countries speaking various languages that you can contact personally. There’s also the more traditional contacts such as a direct e-mail address and a support ticket submission form. Far from the traditional online channels however is the international seminars currently going on in various locations around the world. Just finished is a series of public meetings held in a number of African cities with more to follow over the coming month. More are promised after that in other locations around Europe and the US so keep an eye on MNO for any further press releases relating to that. And if anyone anywhere manages to attend one of them please get in touch. SafeDepositary also has quite an extensive news section with a lengthy archive stretching back over the months so you can find a lot of useful information in that too.

While I can only say that the SafeDepositary website is a model of organization and planning, at this point (i.e the approximate completion of their first cycle) the main question that remains in the minds of most investors, both existing and potential, is for how long more SafeDepositary can stay afloat and if the investors thinking about making a fresh deposit today will see their principal returned at the end of a second cycle. Well, how long can any internet based investment program run for really is the million dollar question isn’t it? Anyone can predict the collapse of anything, just keep saying it and eventually you’re going to be right. You may need to repeat your “predictions” for six, twelve, eighteen months or more, but someday you’ll get it right!

Personally as I’m new to SafeDepositary I wouldn’t like to call it but what I can do is assess past performances (so far so good!) and consider that there are numerous precedents out there of highly successful projects that offered similar plans/returns to this one which ran a hell of a lot longer. Granted the industry is a different place today than it was then, but there have always been success stories at the heart of every industry crisis. I know the good programs sometimes got a little bit harder to find, but they’ve always been there. So yes, on one hand there’s a risk not helped by the age of the program, and on the other hand there’s still a lot of room to grow if the wider online investment community want it and believe in it. The only thing I can say about SafeDepositary for sure is it looks flawless and at the time of writing at least still compares very favorably to a lot of the newer programs challenging for the top.

DAILY NEWS FROM THE INDUSTRY.

It looks like the administration of CorpBayGroup again achieved the almost impossible and took his program out of the swamp and Problem status on MNO for the third (!) time already by paying the outstanding withdrawals. Such dedication can only be treated positively in one case – if it’s not going to happen again, because such delays don’t indicate that CorpBayGroup is a stable and healthy choice for the average investor. However, not only did CorpBayGroup pay the pendings, today it was announced that the program had added AlertPay and SolidTrustPay as verified payment processors joining the anonymous ones like LibertyReserve and PerfectMoney. I couldn’t help but notice by the way that CorpBayGroup (reviewed here) has stretched the waiting time for pending withdrawals to be processed from the current 48 hours to 72 hours, meaning that it still has cashflow issues which it probably is hoping to solve at the expense of those willing to invest via the newly added payment options. My advice would be not to deposit in CorpBayGroup at this point and wait for a week or two and see if the payments get back to its original schedule and are not delayed anymore. Considering CorpBayGroup offers relatively small returns of 2%-2.59% paid for 60 calendar days with no principal returned on expiry it’s the least investors should expect from them. So, if you have a pending withdrawal please let me know and I will check it out for you. Here is the latest newsletter from CorpBayGroup which not surprisingly contains nothing about the recently delayed payouts and only announced new payment processors:
“Hello. We are glad to inform you now we can accept deposits via AlertPay and SolidTrustPay e-currencies.
Also you can login to your account in CorpBayGroup and use “Edit Profile” section for add or edit your accouns, after this action you can do investments.
If you have any questions or suggestions, do not hesitate to contact us.
Notice: Monitors and forums admin, please do needful with this news.
Thank you for your patient. CorpBayGroup”.

It looks like the admin of DenXon Nicole (interviewed here) became hyper-active this weekend after the addition of the new 12% for 12 days short-term plan. If you read my review of DenXon (posted here) you may know that originally DenXon offered only a 2.5% daily forever plan to be joined via AlertPay, SolidTrustPay, LibertyReserve or PerfectMoney. The new plan probably means that DenXon tries to appeal to a wider HYIP audience trying to conquer the short-term market. We will see if they succeed at this soon, but so far the first investors to be in profit are yet to be see. Any conclusions about the program’s longevity premature because DenXon has only been online for 20 days. The admin though tries to persuade us that the program has reached 3,000 members already and that it’s going to be online for at least one year. I myself would be very skeptical about such claims and anyway, actions in HYIP industry should speak louder than words, so we will see if DenXon is able to stay online for at least another 10 days making the first 12×12 plan takers a profit. Anyway, the latest two email updates from DenXon are republished below, so you can read them and draw your own conclusions on the latest activity:
“Hello, Weekend greeting to everyone, we hope you are in profit or almost in profit with DenXon, This is actually what we wish all our members can achieve with the shortest minimum time, DenXon Corp has been growing fast and this is because of your support, we appreciate and wish for the best.
Let’s unfold our business from Monday the 14th March 2011 till date; Our sales were great and we made huge profits of over $19,839 within weeks and for this reason we were able to come up with the DenXon Special Plan which pays members 12% Daily for 12 Days, our business is growing and we are increasing the profits of our investors along side, this plan is open to all members of DenXon Corporation.
The higher you go the cooler it becomes, having been online for over two weeks we have this to testify of, The top is what we reach out for, The Top is where every member of DenXon would get to, we are going to stay on track and continue our fast payment and hold on to quality support service provision. In this I want to officially assure you that DenXon would be online for nothing less than a year (365 Days of stable earning) from our calculations we can boldly say this to all members.
Thanks to You, DenXon is taking you global.”
“Good day to you our valued members;
Thanks for your continuous support and confidence in DenXon Corporation.
DenXon made 72% Profit from our third week of oil and gas marketing sales, we are now preparing for our next project which would begin tomorrow, Monday 20th, it will sure be more profitable than our previous weeks.
DenXon already has 3000+ Members. We have launched our major campaign for DenXon in the upcoming weeks and we look at going vast this new week, this is to increase investor’s awareness of DenXon Corporation as we are growing strong on a steady pace.
DenXon is a secure place for investment; if you have any inquiries about DenXon feel free to contact us by sending an email. Thanks!
Regards and Happy Weekend
Denxon Administration.”

Unfortunately, I have to move RockLandFunds to Problem status already. Having been added to MNO just recently I didn’t expect it would scam as fast as this, considering the investment plans on offer were sustainable in the long run. However, the absence of instant withdrawals and the silence from the admin on the emails I sent to him today makes me think that RockLandFunds might be gone already. I will notify you on my blog if the situation change, but for now I would not recommend any investments in RockLandFunds until further notice.

I have been paid from the following programs for the last 48 hours:
ExoticFX, ExtraIncome, BestProfitInv, ForexTradingTeam, GorgonProjectInvest, BankOfPanama, Agromatica, OilCapital, FundOfProfit, DenXon, ArchitectonicInv, GainBucks, ViscoCorp, ImperialFund, FirstMonetaryFund, FondosMayores, MidasGoldFund, CorpBayGroup, EurexTrade, EliteAlliance, PermanentProfit and SparkMetals.

That’s about it for tonight, guys. I hope you enjoyed the news and updates. If you did then don’t forget to check out my blog tomorrow for another review and all the latest news from the HYIP industry. See you all then!