12/08/2011. WesternSum Review and Daily News from the Industry

BEWARE! WesternSum has stopped paying and has been moved to Problem status on MNO! Do not invest there!

Hi guys! Hope you’re all looking forward to the weekend. I’ve been in Prague these last few days and have to say it’s been great, if a little overcrowded with tourists. Can’t honestly complain about that though when I’m one of them myself. Anyway, I’ll be on the train to Berlin bright and early tomorrow so I’m looking forward to that. Before the news update for this evening there’s one new addition to the MNO monitor that I want to take a look at in closer detail for you called WesternSum. You may remember I wanted to do this yesterday but was unable to after some serious problems with the script prevented me from getting paid more than a tiny percentage of what I was owed. I contacted the WesternSum admin and he took care of this, so I hope it will be safe for you now as well.

To be blunt I have to say that they haven’t done a particularly good job of explaining their own plans in WesternSum, even though there’s actually nothing all that spectacular about them, or even unique for that matter. I had to clarify some points with the admin myself, and even then I had to do it more than once. So I’ll try to relay that information for you here but hopefully he will take some advice and simplify his own descriptions.

There’s four plans in total to pick from, three of them short term and the remaining one long term. Though at the time of writing this isn’t made entirely clear but all four plans make a single payment on expiry of their cycles. When making deposits into any given plan by the way you need to keep in mind that you are not allowed to spend just any random number off the top of your head. WesternSum investments come in the form of individually priced units that you will need to buy. For instance if the unit price is $50 then you may only invest in blocks of $50, for instance $50, $100, $150, and so on like that. If the the price is $100 per unit then you may only spend $100, $200, $300, etc etc.

The first plan we come to is called The Aggressive Fund and it runs for just 2 calendar days. The minimum cost of investing – and subsequently the price of one unit – is $50. Payment made on expiry is 101.6%, and as that includes your principal the net profit left for you is 1.6%. In monetary terms thats $0.80¢ profit for every $50 you gamble with if it pays off.

WesternSum‘s second plan is called The Classic Fund and it runs for a 7 day term. The minimum investment is $100, so again all larger investments must be at least multiples of that. Payment is made on expiry of the term and should be 112%. Your principal is included there so 12% is the profit left for you.

An only very slightly more profitable option (on a profit to day ratio that is) but at a greatly inflated risk is The Combined Fund, WesternSum‘s third plan. It runs for a 14 calendar day term and costs $200 per share to join. Payment which is promised on expiry is for 128%. Not counting your principal which was yours to begin with that’s a 28% profit for yourself.

And finally The Long Term Classic Fund is WesternSum‘s stab at a long term plan. I don’t see this one getting many takers at all due in part to it’s prohibitive cost, but also on account of the fact that you won’t see a cent in profits until after the plan expires. The term runs for 92 calendar days and WesternSum have a $400 price tag on each unit. Payment on expiry if you don’t mind waiting that long is offered at 300%, principal included. Or 200% profit.

So if you liked any of those plans and would like to join one of them you probably want to know the payment processors. WesternSum are currently channeling money through LibertyReserve and PerfectMoney who are safe enough. They also take AlertPay who have become a bit more unpredictable in the HYIP industry recently and if WesternSum are ever going to get problems in this area then most likely it’ll be them who cause it.

Anyway, that aside payments are made manually and will need to be requested. Another thing not all that well explained however is the payment schedule. While the FAQ clearly states that payments are made 7 days per week you are also asked by the admin to allow up to one Business day to receive it. Before you get that far though you will also be asked to deposit money into the program first, then re-directing that money to the plan(s) of your choice. However I can’t really say I’ve ever been a huge fan of programs that only sell you fixed price units rather than taking whatever amount I want to spend, especially when the prices are so ridiculously inflated. Take the first plan for example – it only takes blocks of $50. But what if I have $70 or $80 to spare and I’d like to try my luck in WesternSum? The admin refuses this extra cash because he will only take $50, $100, or nothing at all! Seriously, think about that for a minute. You really think that’s a good business practice? Because plenty of other HYIPs out there won’t be so discriminating and will jump at the chance to accept whatever amount of cash you want to throw at them. Big numbers, small numbers, they’ll take it all and wont give a damn if the number’s divisible by 50 or not.

The WesternSum website itself is one of the single most impressive things about the program as a whole. It’s quite elaborate for an online HYIP and has quite a lot of reading on it. Despite that it’s still easy to navigate and well presented. WesternSum is hosted on a dedicated Staminus server and has a secure SSL encrypted connection as certified by Comodo. The script is also unique and customized to suit the program’s requirements. There are various ways to contact the admin if you have any questions or account related issues. Mainly that’s going to be through the online ticketing form where you can just fill in your details as required and send it off like that. You may also use one several e-mail addresses provided though WesternSum also list a telephone number you might wish to try. Numbers are listed in the US, UK, and China and relate to different departments – tech support, payments, etc. There are currently some openings for regional representatives available too though as far as I can see at this early stage none have yet been appointed. You’ll probably recognize the system from being used on a couple of other programs (mostly long term ones). WesternSum also have a two-tier membership system where for a $50 fee you can upgrade and avail of features like increased ref commissions (handy if you’re a more experiences promoter) and preferential treatment from support.

Despite so much reading material on the WesternSum website a lot of it is lifted straight from other finance related websites in a word for word copy/paste, so clearly it’s not recommended or suggested that you take a word of it seriously. As online HYIPs go it’s a promising looking prospect but no more than that. The potential is there to make a nice profit for yourself but it does come with a risk attached so as ever you need to dilute that risk by spreading your bets between more programs and establishing an affordable spending regime that you will stick to no matter what.

DAILY NEWS FROM THE INDUSTRY.

First of all, I would like to issue a warning for two programs recently moved to Problem status on MNO – VivaTrade and SilverPinePartners. Well, regarding VivaTrade I cannot say anything except that it has stopped paying now and were never particularly good in the first place. It was listed only on Basic status on MNO where programs rarely last longer anyway. While SilverPinePartners keeps paying to some monitors still while many angry members keep posting on forums that the program stopped paying to them and doesn’t process even smaller amounts by now. I managed to independently verify selective payouts from SilverPinePartners and pending payments for over 24 hours while checking out the account of one MNO reader. I hope nobody lost money in that scam as SilverPinePartners was not so good either and except a fancy design and customized script was mainly intended to scam investors fast. So please do not invest in those two programs as otherwise you risk never seeing your money again!

There was some really encouraging news today from GorgonProjectInvest (reviewed here). The program still remains the #1 choice for MNO readers and deservedly so. Paying stably for over seven months GorgonProjectInvest survived AlertPay attacks and most probably will survive the ongoing problems with exchanging GlobalDigitalPay, whose problems have no obvious end in sight that I am aware of. For AlertPay users the news is really great. No, of course accepting AlertPay again is out of the question as it would be suicidal for any top quality program. Instead, the members who previously invested via AlertPay when it was still accepted will have the opportunity to exchange their balance in their GPI accounts not only to GlobalDigitalPay as was always the case but also to LibertyReserve now as well. There will be an additional 10% fee charged for such internal exchanges which you can do yourself in the Exchange center GorgonProjectInvest account area. I’m quite sure AlertPay deposit holders won’t mind paying a 10% fee and be paid via LibertyReserve, nor will GDP members I’m sure. A planned feature will enable the investors of GorgonProjectInvest who joined via GDP to exchange their money to LR and be paid via that payment processor. If this really happens as promised by the admin of GorgonProjectInvest in his latest update he will earn the eternal gratitude of no small number of investors. In my memory it would be the first such case when a program offer to do something like this. If it goes ahead and if you have your GDP balances still idle and are desperate to get rid of it you might want to look at one of the investment plans offered by GorgonProjectInvest – 1.9% for 30 days, 2% for 90 days, 3.5% for 180 days and 3.65% for 365 days with principal returned on expiry of each plan. Several hundred investors already assured that GPI is the best investment program online and if you have GlobalDigitalPay I’m strongly advising you to think of investing in GorgonProjectInvest and have at least some chance to get that money exchanged to LibertyReserve in the future. No one else will do it for you at the moment so at least think about it. Other payment processors accepted by GorgonProjectInvest include SolidTrustPay, LibertyReserve, Pecunix and PerfectMoney. Deposits start from a $1 minimum for the 30 plan and rise to $100 for the 180 and 365 day plans. The most recent update from Paul, the admin of GorgonProjectInvest (interviewed here) also published on their website can be read below:
“AlertPay to Liberty Reserve Exchanges Open Again
Hi Everyone
We have been trialling AlertPay to Liberty Reserve exchanges over the last week and they have been working great, so we can officially announce that because of the GDP ‘problem’ we are allowing AlertPay account balances to now be exchanged to Liberty Reserve for withdrawals. The fee is 10% but this is to cover the cost of the exchanges we had to make and some of the loss we encountered because of the AlertPay account closures.
There are still hundreds of investors that originally deposited funds via AlertPay and we are making sure that NO ONE loses anything by allowing the profits generated to be exchanged to Liberty Reserve. We initially adopted Global Digital Pay as the outlet for this problem, but it seems increasingly likely that their problems will not be resolved anytime soon, so we need to offer an alternative because we are in the business of looking after our investors.
We challenge anyone to compare this service offering!!
Coming soon: If the GDP problems continue, we will open up a GDP to LR exchange. Watch this Space!
Warm regards. Support Team
GorgonProjectInvest”.

One of the most colorful admins to come along in recent times is definitely the one from HitNRunMasters, whose newsletters never fail to brighten my day just a little. Well, as long as his program keeps paying as well as it has this last few weeks then I’m not going to argue with some of the stories unfolding there. True or not they’re always a welcome relief from those claiming to be Swiss investment bankers or whatever. Today’s conspiracy links the admins of the recently collapsed LibertyHoard with HotInvesting, which to be honest wasn’t the most difficult act of deduction anyway. As you may be aware by now HitNRunMasters is a long term HYIP claiming to make money from other HYIPs not merely by “piggybacking” in the traditional sense but also by using some insider information from peripheral industry sources to identify who’s who, identify what their strategy is, and then basically beat them to the punch as it were. So in his latest epic the HitNRunMasters admin (who was interviewed on MNO here) tells us about some of the recent activities in making a ton of money for his investors at the expense of some other programs. Not that most folks would sympathize all that much with the average HYIP admin anyway, lol! However the suggestion that the HotInvesting admin is “trying to route their funds thru several accounts” strikes me as a little bizarre. They only take LR and PM which both guarantee total anonymity and a strict no questions asked or answered policy. I’d be pretty surprised if he couldn’t do that instantly in just one go using just one account. Anyway, HitNRunMasters takes deposits via LibertyReserve and PerfectMoney to plans that offer terms of 1.5%-2.8% daily for 365 days. For a better description of the program and its plans then see the original review first published here. Here’s their newsletter in full:
“Some WILL and some WON’T
Since we launched we have received a number of support requests wanting information about what programs are going to be running away soon.
This is what you need to understand. HYIP is a small world! Here is what will happen when we reveal names. For example, on August 5th, we told you
“In two such programs the Admin is exercising his exit strategy as we speak. We have already exited their program with massive profits. These two programs have the same admin, they look almost identical, both are high interest short term plans. One has been live for slightly over a month, the other was launched 2 weeks later. Due to our exit, with several 10’s of thousands in profit, the admin has begun to withdraw his reserves from both payment processors to his own pockets and the programs will collapse very soon. We suspect that the Admin may, or could, use some of the remaining profit from the first program to attempt to maintain the second in hope it revives. But mark my words, he is a target, and we won’t miss!”
 Had we revealed at that time that LibertyHoard and HotInvesting were both owned by the same Admin group and that LibertyHoard was trying to remove funds, then this Admin, in an effort to discredit us would simply have supported LibertyHoard with funds from HotInvesting. This would have prolonged their existence and caused you to have even more doubts of our validity. We gave you enough information on August 5th had you taken the time to look at it.
 So, now you know. Hot investing is doing the same thing. We took so much of the profits from LibertyHoard that HotInvesting is trying to route their funds thru several accounts and the program will collapse soon. However, having announced this they may spend it down to the last penny in an effort to discredit us.
Believe me when I tell you, these admin groups know they are targeted. And we are not well liked by the admins that are running programs.
So you choose, believe, don’t believe. But we are not going to risk our strategies any further than we already have. We are not an information service.
You wanted some info, now you have some. That’s it. Take it, or don’t take it, the choice is yours.
Like we said, if you choose to go it alone, then go it alone. We are here, we are offering, you decide.
We will make profit either way, will you?
It is TIME we band together!
It is TIME we turn this arena around!
It is TIME to make the changes!
It is a NEW DAWN in the world of HYIP!
THE WAR HAS BEGUN!
Are you going to emerge victorious or lie wasted as a casualty?
The choice is yours!!!
HitNRunMasters. The HYIP Destiny is OUR Choice!”

Today’s winner of the forum activity contest (yes, it’s still running!) was announced by the admin of CommoditiesCapital James in the latest short update from the program:
“Today’s winner
Today’s winner and also this contest final winner is user: l091k4. He got his prize already. Congratulation! Tomorrow we will launch another very interesting contest so standby for it. Thank you all for your great support.
Regards, James. CommoditiesCapital”.
I will be looking forward to the next contest from CommoditiesCapital and will report about that on my blog as soon as it’s launched. I remind you that they accept AlertPay, LibertyReserve and PerfectMoney into four investment plans – 1.8% for 100 days (principal back), 3.2% for 45 days, 5% for 30 days, 6.5% for 25 days. More on the program can be read in my detailed review published here.

To learn more about how JPDaily works you’re more than welcome to read the review published here. By publishing the daily results of his activities the admin of the program Rich brings a breath of fresh air into the mostly generic emails from the majority of admins and adds a nice personal touch which I always appreciate when it comes to quality HYIPs. Well, the latest daily result was a bit over 1% which is still ok in my books and the admin hinted that the weekend might be slower than usual as he might be busy with some personal issues. Here is the latest newsletter from JPDaily if you want to find out more on that:
“Daily Result: +1.18% for JPDaily
Todays result has been announced!
Check your balances and request your withdrawals!
Daily Report: http://jp-daily.com/forum/YaBB.pl?num=1313149663
Investor Balances: http://jp-daily.com/investors.htm
Referral Stats: http://jp-daily.com/referrals.htm
News:
Today and the rest of this weekend are likely going to be very short sessions. I have guests staying and im kinda busy! But I am trying to avoid outright taking the day off, as it shouldnt be necessary and i’d like to keep the momentum we’ve got going the last couple weeks.
More tomorrow!
Regards, Rich”.

The latest news for today came from UnitrustDirect (reviewed here). The program is still flying under the radar to my understanding though paying instantly to LibertyReserve and PerfectMoney already for several months. Maybe it’s because the rates of interest for the shorter-term plans are more than moderate because everything else is just brilliant about the program including the top-notch script and the most secured members’ accounts area in the industry. The recently added trial 102.5% after 5 days plan didn’t make them any more more popular than before, although other plans offer some really nice returns – 107.1% after 10 days, 123.8% after 25 days, 194% after 65 days, 403.4% after 125 days. Possibly to attract more attention to the program and make the personal experience with the program better known to a wider investemnt audience the administration of UnitrustDirect has recently launched a special contest with nice prizes the full rules of which can be read in the latest update from the program posted below:
“Success story
Are you satisfied with UnitrustDirect services and want to share your experience with others? Don`t miss your chance to win the prize for the best Success Story! Send us your personal investment story with your photo attached to get a $10 bonus to your account balance and a chance to win $100 for the best story.
Story requirements
– The story must describe your personal UnitrustDirect investment experience
The story should be at least 200 words long
Photo requirements: 150×150 pixels in JPG, PNG or GIF format. Your personal photo only.”

My internet connection is kinda funny today, guys, because as I said at the start I’m not working from home. This prevented me from updating my monitoring page and posting my daily earnings from the programs listed there. Tomorrow I’m going back to Berlin though, so I’m sure I will be able to catch up with the payments and post the list of the programs that paid me for the last 48 hours. You should also expect the long-anticipated interview with the admin of MirexGroup to be published on MNO. So don’t miss it, guys. Have a nice weekend, everyone, and hope to see you all on MNO tomorrow!