Beware! FinMarks has stopped paying! Do not invest there!

Hello everyone! I hope you’ve all had a good week so far and are looking forward to relaxing now for the weekend. Hopefully it will be quite enough in the industry (no news so often being good news at the weekends) but of course I’ll have whatever news stories are worth reporting for you right here on MNO. Before all that however there’s been a couple of new additions to my monitoring list this past week, and the one I want to look at before this evening’s news is one called FinMarks.

FinMarks is an interesting program that offers a small but varied mix of investment plans. On one hand they have a longer term option that makes daily payments to members depositing there. For the fans of shorter term HYIPs FinMarks have something for them too, the second plan being something of a throwback to the autosurf sites (at least in terms of organization) that were once so popular. In fact FinMarks are the first program I can think of for a while now offering something like this, which on a side note is kinda strange when you think that this used to be “standard issue” for short term HYIPs at one time.

But as the longer term plan is substantially the cheaper of the two options I’ll start with that. I imagine it will be the more popular, even if a lot of investors might have preferred the shorter term one had it been more affordable. It’s called The Daily Withdrawal Plan (quite self explanatory really!) and it runs for a term of 60 calendar days. You can join for a $20 minimum deposit and in return FinMarks are offering a flat rate of 3.5% per day regardless of how much you actually invested. Though it should be pointed out that the maximum deposit is $20,000. On completion of the term FinMarks will then return your principal in a separate transaction, leaving you with a net profit of 210%.

So what does that mean in practical terms? Well, let’s say we make a $100 deposit. In exchange for that FinMarks then will pay you back $3.50 per day, allowing you to break even (ie earn a sum equal to your principal therefore ensuring you can’t possibly lose money) after 29 days, and finish up with $210 in interest payments. Your initial hundred will then be returned.

If you’d prefer a shorter term option that will give you a smaller though at the same time very profitable payout made in a much shorter time, you can look at FinMarks‘ Expiry Withdrawal Plan. You might like the terms but keep in mind that it’s going to cost you – FinMarks will require a $250 minimum to join this one. The investment term runs for 12 calendar days, following which you receive one single payment of 144%. This includes your principal and so leaves you with 44% net profit. Maximum deposit allowed here is also $20,000.

A curious thing that I need to point out about this second plan is that while on first glance it may not look as profitable as the daily payments option, it is in fact slightly more so. At least on a profit per day basis it is anyway. For example if you join the daily plan (60 days) you will take home 210% profit. But if you join the on expiry plan for five cycles – also 60 days – your total profit would be 220%. Probably a moot point if you can’t afford the $250 minimum, but if you can then it’s at least worth thinking about if you like a gamble.

The available payment processors being used to channel money in and out of the program is up to the average industry standard. FinMarks take AlertPay, LibertyReserve, and PerfectMoney. Something else that will probably prove popular with investors is the use of instant payouts, which I can now confirm after receiving my own first payments. You will still need to log in to the FinMarks members account area and request it, but when you do it should be in your e-currency account in under a minute.

The FinMarks website is hosted on a dedicated server with support and protection provided by Koddos. They are also running off the increasingly popular licensed ProBizScript, which has been around for a while and getting a lot more attention from admins now as a decent alternative to GoldCoders. SSL encryption however does not currently feature. Any further questions about that or any account related issues can be raised with the admin by filling out the support ticketing form on the FinMarks contact page. You should also receive a support ticket ID number so you can track its progress and make sure your question is dealt with to your satisfaction.

On the business side of things as is so often the case in the HYIP industry what you can read on the FinMarks website is a direct copy/paste published word for word on other online programs first. Common practice by now, but while we all like a higher degree of originality it’s not really such a big deal. Well, not to me anyway as it’s really no indicator of whether or not the investors will go for it or not. So as always take FinMarks like any other online HYIP, accept it’s a risk, a gamble, stay well within a sensible spending limit and keep the program as a smaller part of a wider more diverse portfolio.

DAILY NEWS FROM THE INDUSTRY

I want to start today’s update from the latest from TopsFund (reviewed here) whose admin seems to be getting really active these days promoting the program. Over the last couple of days some new plans were introduced (11% for 10 days and 0.6%-0.7% for 300 days with principal returned on request) while another popular short-term plan paying 21% for 5 days was scrapped. The original plans from when the program started over four months ago (0.5%-1.5% daily forever with optional principal return after 18 months and 1800% after 360 days) are still valid. Today TopsFund announced another on expiry plan offering returns of 6% for the duration of 180 calendar days, but only with the full amount of 1080% paid on expiry of your investment. Please note that I would strongly not recommend this one and if you consider yourself a smart investor you will avoid it like the plague. There is almost 0% possibility of the admin paying this return after 6 months as announced in the news posted bt TopsFund today:
“NEW Premium 180 Days plan launch !
We pay interest 6% to your account daily for 180 days, total 1080% return. Deposit included the interest return. Limited investment amount available daily and limited time offer.”

Well, it looks like I might be wrong about the payouts processed from NeoProgress. A complaint about a 24-hour delay received from my referral yesterday was resolved by the admin of NeoProgress (interviewed here) today and he processed the payment which was later confirmed by my downline. The question remains though why such delays appear in the first place and why the admin needs to be reminded to pay members on time. I remind you that a few days ago there was an update posted on NeoProgress‘ website about the temporary disabling of instant payouts due to some security concerns which had to be worked on. Well, by the end of the business week (i.e. today) we payouts are still not instant but it’s ok with me as long as they are processed within the 24-hour timeframe which seems to be the case for the most part so far. We’ll see how the situation develops over the coming days and as soon as the instant payouts are restored it will definitely be reported on my blog. The current plans offered by NeoProgress (reviewed here) include 1.5% for 30 business days, 1.8% for 60 business days, 2% for 90 business days with principal returned on expiry. Let’s hope the program will continue like this for a long time.
By the way, the last few days saw the admin get more active and he probably decided to compensate the lack of instant payouts by adding more languages. The fourth language for the website is now Indonesian. There will be more introduced soon and according to the latest newsletter they’re hoping to have about about twenty by the end of the year. Read the latest update in full below:
“Indonesian localization of the NeoProgress website interface completed
We are pleased to inform you that we added to our interface Indonesian language, the following will be German and Italian languages, thank you for choosing NeoProgress!
We plan to introduce about 20 languages more and open for at least another 4 regional offices until the new 2012 year.
Please be patient, after we will setup and configure new server we will enable instant payments again, it will happen within maximum 2 business days. Our tech department working on the problem.
We apologize for the inconvenience and manual payments which are processing every day by our operators, hope for your patience and understanding on all issues, if you have any questions – write to our support team.
NeoProgress Client Support Department”.

The recently launched Sticky listing on MNO has proved successful so I have decided to finish with the introductory prices and make it more elite and available only to programs with proper advertising budgets, so my readers can better distinguish between them and casual advertisers. In addition, I remind you that only the programs from Premium listing are able to buy Sticky listing for a period from one week to one month. Today one more program was listed on Sticky on MNO for a month, HyperCompound (reviewed here). Due to its enormous popularity with investors and the high returns received by me HyperCompound went straight to #1 position on my Sticky listing and became the first ever program that upgraded for a month instead of a week. I remind you that HyperCompound offers quite a complicated system of returns with instant payouts to LibertyReserve and PerfectMoney. In a nutshell for any investment starting from $1 you will be able to earn from 1.5% to 3% + bonus interest for 100 business days with principal returned on expiry. For more information on the program you should read my interview with the admin posted here.

Due to the popularity of the reopened ShoutBox where readers can share their opinions on HYIPs or ask for help I have decided to open a mirror of it on my monitoring page as well. I know that MNO monitoring is as popular as my blog so now you will not need to leave it in order to submit your comments or suggestions. Remember that MNO ShoutBox is open when I’m online, so you will receive a response in 1-2 hours maximum if you submit a question. I can see that there were some interesting discussions there already and I encourage everyone to participate in them to make it more interesting for all. Please note that it’s not a free advertising tool and all links, no matter what they are for, will be removed and the members who do not behave will be banned. Otherwise, you’re more than welcome to participate in the discussions held on the MNO ShoutBox and I hope it will be a useful tool for all.

Something else that has changed on MNO recently, and something I will admit was long overdue, is to make a very explicit addition to my rules of monitoring. I won’t discuss them in depth here as I feel they are very clear and self explanatory, but in light of some recent events I feel this was necessary. I believe MNO is the only monitor to adopt such policies. Any admin who doesn’t like it will find plenty of cheap monitors and blogs with no scruples and can be bought for a couple of dollars. Stick to them, as they will be willing accomplices and collaborators. But not MNO. So if you visit the MNO advertising page here you will see the following message:
“VERY IMPORTANT!
Please be aware of the following rules that will apply to ALL programs listed on MNO, regardless of what category they are listed under. These rules are designed to protect investors, and therefore help keep the online HYIP industry in a healthier state for both investors and fair minded admins of quality programs alike.
a) Any program requiring members to supply them with passport scans, identity documents, utility bills, bank statements, or any form of personal information that can be used for identity theft will be moved to Scam Status and a warning issued on the MNO blog.
b) Any program asking its members to create an API in their payment processor accounts will also be moved direct to Scam Status on MNO and a warning sent to readers.
c) Any program refusing to pay investors to the same account from which they joined will be moved to Scam Status. That means if a member joins using LibertyReserve then telling them they can only get paid by bank wire or check is unacceptable. Paying to another online payment processors will be allowed, but only with the explicit consent of the investor affected.”

Let’s get back to the news now. The admin of EliteGain Jessica announced having 500 members as of today. That might not seem to be such a huge growth after 25 days online but considering EliteGain offers two moderate long-term plans of 3%-5% for 40 business days and 7%-14% weekly forever I would say that the reported growth is at least real and not inflated. I think EliteGain has a lot of potential myself as it accepts three popular payment processors (LibertyReserve, PerfectMoney and AlertPay) starting from $1 which is affordable to every investor. Most of the time withdrawals from EliteGain are processed instantly while other times it might take up to 24 hours. In addition, everybody can earn more by referring and promoting the website in their own Paid-to-promote program which gives you credits for every visit to the website made by your referral link which is later to be converted into cash. The latest newsletter from EliteGain (reviewed here) can be read below:
“500 Members
I am very glad to announce we have crossed milestone of our first 500 active members. We are rapidly growing and currently we are hosting our fourth session of week-end bustling contest.
PTP Program:
Although this has already been announced, but I would like to remind members that they need to acquire an easy-to-get PTP approval, so they can start earning from our PTP program. You will see request approval link next to PTP status in your account home page.
You will earn $0.001 USD ($1 USD = 1000) and 1 contest-credit per unique visitor. Cash earnings from PTP can be withdrawn at anytime (min. $0.01 USD). We are also paying lucrative 4%, 2% and 1% (3-tier) referral program.
EliteGain has been paying instantly to AlertPay and LibertyReserve but PerfectMoney withdrawals are paid everyday using masspay by me, and this is like this since day first, So there is nothing to have any concerns and, we are working on having PerfectMoney to work instantly as well in coming future.
Regards, Jessica Parker.”

BaseBucks (reviewed here) issued another update today announcing results along with news of the upcoming MTV program which is scheduled to be launched in December and which I would strongly recommend against joining. Despite the seemingly well organized plan I believe that the admin of BaseBucks who also ran JPDaily in the past (read my interview with him here to see proof of that) is a serial scammer who would launch a program in Black December in order to collect fast money from the members and fans of BaseBucks. Despite his requests, I have already refused to monitor his new program and would strongly encourage MNO readers (especially those who suffered from the previous JPDaily and InvestProker scams) to stay away from it. Here is the only part of the update regarding some stats for BaseBucks members I want to publish on MNO:
“BaseBucks – November 4th
Todays payments are complete!
(Included in todays result is Saturdays payment!)
2.00% Global Result
+ 50 Fast Track Payments
We have now completed 378 investments their full 200% return using our Fast
Track System; View them all here: http://basebucks.net/log/closed
BASEBUCKS NEWS
ADVERTISERS, We are running a proof of concept promotion for our on-site banner advertising. Add your fixed, non-rotating, banner in front of over $30,000 worth of active LR investors for as little as $2 per day!
Top of Page, Fixed Banner:
$2/day, $11/week, $40/month
http://www.basebucks.net/advertise
Referral Commission: 10%
Active investors can earn 10% commission on any ad sales they refer. Give advertisers the following ref link, replacing U00000 with your LR account number; http://www.basebucks.net/advertise?U000000
And, 100% of advertising revenues are added to our daily results. So help find us some advertisers to speed up your ROI.”

Here’s the list of the programs that paid me for the last 24 hours and retain Paying status on my monitoring page as of now:
WebCorporate (the first payments received), HyperCompound, FreedomReserve, PerfectLottery, BrantonsGroup, EurexTrade, ReProFinance, BonusPayMe, RapyWealth, SapaInv, BaseBucks, VirtualPayments, LightWaters, TopsFund, OneInv, GlobalFxTrades, PokerProfits, WorldwideCapital, FinMarks, KistFunds, NeoProgress and SolidForexLtd (the first instant payment received).

That’s all I have to report for today guys. Thanks again for your active participation on the MNO ShoutBox and I hope to see you all again tomorrow. I’ll have a review of a new short-term program WebCorporate which I’ve just first payment from along with the daily news from the industry. Thanks for your support, everyone, and see you soon!