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

Hi everyone! I hope you’re all having a good weekend so far. Before we get to the day’s news update (which is a little thin on account of it being Saturday and a lot of admins slowing down for a couple of days) I want to look at another short term HYI program added to my monitoring page a couple of days back called WebCorporate which is what I want to look at first.

All of WebCorporate’s plans pay on expiry of the relevant investment term. Interest rates will be based on the size of your deposit, but the minimum is quite affordable for all of them. We start with one that runs for just 1 calendar day. It will set you back a $10 minimum to join and for anything up to $200 they will pay you back 105% interest on expiry, a figure which includes your principal. So invest $100 today and get $105 back tomorrow. For anyone prepared to make a larger investment the following rates apply:
You can earn 106% on $201 to $500, 107% for anything between $501 and $1,000, and 108% for deposits between $1,001 and $3,000. WebCorporate will accept anything up to a $50,000 maximum with a top rate of 130%. See your members area for details if interested.

The second plan runs for 3 calendar days. It requires the same $10 minimum to join, and for anything up to $200 WebCorporate offer 116.5% paid on expiry, principal included. For deposits between $201 to $500 you can expect 119.5%, for anything between $501 and $1,000 the rate is 121.5%, and from $1,001 to $3,000 it’s 124.5%. See your member’s area for details of larger deposits if you’re interested, but the maximum investment is $50,000 which carries the top rate of 300%.

Next up is a plan that runs for 8 calendar days. For a $10 minimum deposit WebCorporate offer a payment of 148% made on expiry, a rate which applies to anything up to a value of $200. A rate of 156% is offered on deposits between $201 and $500, a rate of 164% on anything between $501 and $1,000, and 172% for $1,001 and $3,000. Check your account for information on anything bigger than that, but the maximum spend is $50,000 and the top rate is 700%.

Plan number four from WebCorporate pays on expiry after a 15 calendar day term and again carries the same $10 minimum price tag. An investment of anything up to $200 will be offered a 197.5% interest rate, principal included. Deposits between $201 and $500 are offered 212.5% interest, deposits from $501 to $1,000 are offered 230.5%. You can see details of the other offers from inside your WebCorporate account area, however the maximum deposit is still $50,000 and the top rate is 1500%.

And finally the two remaining plans are perhaps better shall we say left to one side. I’ve mentioned this a number of times in the past as there have been several HYIPs by now to offer very similar if not identical plans to these two – but the fact is that none of them have ever succeeded in paying a dollar to anyone other than the admin, and I expect WebCorporate to be no different. But purely for informational purposes, one runs for 31 calendar days, and the other for 60. You are asked to “invest” (a term I use loosely!) anything from $10 to $50,000 in either, and are offered one single payout regardless of the amount. For 31 days it’s 3,500% and for the 60 day plan it’s 12,000%. Obviously that’s not going to happen but don’t let that put you off a more reasonable gamble in one of the shorter term plans either.

Payment options are to be blunt a little basic. WebCorporate only accept LibertyReserve and PerfectMoney. Payments will need to be requested from within your member’s area. Payments should then be made in a timeframe of not more than 24 hours. In fact to get a better idea of when this should be done you will see a 24 hour counter on the WebCorporate home page, just like that seen in a number of similar programs. The counter goes backwards from 24:00 to 00:00, at which time all payments are made provided you got your request in on time. It can also serve as a pretty good early warning system should anything start to go wrong with the payments as you really shouldn’t be waiting any longer for them than that.

WebCorporate is running off a licensed GoldCoders script and their website is fully SSL secured. They are also hosted on a dedicated server with support and DDoS protection supplied by AntiDdos. The best way to connect with the admin is by filling out your details on the e-mail ticketing support form found on the contacts page. WebCorporate also have a telephone number listed on the site. Perhaps the only thing they could do without is the awful elevator style music, which is annoying at best and probably slows down anyone not on a fast network.

Texts are original (what little there are of them) though as usual for short term HYIPs give next to nothing in the way of any real information about the program’s history and background. The briefest of paragraphs vaguely touches on “operations in the currency market” and says little else. So I think we know what to expect here. I’ll just remind you as always when playing with online HYIPs do so with sensible amounts of money that you have to spare and try to use WebCorporate as part of a wider more diverse portfolio. Anything can happen here and probably will!

DAILY NEWS FROM THE INDUSTRY

It looks like the planned LibertyReserve maintenance that despite lasting for only a few hours still disrupted the work of many successful HYIPs today. The information about this scheduled maintenance was published on the official LibertyReserve blog and was also republished by some admins whose programs were affected. One of the fast-paying programs VirtualPayments which offers 3.7%-5.7% for 90 calendar days with principal returned on expiry notified its members but by now all the pendings to LR have been processed:
“VirtualPayments, Inc – Liberty Reserve Maintenance!
Liberty Reseve service is undergoing scheduled maintenance, will be unavailable on:
05 November, between 07:00 (am) and 10:00 (am)(UTC).
After the end of the maintenance , we make all payments through Liberty Reseve.
Thank you for choosing our company to investment!
Best regards, VirtualPayments, Inc.”

It looks like this LR maintenance may have helped destroy at least two good short term programs – SapaInv and RapyWealth – which ran for weeks under I think definitely the same administration (the sites were even hosted on the same server). Straight after LibertyReserve came back online LR instant payouts stopped while PerfectMoney payouts continued for some more time but stopped now too. I cannot state how much this downtime affected both RapyWealth and SapaInv but to some extent it’s definitely true and perhaps the end of the week with the usual slowdown in deposits also contributed. Since both programs were run by the same admin which I expected they might finish on the same day which is exactly what happened. It’s bad to see such programs go, but at least the weeks of payments brought a lot of profits to many lucky investors of both programs. But for some reason it all has to end today.

UnitrustDirect which is a proven selectively paying scam at the moment with at least two confirmed unpaid persons continue pulling every trick to squeeze every last penny from investors who might be fooled by the few collaborating monitors ignoring such complaints, so be careful about that and don’t trust them or their accomplices. Today, for instance, I discovered that apparently now all deposits in UnitrustDirect are seemingly insured by some company. Well, don’t let this mislead you as a real insurance company will have nothing to do with illegal ponzi-scams like UnitrustDirect the admin of which keeps lying and deliberately misleading his own clients. Don’t be fooled by this nonsense posted on UnitrustDirect‘s website and even if you’re still among those getting paid just collect the profits while you can, then leave. Oh, yeah! No information about where to find this “insurance company” when you finally need to make a claim is included. What a surprise! If you need to find them I suggest you start by looking in the admin’s imagination, lol! Because apparently it was too much of an effort to list an address, website, phone number, e-mail address, and the name of the broker handling the account:
“Investment Insurance
UnitrustDirect and Insurance Brokers Investments Limited Company are pleased to introduce Investment Insurance service that can considerably reduce the amount of risk that you are taking with your investments due to market turbulence and possibility of `act of god` circumstances.
Investment insurance guarantees that you will receive the full return on your investment including the interest, whereas Reserve Fund guarantees capital repatriation only.
Investment insurance services are provided by Insurance Brokers Investments Ltd., a leading insurance agent and broker for businesses in the areas of property, wealth management and retirement planning.”

I remember that ReProFinance (reviewed here) also tried to pull this trick on their investors and reported news of a possible collaboration with ING, one of the largest financial companies in the world. This claim was (of course!) later refuted by ING’s representatives, tainting the program’s reputation badly in the process. This was still not enough to bring it down as ReProFinance still keeps paying 1.6%-2.3% for 90 business days and 1.8%-2.5% for 180 business days plans (with principal back on expiry) and in most cases the withdrawals to LibertyReserve, PerfectMoney or AlertPay are still processed instantly. Such long-running programs like ReProFinance deserves all the appreciation of the investors who profited from it but it would be stupid to buy all those stories about a real investment company backed up by real trading. However, it looks like if an admin wants to succeed in the HYIP industry he needs to maintain the interest of large investors by creating fairy-tales. And even though it’s already mentioned many times that Revendor is not a real company authorized to provide financial services for their clients and that it’s operating in contradiction Belize law the admin of ReProFinance (read my interview with him here) keeps writing about such activities. Today for instance a report was published similar to the quarterly financial reports of real investment companies obviously in order to impress the larger investors. It’s really funny to read how the program with millions of dollars in turnover is not authorized to do any financial activities by laws of any countries but keeps doing it anyway (possibly hiding in securely hidden bunkers, lol). Anyway, I would suggest not to pay any attention to such promotional updates published by ReProFinance and only pay attention to the program’s current status on MNO which at the moment is paying and hopefully will stay this way for a long time:
“ReProFinance reports on Q3 results
ReProFinance summarized the work undertaken in Q3 of 2011 and published the results to continue its transparent business policy. Clients have a chance to track financial dynamics of ReProFinance.
The analysts of the company estimated turnover for the third quarter at $ 31.5 million dollars. Net profit was $ 3.6 million. The amount of the equity capital in the structure of the assets was 53%. Increment in profit in Q3 was 24,5% compared to Q2 of 2011.
Speaking about the absolute numbers it is necessary to mention that during the last quarter ReProFinance increased its staff up to 63 employees, opened its representative offices in 5 new countries and decreased the queueing time of customer support responses by half.
The amount of the average deposit during Q3 was $1450 and thus increased by 18% compared to Q2. At the same time more than two thousand people have already completed their 90-day investment periods more than 4 times and received profit.
According to the estimates of company analysts in Q4 it is expected an increase in the average deposit amount, and growth of the turnover by 15-18% more. We can also expect an increase in the number of regional representative offices of ReProFinance worldwide and a rise in company profit resulted from pre-Christmas rally on forex market and stock exchanges.”

Some readers asked why they were not credited with their daily interest by FelminaAlliance (reviewed here). You might remember that in the latest weekly update there were four days off on when the usual profit of 1%-1.6% for 180 business days would not be credited to members’ accounts. It looks like the admin of FelminaAlliance published more info about that on the website just to calm down investors who didn’t read the newsletters regularly issued by the program. So, the names of the observed holidays and the dates were given in the latest update posted on FelminaAlliance recently:
“Separation Day and Flag Day in Panama.
Please be informed that no interest will be paid today, Thursday, November 3, 2011 and tomorrow, Friday, November 4, 2011 as these would be the Separation Day and the Flag Day, official holidays in Panama. We observe all official holidays in the United States and Panama. According to our terms of service, interest is paid on Monday through Friday, except for the official holidays we observe. Full list of holidays that we observe can be found in the FAQ section on our website.”

Those who made an investment to any of the plans offered by SingInvest (reviewed here) through SolidTrustPay – 1% for 50 days or 1.5%-2% for 120 days with principal returned on expiry – are advised to contact the admin and give him permission to pay you to another payment processor accepted instead, be it PerfectMoney, LibertyReserve, AlertPay or c-Gold. It looks like SingInvest‘s account in SolidTrustPay was temporarily blocked due to an ongoing investigation and therefore the interest can’t be paid to members’ STP accounts anymore. In order to compensate for the inconvenience the admin of SingInvest is going to credit the original deposits made via SolidTrustPay with a 5% bonus when crediting it in the e-currency of your choice. I think it’s a very fair solution and I just hope that STP will be able to return the funds back to SingInvest as soon as possible which will hopefully not affect the program financially. Anyway, for me personally the admin transferred the deposit from STP to LR pretty fast and the latest withdrawal to LibertyReserve was also processed instantly as usual, so hopefully SingInvest will be able to continue. Please the below update carefully and follow the instructions if you are affected:
“SolidTrustPay issues
Hi, We are experiencing now some problems with our STP account. We got some deposits from fraudulent STP accounts and our account is temporary blocked while STP is performing their investigations. We are working hard to restore our account, but it will take some time.
How this affects STP users:
We do not accept new STP deposits until further notice.
All STP withdrawals are processed with delay. Most likely we will not be able to process any withdrawals till Monday.
We offer all investors with STP deposits to perform exchange of their deposits to another e-currency we support (Liberty Reserve, Perfect Money, AlertPay, C-Gold) with 5% bonus. For example, if you have $200 STP deposit we can exchange it to $210 LR deposit and all you further earnings will be calculated and paid in LR. Please reply to this email if you would like to take this offer.
Sorry for inconvenience.
Best Regards, SingInvest Support Team”.

Here is the list of the programs that paid me for the last 24 hours:
ReProFinance, BrantonsGroup, EurexTrade, StableProfit, FreedomReserve, WebCorporate, NeoProgress, FinMarks, EliteGain, VirtualPayments, SingInvest, HyperCompound, TopsFund, OneInv, PokerProfits, BonusPayMe, KistFunds, SolidForexLtd, WorldwideCapital, LightWaters and ExtraDeposit (the first instant payment received).

The newest addition to my Premium list is a program called ExtraDeposit. The program was added to MNO immediately after opening and offers different plans with 7.5% to 15% daily payouts for the duration of 20 calendar days. Only LibertyReserve and PerfectMoney are accepted by ExtraDeposit starting from $10 and your daily return is fixed, depending only on the size of your deposit. Remember that your principal is already included in the daily returns and will not be returned on expiry. The payments are promised to be processed instantly or within 24 hours. The program is running off a licensed GoldCoders script, the site is SSL-secured and is hosted on a dedicated server by AntiDdos. I’ll have more about ExtraDeposit in my upcoming review planned for Monday.

As for tomorrow, MNO readers will be able to read the full review of VirtualPayments and the regular daily news from the HYIP industry. Stay tuned and see you all tomorrow!