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

Hi everyone! Before this evenings news update I’m going to look a bit more closely at a newly launched long term HYI program just added to the MNO monitoring list called LedgerWallet. It’s a fairly standard program in terms of what they offer their members so let’s discuss the finer details and see if you think it might be worth adding to your portfolio.

As for the investment plan itself, well that’s pretty straight forward as LedgerWallet only has one of them. Though there’s a couple of variations based on the amount of money you wish to spend. Once you join and deposit your money is then tied up for a minimum term of 75 calendar days during which you will receive an interest payment on it on a daily basis. You can join LedgerWallet for a $10 minimum deposit and for anything up to a $200 investment expect a return of 1.5% per day. At that rate you can expect to break even (ie earn an amount equal to your principal meaning you can’t possibly lose money no matter what happens next) 67 days into the term. The final profit should amount to 112.5% at which point LedgerWallet promise to return your initial investment.

And that’s more or less how the program works regardless of how much you spend, the only difference being the interest rate goes up if your investment does too. For example anyone depositing an amount between $201 and $500 would be offered a daily payment of 2%, also for a 75 calendar day term. This allows them to break even after 50 payments and complete the term with interest totalling 150%. LedgerWallet should then return your original deposit.

If you’re prepared to invest between $501 and $5,000 then LedgerWallet‘s rate jumps to 3% per day, also for a 75 calendar day term. At that rate the investor can expect to break even 34 days into the term and complete it with a final earning of 225%. At that point your principal is again returned.

And finally for the big spending players out there looking to spend from $5001 up to the maximum allowed by LedgerWallet of $10,000 the daily interest rate will be 4% per day for the 75 calendar day term duration. That might be a bit rich for most HYIP industry users but for the record that would allow you to break even 25 days into the term and finish up with a total profit of 300%. Again LedgerWallet should add your principal to that on expiry.

As is typically the case for longer term HYIPs the choice of payment processors is a bit on the basic side. Your choice is limited to just LibertyReserve and PerfectMoney. Bank wires are also mentioned, and while personally I don’t know anyone who uses that method to play the HYIP industry I guess you can contact the LedgerWallet admin for further information about that. Payments are not instant, despite the banners that say they are. It’s not specified how long they should really take though my own were fast enough so far. One thing I would like to say to readers is that LedgerWallet also appear to be pushing another previously unknown processor caller eDollarPoint, and they’re doing this based on the claim that their own investors are demanding it. Well, I find that a bit hard to swallow. Investors who until yesterday had never heard of such a processor are now asking for it to be introduced ahead of such established industry favorites as AP and STP? Sorry, but there’s no way I’d fall for that. However while I will not try and imply there’s any connection between eDollarPoint and LedgerWallet, (you can all do your own research on that if more interested in it than I am) this payment processor looks like a bad scam to me and should be avoided no matter what program is using them.

So far as regards the plans and payment options we can see little to differentiate LedgerWallet from I don’t know how many other long term HYIPs. That gets turned around when we come to the design and security of the program, except unfortunately it’s not in a good way. The program is running off an original script which if fine, but does not have any form of SSL security. That plus the fact that it’s hosted on a shared server along with no less than 14 million other websites can only be seen as a major drawback by the more experienced investors checking them out. The design is also very poor with no functioning FAQ section. Yes, there is an FAQ tab, but it doesn’t do anything and no practical information is available for managing an account with LedgerWallet. So there’s still quite a lot of work in front of the admin if he wants his program to be taken seriously, and whether he does it or not in the coming days will tell investors pretty much everything they need to know about what his real intentions for the program are. If you have any questions for the admin yourself or account related issues then you can get in touch with him by filling in your details on the form provided on the contacts page and submitting it.

Content, what little there is of it, looks to be copy/pasted from a variety of other sources, casting some considerable doubt over LedgerWallet being anything other than another online HYIP with all the usual risks that that entails. So as always the final decision to what to spend rests with you and as usual I suggest you fix a modest and affordable limit that you stick to rigorously and always try and keep a wide and diverse portfolio.

DAILY NEWS FROM THE INDUSTRY

I guess we’ll start with the news from Royalty7 (reviewed here) the admin of which paid me the last payment on expiry of the 7% for 22 business days and together with several completed cycles on another available plan paying 110% after 7 calendar days the program remains a very strong competitor in the HYIP market. Despite quite a high minimum of $25 required to join, Royalty7 remains a very popular program among MNO readers and I guess that has something to do with all the payment processors accepted by the program – AlertPay, SolidTrustPay, PerfectMoney and LibertyReserve. The admin’s professionalism in processing payments quickly and the gradual increase of advertising along with sustainable plans and a unique script makes it a winner and very strong contender for 2012. Today the admin Michael has upgraded his program to Premium status and so has an opportunity to be interviewed by MNO next year – an interview which you wouldn’t want to miss as Royalty7 has a very bright future ahead judging by the support it’s getting from the members at the moment.

I have kinda mixed feelings towards the last newsletter from administration of RiskCapitalFund (reviewed here) tonight. I remind that the program itself is considered of high quality among investors. The question is whether such a program paying 150% after 25 calendar days is about to become the next short-term Christmas scam and leave the investors without profits at all and scam even before the completion of the first cycle. There were some hot disputes regarding that and no general consensus was achieved so far. Well, I guess we will find out soon enough as the first payouts to the first lucky/unlucky investors are scheduled to be processed in a few days from now and hopefully they will find some profits in their LibertyReserve, PerfectMoney, SolidTrustPay and AlertPay accounts right before Christmas. So today I was quite surprised to get a lengthy email from RiskCapitalFund discussing the advantages of the program’s own PTP program and the growing rate of regional representatives and announcing the addition of SolidTrustPay to the list of accepted payment processors. In my opinion the first big update would have been more logical after Christmas when hopefully the first payouts on expiry are going to be processed. The purpose of the current update apart from showing off the validity of RiskCapitalFund and sending Christmas greetings to members I honestly can’t understand. I don’t believe that any investor in their right mind is going to deposit a dime in RiskCapitalFund at the moment when there is only a couple of days until discovering the real mystery of that program and its plans to pay for a long time or becoming the most successful short-lived scam in December. We will wait and see but meanwhile read the latest newsletter from RiskCapitalFund issued just days before the first payouts are due:
“RCF wish you joy, happiness, love and profits
Dear investors,
The financial services industry, mainly in the USA and Canada, but also in the rest of the world, has been witnessing the emergence of a great number of non-traditional players and, according to a DataMonitor recent article, there’s a different landscape in each country but there’s also a general trend that shows usually one sector opening up with a more competitive activity than others. The current trading services will have to make room for “the new kids on the block”, which means the development of banking technologies allows new ventures to enter the market relatively inexpensively, survive the competition and, at the same time, use these new technologies to provide innovative investment opportunities to the market.
This newsletter is exactly to introduce some new features of RiskCapitalFund, developing our site’s features is required to survive the competition of the market. We recently added a new e-currency called SolidTrustPay and our investors can now use them to make investments and receive withdrawals. They are a very solid payment processor and a STP account can be funded with a bank wire, which helps many of our investors.
Some of our members don’t know but RCF offers a PTP (paid to promote) system. Basically, we pay you for sending traffic from a list of verified sites to RCF. When you login to members area, you will see a link to our PTP program on the left menu. As you can see, there are three categories of sites, A, B and C. For every 1000 unique visitors from category A sources you send us, for example, you will earn $1.5. The other categories and the list of approved websites can be seen in our page.
We are very satisfied with the amount of representatives joining us every week and we expect to have at least one representative from most countries of the world within a few months. Contacting a representative is good not only because you can talk about RCF in your native language but also because it will give your investment a much more personal touch.
At this time of the year, many people around the world start making their New Year’s resolutions and so do we. Our main ideas for the upcoming year are to launch a few promotions that can earn you some prizes and extra benefits at our program, we don’t give many details right now but very soon you will see them inside our promotions page. Our most important New Year’s resolution is to turn RCF into a multi-million dollar program and thus one of the biggest programs available on the internet.
New Year’s Eve is also the perfect time to say thank you and we would like to thank you for trusting our program and being a part of RiskCapitalFund. A good program is made of the right administration, a good and safe script and attractive graphics but the whole architectural effort would be useless if it wasn’t for people like you. It’s people like you who make RiskCapitalFund possible so in the name of everyone involved in our project, directly or indirectly, we would like to thank you.
RiskCapitalFund management team wishes its investors and promoters a Merry Christmas for those who celebrate it and a New Year full of joy, happiness, love and, of course, profits.
Cordially, Lenny Gautier. RCF Founder”.

Despite of the usual pre-Christmas slowdown many programs do everything possible to persuade their clients that they have exactly the opposite situation and have an increased workload instead. We can only guess if it’s true or just another way of comforting any investors who are rightfully hesitant about putting their money into HYIPs during this time. Anyway, JackPotProject has been online for over a month already and has been paying fine to LibertyReserve and PerfectMoney on three investment plans with principal return on expiry – 1.25% for 30 days, 1.5% for 50 days, 1.76% for 75 days. As you can see from the program’s lifespan the first investors of JackPotProject (reviewed here) were already in profit and I hope any other investors thinking of joining the program in the near future will not regret this decision either. Here is the latest news posted on the website recently:
“The activity of our customers increased on 64%
Hello dear clients of JackPotProject. The activity of our customers increased on 64% according to our statistic which is an obvious sign of our stable growth and getting popularity. More than 30 new clients preferred our company daily and open an accounts with us in order to increase own money with our specialist. Now our investment portfolio counts $120 000 and this fact gives us confidence in our stable future. Thank you for staying with JackPotProject”.

Many updates from admins at the moment are on the subject of Christmas and everything connected with it, and most seem very generous when it comes sending their best wishes. Definitely the best long-term program of 2011 ReProFinance (reviewed here) which has been running for more than 18 months already sent his Christmas and New Year greetings. Investors in ReProFinance should be really grateful for their nice profits which they received from the only program in the HYIP world to fully survive this year and only becoming more popular day after day. Paying on three investment plans – 1.6%-2.3% for 90 business days, 1.8%-2.5% for 180 business days, 2.2% for 60 business days – with principal returned on expiry and instant payouts provided to LibertyReserve, PerfectMoney and AlertPay. That ReProFinance managed to achieve such heights out of hundreds other programs is simply remarkable. And though the upcoming investors’ conference in Dominica in the end of January 2012 is treated by many investors as a warning sign one cannot deny that throughout the last year and a half ReProFinance did a remarkable job and the administration is surely among the best in the business (you can read my full interview with him here). Here is the update from ReProFinance posted on their website tonight:
“Christmas is coming! We congratulate our clients
ReProFinance company moves onward to meet 2012 with Christmas wreaths and active trading on financial markets during the pre-Christmas rally.
Owing to the bullish trends and an increased activity of market players we fix the excess profits and smoothly wind up the year. Soon we will celebrate Christmas and New Year and it means that earnings couldn’t have come at a better time for our investors. Through the bright lights of the garlands decorating all the cities where our representatives work we see a future development of ReProFinance in 2012 the first month of which will herald not only a new stage of the company development but also make ReProFinance more open and closer to the investors owing to the coming Caribbean conference in Dominican Republic.
During the ending 2011 the assets of ReProFinance increased 14 times, the client base – 3.5 times, the staff of the company 3 times, and the profit of the company increased by 39% compared to 2010 which was also successful for ReProFinance.
The number of regional representatives increased to more than 400, and at the same time we render our services to the clients from more than 143 countries.
Active growth that was continuing throughout the first half of 2011 allowed us considerably develop our business and successfully continue working during the second half of 2011 while European economics had some difficulties. We created the risk management and asset management systems developed throughout the years for use on stock markets.
On the threshold of Christmas we would like to wish all the investors to make all your desires come true! We wish you to get everything you want for the money earned with ReProFinance and put it under your Christmas tree. The far-sighted clients now have an opportunity to think over the coming year and invest money in new funds or bonds to receive even more profit next year.
And we sincerely wish Christmas and New Year bring you only positive emotions, new friends and partners, as well as a confidence in the future. Happy Holiday, dear investors of ReProFinance!”

The admin of ProfitableSunrise Roman (you can read my full interview with him tomorrow) is looking forward into the new year which will hopefully be profitable for the members of his program invested into 1.6%-2% for 180 business days with principal returned on expiry via LibertyReserve or PerfectMoney. The program has been reviewed on MNO already (click here to read it) and so far it has been paying like clockwork. So here’s the latest from the admin of ProfitableSunrise:
“ProfitableSunrise – Merry Christmas!
Dear Friends,
As the holiday season approaches, I quite often find myself looking back at the past year and thank those who made the success of ProfitableSunrise possible.
On behalf of the team behind ProfitableSunrise I would like to tell you that we value you as our member and treat you as a friend. We never miss the opportunity to thank you for your trust, understanding and support.
We believe that next year will be even more successful and profitable for both you and us. We are looking forward to working with you for many years to come.
We wish you and your families and loved ones Merry Christmas and Happy Holidays. Let the new year be filled with faith, trust, peace and love.
Roman Novak. ProfitableSunrise Founder”.

The admin of LifeTimeProfits Lara (her program was reviewed on MNO here) also sent her best wishes for the holidays to her membership and ensured that Christmas holidays would not affect the earnings from their LibertyReserve and PerfectMoney deposits in 3%-5% for 50 business days plan. It’s good to see that not all the long-term programs actually use the holiday opportunity to save on expenses and there are some programs like LifeTimeProfits that don’t use Christmas as an excuse not to pay their members. Here is the latest update from them:
“MERRY CHRISTMAS !!
We want to wish a Merry Christmas for all our investors , and a season full of joy and happiness; may our Lord Jesus bring the peace to our hearts and therefore to our world.
Regarding Christmas Holidays, kindly be informed that our interests will not be credited ONLY on 24th and 25th December (falling anyway in weekend and already non-business days), while all the other days will be normal working days for us; This is to ensure some required profits for our investors in holidays season.
Hope you enjoy the holidays…
Merry Christmas !!! Hahaha.
Lara. LifeTimeProfits”.

Not only online investment programs have a reduced holiday working schedule. On the official blog of SolidTrustPay I found some interesting information regarding the working hours on business days (Mon-Fri) during the holiday period. I think it’s important information for all STP users so I’ve decided to republish it below for your convenience:
“STPay Holiday Hours
Season’s Greetings from SolidTrustPay!
With the upcoming holiday weekend almost upon us, we would like to remind our customers of our holiday hours. SolidTrustPay will be open regular hours with the following exceptions:
December 22nd Phone Support Office: CLOSED LiveChat & Ticket Support: 8:30am – 5:30pm EST
December 23rd All Offices: CLOSED
December 26th All Offices: CLOSED
January 2nd All Offices: CLOSED
These closures will affect bank transfers and verification document processing, however credit card deposits will continue to be processed in 4-24 hours.
We would also like to take this opportunity to wish our customers a happy holiday season and thank you for your patronage. We look forward to serving you throughout this season and the new year!”

It looks like the administration of AlertPay is doing everything possible to persuade clients they have nothing to worry about after a scandalous article published in a Canadian newspaper (click here to read). The possible impact was already discussed in more detail in an MNO blog article posted here. So failing to provide proper credit card deposit and withdrawal options for clients, AlertPay finally went with the decision to announce a pre-order process on their new Prepaid Debit Cards as announced on AP’s official blog yesterday. It should be emphasized that this is just a pre-ordering process available for AlertPay’s members in 48 countries of the world. Please note that cards will be available in testing mode only and you need to apply in order to get selected for one. This is definitely not exactly what clients of AlertPay expected but it’s still better than nothing. Here is the full article taken from the official AlertPay blog:
“New AlertPay PrePaid Card
As always, the AlertPay team is working hard to provide our members with the products and tools they need to make online payment processing safe and efficient. That is why we are pleased to announce the pre-registration phase for our new AlertPay PrePaid Card is now open.
What is the AlertPay PrePaid Card all about?
The AlertPay PrePaid Card is a new way for AlertPay members to access the funds in their e-wallets quickly and conveniently, no matter where in the world they are located. The card, which will be available in both CAD and USD currencies, will allow members to instantly load funds on to the card from their e-wallet, and spend or withdraw money at any debit machine or merchant that processes VISA.
Members can load up to $5,000 CAD or USD on to the card, directly from their AlertPay E-Wallet, and shop anywhere VISA cards are accepted. This new product will allow our members to make online or in-store purchases anywhere in the world without exposing their personal information.
To protect shoppers making in-store purchases, the cards are protected by a PIN code. Before an in-store purchase can be completed, the AlertPay member must enter the PIN code to confirm their identity.
AlertPay PrePaid Card holders have all the benefits of having a credit card with none of the hassle! There is no monthly payment and no interest.
How do I know if I am eligible to pre-register for the AlertPay Card?
Pre-registration for the cards is now open to select AlertPay members in nearly 50 countries, but the number of cards available per country is limited.
Selected members will be notified that they can pre-register by a banner that will be displayed when they log in to their AlertPay account. If you are selected, and are interested in trying our new and exciting payment option, all you have to do is click on the banner and follow the simple steps to pre-register! There are no fees associated with pre-registering for the card and no card activation fee.
How much will the card cost, once it is available? The AlertPay PrePaid Card will be available for ordering at $20 USD/CAD.
Want to learn more? Check out the list of countries where the AlertPay PrePaid Card is available and learn about fees and limits.”

I was paid today by the following programs:
ReProFinance, APEnergyInvest, TopWallet, HyperCompound, EVBusiness, LifeTimeProfits, EurexTrade, OnlineInvest, SolidForexLtd, ProfitableSunrise, FelminaAlliance, PaidJack, ForexReflex, HYIPInnovation, WorldwideCapital, TopsFund, OneInv, FXMoguls, AmbrianInvestment and WalesFinance (the first payment received).
Also please beware of the fast Christmas scam BestBetFund which was only listed on MNO for two days and already scammed today. Do not invest there!

That is all I wanted to report for tonight. Stay tuned for the interview with the admin of ProfitableSunrise which is scheduled to be published on MNO tomorrow, so see you all then!

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