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

Hello everyone! Hope the weekend is going well for you so far. As usual for a Saturday there’s not a great deal to report in the industry, and unfortunately not all of what I do have to report is all that great. On the other hand I still have two brand new programs to tell you about today, one that I’ll introduce to you at the end of the update and another called ProvidentInv that I want to examine in a bit more detail for you now.

ProvidentInv is a short term program that was only added to the MNO monitoring page yesterday (though as today it’s actually been online for six days), and is another one of those ultra fast HYIPs that have become some of the most popular in the industry over the last 12 to 18 months. Love them or hate them there’s no denying the impact they’ve had on the business, nor is there any denying that there’s almost always a good number of investors that make quite a bit of money out of them. Usually of course they’re the ones who know how to play sites like ProvidentInv properly and use them to their own advantage. That comes at the expense of those less familiar with the workings of the HYIP industry but that’s generally how the whole business works anyway so nothing new to tell you about there. Regular readers will recognize the plans being offered by ProvidentInv instantly because of their similarity to numerous other short term HYIPs in recent times.

So the first of these plans runs for the shortest possible term of just 1 single calendar day. You can join it for a minimum deposit of $10 and your interest payment will be included with your principal when both are returned on expiry. ProvidentInv will determine the rate according to how much you invest, with returns including 105% for deposits between the aforementioned $10 minimum and $500, 106% for deposits between $501 and $2,000, and 107% for anything between $2,001 and $5,000. Higher rates are available but if you’re really prepared to gamble with that kind of cash then I would suggest you see your ProvidentInv member’s area for those numbers.

The second plan runs for 3 calendar days this time but can also be joined for a minimum deposit of $10. The return paid on expiry of any invested amount from that up to $500 will be 116%, in which ProvidentInv are including your principal. As you can see it’s only very marginally more profitable than reinvesting in the one day plan for three cycles. In fact were you to reinvest the full amount (ie principal plus profit earned everyday) the difference would be mere pennies. So the only real advantage here is not having to withdraw – and that might not always be seen as advantage by every investor. If you want so spend a little extra in this one then the applicable returns include 119% on amounts from $501 to $2,000, and 123% on amounts between $2,001 and $5,000. Larger investments are accepted (“welcomed” might be a better word, lol!) and for details you can see your ProvidentInv member’s area.

The third plan stretches the term out to 7 calendar days so things begin to get noticeably riskier now, and you will also need to spend a $50 minimum to try it out. Returns are again paid out once on expiry and will include your principal. The basic rate is 137% on deposits from $00 up to $500, though you may also get 144% on deposits from $501 up to $2,000 and 155% on amounts between $2,001 and $5,000. As with the other plans you may spend more if you wish so check the ProvidentInv member’s account area if you do.

The fourth plan runs for 14 calendar days and can be joined for a $100 minimum investment. Payments are made on expiry and will include your principal. Due to the ever increasing risk coupled with the high price of joining I can’t really see this one becoming a popular pick (I mean if it was only $10 to join at least some people would think “what the hell” and take a gamble). But for those who want to give it a try then the return offered on anything up to $500 is 180%. If you spend from $501 to $2,000 the return is 195%, and from $2,000 to $5,000 it’s 210%. Bigger deposits are of course accepted – in fact I’d say they’re probably welcomed, lol! – so check the ProvidentInv member’s area for the figures relating to that.

And finally a plan I personally would describe as best avoided, though by no means let that put you off having a bet on one of the shorter term ones, ProvidentInv take a $150 minimum deposit for a term of 30 calendar days. Payments are offered on expiry of the term and are offered at a rate of 270% on anything up to $500. For investments between $501 and $2,000 the rate is 300% and for $2,000 to $5,000 it’s 330%. And of course ProvidentInv promise to include your principal again as part of that. See the member’s area for any further information on larger deposits if you are interested.

Like the majority of the programs similar to ProvidentInv, they too limit the payment options to just LibertyReserve and PerfectMoney. Payments are not instant but I can tell you that they are pretty fast. Mine were pretty fast so far anyway and no one else has complained about them either. They’re made manually by the ProvidentInv admin so you’ll need to log in to your account first to request it. You are then asked to allow them up to a maximum of 12 hours for it to be sent on to your preferred e-currency account.

On the security side of things the program looks fair enough. AntiDdos who have I suppose become an established name in the HYIP industry by now. Though generally they seem to specialize in programs similar to ProvidentInv (or at least if they’ve ever hosted a long term low ROI program then I’ve never heard of it) their record seems solid enough with few hosting problems to speak of. They have ProvidentInv on a dedicated server. The script is under license from GoldCoders and if you have any other questions for the admin or account related issues then customer support can be reached by filling in the online e-mail ticketing form and submitting it. There’s also a list of e-mail addresses you can write to directly, each one relating to a different subject though it’s probable that they all get read by the same person anyway.

As for the business allegedly behind the program backing the whole thing up, I would suggest you ignore that completely. I know I usually say that but it’s particularly true when the texts are copy/pasted as they are here. It doesn’t mean you can’t make a little extra cash out of ProvidentInv because you most certainly can – six days online paying out to all those members in the shortest term plans is proof of that – but just don’t go looking for something that isn’t there. ProvidentInv is involved in a high risk activity (or should I say those who invest in it are) so as always try and stay within a sensible spending limit when joining. And of course if you’re serious about being an industry player then one way to protect yourself from heavy losses if any one program closes if to keep a diverse portfolio. The other way of course is to just not spend too much in the first place. But overall ProvidentInv stands a good chance of becoming popular as this sort of thing seems to be well liked by a lot of investors. Just remember it won’t be here forever so you need to make up your mind to either get in early or else pass if it’s not your thing.

DAILY NEWS FROM THE INDUSTRY

APENERGYINVEST AND EASYFOREXINVESTMENT SCAMS!

Two programs had to be moved to Problem status on MNO today. They are APEnergyInvest and EasyForexInvestment.

Unfortunately, APEnergyInvest proved to be a big disappointment for me and many MNO readers. I didn’t know it would collapse so fast – just after 80 days online. However it looks exactly that way at the moment when the admin failed to respond to my email about the pending withdrawals. The withdrawals have stopped completely and some of them are pending for over 48 hours which is already outside the program’s ToS. I can only speculate on why but I feel that APEnergyInvest may have overheated from the huge flow of new deposits coming into the program for the last couple of weeks. The program was widely considered as the next big thing in 2012 and the admin even changed the advertising banners recently to reflect this change. It might be the case that he has reached his goal of collecting X amount of money earlier than he expected, so he decided to leave now. Also there is another possibility that many members started withdrawing their deposits and invest in other promising programs that appeared online during the first half of January. In any case, most likely the cashflow was affected for some reason and the admin decided not to continue his program which is really unfortunate to those who lost money there. Honestly, I don’t see a way for APEnergyInvest to recover from the current situation – the time missed and most likely more and more monitoring sites will follow MNO’s lead and move the program to Problem status. Please note that investments in APEnergyInvest are not recommended at this time because most likely the program has scammed already. Needless to say I would very much welcome the admin to prove me wrong.

The second program that has been moved to Problem status today is EasyForexInvestment, a short-term HYIP that managed to survive for five days only. To tell you the truth, I have received the first complaints about delayed payouts from EasyForexInvestment last night but was unable to independently verify them until this morning after which I immediately moved the program to Problem status on MNO so readers could avoid losses and keep any profits they might have already gotten. Please note that since the admin might keep paying to some monitors for some time they might keep EasyForexInvestment on Paying status for a while. But don’t let this mislead you and do not invest in this scam! You’ve been warned!

INTRODUCTION OF SENROSGROUP

Another program has been added to Premium list on MNO today – SenrosGroup. The program launched more than a month ago – in December 2011, and so far it’s paying to LibertyReserve and PerfectMoney with no problems. You might get misled a bit as AlertPay is also available in your member’s area and you are even asked about that upon sign-up, but the admin told me that AP would not be added until they solve their ongoing issues with depositing and withdrawing via credit card which may not happen anytime soon. The investment plans offered by SenrosGroup are as follows: 1.5% for 15 business days for the amounts from $10 to $200, 1.8% for 25 business days for then amount ranging from $201 to $1,000 and finally 2.5% for 50 business days for those brave enough to risk $1,000 or more. As you might have guessed, the original principal will be returned to investors on expiry. Withdrawals are processed instantly which is definitely a bonus. The website’s design is quite good, SenrosGroup is based on an original and unique script, has SSL encryption and is hosted on a protected and dedicated Staminus server by Koddos. More on SenrosGroup will be in the detailed review on MNO soon!

GET PAID REPORT FOR 21/01/2012

Here is the list of the programs I was paid by during the last 24 hours:
From MNO Sticky list: TopWallet, WorldwideCapital, JunixOverseas, MoneyHysteria, RelaxCapital.
From MNO Premium list: TopsFund, OneInv, EurexTrade, FXMoguls, LuxorAlliance, GeniusVenture, FelminaAlliance, WinningProfits, SolidForexLtd, PlexCapital, LucidNature, BensonUnion.
From MNO Standard list: StrongDollars, ProvidentInv.
From MNO Basic list: EtoroGainClub.

And that short update my friends is everything I have to report to you on this slow and lazy Saturday night. See you tomorrow on the most popular investment blog – MNO!