24/04/2012. FinBay Review and Daily News from the Industry

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

Hello everyone! Just a couple of news stories for you this evening, but before we move on to them I want to have a more detailed look at another of the shorter/mid-term programs to join the MNO monitoring list recently. It’s called FinBay and it’s got some quite nice features to it and a quite unique appearance. Something I wouldn’t usually comment on, or even notice for that matter, (maybe I’m getting soft these days, lol!) is that FinBay also have just about the cutest homepage anywhere in the HYIP industry too! But seriously there’s quite a bit more to this one, and I think it definitely deserves a second look as they have plans that are lucrative, sustainable, but as those plans get progressively riskier FinBay keep them affordable.

The process of actually joining any of FinBay‘s plans, of which there are three, is a little different to what most readers might be used to. I’ll get to that in a few minutes, after I go through the numbers and explain what they are offering investors and what it’s going to cost you to find out if FinBay are genuine or not. So we start with The Weekly Fixed Plan. This runs for 7 calendar days and will set you back a minimum deposit of $10 in order to join. FinBay will then pay you back just once on expiry of the term, making a payment of 112% interest, principal included. So in other words spend let’s say $100, and then get back $112 a week later. Though if you’d like to try your luck with something a little meatier then the maximum deposit is $1,000.

Also available for a $10 minimum spend if you fancy something that’s a bigger gamble is FinBay‘s second choice, called The Biweekly Fixed Plan. It runs more or less like the first option except that this time you get paid on expiry of a term that runs for 14 calendar days. The total return is 130% which includes the member’s initial deposit as part of it. So a $100 investment in this case promises a yield of $130, which is principal plus profit. FinBay accept an increased maximum deposit of $2,500 for this plan.

FinBay‘s third plan called The Monthly Fixed Plan is on the face of it the highest risk. It does after all only pay once on expiry of a 30 calendar day term. I know that’s enough to keep a lot of you away all by itself, but on the other hand for anyone who likes a gamble the minimum deposit stays at just $10, so if you have a bigger deposit in the other two plans there’s nothing to stop you dropping a small few bucks into this one at the same time. I mean if you see a profit from either of the other two plans already it might just be an amusement. Anyway, it’s just a suggestion. Your money, your strategy, and your choice. In return for a deposit FinBay offer a one time payment of 180% made on expiry which includes your principal. So for a $100 deposit here you’d be hoping for $180 in return. The maximum spend is $10,000.

Payment options are pretty good, or at least a little better than most HYIP’s with similar style investment plans. As well as the usual LibertyReserve and PerfectMoney FinBay are one of the ever growing number of programs turning back to SolidTrustPay, which is seen by many as a quality sign in itself. There is no need of making a withdrawal request (in fact you can’t even if you wanted to) as all of that is taken care of automatically. Because FinBay only pay on expiry as opposed to everyday it shouldn’t be that much of an issue for you as there isn’t all that much for you to keep logging into the website to check up on anyway after you have joined. So on the day your deposit expires you will be sent the entire sum you are owed – profit plus your own principal – together in a single payment made directly into your chosen e-currency account. If you’re any good at promotions by the way that’s also how FinBay pay their referral commissions.

I think the first thing I liked about FinBay however was just the basic mechanics of how the whole thing works. It’s quite simple but at the same time I’d say probably a lot more secure than many other sites. The thing about it is that there’s no real information there to be stolen, hacked, or otherwise compromised. As I said at the start, the process of joining FinBay is a little different from what you might have seen in most other HYIPs. There’s no real “signing-up” procedure as such, it’s more a simplified process of you depositing directly into the FinBay plan of your choice. Then, you receive a unique PIN number, sort or like a tracking code I suppose, that gets sent to your e-mail address. So you only get this code after you deposit. This number then allows you to check the details of your deposit, such as how much you are owed, what date it’s due to mature, and so on. When the time come to getting paid, FinBay will then pay you directly into your preferred e-currency account on the day of maturity without the need to make a request. So the money just passes directly from one payment processor account to another and back again, bypassing any traditional members area, but still allowing you to keep track of it.

Other design and security features include the FinBay website being properly SSL secured by Comodo. They are running on a dedicated Staminus server with DDoS protection currently provided by DdosWiz but the admin has hinted at a possibile move to BlockDos. Should you have any further questions for the FinBay admin or account related issues then you can get in touch by writing directly to one of three e-mail addresses (depending on what you need to discuss with them) or by filling out the electronic ticketing form and submitting it. FinBay also list a postal address, though I recognize it as a hosted address that acts as a mail collection and forwarding service. You’ll also find a link to a YouTube video, though that looks a lot more like a TV ad rather than anything instructional.

Overall though I guess it’s not a bad looking website and quite original. Texts while looking original don’t say much about any business activities, preferring instead to speculate on the easiest way to become a millionaire (and as actually working for it doesn’t seem to make the grade, I suggest it’s merely for entertainment purposes). But a lot of work has been done on the FinBay website, and enough to suggest that the admin is serious enough to at least make a genuine effort. We’ll see if that is indeed the way it plays out over the next few weeks, meanwhile I’ll just remind you that if joining then to keep FinBay as part of a wider more diverse portfolio, and of course always, always, set yourself an affordable spending limit and stick to it rigorously.

DAILY NEWS FROM THE INDUSTRY

SILVERSTRUCTURE – DOWNTIME TODAY EXPLAINED

It’s very likely that SilverStructure is becoming very popular among the investors day after day and it looks like it’s worrying their competitors very much as attempts to DDoS them continue. Today SilverStructure was unavailable for a few hours again, but I must emphasize that as usual it didn’t affect any payouts which were still processed promptly to all their accepted payment processors – AlertPay, SolidTrustPay, LibertyReserve and PerfectMoney. The only investment plan accepted by SilverStructure – 2% for 150 calendar days with principal returned on expiry – was analyzed in my detailed review posted here. More about the admin Gabriel can be found in my interview with him published here. There is no doubt that this is one program to watch and we are just about to see the first members in profit very soon as SilverStructure is rapidly approaching 50 days online. I think that despite the DDoS attacks SilverStructure is still getting more popular. Largely due to the admin’s activity and promotional work, more and more members are joining now and I can clearly see that things are only getting better for SilverStructure at this point. Let’s hope they can prove to both investors and the attackers that it’s very hard to ruin a program if you have a dedicated and professional team running it. Here is the latest email regarding today’s downtime from which they’ve fully recovered already:
“SilverStructure update
We apologize for the sporadic downtime you may have experienced over the last day.
We have a highly experienced tech team working on the issue, which is caused by attacks on our website most likely due to the popularity of SilverStructure.
Please rest assured that these attackers attempts are in vain, since we have the highest protection levels in place and also have taken several measures to secure our data.
We are confident they will reason with these facts soon and give up their unruly play.
SilverStructure remains strong and will only get stronger, regardless of their efforts to try and place hurdles on our way to ultimate success.”

PANAMAHEDGEFUND – ALERTPAY ADDED

Miraclulously returning after almost two weeks on non payments, PanamaHedgeFund (reviewed here) surprised me with their service once again when they added AlertPay to their list of payment processors joining LibertyReserve and PerfectMoney. This is a very welcome move for PanamaHedgeFund as it will be able to attract a totally different type of investor now, and the program is yet to re-establish its reputation after a successful return to Paying status on MNO a few days ago. I must say that I was really surprised to see them back at all after a seemingly hopeless situation. The most important thing about that is of course the payouts which are processed instantly again. PanamaHedgeFund offers investment plans with a gradually growing return as your investment term lengthens and allows you to withdraw your original principal before the expiry date for a fee or wait for the expiry date for a no fee principal withdrawal. The full term in PanamaHedgeFund is 265 calendar days but you will be paid only on business days. Payouts are usually processed instantly upon request. Interest increases from 1.9% to 2.7% throughout the term which is quite a unique feature and encourages you to stay a member. The latest news about AlertPay addition was put in short on the website today:
“Public access to Alertpay billing
From today, deposits and withdraws via Alertpay are available to all customers.”

AMBRIANINVESTMENT AND MONETARYGAIN SCAMS?

Not much in the way of good news to report today I’m afraid, as two program made their way to Problem status on MNO. They are AmbrianInvestment and MonetaryGain.

MonetaryGain was a huge disappointment for me as it didn’t even last for two full days after paying for monitoring. I guess the admin ran out of money already and decided to scam. The funny thing about that is I didn’t even plan to review MonetaryGain until tonight but last night’s accessibility problem for FinBay made me change plans and go with MonetaryGain instead. Anyway, they stopped processing payouts today. The withdrawals are now pending for well over the promised timeframe of 12 hours and the admin is keeping silent which is suicidal for such a short-term program like this one. So, we say good-bye to yet another fast scam as MonetaryGain lasted four days which is pretty poor result even for such program.

As for AmbrianInvestment, it’s very clear to me that selective payments are still processed to some monitors and members, while others (with possibly more significant amounts in the program) are left stranded and hopelessly waiting for their payouts which are now well over the 24 hour timeframe. I received at least three confirmed complaints to and the admin was unable (or unwilling) to pay to them which just confirms my concern about the severe cashflow problem in AmbrianInvestment. Yet another good indicator is another change of plans as the program is now offering 120%-240% after 1 day which clearly cannot be achievable and is just plain stupid to join when we already have confirmed cases of selective payouts anyway. In addition to all of that, AmbrianInvestment keeps trying to dump their STP funds for LR and offers a 25% bonus on all the exchanges which are by the way strictly prohibited by STP itself, so if you’re lured into that you risk losing all your money. The admin is a crook anyway as even after moving AmbrianInvestment to Problem status on MNO tonight I have noticed the MNO monitoring button there still displays Paying status, so it’s just a static image and nothing to do with reality. Having said that, AmbrianInvestment was a surprisingly good program in some ways as it lasted for nearly five months and brought profits for some smart investors who could see the admin’s strategy of gradual increasing the plans interests and advertising methods. Please note that it’s clearly stated on my rules that I don’t tolerate selective payouts from any program and even if I get one unresolved complaint a program goes to Problem status. This is a strict rule which I stick to for as long as I’ve been running my monitor. Please avoid investing in AmbrianInvestment at this point even if you’re getting paid as usual, as the program is going to completely collapse within the next couple of days.

INTRODUCTION OF WORLDFINANCECLUB

Many of you might have noticed another short-term program called WorldFinanceClub added to my Standard list today. The program is not really that new and has been successfully running for over 25 days now, taking AlertPay, LibertyReserve and PerfectMoney. WorldFinanceClub also has a plenty of plans on offer (one of which pays you daily) – 105%-130% after 1 day, 55%-75% daily for 2 days, 130%-330% after 5 days, 180%-500% after 10 days, 300%-800% after 20 days, 500%-1200% after 30 days. Despite quite a long run already WorldFinanceClub is still flying under the radar and I only managed to find one piece of news on their website dated 29th of March announcing its launch to the public:
“Welcome to WorldFinanceClub
We welcome everyone to join our brand new program WorldFinanceClub.”
Otherwise, the program is pretty standard and of good enough quality. The payments are processed within 24 hours of request. They run off a licensed GoldCoders script, are SSL-secured by Comodo, and hosted on a dedicated server with the previously unknown LimestoneNetworks company. I don’t know if it’s properly DDoS protected, but I believe it might be, otherwise it would not have survived this long. For some investors such a long lifecycle could be a negative factor, but if you prefer to play with short-term established programs with long track records then this is definitely a good choice for you, especially considering that it accepts three payment processors and paid for two banner spots on MNO too, which I believe is a positive sign. More on WorldFinanceClub will be in my detailed review which I’m going to publish tomorrow.

GET PAID REPORT FOR 24/04/2012

Here is the list of the programs from my monitor that paid me for the last 24 hours:
From MNO Sticky list: –
From MNO Premium list: NewGNi, Royalty7, OneInv, EurexTrade, BensonUnion, GeniusVenture, ProfitableSunrise, SilverStructure, DividendService, SolidForexLtd, ENR-G, VascoForex, FelminaAlliance, PlexCapital, CFDonline, FreedomTradingLtd, PrimeXCash, Trade4Ten, MoneyEra, MetalROI, ForexProgressive, FinBay.
From MNO Standard list: PanamaHedgeFund, WorldFinanceClub (the first payment received).
From MNO Basic list: UFOWin, Montvalo, DuoMoney (the first instant payment received).

That’s all for today, guys. See you tomorrow with more news and another review. Stay tuned and don’t forget to check out MNO every day to stay completely informed and up to date!