Beware! MidasFinance has stopped paying! Do not invest!

Hello everyone! The weekend is here again which I hope you’re all looking forward to, and with it comes the usual slowdown in the HYIP industry with less stories to report on. That doesn’t mean there’s no news at all of course, as I do have one new program that was just added to the MNO monitor’s Standard List to tell you about. I’ll get to that in a few moments but the main focus of today’s update is an interview I just received from the admin of MidasFinance.

If you don’t already know then that’s a mostly longer term HYIP that was first reviewed on MNO just recently, only last weekend in fact, though the project itself has been online for well over a month now. You can read that review here if you want further information on MidasFinance, but before we here from the admin let me just remind you that they offer terms of 1% for 40 days (principal back), 3.6% for 60 days (principal back), 4.6% for 90 days (principal back), 10% for 20 days (principal included).

“1. Hi Mona, please introduce yourself to the readers of MNO and give us a little background information on yourself and your experience in managing a business and handling other peoples money. How much experience do you have with the online HYIP industry?

My name is Mona Jackson and I am one of the founder and the administrator of MidasFinance. My role here is shaping and make a way for anyone willing to play their part with us, and together bring their investment forward.

2. Can you share some facts about the MidasFinance business with us? How long have you been in operation?

We have been online for 42 days now. We are working in teams to bring all of our resources, funds and investments forward for everyone who don’t have time to think and have no idea about how to achieve prosperity. We are working in a brilliant way to achieve our goal, together with everyone who put their trust in us.

3. I mentioned in my review that I noticed a lot of mistakes on your website. For example you MidasFinance is “only capable of taking payments through LibertyReserve” or that investors can withdraw their principals anytime they like. What do you say to that? Why were these statements ever included?

Everything has been done to make MidasFinance accepted and well known by many people, client or potential client was designed in a unique way. That part of “things” you have mentioned is one of our ways to make MidasFinance unique.

4. What are you offering investor in terms of plans and profits? What is the minimum and maximum amount you can invest? I’d also like you to explain the 25% bonus on all deposits in a bit more detail. This can be withdrawn immediately, correct? Is this an unlimited offer? How can that be sustained and doesn’t it place a huge drain on your cash flow?

Please look on the table below, it is our Investment Plan in detail.

As we have said everything we do is well planned, including giving a bonus for everyone. Our finances will not be overburdened or have a huge drain on our cash flow. Why is it ? Because,we are MIDASFINANCE !

5. Do you think that some of these plans might be too expensive for the average online investor and that you might have made a lot more money from a bigger number of members had you dropped your prices?

No. We have through a researched and well developed strategy, come up the investment plan we provide which is well designed to cover all types of online investor. The amount of investment itself is representative of how confident we are about our capability in managing funds.

6. What payment processors are MidasFinance currently dealing with? What have been the most popular choices so far, both in terms of the number of individual investors and in terms of the amount of money deposited?

We accept many payment options at the moment, Liberty Reserve and Perfect Money are the two most popular payment processors in this industry and their value is liquid. Exchangers are easy to find in many countries. It would make anyone who intends to join and make investment with us could fund their account easily.

Apart from LibertyReserve and PerfectMoney, we also have bank wire and the newest e-currency AsianReserve to cover more client especially from asia.

7. Is there something preventing you from adding something like SolidTrustPay which would give bigger investors a lot more confidence just by being there?

No, we work based on the strategy we have developed, there is a specific time and way to follow to do what we need to do.

8. What would be the best and most efficient way of contacting you if I have any questions or problems? What about the Live Chat support? I can see that you have the feature but I have never once saw it operating, why is that?

We are reachable through our support system, be it via live chat support or ticket support. I myself am online often to be able to get close to our clients. MidasFinance is also reachable through our representatives whose numbers we have provide through the contact page. One more thing we want to mention here for all investors is please invest what you can afford and see our work. Then you may decide to increase your investment. We believe in progress.

9. What have been the most common questions, problems, or other support related issues that you have had to deal with so far? Is there anything you would like to address here so that members can avoid having to contact you?

We don’t see any reason to avoid getting in touch with our members or anyone interested in MidasFinance, because nothing in particular is threatening us. We are very open to all questions not only from members but anyone interested in us. There is no way we will avoid anyone who wants to get in touch with us through any support platform.

10. Can you tell us in detail about the security of MidasFinance? Who is your hosting provider and how highly do you rate them as a service provider? What script are you running off? How well are you protected from hackers?

We use http://www.geniusguard.com/ as our host, they have one of the best DDoS protections.

They are the one of the best in the hosting business used by many sites. We would not think twice to recommend their service to everyone and have no doubt about their capabilities and professionalism of their services. And we have gain better security using SSL and hacker protection from comodo.

11. On the subject of security, when MidasFinance first came to MNO for monitoring I was unable to accept it due to hidden viruses detected in both the public and the private members areas. This was also something you seemed to be unaware of at the time. So can you explain how that happened, what the virus was, and what will you do to re-assure visitors that your website is safe and that you will be aware if the situation happens again?

At that time we admit that we are careless enough to have viruses injected in our main database, that is because we are not giving thorough care to it since we are still in the middle of evolving and making our security site more secure. Now there is nothing to worry because we have done our best to ensure anyone can visit MidasFinance safely.

12. Tell us more about the general advertising and promotional strategies being used by MidasFinance. In a very competitive market what are you doing to bring the program to a wider investment audience?

We make use one of big social network platform to help us spread information and news about MidasFinance – Facebook.

Facebook is the common social network and the biggest, everybody has it nowadays and that way we can reach many potential clients. And by using social network as our media it helps us spread information about us. Through Facebook, we hope everyone and our members will be able to share their experience with us. We also give a high standard support system and an office that anyone can visit to seek a better experience/assistance with us.

13. Are there any plans to develop MidasFinance further in the near future? Will there be any interesting changes made soon? How are you planning to keep the program competitive with so many other options open to investors?

Yes, because we keep evolving day by day, to keep up with the circumstances and conditions of the investment business environment, we plan and tend to keep our performance better and better, until no one is better than us.

14. And finally, is there anything you feel that wasn’t covered in this interview that you think the readers of MNO should be aware of? Especially anything in my review that you felt was mistaken or would like to comment on?

We are honored having MNO to review us. Feel free visit and drop by our site and we will gladly assist anyone.”

Thanks a lot to Mona for taking the time to answer that. A bit cryptic in places perhaps but ultimately it’s you the reader that has to decide whether any of this information is of any use to you or not and if it helps you either way in making a decision as to join MidasFinance. So good luck to the admin and especially good luck to the investors taking the gamble and joining the program. Fingers crossed I hope it works out well for you.

INTRODUCTION OF INVESTFORIA

As I mentioned at the start I have one new addition to my monitor I would like to just tell you about briefly before I finish. It’s a brand-new program that was launched today and added to my Standard listing called InvestForia. I guess it’s a play on words combining investments and euphoria. So what is so exciting about it? Despite the limited choice of payment processors (only LibertyReserve and PerfectMoney accepted starting from a $10 minimum) and only one investment plan available paying 2.8% for 60 calendar days with the original principal returned on expiry, InvestForia offers instant withdrawals, is properly SSL-secured by Comodo and is running off a licensed GoldCoders script. InvestForia is using a very high quality hosting provider in AntiDDoS and is hosted on a dedicated server by them. The program positions itself as a fully registered company in the UK, but from my own experience there is not much difficulty in obtaining this anonymously and online. So as usual treat InvestForia as a regular HYIP, though I still rate it higher than usual. One reason being I suspect a very experienced admin running it and we can expect a long run provided everything goes smoothly and as planned (which of course can never be guaranteed in the HYIP world, so only invest what you’re ready to lose here). The full review of InvestForia will be on MNO very soon, but meanwhile you can read the welcome greeting posted on their website today which mentions some of their main features:
“InvestForia LTD.
InvestForia LTD. Is now officially opened. Company which is registered in UK with number 08060358 offers you 2.8% profit for 60 days with principal returned after 60 days. Referral commission is 6% for active investors. Minimum deposit starting from $10. Payments are made 7 days a week without holidays. Fully instant withdrawals without any hidden fees. 24/7 Phone and email support available. Invest Foria LTD is hosted on a Fully dedicated server with best DDoS protection in industry assuring our up-time 100%.”

That’s it for today, guys! Thanks for reading and as always I hope to see you back on MNO again soon for all the latest news from around the HYIP industry. So stay tuned for more, enjoy the weekend, and see you all later!