Beware! Ivecon has stopped paying! Do not invest!

Hello all! The weekend is here again so I hope you’re all looking forward to a couple of days taking it easy, especially anyone enjoying the knock-out stages of the Euro 2012 tournament. In many ways even though it’s less prestigious than the World Cup it’s arguably a better competition, and even though I’m staying in England for a while I have to say Germany are looking the most impressive so far. Think they might take it this year now that they reached the semi-finals. But anyway, this isn’t a sports blog, it’s a money-making blog, so before today’s news I would like to take a closer look at one of the recent crop of new programs joining the MNO monitoring page. There’s been something of a rush of new programs coming to me for monitoring over the last week or ten days, and one of the good things about that is the huge variety between them. So tonight it’s the turn of a longer term HYIP called Ivecon. It’s not exactly brand new by the way, having been online for about three weeks now, but when you see the investment plans Ivecon has available you’ll see that we are still very much in the early stages of the development.

Investment plans are fair enough, combining profitability with sustainability – two crucial ingredients for success in any long term program. Something you might like about this one if you’re not usually a fan of long term HYIPs however is the option to ask for your principal back and leave Ivecon early, a feature which might help to open the program up to a wider potential audience.

So anyway, getting down to the numbers, you can join Ivecon for a minimum deposit of $20. There’s really only one investment plan which is broken down into six sub-categories depending on the size of your investment. It runs for 150 calendar days, during which you will receive a daily interest payment. At the end of the term you will then be given your money back, though as I already said if this either doesn’t suit you or something comes up that you need to get your money back for whatever personal reasons then that’s OK. By joining Ivecon you are merely committed to a 30 day lock-in period, and after that you can keep whatever interest you have earned and ask for your deposit back. This is subject to a 20% fee and can take up to three days to be processed, so just be aware of that before asking.

But before withdrawing you’ve actually got to join first, so let’s get back to the plans. Anything from the minimum investment of $20 sees Ivecon offer you a daily payment of 1.2% interest for 150 days. Assuming you stay a member for the full duration that should amount to 180% in total, and that’s your net profit once your initial principal gets returned. A more important statistic is that you would break even (that is earn an amount equal to your own investment and therefore not possibly lose any of your own money no matter what happens next in Ivecon) after 84 days.

Larger deposits will be paid higher interest rates, but that pretty much describes how Ivecon operates in a nutshell. But I will of course explain the details for you anyway. For example, those making deposits starting from $200 can expect a daily payment of 1.4%. This would allow you to break even after 72 days which might sound like a long time but do consider that it’s actually less than half way through the full term so in fact it’s really not that bad. You would complete the 150 day term with payments coming to a total value of 210% which is net profit once Ivecon give back your principal.

Remaining plans are kinda for the bigger investors, but I suppose that will include some of you so I’ll describe them for you too. The third option for instance sees Ivecon ask for a minimum investment of $1000, in return for which they offer a daily interest payment of 1.7% for 150 calendar days. On expiry your principal gets returned, leaving you with 255% net profit and breaking even after 59 days.

Members looking to join with at least $3000 are offered a basic 2% daily payment for the 150 day term. Ivecon would in that case end up paying you back 300% in profits on top of your initial investment. The break even point would be reached 50 days into the term, with everything you receive after that going down as pure passive profit.

For the really serious players with $5,000 to spend, Ivecon are offering you 2.3% per day. Should you stay for the full 150 day term then you would break even 44 days into it and complete the cycle with interest payments totaling 345% on top of your own money back.

And finally, something I think is largely for information purposes, anyone with a spare $10,000 that they can think of absolutely nothing better to do with than spend it all on a single online HYIP can consider Ivecon‘s final plan, which offers investors 2.6% per day for 150 days. That sees you break even after 39 days, and finish up with payments coming to 390% on top of your own money returned. There is no stated maximum ceiling on investments.

I’m kinda glad to say that when it comes to payment options, the Ivecon admin seems to be another HYIP manager finally moving with the times. Gone are the days when long term HYIPs simply put the choice of LibertyReserve or PerfectMoney in front of you, and if you don’t like it then tough luck. Big investors, and especially smart investors, are simply not as tolerant towards that approach anymore and will happily take their money elsewhere unless a better choice is provided (even if there were going with LR or PM anyway). So as well as the two old favorites Ivecon are also taking deposits through SolidTrustPay, which many would view as a sign of the program’s quality. Payouts need to be requested from inside your Ivecon members account area, and if you’re lucky you could be paid instantly. That’s the aim anyway, though please keep in mind that this is in no way promised to happen all the time either. In fact there are many good reasons for this not to happen, and in that event Ivecon are within their own terms and conditions to process members withdrawal requests within 24 hours.

Not that it guarantees the safety of your deposit or anything, but something that will help in keeping a healthy cash flow in the program is Ivecon‘s very professional and well organized website. In a business where first impressions can make or break a program (though I admit this is a lot less true of longer term HYIPs like Ivecon), I think they’ve done well enough to get people’s attention. First of all they are running off a unique and custom made script which I’ve never seen anything like before. The website is fully SSL secured for extra protection with your transactions and safer browsing. Hosting is on a dedicated server and protected from DDoS attacks by Dragonara, who are comfortably the single best service provider in this area on the net today. So I would expect minimal downtime, if any at all, from Ivecon. On top of all that the admin is doing a fine job in targeting as wide and diverse range of investors as possible with some professional translations of the Ivecon website into several different languages. Already German, French, Spanish, and Russian speakers can read through the site and get a better understanding of what it’s all about, with the promise of Chinese and Indonesian to follow later in the summer. If you have any further questions about the program or account related issues if you’re an existing member then then you can contact the program’s support team by filling in the online ticketing form and submitting it. Also listed is a telephone number and a UK postal address, though whatever about the phone HYIP addresses while actual genuine locations are generally speaking hosted or serviced offices. There may be a mail forwarding service but you’d be unlikely to find anyone capable of discussing Ivecon were you to just walk up and knock on the door.

As for the business side of things, a lot of what you see on the Ivecon website is original, and a lot of it is not. Some texts are copy/pasted from other HYIP sites though you shouldn’t draw any connections between them. Between designers perhaps, but not necessarily admins. The one and only thing it indicates to me by the way and the only reason I always mention it is that Ivecon is at the end of the day an online HYIP. A promising one, one that looks to be carefully planned and managed, but still basically a high risk activity. So you know the rest and how to behave. Don’t spend money you can’t afford, and if looking to make long term money from HYIPs then Ivecon is best kept as part of a wider more diverse portfolio.

DAILY NEWS FROM THE INDUSTRY

NEWGNI – SOLIDTRUSTPAY EXCHANGE CLARIFICATION

I’d like to start the updates with the latest weekly newsletter from the #1 program on MNO NewGNi (reviewed here). The main topic for the update is the widely discussed allowance made by NewGNi to members affected by recent US legislation limiting the rights of payment processors to provide services for US residents without a being licensed in each individual state. Since STP is a perfectly legitimate company it had to comply with current regulations and restrict access to some US mumbers while the licensing process is still in progress. So to deal with this NewGNi changed their script to allow those affected exchange their SolidTrustPay balance to LibertyReserve and PerfectMoney for no extra fees. That caused a major misunderstanding with some members who bombarded the admin of NewGNi Jurgen (interviewed here) with questions about how they can do it. So, in today’s newsletter Jurgen had to clarify once again that the policy of paying to the same payment processor from which one made a deposit remains absolutely in tact and strictly enforced. A temporary exception is being made for US based members using STP while STP are obtaining a license. So, note that if you invested in one of the investment plans offered in NewGNi – 1% per business day or 6% weekly with no expiry and the option to leave after 180 business days – via LR you will be paid only via LR, PM will be paid to PM and STP will be paid only to STP. That rule makes sense and protects from depletion of funds in one particular payment processor.

Jurgen definitely knows how to manage his program and everything that’s been done so far was for the benefit of the members. Since NewGNi is allegedly working on arbitrage betting there’s a contest dedicated to the ongoing Euro-2012 Football Championship where everyone can participate for some nice prizes. More about that and on the STP exchange modifications please read below:
“Newsletter 22 June 2012
Dear clients, friends and fans
Not much to report today – but as we all know, no news are good news and despite that, we really like to stay in touch with you.
During the last couple of days, we have received a few support requests relating to the same topic: Members are wondering where they can find the link to exchange their SolidTrust Pay cash balance to Liberty Reserve or Perfect Money:
Please note that such exchanges are ONLY possible for members who currently can’t withdraw to SolidTrust Pay, due to the newly enacted legislation in the US. For all other members its business as usual; please withdraw to the payment processor (and account) where you made the deposit from. Also, we only enable members account for exchanges, once one withdrawal request was rejected by SolidTrust Pay.
We’ve also received emails like, ‘I think as from next week I will not be able to withdraw to my STP account anymore’, can you please enable the currency exchanger for me now? Sorry we won’t. Please continue to request withdrawals to your STP account and as long as we are able to pay to your STP account, we will do so. This is in accordance to our TOS. Once your withdrawal request is rejected by STP, we will automatically enable the Currency Exchanger for your account on the very same day, no support request is necessary.
We hope this will clarify the situation.
On a side note, so far only about a dozen or so of our members are affected by this legislation and we are confident that SolidTrust Pay is trying their very best to get their license issued by all states concerned. There is also no need to rush out of STP because of this condition! Please stay calm and enjoy using your STP funds as you did before. At least NewGNi is offering you a convenient solution to get hold of your invested funds whenever you want.
Today we’ll see the second Quarter Final of the Euro 2012 Championship. You might be aware that NewGNi is running a free betting contest, called Score with NewGNi Euro 2012.
Although it’s mathematically impossible to grab one of our top three cash prizes, awarded to the best bettors – we have also five consolation prizes. Since the consolation prizes will be randomly drawn among all participants, you still have the chance to win. So come and join, we love to have you with us.
Please visit Score with NewGNi for more information.
Next week will mark the first six months of our operation. For us, it’s just the first milestone of NewGNi, but one we are proud of. We sincerely hope you will be around to celebrate this occasion with us!
Be with us again next week at this time. Good-bye until then,
Jurgen
Follow NewGNi on Twitter, Facebook and MNO”.

HIGHBORNFINANCE – WITHDRAWAL TIMEFRAME CLARIFIED

The admin of HighBornFinance (reviewed here) sent a mass email reminding members that payouts can take up to 24 hours and that the minimum payout to Payza is $1 while to LibertyReserve and PerfectMoney it can be anything. He also invited investors to join HighBornFinance‘s Facebook group and promised to become one of the best and well-known investment projects soon:
“Update From HBF Admin
Dear Members and investors,
You are receiving this email because you are either a member of the new site HighBornFinance or you were on our mailing list.
Just a few things we need people to know. WITHDRAWALS take up to 24 hours. HBF has grown in to an amazing program. Your withdrawal will be done within the 24 hour mark. Have patience if it`s not done within a few hours please allow the timeframe of 24 hours.
The MIN withdrawal for AP is $1.00!
We do have a very good FACEBOOK group where the admin always keeps everyone up to date: http://www.facebook.com/?sk=welcome#!/groups/244255429017155/
In the following months we will grow and upgrade the site so that we can be one of the best leading online investment programs for years to come.
HBF – Support Team”.

Tomorrow and on Sunday the payouts from HighBornFinance will not be made as the interest on 7%-10% for 20 days is credited only on business days. I hope that on Monday we will see HighBornFinance alive and kicking with more profits being paid to its members.

HYEARN – FIRST NEWSLETTER ISSUED

The first official newsletter was sent today to all the members of HYEarn by its admin Alfie. To tell you the truth, it wasn’t really the first one as I remember one sent on the day of launch when the investment plan was changed from 120% over a term of 15 days to 190% over a term of 19 days. Anyway, after finalizing everything the admin has settled on something in the middle with the finalized version paying 153% over the course of 17 days with gradually increasing rates from 1% on day one to 17% on day seventeen. That plan is certainly very unorthodox and requires further explanation which I will be glad to give you in the upcoming review of HYEarn which I’m planning to publish on MNO on Sunday night.

The main topic of today’s newsletter from HYEarn was the support system to which I can see the admin is drawing a lot of attention. There are three ways to contact support: support ticketing system, Live Chat, and Phone support. I guess that is especially needed since HYEarn is really different from most others and the concept of gradually increased payouts is yet to become popular. But is certainly needed to be explained properly. I would just like to confirm that I receive the daily payouts from HYEarn to my LibertyReserve and PerfectMoney accounts. I can see that the admin is pretty serious and he’s already purchased Sticky Listing on MNO for a month, so it’s not a bad beginning for a brand new program with a brand new payment concept. Meanwhile please take a look at the full version of the newsletter:
“HYEarn NewsLetter #1
Dear HYEarn members,
We are delighted to send out our very first newsletter to all our members today. We hope that you have had a good week so far and are looking forward to the weekend too.
We, at HYEarn are happy that our program has had a decent start and we are expecting things to get better each day. As we progress, we expect that the new concept of incremental profit plan will find its way up the popularity charts in the coming days. This unique plan structure has an advantage over regular plans as the incremental profits enables us to manage the parallel flow of funds in a far better way.
This is probably also a great time to invite you on a walk-through of our member support services. We provide 24/7 member support services.
Should you wish to contact us through our support ticket system, we will normally respond within minutes.
As for the Live Chat service, we are online throughout the day and will accept your chat requests promptly. Should there be a queue for Live Chat, we request that you please wait for us to attend to your request.
The Phone support is available from 10.00 to 16.00 GMT and you will be able to speak to our support staff when they are available.
Should you have any questions, we would be happy to help you.
Before we end this newsletter, here is the run through of our one and only unique plan again. We pay 1% on day 1, 2% on day 2, 3% on day 3 all the way up to 17% on day 17 giving you a total of 153% in just 17 days. There is also an additional 5% deposit bonus which will be an added benefit. This will be available until further notice.
We hope that the content above has been useful and concise. Please contact us if you need any related assistance.
Thank you!
Regards, Alfie
on behalf of HYEarn.”

FELMINAALLIANCE – FRIENDS INVITATION FEATURE ENABLED

I would like to express my gratitude to the support of FelminaAlliance (reviewed here) who were really helpful and solved my problem with the missing payments in no time. The program is approaching a very important date in a couple of weeks which will mark a full year of successful activities online. It’s really a remarkable achievement even for a program paying low interest of 1%-1.6% for 180 business days with principal return on expiry. Speaking of the principal, FelminaAlliance returned it to me as promised and I wrote an article on my blog a few days ago which the admin even quoted in today’s regular weekly newsletter. I’m very flattered that such a long running program pays attention to what is written on MNO and grateful for quoting the source in the newsletter sent to their thousands of members.

The main topic was a new feature allowing members to send invitations to others from their FelminaAlliance‘s account. Just make sure that you get along with your friends first, so it won’t look like spam to them. Remember that by inviting your friends in the program you will be rewarded with a 5% referral commission via one of the accepted methods – LibertyReserve, PerfectMoney, Payza or direct Bank wires. Here is the newsletter in full for more details on that:
“[FelminaAlliance] Official Newsletter
This is an official newsletter from FelminaAlliance Inc.
We are happy to announce that we have added a new useful feature to the members’ area on our website that allows our existing members to send direct invite emails to their friends directly from their FelminaAlliance accounts. Invite your friends to share your investment experience with us!
To use this option, you need to log into your FelminaAlliance account, go to the ‘Invite Your Friends’ area, fill out the required fields and hit the ‘Send Invite’ button.
We would also like to show you a recent post about FelminaAlliance made by one of the leading monitoring blogs in the online investment arena – Paul Abramson at Money-News-Online.com. Here is what he wrote:
” FELMINAALLIANCE – ORIGINAL PRINCIPAL RETURNED
When I first started monitoring FelminaAlliance (reviewed here) back in September 2011 I could hardly imagine it would survive to this day, paying my original principal back on expiry of their 1%-1.6% for 180 business days plan. But after nine months of monitoring FelminaAlliance on MNO and nearing their first anniversary online I can confirm that I have received my deposit back from the program. Looking back at the milestones FelminaAlliance passed along the way the addition of Payza had a huge impact, joining LibertyReserve, PerfectMoney and Bank Wire deposits and withdrawals. I sincerely hope that even after a year online FelminaAlliance will carry on. Good job, FelminaAlliance, keep it up! “
You can find the original post here: http://money-news-online.com/blog/2012/06/16/15062012-ntginvestment-review-and-daily-news-from-the-industry/
Find a moment to visit our official Facebook page at http://www.facebook.com/Felminacom. This is the fastest way to get the latest news and updates.
Please do not hesitate to contact us should you have any questions and need help with anything. Your thoughts on how to improve our website and the services we offer are more than welcome.
Best Regards,
Marketing Department,
FelminaAlliance Inc.”

ENR-G – ACCESSIBILITY ISSUES CONTINUE

Unfortunately the attacks on ENR-G continue and it appears that the hosting provider cannot cope with them very well. Here is what the admin of ENR-G Rory (interviewed here) sent me today in response to my inquiry regarding the continuous downtime:
“Hi Paul, the latest update from blacklotus is below. Its due to a huge ddos against us. The upstream providers shut down on them and will re-enable once its fully mitigated. Here is what they said.
“There is no fix, it’s a multi-10-gbps attack and they’re not going to lift it without compensation for the bandwidth. Attacks like this cost in the tens of thousands per month.”

That means that ENR-G site is still not accessible in many areas around the world and at the moment it’s not quite clear when it’s going to be back to normal. However, those people who can still enter the site can deposit in two plans – 1.2% for 30 days and 2.2%-2.7% for 90 days with principal returned on expiry. Withdrawals to LR are processed within 24 hours while withdrawals to SolidTrustPay, PerfectMoney and Payza are still instant. I know that many MNO readers were not able to access the site even via various proxy-servers, but I managed to find two perfectly working serves which you can access ENR-G (reviewed here) and request your withdrawals. Many investors were really grateful when I shared this information as they almost lost hope of ever seeing ENR-G again. So if you are have difficulties and don’t want to wait please email me at abramsonp@gmail.com and I will share this info on the working proxy server. Otherwise, you can wait for the solution which according to Rory will be found sooner or later. I will keep you updated on MNO regarding this!

TRADE4TEN – BACK TO PAYING STATUS ON MNO

Very nice surprise this morning when I finally discovered the withdrawal pending from Trade4Ten for over 48 hours in my LibertyReserve account. There was absolutely no explanation given by the admin regarding the delay, but I guess running your own payment processor AsianPay keeps your hands full. AsianReserve is one of the payment processors accepted by Trade4Ten (reviewed here) along with LibertyReserve which you can use to invest in the only investment plan on offer paying 10% for 12 business days. Almost ten weeks online and paying is really impressive and I hope that Trade4Ten will continue paying as usual and this time without any unwelcome delays which almost buried the project on MNO yesterday. But it’s OK now and Trade4Ten has been moved back to Paying status on MNO monitor today!

NTGINVESTMENT – ORIGINAL PRINCIPAL RETURNED AND MNO INTERVIEW ANNOUNCED

Yesterday I was returned the first deposit on the 125% after 7 days plan made in NTGinvestment a week before. Since the program has been online for about four weeks already the first investors from the second plan paying 4% for 30 days should be in profit as well and in a few days days they will get their principal on expiry too. I must say that so far NTGinvestment (reviewed here) has shown itself a viable program and earned a lot of good feedback among investors joining via LibertyReserve and PerfectMoney. I believe it’s perfect timing now to publish the interview which the admin kindly sent back a couple of days ago. So you can read all about that tomorrow.

DIVIDENDSERVICE – INTERVIEW COMING TOMORROW

Another long-living performer on MNO is DividendService which has been paying to everyone for about four months already. That is a really good result in my book and the admin definitely deserves a chance to be heard. Hope you’ll enjoy it! DividendService was first reviewed on MNO here and it accepts SolidTrustPay, LibertyReserve and PerfectMoney to four investment plans with principal returns on expiry – 1.4% for 15 days, 1.7% for 30 days, 2% for 70 days, 2.3% for 100 days. If you want to find out more about the program please tune in tomorrow for the interview with the admin of DividendService – exclusively on MNO!

INTRODUCTION OF PROFITHALL

A new short term program called ProfitHall joined the Premium list on MNO today. ProfitHall started only two days ago but it was enough for the first investors to make a profit as the shortest plan pays 105%-130% after 1 day. The remaining plans are definitely not so attractive and carry a significantly higher risk by paying only on expiry, though much higher returns – 143%-300% after 7 days, 165%-700% after 10 days, 235%-1000% after 18 days, 300%-2000% after 28 days, 500%-5000% after 40 days. The percentage offered in some of the longer-term plans in ProfitHall are simply hilarious, but the shorter-term ones make sense provided the admin is planning to hang around for some time. ProfitHall accepts only LibertyReserve and PerfectMoney starting from $10 and processes payouts within 12 hours of request. ProfitHall is runs off a licensed GoldCoders script and is an SSL secured website hosted on a dedicated server with DSoS protection provided by Koddos.

INTRODUCTION OF ORBITSPAY

It looks like money doubling plans are getting increasingly popular lately and another example today’s launch of OrbitsPay which right away secured its place on MNO’s Premium list just minutes after its start. Just like Wacomark (reviewed here) and RazorPay (reviewed here) OrbitsPay announced immediately that the program accepts Payza in manual mode until the payment processor approves the website. For some strange reason the admin forgot to mention the actual account where one has to send money in order to invest. Anyway, the other three payment processors are SolidTrustPay, LibertyReserve and PerfectMoney and you can make a deposit in OrbitsPay as long as you have the minimum of $10 on any of these accounts. The first plan offers the already enormously popular 10% for 20 days plan while the second one pays 225% after 15 days but is not really recommended. The risk is high, as is the $200 minimum needed to invest. Everything else about OrbitsPay is up to a decent standard – a licensed GoldCoders script, payments made within 48 hours (usually much faster), hosting on a dedicated server by Koddos, although the lack of SSL encryption is obviously a security flaw which will hopefully be fixed by the time OrbitsPay is going to be reviewed on MNO next week. For now you can read the first newsletter from the admin Wendy who hastily issued it just after hours of launching the program which allegedly has already 335 members and counting:
“OrbitsPay Admin News Update!!
I wish to welcome all our members who have joined OrbitsPay since we started 3 hours ago.
OrbitsPay is growing nicely with already over 335 members in only 3 hrs and I must say we are proud to have you all on board.
Please bear with us with Payza funding as that is manually processed. It might take an hour or two to have your Payza deposit processed. This is absolutely time consuming but once our site is Payza approved everything will become automated.
The emails keep coming and we are treating them in the order that we receive them.
Please, I want members to understand that we pay referral commission to only upgraded members.
If you are not upgraded, you dont earn ref commission. It only cost $10 to get upgraded. Therefore we encourage everyone to do upgrade so you can benefit from this great program.
Cashout issues!
We already started processing withdrawals.
Please we ask everyone to bear with us as we just got started and at this moment we have over 54 pending emails that we have to treat professionally. So please dont get angerred that we have not replied immediately.
We are here and working to make things better for you and to all concern.
Once again, we thank you for joining OrbitsPay as we look forward to serving you better.
Finest Regards, Wendy
OrbitsPay Support”.

GET PAID REPORT FOR 22/06/2012

Here is the list of the programs from my monitor that paid me for the last 24 hours:
From MNO Sticky list:  RazorPay, HYEarn, EWFund.
From MNO Premium list: NewGNi, Royalty7, OneInv, ENR-G, PrimeAlliance, SilverStructure, EurexTrade, ProfitableSunrise, FelminaAlliance, BensonUnion, InvestForia, MetalROI, DividendService, Wacomark, PlexCapital, PrimeXCash, Trade4Ten, HighBornFinance, BioRepay,  NTGinvestment, InvestConcept, Ivecon, ProfitHall (the first payments received), OrbitsPay (the first payment received).
From MNO Standard list: UFOWin, InternationalForexLLC, FlitzInvestments.
From MNO Basic list: -.

That’s it for today, guys. Tomorrow sees a double-bill of interviews on MNO, with NTGinvestment and DividendService both on the way. Enjoy the weekend and see you all then!