Beware! FinexIncome has stopped paying. Do not invest there!

Hello everyone! I’ve had a good number of programs added to the MNO monitor in recent weeks, much more than I was really expecting for the summer to be honest, and I think it’s fair to say there’s been a pretty good mix of short, medium, and longer term HYIPs in there. So if you’re a fan of shorter term games then before we get to tonight’s news I want to take a look at one called FinexIncome, a brand new program that as far as I know only launched yesterday (Friday) so might be worth a look if you think getting in at the start will boost your chances of making a couple of bucks. So FinexIncome has four available investment offers, none of which are outrageously expensive but only one of which could be described as “cheap”. That particular one makes daily interest payments while the others pay you just once on expiry.

Starting with the daily plan, it runs for a term of 4 calendar days and can be joined for a $10 minimum spend. Once you join and spend anything up to $100 FinexIncome are paying 27% interest every day, a figure which obviously includes your principal. So by the end of the term payments will add up to 108% of the sum invested, or your own money back plus 8% net profit for yourself. For investors spending $101 or more this rate goes up to 30% per day, adding up to 120% by the term’s completion. That’s your principal plus 20% profit. Granted there are programs out there that make bigger offers (mind you, delivering on them is another matter!) but considering it only runs for four days I’d say it isn’t bad and more importantly can be sustained for a while assuming the FinexIncome admin knows what he’s doing. And I guess we’ll find that out soon enough! Maximum deposit for this plan is $30,000.

The remaining three plans see FinexIncome move on to payment-on-expiry only. The first of these runs for 7 calendar days and the minimum cost of joining is $30. If you spend anything up to $100 the final return repaid to you is 130% of your initial investment, or 30% profit. Should you wish to go in with $101 or more then the return is 140%. FinexIncome still allow a maximum of $30,000. Sounds great so far but do keep in mind that nobody has actually seen a cent back from this plan yet, or at least not at the time of writing. That won’t happen till the end of the coming week, so while I know many of you love to just jump right into these things right from the very start in order to maximize your chances, don’t be afraid to just test it out with a smaller deposit first (if not just simply waiting altogether) before doing anything too serious.

The third choice runs for 10 calendar days, and costs at least a $100 minimum to join. For a deposit between that and $250 you could possibly earn a 155% return on expiry, which of course already includes your principal. If you’re feeling more ambitious then a larger deposit up to a maximum value of $30,000 sees FinexIncome offer you 160% back on expiry.

And finally running for a duration of 15 calendar days, FinexIncome‘s last plan will set you back a $250 minimum to join. For a deposit of up to $1,000 they are offering a return of 200%. That includes your original deposit so it’s double your money back, which is bit of a stretch for such a short time. I’m not saying it can’t be done as I’ve seen it done many times in the past, but I wouldn’t think it sustainable. But anyway, if you’re feeling even more generous then FinexIncome are offering 210% on bigger deposits up to a top value of $30,000.

Payment options aren’t bad at all, and I’m pleased to see that LibertyReserve and PerfectMoney are both being joined by SolidTrustPay. Payments are made manually by the FinexIncome admin, so you will need to log into your members account area and request it, either every day with the first plan or on expiry with the others. Once done you are then asked to allow up to 12 hours for the transaction to be fully processed.

So far it mightn’t look as if there’s a great deal to separate FinexIncome from a lot of the shorter term competition, but where the program falls down a bit is on the design and security. Granted the script is licensed so that’s a good start (it’s from GoldCoders by the way, though I’m sure most of you will recognize that by now), however the website itself doesn’t have SSL encryption. Added to that the fact that it’s on a shared server and we can see that FinexIncome could really be doing better here. The hosting provider which is CloudShare to be fair does have a decent enough reputation, but I would still say that due to the frequency and ferocity of the attacks in this industry which many providers might not expect at first, FinexIncome would always be better off if they stop cutting corners and went with a dedicated server. They’d be taken a lot more seriously if they did.

If you feel the need to contact the FinexIncome admin at some point with any questions or account related issues then you may do so by filling in your details on the support form provided and clicking to submit it.

Texts give next to no information (well, actually no information) about any kind of business plan to support these interest payments, though I suspect experienced industry players will hardly raise an eyebrow on hearing that. So don’t go looking for it because it isn’t there. FinexIncome is of course like any other anonymous online money making scheme, and has it’s pitfalls as well as potential rewards. But don’t get reckless with your own money as there are ho guarantees in the HYIP industry so do be careful, always stay within a spending limit that’s affordable to you, and if joining FinexIncome then do so only as part of a diverse and varied portfolio.

DAILY NEWS FROM THE INDUSTRY

EWFUND – PAYZA WITHDRAWALS TEMPORARILY ON HOLD

I’m not sure what the problem might be with the Payza payments from EWFund (reviewed here) but it looks to me that the admin is looking for some excuse to put the payouts to Payza/EgoPay on hold for up to two weeks (!) until a solution is found by his programmer to change the script and enable automated payouts to EgoPay which recently replaced Payza to serve the HYIP industry (read more on that in my article posted here). I find this quite odd as SilverStructure, for instance, recently had the same issue and what they did is just enable payouts to the same email addresses used by their clients in Payza to EgoPay. In fact I was paid the first withdrawals to EgoPay with no issues already there. So I was wondering what prevents the admin of EWFund from doing the same. I’m afraid that if the situation with Payza/EgoPay the withdrawals to which are disabled at the moment is not resolved by tomorrow, then I will have to move EWFund to Waiting status on MNO. I will have no other choice simply because I have a deposit in Payza which I can’t withdraw to any payment processor now, and so I can’t accurately monitor them for you. I sincerely hope the admin fixes this as soon as possible but at the moment I would suggest to hold off from joining EWFund until the situation with Payza/EgoPay is resolved. I’m afraid the stalling tactics which might have been chosen by the admin for now and which he was talking about in the recent newsletter posted on the website will cause some problems also to LR and PM investors later on. The waiting period of 10 business days (two weeks) for payouts is in my opinion simply ridiculous. Anyway, I will monitor the situation with EWFund closely and will report any changes on my blog, so stay tuned. Here is the latest news posted on the program’s website today:

“Payza changed to EgoPay!
Hello Dear Members,
All most of you know about the new rules of Payza, Please visit :
https://blog.payza.com/user-agreement-updates/user-agreement-update
Few days ago they informed us we can work with them only till 20 July and asked us moved our balance to EgoPay (new payment processor who handle with Payza).
So kindly make account on EgoPay.
For sign up at EgoPay please use this link:
https://www.egopay.com
Our programmer working hard for install new settings of EgoPay, They must add EgoPay to our website and this need the programing so need the time. They promised us every thing will be ready within 10 business days( Maximum till 4/08/2012 ), So we have to remove Payza on our system & after our programmer install every thing related to EgoPay, Pay your interest on your EgoPay account.
If you have any question or need help about this issue please contact : admin@ewfund.com ——————————————————————————-
So sorry for this inconvenience and thank you for your understanding.
EWFund Management”.

SILVERSTRUCTURE – TRANSITION TO EGOPAY COMPLETED

As I mentioned above, SilverStructure (reviewed here) has already finished the full transition from Payza to EgoPay which now joins LibertyReserve, PerfectMoney, SolidTrustPay and direct bank wires. The only investment plan offered by SilverStructure pays you 2% for 150 calendar days with principal back on expiry. After less than five months online SilveStructure has reached the #3 spot on MNO’s Premium list and if you can ask me what is the secret of their tremendous success I would suggest it’s mostly about the admin who is the one responsible for the programs new plans and developments. So if you want to find out more about SilverStructure you can do so directly from its admin Gabriel by reading my interview posted here. Apart from me some readers also reported payments to their EgoPay accounts from SilverStructure today, so I believe you will be interested to read the latest update from them today:

“We have made the switch from Payza to EgoPay and are ready to make payments to your new From today onwards, payments requested to Payza, will be processed to your Payza account email address, but sent to EgoPay.
If you do not have an EgoPay account, you will receive an email from them when the payment has been sent. It is easy to open an account there and you will be able to continue making deposits from EgoPay with us or spend with others or withdraw your funds back to Payza from there or use an exchanger from their list.
If you do have an EgoPay account, but it is not associated with your Payza email address, you can simply add this as a wallet in EgoPay and you will receive the payment in that wallet.”

KISNP – MNO WINS SECOND ROUND REFERRAL CONTEST

I’m in a very good mood tonight as the admin of KISnP Zepp (interviewed here) has named MNO the winner of the referral contest and for the second time in a row. I would like to express my sincere gratitude for this prize not only to Zepp but mostly to all my readers who value my opinion and keep supporting me in everything I do. That is very good to know that I have a loyal readership who share my views on good quality programs like KISnP (reviewed here) and posting the daily news from the HYIP industry on my blog daily. Anyway, I have already received my prize paid by Zepp to my STP account and would like to congratulate the other two winners who came in second and the third. More contests will be announced by KISnP soon, so stay tuned for that and I will let you know as soon as another contest is launched. Here is the latest newsletter from KISnP:

“KISnP Announcement: Round2: Active Referral Contest Winners
Hi Members,
First we want to say thank you to all who participated and did their best to invite people to join KISnP. You are all appreciated.
However only Top 3 members with most number of active referrals and met the requirement we set for this Round 2: Active Referral Contest will win the prizes.
And here they are:
1st Place – moneynews
– Prize: $500 and 20,000 Ad Credits
2nd Place – GoldVote
– Prize: $200 and 10,000 Ad Credits
3rd Place – xinvest
– Prize: $100 and 5,000 Ad Credits
Congratulations!!
Your cash prizes and ad credits are already added into your accounts.
You can either withdraw the cash prize or invest in any of the Plans we offer, the choice is yours.
For the ad credits, you can use it to advertise your banners and text ads.
We will soon start our Round 3: Active Referral Contest so stay tuned for our announcement of the details and when it will be launched.
But expect for bigger prizes and harder requirements. Ha ha ha!
Ok guys enjoy the rest of your weekends!
Admin, Zepp. KISnP”.

I would like to remind you here that after dropping Payza KISnP is left with three popular payment processors accepted – LibertyReserve, PerfectMoney and SolidTrustPay – with a minimum deposit of $10. The program just entered my Top 10 most popular programs which is quite a decent achievement for a low-ROI program like this after only two months. Usually it takes a lot longer. Currently KISnP accepts investments into three non-expiry plans paying 1.1% per business day, 6.25% weekly, and 30% monthly with the possibility to withdraw your original principal after the 150-day lock-in period. For larger investors there are two other plans offered with higher returns and fixed investment term – 4.5% for 50 business days, and 3.75% for 80 business days. Let’s hope that KISnP will stay with us for a long time and will make investors more profits for months to come.

EXPERTCAPITAL AND ZENITHFINANCE ON PROBLEM STATUS

It turns out the once promising newcomer ExpertKapital with a very responsive and communicative admin has become another fast summer scam after only 12 days online and failing to impress the investors who were at a loss after today’s collapse. The first issues with the payouts from ExpertKapital were detected by readers two days ago when the first complaints about delayed payouts to Payza were made. I immediately contacted the admin Julie who apologized for the delay and promised to pay all pendings asap which did in deed happen. It looks now that it was the first sign of a pending scam to which nobody paid much attention, but we should have as ExpertKapital is obviously gone now. This morning I got more complaints about the payout delays and somebody told me that ExpertKapital‘s Facebook page containing the complaints had been removed too which was another sign. As you can see, the program which had everything to become a long lasting hit decided to scam investors faster than anybody could imagine. I guess many investors were misled and deposited too much money right from the start which may well have been too tempting to the admin. Please note that being Saturday many lazy monitoring sites will be still displaying Paying status for ExpertKapital, so don’t get fooled and don’t invest in that short-lived scam anymore. MNO was the first site to move it to Problem status tonight and I also have removed all the advertising banners so not to mislead readers. It was really a bad program for everyone, but we can never predict how long its going to last and sometimes a good start, growing popularity and a talented admin with good communication skills can mean nothing.

ZenithFinance was another disaster with the program only being on Basic listing with MNO but still failing to complete even one 30-day cycle. As I noticed yesterday, my balance was not updated with the earnings last night after 31 days with the program. So I immediately warned the admin about the consequences of what was either a script glitch or deliberate scam attempt (doesn’t matter which exactly) but have received no answer (as expected). So I moved ZenithFinance to Problem status on MNO already, and would not advise to invest there anymore. That was another really poor summer scam!

INTRODUCTION OF APROFIT

After a successful run of 47 days AProfit has finally come to MNO today for a place on the Premium/Sticky list. The program proved almost a phenomena in the HYIP world paying instantly and without delays to LibertyReserve and PerfectMoney accounts during all that time. The longer-term investment plans offered by AProfit pay 250%-500% after 30 days and 3000% after 60 days, but I would recommend looking at the only viable investment plan paying from 10% to 20% profit for the duration of 15 calendar days. As I tested AProfit already myself I can confirm that my first withdrawal was really processed instantly, but please note that in some unexpected cases the admin of the program (her name is Denise) reserves the right to process them within 12 hours. She’s already registered on the MNO ShoutBox, so I hope that she will be online there from time to time and you can ask her questions about AProfit before the review is published on MNO next week. For now I can report that AProfit is runs off a licensed script by GoldCoders and is hosted on a dedicated server by VistNet, although with no SSL-encryption. More on the program will be included on MNO soon!

GET PAID REPORT FOR 21/07/2012

Here is the list of the programs from my monitor that paid me for the last 24 hours:
From MNO Sticky list:  EWFund, AProfit (the first instant payment received).
From MNO Premium list: InvestForia, SilverStructure, EurexTrade, ProfitableSunrise, BensonUnion, DividendService, KISnP, Ivecon, SafeRisk, EzyProfitHome, GeniusCapital, FinexIncome, DonaldsGroup, Invest7Pro (the first payment received).
From MNO Standard list: UFOWin, InternationalForexLLC.
From MNO Basic list: GoldTradeFunds.

OK guys, that’s about everything I can think of for tonight. Enjoy your Saturday wherever you are, in fact enjoy the rest of your weekend as well, and I’ll be back tomorrow evening with not just all the day’s main news stories but also another review of one of the more recent new additions to my monitor. Stay tuned for that and see you all then!