Hello everyone! There’s a couple of news stories to talk about tonight which you might be interested in hearing about, so I’ll be getting to that in just a moment. First on the list for this evening however are some recent developments at PerfectMoney. The ongoing saga with LibertyReserve and their pending legal battle, or should I say “demolition”, in the US courts is still very much at the forefront of peoples minds who are involved in, amongst many other things, the HYIP industry. Obviously a lot of people are very worried about this and are looking over their shoulders wondering if/when they’re going to be next. Not everyone needs to be concerned of course, they operate within the confines of the law and the services they provide are licensed and regulated. But those providing the same services as LibertyReserve, albeit on a smaller scale, are going to have to change things around a bit if they hope to continue in business.

I’m not really talking about the HYIP industry now, but rather the wider e-currency and online payment processor business of which HYIPs only occupy a relatively minor part. Truth be told had LibertyReserve limited themselves to HYIPs they’d most likely still be in business, earning a decent living well under the radar of any government agency. But instead they chose to serve credit card and identity thieves, hackers, ATM skimmers, child pornographers, and so rightly find themselves in the position they are in today – either in police custody facing decades in a federal penitentiary (anyone else seen that TV series “Oz”? Yikes!) or else spending the rest of their lives on the run.

Small wonder then that certain other providers, namely PerfectMoney, are starting to re-assess the situation and ask themselves if what they do is really worth it. In light of the recent announcement by the financial regulators in Panama where PerfectMoney were claiming to be located stating that the company had no legal standing in that country whatsoever meant some sort of action was inevitable, and the PM owners were swift in taking it. As a company they are now registered in Hong Kong, and their internet domain has been moved to Iceland. PerfectMoney.is is now live and I’m guessing the .com suffix might soon be dropped. Exactly how that by itself makes things more efficient for users is anyone’s guess, but the timing of in in the wake of the LibertyReserve seizure would make me suspect that the PM owners believe it makes them harder to find. Not to be too cynical here either, because to be fair these are not the only changes taking place on PM these days and there does seem to be a genuine if arguably fear inspired attempt to clean the system up somewhat. Because apart from the domain move there is also going to be a sort of ratings system that allows users to provide feedback on their dealings with other account holders. This should then be a guideline for other users to know who to stay away from if you’ve been scammed by someone and a means of flagging the account for the PerfectMoney anti-fraud department to investigate further, blocking the account if they deem necessary. You can read the most recent update from the PerfectMoney website below:

“Outline of latest changes to the Perfect Money System
Dear Customers,
In this news release, we would like to familiarize you with the recent upgrades we have made to the Perfect Money payment system.
In an effort to improve the brand recognition of our payment processing system, we have decided to change our domain name to Perfectmoney.IS We kindly ask our customers to take note of the new Perfect Money domain name. This is important and will help you avoid visits to fake web pages that were created for malicious purposes. Please do not use search engines; simply enter Perfectmoney.IS manually in your browser’s address bar.
Our extensive real-time rating system and fraud prevention tools will soon be available to our customers. The new system will include a completely new Peer-to-Peer rating system designed to improve our customers’ level of awareness. P2P rating and additional tools will provide reliable information about accounts within our system, thus minimizing the risk of fraudulent activities.
Perfect Money actively seeks and blocks accounts that violate our Terms of Use. This new tool will enable our customers to report potential violations, thus assisting Perfect Money’s anti-fraud department in its efforts.
At the moment, the Perfect Money anti-fraud department is able to identify and monitor up to 95% of accounts that were created for fraudulent purposes and block them before a crime has been committed. Armed with new capabilities we, together with our customers, will improve the above stated statistics and transparency of financial operations!
The introduction of the new system marks the completion of the Perfect Money corporate restructuring process: following lengthy but constructive negotiations, we have concluded our merger with Startup Research and Investments, a company that has made a multi-million investment in the development of our IT infrastructure and marketing system. Startup Research and Investments specializes in acquisition and subsequent development of innovative, high-potential information technology businesses. The company has extensive management and technological know-how, that when combined with expertise in corporate affairs, is beneficial to online businesses. The merger provides Perfect Money solid legal basis with assistance from a holding company. It also enables us to speed up the development of Perfect Money e-currency while introducing our services to new markets. We are confident that the merger will enable Perfect Money to provide even better services to our customers.
The Perfect Money team does its best to elevate customer experience to a new level. We believe that every upgrade brings us one step closer to our goal – the perfect financial tool!”

OK, all that’s definitely a step in the right direction but still falls short of what would bring PerfectMoney the mainstream credibility they think might save them from the same fate as LibertyReserve. Warning customers to not deal with certain account holders is great, as is blocking those accounts. But what about a refund? What about researching the identity of those account holders to begin with? It certainly helps, and it makes PerfectMoney better than LibertyReserve which I always thought they were anyway, though if they want to exonerate themselves from any accusations that they too enable money laundering then it really doesn’t go far enough. Another recent move that sees PerfectMoney refusing to accept US citizens, residents, or businesses as clients and withdrawing their services from them was predictable. Operating online means you don’t have to be physically located within the borders of the US in order to break their laws, therefore it’s understandable that they would want to avoid that. Whatever way they decide to actually enforce this remains to be seen, though again anything other than strict ID checks would seem to fall short (checks on IP addresses are made obsolete by VPNs, proxy servers, etc).

At the end of the day it’s difficult to draw a line under this and say where PerfectMoney are going with all of this. HYIPs would be a lucrative side but far from the main thrust of their business, all of which needs to be severely cleaned up. Cosmetic changes as such do nothing to alter the legality of the services they provide, though it has to be acknowledged that this is at least a major step in the right direction. In the wider world of e-currencies PerfectMoney are less likely to take over the leadership of the market left by LibertyReserve (good riddance to them I say, though I’m not entirely sure that under the current circumstances PM would want it anyway!) than maybe the likes of WebMoney. But in that corner of the market catering to the HYIP industry they are in prime position to take over that section of the business they cater for. Provided they can stay out of trouble with Uncle Sam that is, but at least they can see them coming now and are trying to do something about it.

DAILY NEWS FROM THE INDUSTRY

WUNEVASSETS – ALTERNATIVE LOGIN PAGE AVAILABLE

I’m pleased that the admin of WunevAssets listened to complaints received from the potential investors and members who had difficulties logging into their accounts in the program. The solution came in the form of an alternative login page which you can use instead of trying to log into your account from the main page, and hope that will alleviate the frustration caused to some by login issues. Here’s the latest message from the admin containing the required link for those interested:

“Alternative Login Page
Please note this alternative login page if you have trouble logging in on our main page at any time: https://wunev.com/login.php”

For those of you who didn’t read my review of WunevAssets published here, I’ll remind you the program accepts SolidTrustPay, EgoPay, and PerfectMoney to just one available investment plan paying 3.5% for the duration of 75 calendar days. During the first days online WunevAssets managed to get the attention of investors looking for a program unaffected by the recent events with LibertyReserve, and they found it in the form of WunevAssets that launched just a few days ago.

SECUREASSETS – EGOPAY ADDED AND DEPOSIT BONUS PROMISED

Although the admin of SecureAssets had no intentions of adding EgoPay, as he preferred to deal with the totally anonymous PerfectMoney and LibertyReserve e-currencies, the LR shut-down left him without much choice in the matter unless he wanted to be left with only PerfectMoney. Investors appreciated the recent decision to converting LibertyReserve to PerfectMoney at a 1:1 ratio, but apparently it also caused a cashflow issue at the same time. In addition to the EgoPay addition mentioned in today’s newsletter we saw a 30% deposit bonus offered to investments in the 2.2%-2.8% for 100 business days with principal returned on expiry. The bonus will apply to all the deposits made either via PerfectMoney or EgoPay. It’s obvious to me that after almost two months online and the recent LR demise and the decision to convert LR to PM doesn’t come lightly, but I hope that SecureAssets (reviewed here) will be able to survive and continue paying. We will see how the EgoPay addition and 30% deposit bonus will work out for them in the future:

“SecureAssets Accept EgoPay
From today SecureAssets accept EgoPay. Also you can directly edit your EgoPay or PerfectMoney account number from edit profile section without waiting period.
For attracting new investors and keep our old investors satisfied, we will add 30% deposit bonus to the users who deposit through EgoPay or PerfectMoney during 4 and 5 June.”

BLACKGOLD – ONE MILLION IN OPERATING FUNDS ACHIEVED

BlackGold (reviewed here) is also apparently struggling after implementing exactly the same action as SecureAssets did, allowing those who originally invested money via LibertyReserve to convert the profits into PerfectMoney with 1:1 ratio. Of course, BlackGold was in a stronger position to begin with, as from almost the beginning the program also accepted EgoPay and PerfectMoney, and now they don’t need to think about adding more payment processors to satisfy potential demand from investors. That didn’t stop the admin from promising to add one more payment system in the future, and in my opinion, it will only work positively for them if it’s going to be SolidTrustPay, which I hope it will be though not explicitly stated in today’s newsletter. This was not the only subject for discussion there, as the admin of BlackGold managed to insert some self congratulatory words about their reaching one million dollars in capital, which in my opinion is a totally exaggerated figure that cannot be verified anyway. But I guess the confidence of investors nowadays must be bought by constant reports on the financial health of the HYIP. So I believe BlackGold is doing everything right, as it’s still paying instantly on the following plans with principal back on expiry – 1% for 30 business days, 1.4% for 50 business days, 1.6% for 60 business days, 1.8% for 90 business days. The latest newsletter can be read in full below:

“Site BlackGold news posting
Dear investors!
We are delighted to announce that the account balance of our company on the commodities exchange has now reached over $1,000,000!
This is a great achievement for us and we would like to express our gratitude to our traders, for all their excellent work, and to all of our investors for their confidence in our company – a big thank you to everyone!
We would also like to inform you that, for your convenience, we will be adding a new payment system to the website in the near future.”

PUREINCOME – SOME TECHNICAL ISSUES BEING RESOLVED

Many investors in PureIncome (reviewed here) were concerned yesterday and today about temporary inaccessibility of the website. It didn’t affect the payouts on the variable up to 2.9% daily plan and they were properly processed to PerfectMoney and EgoPay accounts. Today the admin also issued an update explaining the reasons for the downtime as a problem with their hosting provider which is currently getting resolved. Investors needed to hear this update from the admin himself not to worry about their earnings, so I’m glad PureIncome issued the following update which I’m re-posting below:

“Updates from PureIncome
Dear Paul,
Yesterday we experienced problems with our hosting provider so our website’s connection was not stable. Just now connection is ok but there are some problems with logging in using Firefox and Chrome, but we are looking into it and we will solve this in a couple of hours. We are sorry for the situation and we ask you not to worry – your account is safe and all withdrawal requests will be processed in time.
Sincerely, PureIncome Team”.

ROULETTEGURU – STOPPED PAYING! DO NOT INVEST!

RouletteGURU has become the newest addition to Problem status. The program managed to survive only one week following the infamous LR collapse and didn’t even make it to a sixth week online. It’s hard to judge now whether the program would have been more successful if not for the LR débâcle, but it definitely didn’t help the program and those who invested in it and didn’t reach even the break-even point. With the 3% return on business days only it was simply impossible, and therefore we can safely regard RouletteGURU a total failure. Let’s hope that we see less such disastrous events in the HYIP industry during the next few months and that the remaining payment processors can provide us with proper services to accommodate everyone participating in the investing/gambling process.

GET PAID REPORT FOR 04/06/2013

Here is the list of the programs from my monitor that paid me for the last 24 hours:
From MNO Sticky list: SecureEarn.
From MNO Premium list: RewardsWeekly, MalaysianINC, BriscoFund, EuroStar, RonWards, RFIGroup, SilverOz, WunevAssets, BlackGold, ProfitBuzz.
From MNO Standard list: PureIncome.
From MNO Basic list: InvestmentCapital, GoldAssetsFinance, FiamaCorp, TheInvestmentBank, ForexShare, RebateDailyProfits, CycloGroup (the first payment received), ProfitHome (the first payment received).

That’s it for tonight, guys. Thanks for reading and see you all on Thursday, as tomorrow I’m taking a day off. So stay tuned and see you all then!