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

Hello everyone! Not much news to report on this evening but I still have something for you that will hopefully be of interest to a lot of HYIP industry players. Over the last year one of the most consistent performers in the industry has undoubtedly been AustralianBusinessGroup, a long term program that first opened way back in the end of May 2012. So today I’m pleased to finally have an interview with the admin of the program, William. Of course things have changed in the last 13 months, not just in AustralianBusinessGroup but in the wider HYIP industry as a whole. But like all the best programs with the best admins, this one has evolved and grown, and if you like learned to roll with the changes. You can still read the original review of the program which has plans offering 1% for 15 business days, 1.4% for 30 business days, 1.8% for 55 business days, 2.2% for 80 business days, principal back, and 3% for 90 days, first published on MNO here, and see what William has to say about his experiences running AustralianBusinessGroup over the last year below.

“1. Hi William, please introduce yourself to the readers of money-news-online and tell us a bit more about your personal involvement in AustralianBusinessGroup. What experience do you have in either handling investors money or in the online HYIP business?

Hi, first and foremost I’d like to thank you for the interest in our company and for many other things – to thank you for the trust of all the clients of our company. My name is William H?yes. Our company was founded approximately 9 years ago with a team of two traders only. After some time passed we hired more than 80 traders all over the world and now market our company as a private investment club with a limited clients’ access, since our web-site is only 1/3 out of all clients, which besides has the smallest assets. The major amount of our clients is offline customers as our strategy lies in gathering portfolios and managing assets not by separate groups but on a massive scale. This way we can receive more profit and as a result we can pay our clients more than 3% of profit per day – but this is an individual approach and other conditions and investment amounts. This is our first and only project and we hope we are moving in the right way.

2. Can you tell us a bit about the history of AustralianBusinessGroup? How long have you been in operation? If there is anyone else involved, eg an assistant or a business partner, can you tell us about them? What was your initial motivation behind establishing your own program?

I have mentioned a few issues from this clause above. The company is managed by a family – my spouse Samantha and me. Our motivation to create the company was to create a membership club of investors to receive as much profit for all the members as possible, but gradually the amount of members increased and one had to at least partially open the doors to anyone desiring. There was a website created and investment programs offered, which one can see at our web-site AustralianBusinessGroup.

3. Can you now explain to the readers in detail about the various investment plans on offer from AustralianBusinessGroup? What are the returns offered, how long are the investment terms, etc?

The answer to this question can be seen above + I can add that the company is still on a developing stage and there is a lot of interesting moments coming, but let’s not run ahead. I’d just like to add that the amount of the payment systems will be significantly increased for the purposes of the clients’ comfort.

4. What payment processors can members use to join the program? What is the payment schedule, ie from the time I ask for a withdrawal how long will it take for me to receive it?

Currently there are 3 ways of accepting assets:
Bank deposit – it works only for Australia citizens + for the amounts of $100 000 and more on special conditions;
Perfect money for investors from other countries;
STP for people from all over the world;

We plan to add another 5 payment systems soon – stay tuned.

The time of processing requests for profit and deposits withdrawal is strictly determined to 48 hours, but in practice it is processed much faster – we have 4 operators working – but the approval of withdrawal request is given only by my spouse and me in order to prevent misuse and fraud from the side of the users.

5. How have you dealt with the recent closure of LibertyReserve, and how can members be sure that it won’t have had too much of an impact on your cash flow? What do you say to members of AustralianBusinessGroup who had deposits in your program via LibertyReserve which are now lost?

Yes, it is very good you aroused this question, since many people asked us about this when LR payment system crashed – the thing is that LR assets were not cash-backed, which means that everyone worked with them at their own risk, the same situation was with PM. That is why in this payment system we accept assets by small amount. After LR was closed we had to take the decision on liquidation of all deposits made in this Payment system as we have lost a big amount in the electronic payment system ourselves and translation and withdrawal for clients would have been a huge distress for us. We feel compassionate to all clients who worked with this payment system and work further.

6. What about the security of the AustralianBusinessGroup website? What steps have you taken to protect both yourselves and members from things like malicious hackers? Are you on a dedicated server and how protected are you from DDoS attacks? Who is your hosting provider and how highly do you rate the service provided by them?

As far as security is concerned, we use modern protection from DDOS attacks – up to 500 000 Mbit per second, also all user accounts are protected with a special mask that is taken every day. We are totally satisfied with our hosting provider.

7. Could you also tell the readers about the script AustralianBusinessGroup is running off?

We have a special script that is unique for our company.

8. What advertising strategy have you been using to promote AustralianBusinessGroup to date? How big a role have existing members played in this promotion? Are you satisfied with the level of growth so far? Do you think it could be improved upon or would you say it is at a manageable and sustainable level?

We use gradual development strategy for our company as we don’t set a huge amount of investors as out main objective, since working on a ForEx we also understand with which assets we can cope with and with which amount it would be difficult for us to work. We are totally satisfied with the stage our company is at and are gradually growing and do our utmost to make out service most convenient for our clients. As far as level our company is at, we are totally satisfied with such position. We develop in accordance with our plans and go ahead no matter what.

9. Maybe you could tell us more now about the outside business interests of AustralianBusinessGroup? How are you investing members money? Can you offer any proof either of this income or of your incorporation as an actual business entity?

Yes, sure – we will be glad to tell you about our activities and the activities of our traders. As I mentioned above our company was founded 9 yeas ago, when the world economy was not subject to such a strong stagnation. And gradually we had to adapt and to keep working we had to develop in order not to close competing with huge companies. Now we a re a confident team that works on a ForEx market 5 days a week and brings sustainable profit to our clients up to 3% per day! We take all drawdowns and losses to our account and meet liabilities precisely and on a timely basis.

10. What kind of customer service and support do you offer to investors? What are the most effective ways of getting in contact with you if I have questions or problems? I know you have Live Chat and telephone support, but what is the best time of day (GMT) to find either you or a AustralianBusinessGroup employee there?

Our operators work in chat every day 9 pm – 5 am Sydney time and 24/7 by phone. You can ask in chat or by phone about any information you are interested in.

11. It’s been over a year since AustralianBusinessGroup first launched and around eight months since being reviewed on MNO. Would you like to explain to readers what’s changed in the program and how it’s improved during that time?

That is right, we have been working for more than a year and during the work we have faced with such problems as domain blocking, DDOS attacks and many other difficulties – but we have overcome all problems and keep on working. Since the web-site was opened it has had a few changes introduced – there have been a new investment package Stability 3% – 90 days added, redesign introduced, video about our company made – and there are many other interesting things ahead.

12. What are your plans for the immediate future of AustralianBusinessGroup? Can we expect any new developments or improvements over the coming weeks or are you satisfied with the state of the program as it is?

We are satisfied not by the current company performance, but the development pace – sure we plan plenty of innovations – there will be reports about the trade of our traders, addition of new electronic payment systems and many other interesting things, but let’s not run ahead. And let’s not talk, but do!

13. And finally is there anything you feel wasn’t covered in this interview but that readers of MNO, both members and non-members of AustralianBusinessGroup alike, should be aware of? You may also feel free to comment on the review of your program plus the ongoing news coverage you have received on my blog since you were first listed. If you think anything was mistaken, incorrect, or in any way unfair then please say so here.

You have asked the right questions and we have given you detailed answers – thank you for the interest in our company and thanks to all clients and readers of your blog. We will continue performing our work on the highest level possible for many years ahead!”

That’s about it for this evening, guys. Thanks a lot to William for taking the time and trouble to answer the questions and I hope it was in some way helpful to existing members of the program and also for potential investors in deciding whether or not AustralianBusinessGroup is a suitable addition to your portfolios or not. And of course good luck to everyone involved in continuing to profit. Thanks for reading everyone, and see you back here soon for all the important news stories from the industry.