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

Hi everyone! For the last update of what’s been an otherwise busy week, mixed but overall more successful than not for you I hope, I have an interview with the admin of LinumFund. This marks the phenomenal rise of the program because today, after just 14 days of monitoring, LinumFund has reached the #1 spot in the most popular programs on the MNO Premium List. An impressive record then I think you’ll agree, but not altogether unexpected. After a slow summer season the timing for a program like this was just perfect, though of course its own merits as an individual HYIP are strong enough for LinumFund to become a leading force in the industry all by itself. The most noteworthy feature is of course that this is the first investment program in several months to be given the full approval of SolidTrustPay. Not just in manual mode without STP’s knowledge like a number of admins have tried, but with a fully functioning payments button and automated transactions. This has done much to open LinumFund up to the much more lucrative US market which is denied to so many other programs.

The other main selling point of course is the investment plans – the very reason LinumFund is in business to begin with. In following the best albeit recent traditions of the industry LinumFund is the latest and for the moment most popular program offering the so-called no expiry, “perpetual” style plans where members are paid on a permanent basis until they decide to leave. That’s when they request their principals back, and leave. This model has proved to be enormously popular with investors over the last year, and LinumFund is a prime example. Their terms are slightly different to the norm however, paying 3.4%-3.8% daily forever for those prepared to commit to a minimum five day lock-in, and 4.4%-4.8% daily forever for anyone prepared to commit to ten days or more. These are just measures to counter-act the affect of hit-and-runners, but once you’re past this you are free to collect your principal and leave at any time. You can use any of PerfectMoney, EgoPay, Payeer or BitCoin to join the program, as well as SolidTrustPay like I already mentioned. The admin’s name is Marcus, and if you like what he has to say and want more information on his program then please refer back to the original review of LinumFund first published on MNO here:

“1. Hi Marcus, please introduce yourself to the readers of MNO and tell us please about your own involvement in LinumFund. What is your role in the day to day running of the program?

Hello Paul and MNO readers. Let me first thank you for our project review and for introducing our company to your readers. Sorry for the delay in answering this interesting interview Paul. As you all know, LinumFund has grown tremendously over the past days and we were just so loaded with obligations on the company.

My name is Marcus Jordan. I am the founder and chief executive of LinumFund. In this interview I will try to be absolutely honest with readers. This means that I will NOT tell you that I have experience in the trade for over 20 years; that the project has worked for 10 years offline, and only now released to the Internet; that we have a great team of traders, and we do have a profit of 80% to 120% per month, etc. Generally, I will not stick to the “legend”, as is usually done by executives of HYIP programs in such interviews.

My experience in the HYIP industry goes back about 10 years. My responsibilities include almost everything: work with deposits and withdrawals of funds from the project, control over the distribution of the balance in payment systems, work support, etc. To a lesser extent I am involved in the technical side of the project – for this we have a programmer and system administrator.

2. Can you give us some background information on LinumFund? How many others are involved with the program or are you operating alone? How long have you been online?

LinumFund is a classic investment project, in its modern sense – we have made the investment plans considering the latest market trends. Initially, the launch of the project was planned in April and May, but due to problems with verification of STP start of the project had to be postponed. The project was launched on August 29, 2014. Except for me, there are five more people that are involved in work on the project. All of them have their own responsibilities (support, server administration, programming, design and trade on markets).

3. Explain the investment plans in detail to us. What ROIs are on offer? What are the minimum and maximum amounts to invest? What payment options are you currently accepting?

Investment plans are quite simple and understandable. Much less, Paul has told enough about them in the review of our project. Brief information on the plans is as follows:

In the Professional plan group you get from 3.4% to 3.8% of the deposit amount every day (depending on the amount of the deposit) for an unlimited period. The minimum deposit amount is $20,000 and maximum is $50,000. During the first five days your initial deposit (principal) will be frozen. After this period, you can withdraw the deposit at any time.

Advanced plan group offers higher profits – from 4.4% to 4.8% per day. But here, your deposit will be frozen for ten days. The minimum and maximum deposit amount is $10,000 and $50,000.

Currently we accept for payment PerfectMoney, EgoPay, BitCoin, Payeer and SolidTrustPay. Project verification in Payza has been lasting for about 3 weeks – during last week we got no response from them. So, it is too early to talk about terms of adding Payza.

4. SolidTrustPay have become notoriously difficult this year for the admins of online investment programs such as yours to deal with. Without giving away anything confidential, can you talk a bit about how you were successful in getting approval for LinumFund?

Here everything is quite simple – the most important issues are perseverance and patience. In the case of STP patience is especially important. I often had to pass the verification in STP, and each time it gets harder and harder. In the case of LinumFund, we were refused twice, but we did not give up. The same I wish others HYIP administrators.

5. I know that members can make a partial withdrawal of their principal if they would like to remain members of your program, but what about adding extra money to existing deposits? Is this possible, and if not then would you consider allowing it for the benefit of returning investors who don’t want to start with a new lock-in period?

Yes, many investors ask us about it. But we did not find it reasonable to add this feature from the very beginning. However, in the near future we are going to add some new features to the site, including the possibility of increasing the active deposit. Perhaps by the time this interview will have been released, site features will allow doing that. Once this feature is available we will inform our members in next newsletter.

6. How secure is the website of LinumFund? What are you doing to protect it and members’ accounts from hackers? Are you on a dedicated server? Who is your host? What kind of anti-DDoS protection do you have?

Security of user-entered data is protected by Comodo Extended Validation SSL. Our project is hosted on a dedicated server that is provided by DDoS-Guard. They also provide us with protection against DDoS-attacks. Initially we planned to use the BlockDos service, but the situation with long DDoS attacks on the project BTCLegacy (which BlockDos had not managed before) made us choose a DDoS-Guard.

At this point you may encounter slow loading of our website that is related to the extremely large number of simultaneous visitors. But we are constantly being engaged in finding solution for zero error capacity; by gradually increasing the capacity of our server (we are adding the number of cores, Random-Access Memory etc.).

7. What kind of script is LinumFund running off? Where did you get it, how safe is it, and why do you think this one is most beneficial for you as an admin and your members?

Initially, we planned to use custom script (made to order), but considering delay of the project start, we completely changed the investment plans, referral program, etc. We did not add changes to the existing script, and just left it for the next project. For LinumFund we decided to use a universal h-script – it is quite safe, it has a wide functionality and, if desired, it is possible to make any changes, since the script comes with an opened source code.

8. Can we see any statistics regarding LinumFund? How many members have joined since the beginning and how many are active at the moment? Are you pleased with the support from the members so far? How important a role do they play in bringing in new members?

Many users have asked us to provide detailed information on deposits, payments, number of members, etc. So a few days ago, we made changes to the section “Statistics”. Articulate concrete figures now meaningless, because they are constantly updated.

As for the number of deposits at the start of the project, we were very surprised about such high activity. But we survived this onslaught, and all members who had invested in the first few days of the project, have already received their profits regardless of the chosen the investment plan. Now the project is progressing evenly – many members, who withdrew their deposits a few days ago, invested in the project again.

9. How can members contact you if they have any questions or support related issues?

The quickest way to contact us is to send a message to support@linumfund.com or create a ticket via Live Chat. We try to answer all messages within one hour. There is also Live Chat, but we have not yet managed to establish its work on schedule. You can also contact us by phone: +4402032396055. In the near future we are going to add the “callback” feature. Unfortunately, we have no time to support Skype, but we have an open Skype-Chat organized by one of our representatives (more information on this we will provide in the near newsletter).

10. In particular relation to the Live Chat, what is the current working schedule there and what will be the best time for members to find an operator there? Do you participate in the Live Support yourself or is this done entirely by paid support agents? Also tell us why you were forced to close the Live Support on weekends. Has the situation improved at all now that the program is getting more established?

The situation with Live Chat is still not easy. We had to turn it off because 90% of all messages were spam. A few days later our Live Chat started working again, but unfortunately, I and my colleagues could not deal with the large number of visitors. We hired two more people to work only in the Live Chat, but we were not happy with their work. Currently we are negotiating with several companies that provide support services. I think in the next few days, Live Chat will start working on a schedule.

11. What have been the most common questions and problems you’ve had to deal with so far? Is there anything you wish to say here so that members can avoid having to contact you later?

Yes, we encountered a range of problems at the start of the project. Some members when choosing «Advanced plan» money were still investing in the «Professional plan». But we found the problem right away and solved it. Later, members whose investment plans were changed manually encountered a problem with the withdrawal of their deposit – error «Low balance». But our support team is able to solve such problems in a few minutes. Therefore, there is no reason for worrying for the withdrawal of deposits.

Occasionally some deposits made in the STP are not automatically added – we cannot do anything about that as it is a problem of STP (incorrect work of API). We add these deposits manually on the first request of the investor.

12. How have you been promoting LinumFund so far? What advertising strategy have you been using? How are you getting new members to join?

Of course, at the start of the project we decided not to invest much money in advertising. It was enough to be in cooperation with 3-4 monitors that offered a high rate of RCB. Also at the beginning of the project we had enough support from our customers. Besides, the awesome overview on the MNO really helped us. However, within 1-2 weeks, we are going to begin the implementation of a large-scale advertising strategy. In addition to promotional activity in the near future we plan to launch a bonus program. We are currently considering several options for bonuses. Probably, there will be two bonus programs offered – one to attract new investors, and the second to motivate existing investors.

13. What exactly are you doing with investor’s money? How are you investing it and how are you generating the profits being made to members? Keeping in mind that 99.9% of MNO readers will only ever regard you as an online HYIP and a form of gambling regardless of how you answer this, would that be an accurate assessment?

I promised to be honest in this interview. So I will say this: yes it is really HYIP and the biggest part of funds is not invested. But a few years ago I realized that it is silly not to invest at all. Especially due to the fact that many payment systems now require trading reports for verification. To solve this problem we found two professional Forex traders who operate in the market with the part of the deposits of our investors (20% to 40%). This allows us to make a small profit. Of course, this money does not cover the profit that we pay to investors of our deposit plans – but it does really extend a little bit the life of our project.

14. And finally is there anything else you wish to say not covered in this interview? Also please feel free to comment on the review of your program published on MNO. If there was anything you felt was unfair, mistaken, or in any way in need of clarification then you are welcome to explain this in your own words here.

Finally We are extremely satisfied with your review Paul and being its our First of this kind we are happy that MNO, a very well known online investments blogger made it convenient for us to reach a wider group of Investors. I would like to thank everyone for their attention, all the readers of your blog, and you personally, Paul, for very timely and necessary questions. This interview with you was a great pleasure for me. We wish you the very best for your monitor and blog and hope that it will reach many more achievements in the future.

Thank you for this opportunity for us to connect with MNO readers worldwide. We truly appreciate this gesture.”

Thanks a lot also to Marcus for taking the time out of what must surely be a pretty busy schedule to answer my questions. I hope existing members of LinumFund found that as interesting and at times even as enlightening as I did, and if you’re not a member then I hope you found it useful in deciding whether you think the program is suitable for your own portfolios or not. But whatever you decide, I just want to finish for today by wishing the very best of luck to all those with a stake in LinumFund. Not only the admin but also, and especially, the investors. I hope it turns out a great success and a profitable investment for as many of you as possible. I’ll leave it at that guys. Thanks as ever for reading and don’t forget to tune in again tomorrow for the the latest news from the programs listed on my monitor and a more detailed look at the newest program added to the MNO Standard List. Bye for now and see you all then!