19/03/09. E-Deposit Review and Other News

THE PROGRAM IS PAYING SELECTIVELY! PLEASE DON’T INVEST!

Hi guys! Well it’s been another busy busy day for money-news-online and it seems that again I have to start posting twice just to stay on top of things. I hope you all enjoyed today’s interview with Robert from GoldNuggetInvest by the way. But I won’t stray too far from this evening’s topic so I’ll just say if you haven’t read it yet you can do so further down the page and leave it at that.

But back to the matter in hand. Today I would like to discuss a program I joined the other day called E-Deposit. It’s kinda difficult to call this a new program exactly. I mean they have been paying out successfully for the last three months. But on the other hand they have also pretty much had a complete overhaul of the investment plans on offer so I think we can still treat it like a new program. Also up to this point I am only aware of E-Deposit being monitored by GoldPoll. No disrespect to those guys, they do a fine job, but the lack of advertising has meant that a lot of investors (myself included) were not really aware of this program. Feedback from those who were aware of it though is largely positive. All this will soon change though with a much more aggressive advertising campaign getting underway. And in many cases it can be extremely beneficial to programs to have a slow and gradual period of growth following its launch.

As HYIP’s go I guess I’ve seen better. And I’ve also seen worse. I do like the plans though and think they offer an opportunity to make a decent profit in quite a short period of time. And at the end of the day, isn’t that the reason you’re reading this blog? So let’s start at the beginning.

The first plan offered by E-Deposit is the one of most interest to the average reader, offering you a 16% rate of interest paid daily on your investment. It’s actually a bit misleading so please be aware of one fact if you are interested in this. The minimum deposit you can make here is $5. Not $25 which is stated on the home page. So if you either don’t have a lot of money, or just prefer to test it out with a small spend first, the option of going in with just $5 is available. The maximum investment is $1000 so that pretty much covers the majority of investors. The investment term is 7 days. Principal not returned. A sample investment of say $100 here will see you with $112 given back to you after a week.

The second plan, which may interest a few of you, starts at $1001 and goes all the way to $5000. An investment here will earn you 17% daily, also for 7 days. Again your principal is not returned.

And finally the third plan starts at $5001 with no ceiling. I don’t expect many takers there but for information purposes I can tell you that the rate of interest on offer here is 19% daily paid again for 7 days with no principal returned. The payment processors being accepted at the moment include LibertyReserve and PerfectMoney with no indication that this will be expanded anytime soon.

The security of E-Deposit remains something of a gray area for me unfortunately. The admin is for some inexplicable reason claiming to be hosted on a dedicated server but it is quite a simple task to check this out for yourself. And it quite clearly is not on a dedicated server at all. Rather it shares it with no less that eleven other sites. It is hosted by Fivva Networks, who I must admit to being unfamiliar with so am unable to comment on their service just yet. But as this is clearly not the correct information, (and to be honest I’m surprised that it is still on a shared server after so long) how can we be sure of the other claims? They say they offer telephone support for instance but then neglect to give us their number. Live chat support is also supposedly available, but no sign of a link for that anywhere either.

So to sum up, E-Deposit has promising plans and could make a quick profit for those who know how to play such programs. Security needs some work, but they have been online since December so it’s up to yourself how seriously you want to take that aspect of it. I would however strongly advise you against believing their far fetched claim that online investing is better than a bank savings account. Just remember to treat this one as a game.

Other news for today.

First I would like to issue a warning against depositing into two programs: PacificSurfing and Capital-4You. As for PacificSurfing it seems they went down already having paid only to some monitors who joined on the Day 1. Me and the majority of others have not received anything yet and honestly the chances of getting anything from the admin of PacificSurfing are quite slim so just be aware of that. As for Capital-4You I just realized last night that they stopped paying. Sorry for not being able to update their status earlier but since the program is paying once every 5 days I didn’t know it stopped payouts until somebody pointed this out to me. Last time when I heard from the admin of Capital-4You was a couple of days ago when he asked my advice on how to deal with the famous blackmailer hyip365 who tried to DdoS his program. Of course, I advised him not to pay to the extortionist and unfortunately it was the last time I heard from him. Maybe he ran into some other difficulties of which I’m not aware of but anyway, the payments have stopped so I would not recommend to spend any money in Capital-4You for now.

Good news for those invested in StanCapital (reviewed here). I had my 3 day plan expire and was paid in full within an hour of requesting a payout. I have a good feeling about StanCapital and I’m sure that with such sustainable plans it can easily be online for a couple of months. Anyway, as it always happens with good programs StanCapital has been attacked by blackmailers and paid negative voters recently. The admin of StanCapital made some clarification on this issue in the program’s folder on TalkGold forum:
“All the bad votes are fake votes. No pending withdrawal and no selective payment since StanCapital online.
The scammers attacked our site by fake votes several days ago on goldpoll.com, we found they attacked all the monitors yesterday.
As what I said: They didn’t made any investment in our site.
This is my finally announce of this.
I am glad to see members can vote us or post the authentic payment on the forum after you got paid.”

The admin of ProjectSurf (interviewed here) issued another long update today where he boasted about the new plans that are going to be implemented soon, asked for members’ ideas for upcoming contests and announced that from now on the script was enhanced and the members are able to make deposits from their cash balances and save on payment processors fees in such way. Read the latest update from the admin of ProjectSurf Frankie below to find out more:
“Hello Everyone, I want to thank everyone for their support. We are growing nicely and surely, I have great things planned for this membership and I will do my best all around to create something special. I am going to do things to this site and my program that you have never seen before between implementation of modules to niches. I will keep doing that whereas we will have a super surf site will different niches to generate revenue in all directions and giving my members more incentives to generate income as a group.
As Requested I have modified the script where you can now upgrade from your account balances from each processor you originally upgraded with saving you on fees etc.
You no longer have to get a cash-out to upgrade again – you can do it from your cash balance right in the member’s area. –
If anyone wants to put their web site in the premium section “Sponsored by Admin” which will appear in the first pages of the surf rotators let me know I can do that for you for 20.00 dollars for the week as a special I am running for my members! –
You can even upgrade with 20.00 dollars or more and shoot me an e-mail at admin@projectsurf.com or use the contact link on ProjectSurf with your details and I will do that for you. –
I am thinking about the next contest coming up – but if anyone has any ideas shoot them my way… I want to run contest weekly. Here is one NOW for the members to decide!
The members with the best ideas for a contest (3 Winners) will win 100.00 dollar gift certificate to Restaurant.com
All Ideas will be posted in the contest section in our forum and the members will decide on which one is the best by posting their votes under each Idea in the Forum.
In order to participate in the contest please send 2.00 dollars to any one of my payment processors- (Shown below)
In the memo field of the payment processor please put your idea for the contest/ and your project surf I.D and I will take care of the rest. (I will post your idea in the contest section and have the members decide on which one is the best by the votes) Come on Everyone I want to see Great Ideas!!! – Please have your ideas – in by Friday Night at 12:00Am EST – I will set everything up this weekend and we can start the voting on Monday! So Much More To Come!”

Today another update was sent from the admin of InvestEvolution (reviewed here) where he announced the winner of the raffle contest, got a word on the stats and the advertising budget spent and (oh, my gosh!) announced the launching of the new autosurfing program by InvestEvolution in the coming days. So InvestEvolution being quite a unique HYI program in some way keeps surprising the investors. Hopefully all future surprises will be pleasant and not painful for the members of the program. Here is the most important excerpts from the recent update sent to the members of InvestEvolution and published on the site’s blog:
“We completed one week online recently. I’m not here to celebrate one week, InvestEvolution has potential for much more, but this week is important to tell you that program keeps growing very stable, cash level is increasing day-by-day and it will sustain the program for long period, I’m sure.
In this moment we have about 350 members registered with over $6500 invested. In the past days I dedicated my time dealing some advertising exchanges with some other known sites of this industry. I also purchased some advertisement in a few other sites. Money-news-online, AutosurfAuthority, Refback80, Moneymakergroup were some of them. I’m working step by step to advertise InvestEvolution but also keep the quality of service and speedy of payouts.
The lucky number of the week is 170, the winner of the raffle is member #343 (Felix Di Donato). Congratulations to the winner! I want to remember that only active members earn prizes in the raffles, I had to draw numbers twice because the first winner is not an active member in the moment.
I ask the winner that please contact me telling what payment processor he prefers so I can credit his account with the prize.
Do you like autosurf?
I’m preparing something new for you members, visiting forums I could notice that audience of Hyips is not the same of Auto/Manual Surfs, many investors prefer autosurfs and don’t check hyips, as well as hyip fans usually don’t look for autosurfs. Thinking about it I decided to attend autosurfers as well creating a new program with same quality of InvestEvolution but that serves its clients with traffic.
So you can expect to see a new program by InvestEvolution up in the coming days, I’m still dealing with design and script but everything should be ready in next two days. So, if you have friends that don’t like hyips but love autosurfs tell them soon they will have a fresh program to enjoy.
Every message sent by me is also published in InvestEvolution Blog. So if you receive an e-mail claiming to be sent by InvestEvolution administrator it will be also posted in the blog, else you can ignore because it’s not sent by me.”

Guys, if you haven’t read the second interview with the admin of GoldNuggetInvest Robert which was published on my blog earlier today you can do so by clicking the link here. Surely this interview should not to be missed. So many plans to implement including incorporation and privatization! This definitely needs a second look. If you are still not in GoldNuggetInvest I wonder what you’re waiting for. Being online for more than 2 years it proved to everybody that managing an honest and profitable business online is possible. Although GoldNuggetInvest doesn’t position itself as HYIP (I agree with them on that to some extent) the profits of 0.7%-1.1% daily to 6% weekly are still quite attractive and the possibility to withdraw your original principal at anytime is adding to their level of credibility. The huge variety of payment methods and stable day-by-day payouts is another advantage of being a member of this already $1 million business empire. Forget about small HYIPs with tiny budgets – we are talking hundreds of thousands of dollars here! So with GoldNuggetInvest you will be on top of all HYIPs for sure. This is the exciting update everybody was eagerly anticipating from Robert:
“As we have maintained in all of our recent communications, GNI is not just growing, we are evolving into a credible business venture earning respect and accolades in the global, online investment community.
Please allow me to brief you on the upcoming changes, related to our project.
Incorporation:
I would like to take the opportunity to tell you, the heart and soul of GNI, our clients; we will become incorporated in the next couple of weeks. The finite details will be released at a later date. The principal benefit to you the members, is the legality of our venture and the peace of mind that we are operating within and complying with an official regulatory governance.
We are living in a time where big financial institutions are collapsing and the set-up of an offshore structure wouldn’t delimitate this fact. Saying so I just want to point out that the measure to incorporate the project GNI might not give you more security – being with us requires common trust in our undertakings and will so in the future. The real benefit of our incorporation is that we are insulated from foreign regulatory entities and their abilities to shut us down for non-compliance or failing to adhere to ‘THEIR’ rules (despite our ethical and moral dealings with our trusted clients). We will be licensed to do what we are doing!
Direct Bank Transfers / Bank Wires:
Another important feature of our incorporation will be the introduction of a banking feature that will give you a new level of convenience, reduced costs by eliminating e-currency fees and program viability. What I am referring to is the ability to accept bank deposits. This will be priority one upon successful conclusion of our incorporation. It should happen within weeks after the incorporation is concluded.
Regional Representatives:
This is just the beginning as our plans for GNI are broad and far reaching… Some other aspects of our Program Enhancements include appointing representatives to to work with members in various, defined regions and countries. Some of these representatives have already received their appointment, we just are not quite ready to release this information.
As you all should now be fully aware, we brought Todd in to run our Customer Service Operations. Once he is fully capable and understands completely the ticket based, Customer Resources Management Program, we can go to the next level which is telephone support.
Telephonic Customer Service:
Currently this matter is being ‘mulled over’ within GNI to ascertain what kind of phone support would best serve our new and current customers, our VIPs and of course, the logistics of it all. We haven’t decided any of the details so I would like to reserve any further comment in this regard.
Growth of GNI:
Some of our other plans include elevating Todd to the position of a trader. He will then bring in and train a new Customer Service Manager.
What this will do will allow GNI to grow beyond the current $1.2 million threshhold that limits GNI’s growth. It is our opinion that a good trader can manage around $600,000 of surebet funds. Someone like Jurgen, a trader with substantial trade experience can handle a bit more; whereas someone with little or no experience like Todd, significantly less.
How much we grow beyond the $1.2 million dollar amount will depend largely on Todd and his abilities to master the fast-paced and grinding ‘surebet’ arena. We have high hopes with Todd, but one never knows until such time he is actually in the ‘mix.’ This (surebet trading) is NOT for everyone…we’ll just have to wait and see.
The introduction of regional representatives to assist our new and existing clients with the most basic, yet potentially most frustrating aspects of the GNI system, and support system. It taxes our administrative resources and by enlisting the assistance of these representatives, it will help those of us here in the office to be able to lead a more normal life and give our family and friends the time they deserve.
These representatives will necessarily be well versed in all aspects of GNI procedures and operations. They will be working directly with Todd to provide an additional layer of Customer Service and Support all with the aim of increasing our your level of satisfaction with our program that we have worked so hard to create.
We already appointed representatives in the following countries and regions and the official introduction will be made public soon: USA, Germany, Italy, South East Asia, Colombia and for the French speaking countries of West Africa.
If any of you are interested in representing us in their country or region please contact us. We currently have needs in the UK, Canada, France, Brazil, Spain, Australia and the Scandinavian countries. These are all key markets and have determined that a representative would be well-suited in each of these areas.
Is GNI going to ‘go private’?
We are most definitely going to be private again. Initially we were planning to go private at the $1.2 million dollar mark until the decision was made to create a new ‘Trader Position’ giving us more latitude in growing the venture to the $1.8 million dollar mark; again it just depends on how well Todd is able to grasp the concepts.
Our time frame WAS to go private in conjunction with the announcement of our intent to move our operations off-shore (middle/end of April). With that being said, no, we don’t have a definite time frame.
So far as re-opening the venture to new investors, after going private?….the answer is an emphatic….NO. You see a trader’s capacity is $600,000.00 (plus or minus a few dollars). Even our current investors would not be allowed to increase their investment level once the doors close. The only way a current investor could or would be able to grow their investment further, is if a current investor sold or withdrew their principal balance, releasing some capacity for a new investment. Todd is our last trader. There will be no others.
Basis for Change. All of the changes that are being considered implementing are done on the basis of increased customer service and the health and longevity of the program. It is our intent to fully comply with international, national, regional and local laws. If we don’t, we’ll be shut down, jeopardizing the sanctity of all of our funds. That is unacceptable. We want and need to stay transparent with regard to regulatory requirements and are only doing what we have to do to comply.
GNI vs. HYIP We don’t consider any of these so called High Yield Investment Ponzis (programs) to be our Peers. We run our operations from the internet, as do the HYIPs. That is where the similarities start and stop; GNI has an actual business plan which follows our business model. We have a real and defined method of trading and are generating a sustainable level of income while comfortably rewarding ourselves for the hard work that we are doing and have done.
Conclusion. No drama here folks. Please just think before you ask. Don’t ask us to break rules unless a true emergency exists and BE SURE to follow the tax laws in your own jurisdiction and finally, remember there exists today a world engulfed in famine, starvation, poverty and torture. If you have some ‘extra’ money, consider donating to a worthy cause of your own choice. You won’t miss the money but if you don’t help, they will die! Please think about this…
With this in mind until next time“.

In the end of today’s news section let’s see what we have in the world of payment processors. Ok, StrictPay reopened withdrawals (though limited to $500) to Debit Cards. I have already tested this option and it seems it works perfectly well. The only disadvantage is the existing limit and the longer process of getting your money on your debit card. Well, I suppose they are only temporary difficulties that will go away with time. The fact itself is very encouraging though.

AlertPay issued yet another update on the credit card outage which might be extremely inconvenient for many members. Is there a light in the end of the tunnel?
“Credit Card Outage – Update
We want to give you an update before the weekend. At this time, we still have no further news regarding the credit card outage. We hope to resolve the issue in the next two weeks. We are making changes so this outage does not occur again since this has hurt us as a company, and — most importantly — you as a member.
We are working on this issue from many angles, and will have more news shortly. Please note that you can still use an American Express credit card.
AlertPay Balance
There has been a substantial surge in deposits to fund AlertPay Balances. With 3 Million members, business account holders are benefiting from members with AlertPay balances!”

There are two important updates now available on the EvoWallet blog. The first is regarding the results of the most recent contest:
“Greetings EvoWallet Family, Our “Celebrate 4000″ EvoContest ends today. Many thanks for all the wonderful entries, over 100 in all !! It will take time to go through them all, so please be patient. Winners will be awarded on or before March 25th.
The next contest will be announced April 1st !
Have a great rest of the week”.
The second update is regarding the implementation of more secure API interface:
“Due to recent news concerning LR security issues, we have stepped up security measures on EvoWallet API with new encryption algo . This, of course, renders the old API interface useless. We therefore advise our members to upgrade their API with the new API documentation. Instructions can be found on our SCI/API page at www.evowallet.com/apidoc.php”

Finally there is a very important update published on the LR blog. It concerns those who would like to create a Premium account in the system, i.e. be verified which will give them an opportunity to order a Debit card pretty soon and which will definitely become another milestone in the development of LibertyReserve. Once implemented this will surely ensure LibertyReserve‘s status as leaders of the payment processor industry for a long time. So now who said that LR is dead?
“Dear Friends, While we are streamlining our marketing department so that they can catch up with all news that needs to be released and all collected information becomes available as promised, we are proud to announce LibertyReserve Premium.
Shortly you will see a new menu item on our web site called LR Premium. LR Premium is a membership level that will allow users to become voluntarily verified and once they are, they will be able to order debit cards, purchase LibertyReserve inventory directly from us via credit cards and to (NEW FEATURE) be able to buy and sell LibertyReserve directly to us via bank wire, for orders of USD 10,000 or Euro 10,000 or more. We will also update our fees page to reflect additional services and corresponding fees for them. Please bear with us while we transform LibertyReserve into a more user friendly payment platform that satisfies needs of all customers. This decision was rendered as a result to minimize downtime to a bare minimum (rather than performing a few small updates, we will perfrom one large update that integrates all that is needed). Estimated down time is expected to be less than 10-20 minutes. We will anounce ahead of time when this should take place.
Thank you to all our members for helping us to become one of the best payment systems on the market.”

Today I was paid from many programs and among them: InvestEvolution (first payment received), NovalexFinance, E-Deposit, NanoMoneyCorp, AcrylicTrade, MajorBarter, 10DailyIncome, GeneticsIndustry, 7Inv, GoldNuggetInvest, SilverLodge, EnscoOffshore, AsianInvestGroup, StanCapital, GeniusFunds, InfrastructureInv, ScotFund, OakCash, CrazyCashSurf, DukasFund, ProjectSurf, EdwardBrownInvestments and Cent2Dollar (first payment received).

So Cent2Dollar is a new program I just joined yesterday. Cent2Dollar is paying 2.18% for 40 days for the deposits starting from $10 (the minimum to deposit into the program) and 2.78% for 40 days for the deposits of $5K and more. Only LibertyReserve and PerfectMoney are accepted. Your principal will be returned back at the end of the investment term. There are some unsubstantiated claims on the site about Forex trading which I would pass by until its proven otherwise. You may see that there are multilingual versions of the site available but alas it’s autotranslator so the text in Russian for example looks awfully funny. Cent2Dollar is hosted on a dedicated server by SolidHost. I’m not sure if they have good DDoS-protection though. Anyway, Cent2Dollar program just started yesterday and I think I will give admin a chance to prove that his program is here for the long haul. Anyway, I’m going to review it tomorrow, so stay tuned!

By the way, another interesting interview is also coming tomorrow. And hopefully we will find out much about genetics research and that industry. So next on MNO blog – the interview with the admin of GeneticsIndustry.