04/10/2011. GeniusIncome Review and Daily News from the Industry

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

Hello all! For the second update on MNO tonight as well as all the usual news stories (coming up in a few moments) I want to take a closer look at something that while not exactly a new program is nonetheless a promising one. It’s called GeniusIncome and I’m sure a number of you will probably be familiar with them already. I say it’s a promising one because despite the three months online GeniusIncome offers quite a modest return which means interest from investors tends to build up a lot more slowly and information about them tends to take longer to filter through around the industry. Promise doesn’t always turn into results of course but it is at least reasonably well organized so maybe it will turn out to be another slow burner that surprises us over the coming months. I’ll take a look at some of the main features for you here anyway so you can see what you think.

To start with I have to say that the admin makes an unnecessarily complicated job of explaining what is essentially a very simple investment plan. Maybe not “complicated” exactly but it’s just laid out in the form of a graph without much written information about them. Then again there’s not all that much to say I suppose as it’s basically just one plan with five variations based on how much you’re prepared to spend. As is typically the case with programs like GeniusIncome not all these options are even remotely affordable to the average HYIP player, but the good news is that they will start taking deposits from a $10 minimum so you can at least take some part in the program.

So deposits starting from that $10 minimum up to $1,000 fall under what GeniusIncome call The Adept Plan. It runs – as do all the program’s plans – for a term of 180 calendar days, which is close enough to six months. You can deposit anything up to a $1,000 maximum and in return GeniusIncome will pay you 1.2% interest on that every day for the plans duration. That should add up to a grand total of 216% which will be in addition to your principal which is then returned. Of course if the term sounds a bit long for your tastes at first then there’s always one very important stage in any long term HYIP you need to look out for – the break even point. If GeniusIncome are paying you 1.2% interest per day then you will eventually earn an amount equivalent to your deposit after 84 days. That’s the point at which you can no longer possibly lose money no matter what happens next in the program, and everything you get from that point on is pure profit. The first investors in GeniusIncome have already reached this point.

I imagine that’s going to be the plan of most interest to the majority of readers here so let’s take a look at a practical example. Let’s say you invested $100. That would result in GeniusIncome paying you back $1.20 per day for 180 days, with you earning an amount equal to your principal after 84 days, and completing the term with payments coming to $216. Your original $100 will than be added to that.

For the more serious HYIP players GeniusIncome‘s higher cost plans start with The Mavin Plan which will take deposits from $1,001 to a $5,000 maximum. Like I said all the plans have a 180 calendar day term and this one makes daily interest payments of 1.5%. That will allow you to break even after 67 days (which is the only thing you really need to worry about) and finish the term with a total profit of 270%. Your original principal is then returned.

Considering the costs involved the remaining plans might be nothing more than a matter of curiosity for most of you, but they’re still worth looking at anyway, just to see what’s out there. The third plan, called The Whiz Plan, runs for 180 calendar days and can be joined for a minimum deposit of $5,001 and a maximum of $10,000. A deposit here earns 1.7% interest per day, allowing you to break even after 59 days, and finish with a total of 306%. GeniusIncome will then add your principal on top of that.

GeniusIncome‘s fourth plan is open to deposits between $10,001 and $50,000. It’s called The Flair Plan and for its 180 calendar day duration they pay you 2% interest per day. That would see you break even after 50 days and complete the cycle with 360% in total before your principal is returned.

And finally for information purposes there’s The Grandeur Plan which for a deposit between $50,001 an $200,000 GeniusIncome offer a payment of 2.2% per day for 180 calendar days, principal returned on expiry. And if you can spare that kind of money you can probably do your own calculations.

The choice of payment processors in use by GeniusIncome is a bit limited with only LibertyReserve and PerfectMoney to chose from. And that’s not really much of a choice but on the plus side the payments are made instantly. You will still need to log into your account area and request the payout, but once you do you should see it in your e-currency account within seconds.

The program is based on ProBizScript which looks secure enough to me and which I quite like. It might not be the most commonly used script in the industry but it’s been used by a couple of good dependable programs in the past so a few of the more experienced readers might recognize it. Overall GeniusIncome has a good professional layout, is also a fully SSL-secured website, and is hosted on a dedicated server with support and protection by Koddos. For any further questions you can get in touch with the support team by opening a support ticket when you fill out the form on the support page and submit it. You should receive a ticket ID number where you can then track the progress of the ticket and make sure it’s dealt with to your satisfaction. It’s also worth pointing out that according to the GeniusIncome “about us” page support is available in English, French, and Hindi which if correct really does give them an edge over a lot of their competition owing to this being quite a rare thing.

Something that’s not rare unfortunately is the GeniusIncome texts. They were going so well up until now but the alleged business plan relating to how they claim to be financing all these payments is a direct copy/paste job used elsewhere by older programs. In HYIP terms it doesn’t make GeniusIncome any better or any worse as a program, but if you’re new to the industry it should just confirm to you that it’s just an online HYIP and not the international ForEx investment company they’d prefer you to think. But I guess that’s no surprise to regular MNO readers by now, is it? Most of you will be well aware to set yourself a strictly enforced spending limit within your own budget, and to try and keep this program like any other you join as part of a well balanced and diverse portfolio.

DAILY NEWS FROM THE INDUSTRY

First of all, I would like to share some really good news with MNO readers who were concerned and asked me recently why they didn’t receive my daily news updates to their email anymore. Well, I must say that I had a couple of sleepless nights working on this one. It was hard to establish what caused the issue in the first place because I hadn’t made any changes to the Feedburner settings and so was unable to say why this was happening. Finally it became clear the emails were not delivered due to a server issue due to which Feedburner was not able to access my server and retrieve the news updates successfully. I had to contact my hosting provider BlockDos in order to help me with the server configuration and as always they did a fantastic job. I would like to express sincere gratitude to their support staff and would like to remind you that daily news updates are being delivered again without problems now. Subscribers will again be able to enjoy reading the daily news from MNO delivered to their email addresses every day. If you’re not a subscriber but are interested in becoming one just use the form on top of my blog page. Simply enter your email address and confirm your subscription to read MNO news daily. It’s plain and simple – the whole process is totally automated and will take just a few minutes and you can also unsubscribe whenever you like. I can see the the support for the return of my daily news from my readers was tremendous and this only proves that MNO daily updates can be really helpful for many of you which I can see in my stats which have reached 2416 subscribers today – an all time high for MNO’s existence. Keep it up, guys, and thanks again for all your support!

Let’s start with the updates from MNO monitored programs from the last 24 hours now with HyperCompound (reviewed here). The program is doing well and already reached #6 among on the list of Premium programs. For three and a half months HyperCompound has delivered instant payouts via LibertyReserve and PerfectMoney. The originality of the program and approval of its investment plan is through the roof as the original script HyperCompound runs off provides investors with 1.5%-3% daily returns in addition to bonus interest paid for the duration of 100 business days and returning the principal on expiry. For a more extensive explanation you can read my comprehensive interview with the admin of HyperCompound published here. He was always quite proactive and frequently implements new features. Today for instance it was announced that the website has been translated into Hungarian. This language became the seventh, joining Spanish, Italian, French, German, English and Chinese. Of course the original English version of HyperCompound is also available. Such additions are a vital part for any program looking to reach a wider audience every day and provide constant growth and will benefit old and new members alike. Here is the latest short update posted on HyperCompound‘s site:
“HyperCompound website is now available in Hungarian
We are pleased to announce that our website is now available in Hungarian! More languages will be available soon.”

I think it will be interesting for many potential investors of OneInv to learn that the program has finally added the long-anticipated short-term plan which offers a realistic while fast return of 11% paid to your account for 10 consecutive 10. The net profit will be 10% and the principal is not returned on expiry. I guess the new plan which anybody can join starting from a $10 minimum accepted via LibertyReserve and PerfectMoney will be the perfect addition to the existing long term plans paying 0.6%-1.2% daily forever with principal returned after 12 months and 1%-2% for 300 days with no principal returned on expiry. You can read more about the old plans in my detailed review of OneInv posted here. And this is the short update taken from their website announcing the addition of the new plan:
“Short Term Plan Launched!
Short Term plan pay 11% Daily for 10 Days. Total 110% return.”

Unfortunately, I was right about RoliteIncome as the program has stopped paying. Nobody was in profit from it and I was absolutely right when I warned MNO readers about it yesterday. I was hoping that they would be able to resume payouts but I was mistaken as the admin never replied to me. The same happened today with RichesBank which unfortunately stopped paying and due to delayed payouts and the unresponsiveness of the admin I had to move it to Problem status on MNO which was the first monitoring site that moved them to Problem status. I’m sure many will follow soon, but please do not get misled by some “Paying” statuses you might see on RichesBank‘s rating page and do not invest in this scam. I must say that the program managed to last for 25 days and I guess it’s not a bad result for a program that paid 105% after 1 day. I hope no one invested in RichesBank since yesterday as the last newsletter which was issued after my daily update contained nothing but lies.

Another trick used by HYIP admins in order to get more money to their dying programs is offering bonuses which usually has limited availability and valid for a limited period to create an unnecessary sense of urgency among the more greedy investors who can get caught by such special offers. For me personally such bonuses (especially offered in short-term programs) mean a red flag and possible cashflow issues. It could be just a promotional effort but most often it happens when a program is about to collapse. Ask yourself – why a successfully running short-term program already paying big returns would want to offer you limited bonuses which would possibly affect its allegedly stable cashflow. It’s simple – they don’t have any money left to pay to the new investors and are using this trick in order to get more money before they scam. I don’t know what the reason the admin of EsplinoGroup (reviewed here) would offer a bonus of 10% (!) on your deposit if he already offers such huge returns of 103%-110% after 1 day, 117%-160% after 5 days, 155%-290% after 15 days, 215%-700% after 30 days, 600%-1200% after 45 days paid via LibertyReserve and PerfectMoney. Honestly, I do not like this latest offer from EsplinoGroup and would like to encourage you to exercise extreme caution when you think of investing in that program. Here is that suspicious email I was talking about:
“Bonus!
Due to the rapid development of our program, we ensure that everyone who makes a deposit for the next 24 hours will receive a bonus of 10% of the deposit.
Thank you for your cooperation!
Team EsplinoGroup.”

I quite like the way the admin of RegularBee (reviewed here) handled the issues with AlertPay after they dropped it from the list of payment processors, leaving them with LibertyReserve and PerfectMoney. He issued another update late last night where investors affected by the AlertPay issue and cannot see their deposits in their RegularBee accounts anymore are requested to send the details to the program’s administration and their deposits will be restored to one of the two remaining payment processors of their choice. In my opinion, if the admin is really sincere and is going to do what he promised in this latest update RegularBee has a good chance to survive and continue paying on the currently offered plans with principal return on expiry – 1.2% for 25 days, 1.5% for 60 days and 1.9% for 90 days. I don’t believe the issue won’t affect RegularBee at all because many investors will take this info into consideration before continuing, but I’m hopeful RegularBee will be able to at least survive. Here is the latest newsletter from RegularBee in full explaining the current situation:
“Dear investors!
We stop working with payment system Alert Pay from today, because of mass blocking of all our accounts and many of our investors’ accounts. All investors who have made deposits in this payment system should send information about their Alert Pay’s deposits to support@regularbee.com. All the deposits will be restored in the payment systems Liberty reserve or Perfect Money on your own choice, with due regard for charges and without any commission.
The president of the company “RegularBee” Bruce Houghton draws of all investors and the participants’ attention, that renunciation of payment system Alert Pay wont entail any problems in the work of our project. Over 4500 investors became our partners during almost 2 months. We never stop on achieved, moving only ahead, solving every problem. In connection with this, the 5000th registered in our program investor will get a bonus of $300. We apologize for inconvenience, which Alert Pay has given.”

Finally, the administration of BrandDaily (first reviewed on MNO here) has officially announced that from now on the payouts are going to be processed instantly. It applies to all deposits made via AlertPay, LibertyReserve or PerfectMoney and to both investment plans offered by them – 120% after 7 days and 150% after 15 days. Actually the admin has already confirmed that payouts have been processed instantly for the last few days and mentioned withdrawal requests will go to pending only in very rare cases. In addition to that, the admin also mentioned the coming cash contest on the MNO Forum which hasn’t been held for a while now. I’ve already discussed it with the BrandDaily admin and he confirmed his interest in reviving it, so the members will have a chance to earn $5 for the right answers to some simple (or not so simple) questions. Stay tuned as the start of the contest will be announced on MNO soon. Here is the latest newsletter from BrandDaily about this and other items of interest to the program’s members:
“Cash Contest To Begin
Hi Members, This is to inform all our members that all payment/withdrawals to your e-currency accounts will be processed instantly, as soon as you request for your withdrawal. If in any case it goes to pending, we advise you to cancel it, and request for the same again. If it still does not get processed instantly, please send us in a support ticket, and we will process your withdrawal at the earliest. However, we would like to remind you that the chance of your withdrawal to go to pending will be very low, and it will get processed instantly almost every time you request for one.
We also request you to please put your BrandDaily referral links in your signatures in forums, so that it will further widen the promotions for BrandDaily. In addition to this, you will also be earning 5% commission of every deposit made by your referral, directly from his or her payment processor.
We would also wish to inform you that we will be starting a cash contest in the forum of the most popular investment blog, Money-News-Online.com. Every day, one winner will be selected, and the winner will be rewarded with the cash prize. So stay tuned for it, as the contest will be starting very soon, and a winner will be picked out each and every day.
Before winding up, we kindly request you to vote for us in the monitoring sites, and post your payment proofs in the forums, so that the whole industry would come to know about our excellent service.
Thank you for your continued support.
Cordially, BrandDaily Administration”.

The administration of NeoProgress emphasizes working with regional representatives. The institute which was recently established by the program currently counts over 40 people from dozens of countries. Support is currently available in Nigeria, Hungary, Dominical Republic, Philippines, Indonesia, Germany, Ukraine, Romania, United States, Egypt, Moldova, Thailand, Poland, Brazil, France, Russia, Belarus, India, Malaysia and Belgium. And for more efficient work in promoting the program NeoProgress has issued some tools consisting of corporate identity, corporate design and communication aids which can be downloaded from their website:
“Corporate design and communication tools for our representatives and partners – NeoProgress
 Due to numerous requests of our local representatives  and partners, we have developed guidelines for the use of our corporate identity (brand book).
It reveals stylistic idea, describes the rules of construction and use of visual elements of our brand identity, as well as ready-made layouts for office documents, flyers, business cards and other representatives.
Brand Book will be updated at the request of local representatives. If you need something at the moment, please write to our support team and we will help.
Now, our partners can fully cooperate with design studios, marketing agencies and print labs.
In flyers and other promotional materials, we recommend you use a tiny URL services (for example bit.ly or tinyurl.com) to get maximum income from referral commissions.
 Corporate identity (Style Guide) can be downloaded here.
 And here corporate design and communication tools.
NeoProgress Client Support Department”.
I remind you that NeoProgress has reached #7 among 37 listed programs just after 69 days of monitoring. NeoProgress offers three investment plans – 1.5% for 30 business days, 1.8% for 60 business days, 2% for 90 business days – with principal returned on expiry of each plan and instantly processed withdrawals to AlertPay, SolidTrustPay, LibertyReserve and PerfectMoney processors. For more information on NeoProgress please refer to my detailed review published here.

Please beware of the scam emails from the admin of After60Days. They stopped paying completely now which prompted me to move the program to Problem status on MNO before other less vigilant monitors. So today he sent a very dangerous email to members asking them to create an API in their LR and PM accounts in order to receive pending payments which were allegedly not processed due to a security upgrade. Please note that there is NO reason for investors to EVER create such things in their accounts! The only thing that will happen is that you enable the scammer asking you to do this to empty the contents of you LR account completely without you ever knowing about it. A program is either paying or not, and in case with After60Days I can guarantee you that you will NOT be paid whatever you do, so don’t buy these old tricks and don’t let him steal any more money from you:
“After60Days Payments
 Hello dear After60Days Investors. We are really sorry for LR and PM pending payments.
We upgraded our hosting with better security and now to process payments need more secure settings in LibertyReserve and PerfectMoney from your side.
In order to receive payment again as usually you need to make few security changed in your LR and PM.
Follow these steps to receive your money.
1. Login to your LibertyReserve account, go to Merchant Tools. 2. Click on “Create new API” 3. Enter the following entries 3. API Name: xxxx 3. Sec. Word: xxxx 4. Check ENABLED 5. Check TRANSFER 6. Check BALANCE
Other values leave to default.
After enabling settings reply to us with your LibertyReserve or PerfectMoney number and we will process your payment within few hours.
Payments now will be more secure than before.
Best Regards”.

There was an update from KistFunds (reviewed here)today but strangely it had nothing to do with the latest change to their investment plans when out of the blue they decided not to pay on weekends anymore and will stay within business days (Mon-Fri) only. I was quite simply shocked at such a bad attitude and think giving a link to reviews of the program describing the old plans which are now obsolete is simply ridiculous imho. Over two weeks online is fine and the payouts to LR and PM are still processed instantly on the new plans paying 1.3%-2.2% for 120 business days with principal back on expiry, but at least have the decency to update about the changed plans. I don’t know what to think of that but if an admin believes that sudden changes in plans is not a subject for discussion then I’m left absolutely speechless:
“Update From KistFunds Investment.
It has been a good successful running from 2 weeks (15 days) commencing of our program online, We reach a total number of 1090 members also a total amount of $99,353 as been deposited and as you all have notice our payment as been process INSTANTLY to LR,AP and PM.
We thank you all for your support towards us. if you have and question please send it to our email support@kistfunds.com and we will get back to you almost instantly. our support works 24/7 to server you all.
Signed Management. KistFunds Investment”.

Here is the list of the programs which paid me for the last 24 hours:
StockBiz, BrantonsGroup, RegularBee, TrustIncome, NeoProgress, HyperCompound, AuruMoney, SafeDepositary, UnitrustDirect, BIA, HitNRunMasters, AdvantagesCapital, BrandDaily, CosmosInvest, SoaretInvestment, GlobalBankInv, iForexGain, PowerfulStrategy, SapaInv, WinnerEarn, FelminaAlliance, StableProfit, TopsFund, GeniusIncome, FirstCoasts, BruyetteInvestment, EurexTrade, ViscoCorp, OneInv, PokerProfits, EsplinoGroup, OnlineInvetsmentBank, SuperHotPay, LargeProfit, MirexGroup and GlobalFxTrades.

That’s all for tonight, guys. I hope to see you tomorrow with a more detailed look at a new short-term program SapaInv and the latest news and comments on the latest events in the HYIP industry. Stay on the money with Money-News-Online and don’t forget to subscribe to get my daily newsletter delivered straight to your mailbox!