{"id":3425,"date":"2010-05-18T19:20:47","date_gmt":"2010-05-18T19:20:47","guid":{"rendered":"http:\/\/money-news-online.com\/blog\/?p=3425"},"modified":"2010-05-18T19:20:47","modified_gmt":"2010-05-18T19:20:47","slug":"18052010-currencyservices-review-and-other-news","status":"publish","type":"post","link":"https:\/\/money-news-online.com\/blog\/2010\/05\/18\/18052010-currencyservices-review-and-other-news\/","title":{"rendered":"18\/05\/2010. CurrencyServices Review and Other News"},"content":{"rendered":"

Hi everyone! For the second update today I want to talk in a little bit more depth about a brand new very short term HYI program added to my monitoring<\/a> list a couple of days ago. It’s called CurrencyServices<\/a> and before I get to the details I just want to confirm that I have been paid successfully on expiry of one of the plans.<\/p>\n

And starting with the plans CurrencyServices<\/a> have four to choose from. Two that make daily payments and two that pay on expiry, although one of them only runs for one day so I guess that counts as both. I should warn you first though that the information on them on the homepage isn’t inaccurate, but it is a bit misleading. The rates on interest paid out on your deposit are variable and the more you invest the higher the rates get. What you see on the CurrencyServices<\/a> homepage however displays the maximum rates payable in each plan and you’d have to invest over $5000 to avail of them. Clearly this is beyond the means of the average investor. You’ll need to sign up and open an account before you see the actual rates that will apply to your particular deposit, but I guess that’s just a clever marketing trick to get you in the door so to speak and looking around before you find out that you may not get paid quite as much as you initially thought. Don’t worry though, I’ll run through them all for you here.
\n\"\"<\/a>
\nSo as I was saying CurrencyServices<\/a> has four short term plans to choose from, and the first one pays on expiry after just 1 day. Minimum deposit is $10 and there is no stated maximum. Your principal is included in your payment and the following interest rates will apply:
\n$10 to $50 will earn 103%, $51 to $200 will earn 104%,\t$201 to $500 will earn 105%, $501 to $1,000 will earn 106%, $1,001 to $2,000\twill earn 107%, $2,001 to $3,500 will earn 110%, $3,501 to $5,000 will earn 120%, and finally deposits of $5,001 and more will earn the maximum rate of 130%.
\nQuite a dizzying array of numbers in there I’ll admit but at least there’s something to suit everyone’s budget. And it’s only for a day so the sooner you join the sooner you join the ranks of those who already profited, but don’t wait around too long either if you know what I mean.<\/p>\n

The next plan from CurrencyServices<\/a> runs for a term of 2 days and again pays out on expiry and includes your principal as part of that. The figures are the same with a $10 minimum required to invest and no maximum. Interest rates are variable and will apply as follows:
\n$10 to $50 earns 107%, $51 to $200 earns 109%, $201 to $500\t earns 111%, $501 to $1,000 earns 113%, $1,001 to $2,000\tearns 115%, $2,001 to $3,500 earns 145% $3,501 to $5,000 earns 160%, and only deposits of $5,001 and more will be paid the maximum 180%.<\/p>\n

After this CurrencyServices<\/a> changes course somewhat with the next two plans. They’re still very short term but this time they make daily payments which should give you some peace of mind as regards to getting at least some of your money back if (when) things start to go awry. That’s the only real advantage to the first daily payments plan however as the total profit you earn on all deposits or less will be exactly the same as those earned in the previous two day on expiry plan. So I don’t really need to add up the numbers for you here. Anyway, minimum deposit is $10 with no maximum. Payments are made daily for a term of 2 days and the following rates of interest apply:
\n$10 to $50 earns 53.50% per day, $51 to $200 earns 54.50% per day,\t$201 to $500 earns 55.50% per day,\t$501 to $1,000 earns 56.50% per day, $1,001 to $2,000 earns 57.50% per day, $2,001 to $3,500 earns 60% per day, $3,501 to $5,000 earns 70% per day, and then the maximum rate of 80% per day applies to deposits over and above $5,001.<\/p>\n

The final plan runs a bit longer term than the others, so even though it’s only for an investment term of 4 days it’s still the riskiest. $10 is still the minimum to invest with no minimum. Interest payments are made daily and include your principal. Rates are variable and applied as follows:
\n$10 to $50 earns 28% per day and 112% in total. $51 to $200 earns 29% per day and 116% in total. $201 to $500 earns 30% per day and 120% in total. $50 to $1,000 earns 31% per day and 124% in total. $1,001 to $2,000 earns 32% per day and 128% in total. $2,001to $3,500 earns 40% per day and 160% in total. $3,501to $5,000 earns 50% per day and 200% in total. And finally the maximum rate of 60% per day will apply to deposits of $5,001 and upwards. Sounds nice but kind of unfeasible so I doubt we’ll see many people prepared to take a gamble of that size just to see if the offer’s good or not.<\/p>\n

The choice of payment options isn’t great. In fact it’s pretty poor with nothing that requires any verification. Although on the other hand it’s also fairly typical of short term HYIP games. Your choice is basically between LibertyReserve and PerfectMoney and you should all be well aware by now of how the deal with refunds in the event of a scam. Which is of course that they don’t deal with them so \u201cCaveat Emptor\u201d as the saying goes \u2013 let the buyer beware! Payments are made manually so need to be requested. The admin asks for 12 hours to get everything done.<\/p>\n

Things improve a little on the security side of things with CurrencyServices<\/a> being hosted on a dedicated Staminus server courtesy of DdoSWiz. The script is licensed from GoldCoders and your account is protected with SSL encryption. Any further questions or problems can be put to the admin through the online support ticketing system on the contacts page.<\/p>\n

With interest rates like that I’d say it’s safe enough to dismiss any claims that CurrencyServices<\/a> has any serious business plan behind it. For the record they make a vague mention about your money being invested in the stock market. And you know what? That may well be true, it just doesn’t mean you’re ever going to see a cent from the profits, so caution is as always advised. They won’t be here forever.<\/p>\n

The similarities between this and another short term HYIP game that ran in March are too big to ignore by the way. I’m not going to say the name here (which was also similar to CurrencyServices<\/a> by the way) for the simple reason that I’m not accusing the admin here of being involved. I merely mention it at all because the program ran for three days and completed at least a couple of cycles from their shorter term plans. So what I’m saying here is that if you want to risk a few bucks on this one then you know what you have to do next. The longer you wait the more difficult it’s getting and the riskier it gets. But if you’re not going to do it fast then it’s better (for you) to look elsewhere.<\/p>\n

OTHER NEWS FOR TODAY.<\/strong><\/p>\n

Ok, it finally happened, guys! TeddyBearDreams<\/a> (reviewed here<\/a>) processed the first payouts on expiry tonight from its only plan of 130% after 6 days and I also received mine very fast after requesting. The admin of the program Theo therefore encouraged everybody who was paid to let others know about them and that it’s paying fine. At the time of writing this TeddyBearDreams<\/a> had close to 500 members who deposited about $40K. The further fate of the program will depend on the members’ support and the promotion and activity on the admin’s part who has been quite proactive so far. I’m planning to send Theo some questions for an interview tomorrow and hopefully he will answer them soon. Here is the latest newsletter from TeddyBearDreams<\/a>:
\n\u201cHello again Teddy Bear Dreamers!
\nThe day of first cashouts is upon us and many members have been paid already! Your support is appreciated and will go a long way to increasing your earnings and the earnings of all other members of TeddyBearDreams<\/a>. Below are the forum threads that TeddyBearDreams<\/a> is discussed in. Please visit them and share your payments with others.
\nRight now we have 488 members and close to 40,000$ invested. This is beyond my wildest TeddyBearDreams<\/a> and I’m sure of our continued growth over the weeks that lay ahead.
\nRemember that our referral contest is still on going with first place winning an oh so snugly 500$. We will be awarding cash prizes to 6 winners so everyone has a chance. So keep supporting TeddyBearDreams<\/a> and we will keep working hard to help you make your TeddyBearDreams<\/a> come true!
\nTheo. Administrator. TeddyBearDreams<\/a>.<\/em>\u201d<\/p>\n

The admin of RogerVille<\/a> whom I interviewed today (read it here<\/a>) sent out another update and mentioned that his program had been online for 19 days already and that the support of the members was good so far. I hope RogerVille<\/a> has a really long way to go as other programs by Roger with the same rates as RogerVille<\/a> offers (it pays 144% after 12 days) lasted for over two months. Anyway, if you want to know more about RogerVille<\/a> I suggest you to refer to my review published here<\/a>. Below is the current update from Roger where he announced my interview as well:
\n\u201cHi everyone! Today, RogerVille<\/a> is 19 days online! We are approaching the start of the 3rd cycle already. So far so good. Oh by the way! I sent this email to notify you about the interview by Paul Abramson of Money-News-Online. He did a great job in this interview and I hope I did a good job as well. You be the judge.
\nHere is the link: http:\/\/money-news-online.com\/blog\/2010\/05\/18\/18052010-interview-with-the-admin-of-rogerville\/<\/a>
\nVisit and comment please on that blog post.
\nThanks and have a good day everyone! Don’t forget to vote for RogerVille<\/a> on the monitors!
\nRegards, Roger Miller<\/em>\u201d.<\/p>\n

I’m also planning to send some interview questions to the admin of EkonInnovation<\/a> Augusta who was kind enough to accept my invitation. As the first payments on the second plan paying 120% after 5 days should be processed tomorrow the program will enter the next stage of its lifecycle. The other two plans on offer pay 110% after 3 days and 150% after 10 days. More about them can be read in my detailed review published on MNO here<\/a>. And this is the announcement of the review that was just sent to me by Augusta:
\n\u201cHappy Tuesday! This newsletter has just one subject I want you know about. Last night Paul from Money-News-Online.com reviewed EkonInnovation<\/a>! Paul is one of the most reputable bloggers online in this industry and I want to thank him so much for the review. I ask you to go read the review and see what phe had to say about EkonInnovation<\/a>.
\nSimply Click on the link: http:\/\/money-news-online.com\/blog\/2010\/05\/17\/17052010-ekoninnovation-review-and-other-news\/<\/a>
\nWill be back later tonight for some other updates.
\nHave a good day, Augusta<\/em>\u201d.<\/p>\n

Before that though I received another detailed newsletter which I’m already getting used to receiving daily from EkonInnovation<\/a>. Ok, so what’s in it? The first referral contest started on the fourth day online with a total prize fund of $200 that will be divided between the top four lucky winners. Also the admin of EkonInnovation<\/a> extended the promo for another day where you can get an $8 bonus for all deposits over $100. Well, as usual some stats have been given and the members of EkonInnovation<\/a> were encouraged to post their payment proofs on forums to make the program run smoothly for a longer time. Here is the entire newsletter from the admin for you:
\n\u201c4th Day Online for EkonInnovation<\/a>! and the support is booming once again! Welcome to all the new members who have recently joined EkonInnovation<\/a>. You have come to a great program with the best support behind it! Today I have something for you all that might interest the members who would like to earn some nice cash prizes! This will be called our “Kick-Start Ref Contest”
\nNow what’s it all about? It’s very simple. It will run 4 days and 4 members with the most amount of referrals(# of refs starting as of newsletter) will receive each a cash prize to their choice of processor!
\nRules (Only 2):
\nMember must be upgraded themselves.
\nNo Cheating, creating fake accounts.
\nPrizes from EkonInnovation<\/a>:
\n1st Place: $75, 2nd Place: $60, 3rd Place: $40, 4th Place: $25
\nHope you enjoy the contests and best of luck to everyone of you!
\nNext the payouts!
\nAll requested payout have been paid!! With the amount of investments climbing to astounding amount each day, today alone EkonInnovation<\/a> had over $7,000 come in! If you haven’t upgraded yet, what are you waiting for? Act now and achieve your deserved profits!
\nI ask you all that like our program, kindly support us in the forums.
\nThe Rate Us page is found on our site on the top right corner (always been there) or you can use the following link to find our forums and monitors to vote and support EkonInnovation<\/a>!
\nhttp:\/\/www.ekoninnovation.com\/?a=cust&page=rateus<\/a>
\nAlso, I will be extending the 1 Day Promo another day as requested by many members, so you still have another 24 hours from now to receive $8 back on all investments over $100!
\nThat’s it for today.
\nTake Care, Augusta<\/em>\u201d.<\/p>\n

There will be another interview published on MNO tomorrow and this time it will be with the admin of DubaiFinances<\/a> (reviewed here<\/a>). I remind you that the program pays 2.5%-4% for 60 days and accepts LibertyReserve, PerfectMoney, AlertPay and StrictPay processors. Well, you will be able to find out more about the administration of DubaiFinances<\/a> in the interview so stay tuned for that and meanwhile read the latest updates from him below:
\n\u201cHello friends, this day I salute all of our users and to welcome all new members, every day our company continues to grow in a very fast way, so I want to thank everyone for the support, Today I just finished answering questions from an interview to be published this week in the blog Money News Online, so be very careful that the link will be placed on our website soon.
\nRemember about our deposit contest, we are giving 5% to 10% for each deposit you make, this contest is a prize for pioneers of our company, this contest ends May 20th so you still have time to participate, more information visit our news section in http:\/\/dubai-finances.com<\/a>
\nLet me take this opportunity to continue asking for their continued support, is very important for Our company your proof of payment in the forums and post What You think about us, that will help us continue growing and gaining more confidence every day.
\nBest Regards.<\/em>\u201d<\/p>\n

Please note that AlphaMoney<\/a> (reviewed here<\/a>) has some technical bug in the system which tells you that you have already withdrawn five times for today and doesn’t allow you to withdraw. I have already contacted their Live technical support and they told me they were aware of that issue and assured that it would be fixed by tomorrow. Well, I know that the original script used by AlphaMoney<\/a> had some bugs in the past but they always overcame them and fixed everything. Let’s hope it’s really just a temporary technical glitch that will be fixed soon! I will keep you updated on my blog regarding that.<\/p>\n

Some people noticed that OneStepMoney<\/a> didn’t pay AlertPay withdrawals for over 24 hours already. I believe the admin doesn’t have any intentions of scamming as otherwise he would not pay LR and PM withdrawals instead, don’t you think? Most likely OneStepMoney<\/a> has an issue with their AlertPay account and have already contacted the admin in search of an answer. I will wait till tomorrow before putting OneStepMoney<\/a> to Problem status on MNO simply because I want an explanation. If the AlertPay issue is not resolved by tomorrow I don’t think there is a chance that OneStepMoney<\/a> could recover. Hopefully the admins will stop using fake accounts to run their programs successfully. Will it really happen? I don’t know but there is still some chance that OneStepMoney<\/a> could go on. I really hope to get some encouraging news from them by tomorrow and of course I will keep you updated on my blog regarding that.<\/p>\n

It seems Plents<\/strong> is done, guys. Please do not invest there anymore! I have two pending payouts myself and there are some complaints I’ve seen on the forums already. So I’m moving it to Problem status on my monitoring<\/a> page.<\/p>\n

I was sure that YingYangInvestment<\/a> was also gone as I was unable to access the site for 24 hours and didn’t get paid for some time. However I was wrong and had to move the program back to Paying status today when the admin made a surprise come-back, explained the delay and paid all the pendings. Maybe YingYangInvestment<\/a> (reviewed here<\/a>) has still some energy to continue? Anyway, with such low-ROI plans (1.2%-1.6% daily forever) and barely over a month online it would be stupid to close up shop so early because the program wasn’t able to become popular among the investors yet. The admin of the program John asks for more forum support and seems to me he’s kinda desperate for help from the members since his program is growing too slow. Here is the latest newsletter from YingYangInvestment<\/a>:
\n\u201cAll members are paid again, I was offline for a few days.
\nAlso I see the referral contest so doing great! Also there is a 5% bonus for all deposits above 2K. Only for these 2 weeks. Keep it up guys.
\nAlso I want MORE FORUM SUPPORT.
\nI just paid almost $500 so let’s see how many will post the proof??
\nSome members like Ian, ivy2009, moneyviews, noena, dnafreak and some others are posting their proof but most of you don’t. This is VERY disappointing to see. But thanks to those who post the proofs!
\nPlease keep referring people we still need te grow a lot before we can go private.
\nBest regards, John<\/em>\u201d.<\/p>\n

It was funny for me to read one email today from the admin of OilInvestment<\/a> (reviewed here<\/a>). Although the program is still paying fine on all the plans the admin suddenly got very proud because his program was ranked #1 by some monitor site. I know for sure that the #1 places on most of the monitors are for sale and MNO monitoring<\/a> is one of the few that rank the programs based on its popularity among investors. Here is the newsletter from OilInvestment<\/a> for you just for a laugh:
\n\u201cCongratulate us! Because we are the best program all over the world, we have the first place among another programs at allhyipmonitors.com!<\/em>\u201d<\/p>\n

The last news for today is from Robert, the former admin of GNI<\/strong>. It seems the last email copying Robert’s writing style and announcing a new program supposedly run by him sent yesterday is no more than a scam email. Well, Robert mentioned<\/strong> that he has another new program now which definitely changes nothing for me. Still the new program will be used to pay refunds to old GNI<\/strong> members like was done in many other HYIPs and I believe it’s unsafe to invest any money in Robert’s program until after the refunds are really processed to everybody. So far I’m yet to receive any confirmation of the allegedly starting refunds from GNI<\/strong>. So I would be grateful to those who lost money in GoldNuggetInvest<\/strong> to report to me if you are really got paid at least something. Here is the latest email I received from Robert today:
\n\u201cGreetings to those of you looking for your refunds as well as those of you ready to go forward with AU!
\nIt has come to our attention a fraudulent email purporting to be from us endorsed under a signature style I don’t use nor have I ever used, is making it’s way through the cyber-world; targeting in particular past GNI<\/strong> members and to a lesser extent, potential share-holders at Arbsunlimited (AU).
\nAll recipients of this correspondence take notice! This E-Mail, as well as the program it seeks to promote are both a total fraud. There are and were but two programs offered by the team with whom you are all familiar with. Further, neither of the programs utilized the forex market to generate anything more than nominal profits.
\nThe originating Email address is\/was:
\nsupport@forex-profit-share.com
\nThe URL of the fraudulent website is
\nforex-profit-share.com
\nPlease avoid any contact with this perpetrator at all cost.
\nThank you, Robert & Team<\/em>\u201d.<\/p>\n

To finish I will give you the list of the programs that paid me today:
\nTopEarnClub<\/a>, TrueEarn<\/a>, YingYangInvestment<\/a>, TeddyBearDreams<\/a>, EkonInnovation<\/a>, DynFxTrade<\/a>, HighYiledClub<\/a>, OneStepMoney<\/a>, InvestAward<\/a>, Cizaro<\/a>, MetalCommerce<\/a>, ForexNetClub<\/a>, StaunchFinances<\/a>, DubaiFinances<\/a>, DorealCapital<\/a>, EzProfit<\/a>, GoldenInvestment<\/a>, YesInvestment<\/a>, FxCrudeOil<\/a> and NanoVenture<\/a>.<\/p>\n

That’s it for today and I will see you on my blog tomorrow with two posts again. Wish me luck as my visit to Russia is over and I’m flying back to Israel tomorrow. I hope that everything will be ok and I’ll be able to update my blog as usual. See you then!<\/p>\n","protected":false},"excerpt":{"rendered":"

Hi everyone! For the second update today I want to talk in a little bit more depth about a brand new very short term HYI program added to my monitoring list a couple of days ago. It’s called CurrencyServices and before I get to the details I just want to confirm that I have been […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4,6],"tags":[],"_links":{"self":[{"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/posts\/3425"}],"collection":[{"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/comments?post=3425"}],"version-history":[{"count":0,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/posts\/3425\/revisions"}],"wp:attachment":[{"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/media?parent=3425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/categories?post=3425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/tags?post=3425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}