{"id":3547,"date":"2010-06-03T00:47:10","date_gmt":"2010-06-03T00:47:10","guid":{"rendered":"http:\/\/money-news-online.com\/blog\/?p=3547"},"modified":"2010-06-03T00:47:10","modified_gmt":"2010-06-03T00:47:10","slug":"02062010-the-collapse-of-trueearn-and-other-news","status":"publish","type":"post","link":"https:\/\/money-news-online.com\/blog\/2010\/06\/03\/02062010-the-collapse-of-trueearn-and-other-news\/","title":{"rendered":"02\/06\/2010. The collapse of TrueEarn and Other News"},"content":{"rendered":"

The biggest news for today was undoubtedly the closure of the hugely popular short-term program TrueEarn<\/strong>. They stopped paying after being online for 60 days which is a tremendous achievement for any short-term HYIP (fifteen 4-day cycles!). Still there were some losers like in any HYIP game and it seems that the second interview that was published on my blog a few days ago (done entirely by the way on popular demand from MNO readers) didn’t help the situation either. MNO was the first monitoring<\/a> site to put TrueEarn<\/strong> to Problem status today so hopefully those who didn’t join the program before avoided losses. I would like to say that at least the admin told me the truth about the closure of the program and didn’t try to feed us with lies like so many others do while continuing to collect deposits. So the reasons why the program can’t continue were made clearto me in his email:
\n1) <\/strong>Dreadful market conditions with less people reinvesting and voting for the program even after they get paid,
\n2) <\/strong>some bad votes that were submitted recently due to the suspension of accounts for suspected multiple IDs and referral cheating,
\n3) <\/strong>AlertPay constantly blocking their accounts which didn’t help the program’s cashflow.
\nThere were other reasons according to Scott why he came to this decision, however he preferred not to mention them at.
\nOf course it will not bring too much comfort to those who lost in TrueEarn<\/strong> and I myself was kinda surprised that having overcome so many obstacles along the way that they closed as suddenly as they did. But it was truly a good ride while it lasted and even during this crisis in the HYIP Industry TrueEarn<\/strong> (which was well underway even when TrueEarn<\/strong> started) shows us that it’s possible to run a program for two months paying such huge returns up to 210% after 20 days. At the time of writing the members area of the site cannot be accessed due to some internal error but please be aware that TrueEarn<\/strong> is finished so please do NOT invest more money even if you think it’s back online.<\/p>\n

Another long-term program that supposedly finished today is IncoForex<\/strong>. The site cannot be found so I checked my mail and apparently there was one complaint from an MNO reader claiming selective payouts. IncoForex<\/strong> was one of the last low-ROI giants standing as it lasted for almost a year and I’m really sorry it had to go like this. Please be aware that rar files are still circulating online (possibly even originating from the admin himself, I don’t know) so please do not open and download them as they may contain potentially dangerous content for your computer. Anyway, I will let you know if IncoForex<\/strong> is back online (because I’m not sure if it’s gone for good) but for now I suspect a scam here.<\/p>\n

Fortunately not all programs are experiencing problems. In fact many are doing pretty good. In fact I got paid today on expiry from the 140% after 8 days plan from GoldWayMoney<\/a> (reviewed here<\/a>). Other plans GoldWayMoney<\/a> offer include 115% after 4 days and 200% after 20 days. The admin sent some stats recently outlining the early success of the program, which has over 1,300 members and over $114K in deposits after the first week online. If the stats are true I believe that GoldWayMoney<\/a> could become the next big thing soon. And I’m happy to report that it reached the #1 spot today in the MNO ranking on my monitoring<\/a> page. Hopefully it’s just the beginning of a long road ahead for GoldWayMoney<\/a> members. Here is the newsletter I was talking about:
\n\"\"<\/a>
\n\u201cDear Members,
\nI am very happy to announce that GoldWayMoney<\/a> has been online for 7 days only and has already crossed 1328 registered members today. This is an amazing growth and a direct result of your generous support! GoldWayMoney<\/a> is growing extremely fast! Thank you so much for your continued support! Below is the current stats of GoldWayMoney<\/a>:
\nTotal Members : 1328
\nTotal Deposits : $114,271
\nTotal Withdrawn : $38,928
\nIf you have any questions, please do not hesitate to contact us at support@goldwaymoney.com
\nBest Regards, Aaron, GoldWayMoney<\/a>.<\/em>\u201d<\/p>\n

I have also been paid today from RichWorld<\/a>. This time I received my payment from the 120% after 5 days plan. Apparently it’s good times for short-term programs now as they are becoming the most popular among investors. RichWorld<\/a> for instance reached 370+ members after the first 6 days online which is not a bad achievement at all. Offering popular plans with payments on expiry (108% after 3 days, 120% after 5 days, 150% after 10 days, 200% after 15 days) RichWorld<\/a> already reached the Top 10 in MNO Ranking and the admin just informed in the last update that he made all payments in full and the proof can be found on forums and monitors. Here is the latest news from RichWorld<\/a> (reviewed here<\/a>):
\n\u201cHello my friends, hope everything is ok, I inform you that this day is fulfilled the second cycle and all payments have been processed, thanks to all who are supporting us reinvesting your principal, this will be for benefit of all.
\nI am working very hard to not disappoint, every day we are making stronger our advertise campaign and we are buying banners on the most reputable blogs, forums and monitors.
\nI ask the favor to all who have received their payments put the evidence in the forums, this generated a lot of confidence to new investors.
\nRemember that we are at you orders.
\nThanks to all, Gabriel Santos.<\/em>\u201d<\/p>\n

If you dislike short-term games then maybe you would prefer to look at XaresFunds<\/a> (reviewed here<\/a>) which is allegedly based on the results of real Forex trading. This is the short update the admin of XaresFunds<\/a> sent to his members today:
\n\u201cWe are proud to announce that we have been reviewed by MNO!
\nRead the review here<\/a>.
\nFor any questions related to the review, feel free to ask on the forum here<\/a>.
\nYou can also use the forum from MNO here<\/a>.
\nRegards, XaresFunds<\/a>.<\/em>\u201d<\/p>\n

It looks like the site of InvetiHeaven<\/a> (reviewed here<\/a>) faced some challenges today in the form of DdoS-attacks that were successfully mitigated by their hosting provider. So there has been a change in the payment schedule for now. Apparently the admin did his best to fix everything as soon as possible and now the site is back to normal. By the way, for those who haven’t read the interview with the admin of InvestiHeaven<\/a> yet can do so here<\/a> to form your own opinion about the program.<\/p>\n

There was a bunch of updates from InvestiHeaven<\/a> today so I’ll just give you the important staff. First off, the admin shared some info about the stats which are looking pretty good at the moment. The growth has been great so far as well and though the program is just half-way to the completion of the first cycle paying 144% after 12 days the daily payouts from the 10% for 12 days plan already attracted many visitors, most of them eventually becoming investors. It’s really funny though that the admin (accidentally or deliberately) mentioned InvestiMates<\/strong> run by Roger Miller in his newsletter. I don’t know if it’s just Roger’s style or he just wants to be associated with Roger. For me it’s a riddle but one thing for sure InvestiHeaven<\/a> is that he took his name on impression of InvestiMates<\/strong>. However whether the admin can prove that he’s not a short-term scammer but rather a dedicated admin capable of running his program for at least several cycles only time will tell. Here is the first newsletter received from InvestiHeaven<\/a> for the last 24 hours:
\n\u201cDear members,
\nI am very glad to inform you that InvestiHeaven<\/a> has gathered over 530 members and $50k in deposits already in just 4 days of being online. Furthermore, I am very happy to see monitors promoting InvestiHeaven<\/a> and I hope many will follow. InvestiHeaven<\/a> is growing in a very healthy rate and I am looking forward to the 12th day to come so I can process the first payouts on expiry in the 144% after 12 days and the second stage of the program can begin. The HYIP industry collapses gradually and InvestiHeaven<\/a> is here to bring it back to life. Please 200% support InvestiHeaven<\/a> by reinvesting, posting your payment proofs on the forums, voting on the monitors and promoting it in many websites as you can. Please note that members’ support is the key to the success of InvestiHeaven<\/a> and hopefully I can make it last longer than one of the most successful programs last year, called InvestiMates<\/strong>, which lasted 77 days. If you are a blog\/forum\/monitor owner, and you are impressed with the progress of the program, I will highly appreciate it if you can help with the promotion of it. I am going to do my very best to make InvestiHeaven<\/a> a very successful and profitable program for everyone in these hard times of the industry.
\nThe HYIP industry got infested recently with many fast scams so we should all work very hard (TEAMWORK) to make InvestiHeaven<\/a> #1. Unfortunately many admins in this arena have an advanced intention to scam and get easily blinded by the money and I hope to show everyone the big difference between InvestiHeaven<\/a> and the other programs. I am doing my best to process all pending withdrawals as fast as I can and answer to support requests as soon as possible (However please always remember to allow up to 24 hours for your withdrawal to get processed although it usually doesn’t take more than 12 hours).
\nOnce you get paid from InvestiHeaven<\/a>, please always post your payment proof in these forums :
\nhttp:\/\/www.moneymakergroup.com\/Investiheaven-Investihe-t348856.html<\/a>
\nhttp:\/\/www.talkgold.com\/forum\/r294587-.html<\/a>
\nhttp:\/\/www.dreamteammoney.com\/index.php?showtopic=99971<\/a>
\nPlease also vote for InvestiHeaven<\/a> on the monitors (visit “Rate us” page), it is extremely significant to show your support and satisfaction with the program. Few minutes of voting will contribute to the program’s growth and popularity.
\nToday Austin (ExtremeSurfs owner) will publish a review of InvestiHeaven<\/a> on his blog and also Paul (Money-News-Online owner) will publish an Interview with me on his blog. I just finished answering his interview questions yesterday and please read my interview with him everyone as it may clarify many of your doubts. I will give you the links to the review & interview as soon as they are published.
\nWith Warmest Regards, DanB<\/em>\u201d.<\/p>\n

Here are excerpts from some updates from the admin of InvestiHeaven<\/a> which will show you the chronology of the events that happened today causing the site’s inaccessibility and script earning issues which have now been fixed by the way:
\n\u201cPlease note that I have fixed the server time once again. It appears that the minor DDOS attacks on InvestiHeaven<\/a> (that HushHosting migrate within minutes) cause a change in the server time so I will put strong eyes on the server time every few hours and if it’s incorrect I will fix it asap. Daily earnings that had to be credited before are now credited.<\/em>\u201d<\/p>\n

Then a couple of hours later I got the following:
\n\u201cDear members,<\/em>
\n<\/em> Ok guys it looks like earnings were not credited today to members’ account due to the very short DDOS attack which caused this issue. Fortunately I have a feature in the script that just needs to be activated so that all members’ earnings will be credited up to this time and nobody will miss any earning. I will contact Neversay (my script provider) as soon as he is online and will ask him to activate this module. No worries as everything will return to normal as soon as Neversay is online.<\/em><\/p>\n

<\/em><\/p>\n

“Sometimes the site got DDOS, so no new deposits are comming during those period. However earnings are still calcuated and credited to member accounts.<\/em>
\n<\/em> This is the details regarding that unique feature I have in my script that will be activated once Neversay is online :<\/em>
\n<\/em> “This facility will help admin to freeze earnings as if those days never happened.<\/em>
\n<\/em> The system works like this:<\/em>
\n<\/em> Shift all deposit dates, update all earnings date to reflected the shifted date. For example member deposit on 1st JAN, got earnings on 2nd,3rd JAN. then Site got DDOS on 4th and 5th. Member login again on 6th and got earnings, so he will get earnings on 4th and 5th too. If the freeze button is activated for 2 days freeze. The deposit date will be shifted to 3rd JAN, earnings will be shifted to 4th,5th,6th,7th,8th (even though today is still 6th JAN). So next earnings will be credited on 9th JAN for this deposit. A period of 2 days will be skipped for this deposit to recover those 2 days attacked by DDOS.<\/em>
\n<\/em> This facility does not come with this default license. You may need it only if your site got DDOS. Extra fees of $40 needed to activate this module. Please contact script seller for update. “<\/em>
\n<\/em> I will let you all know once everything is back to normal and all the earnings are credited to members’ accounts.<\/em>\u201d<\/p>\n

And finally a message telling us that everything was fixed in InvestiHeaven<\/a> and that the site was back to normal:
\n\u201cDear members,
\nI have just noticed that the script now automatically credits members’ earnings that were not credited on time due the DDOS attack. Every few minutes it is crediting one missing earning so eventually in a few hours all members will receive their missing earnings of today. You can totally ignore my previous email. If this issue happens again in the future, there is no need to worry at all because the script automatically credits ALL members’ earnings even if it’s with delay of few hours. Nobody will miss his daily earning ever!<\/em>\u201d<\/p>\n

To finish with InvestiHeaven<\/a> for today I would like you to pay close attention again to the interview with the program’s admin Dan published on MNO today (hopefully you will find some interesting info there):
\n\u201cDear members, Paul (Money-News-Online owner) has just published my interview with him on his blog. I highly recommend everyone to read it as it may clarify your doubts and give you some background on myself and how much dedicated I am as an admin of a program. Read it here<\/a>.
\nWith Warmest Regards, DanB<\/em>\u201d.<\/p>\n

Here are the list of the programs that paid me over the last 24 hours and that can be found on my monitoring<\/a> page:
\nGoldWayMoney<\/a>, RichWorld<\/a>, BookmakerOffice<\/a>, InvestiHeaven<\/a>, PrivateDiamondClub<\/a>, GroupUniversal<\/a>, OnyxInvClub<\/a>, KaizenPortfolio<\/a>, TopEarnClub<\/a>, ForexNetClub<\/a>, SpaceInvest<\/a>, FinFex<\/a>, YesInvestment<\/a>, GoldenInvestment<\/a>, EzProfit<\/a>, StaunchFinances<\/a>, DynFxTrade<\/a>, TrumpForexClub<\/a>, RedOrchidInvest<\/a>, OilInvestment<\/a>, InvestAward<\/a> and LoyalIncome<\/a>.<\/p>\n

That’s it for today, guys. I hope to see you all on my blog<\/a> and forum<\/a> tomorrow! By the way, the MNO forum<\/a> is just short of 300 members at the moment and keeps growing so sign up and speak your mind!<\/p>\n","protected":false},"excerpt":{"rendered":"

The biggest news for today was undoubtedly the closure of the hugely popular short-term program TrueEarn. They stopped paying after being online for 60 days which is a tremendous achievement for any short-term HYIP (fifteen 4-day cycles!). Still there were some losers like in any HYIP game and it seems that the second interview that […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/posts\/3547"}],"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=3547"}],"version-history":[{"count":0,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/posts\/3547\/revisions"}],"wp:attachment":[{"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/media?parent=3547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/categories?post=3547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/tags?post=3547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}