HYIP Profits

VezGroup Update

VezGroup reached a total of 2013 members and is steadily growing. VezGroup will stay on their only plan which is the Vez Forever Plan that pays 2.4% daily forever. The plan also has compounding and return of initial deposit at the end of 8 weeks. Members are also allowed to cash out payments daily but should be manually done and could take from 5 minutes to 24 hours.

The admin reports that their HYIP had been constantly paying its members since their launch. He also thanks the members for being supportive on VezGroup and because of that VezGroup gave some bonuses to their selected members.

Here are more on the email:

Dear Client of VezGroup,

It’s great to announce to you that VezGroup is doing just great since it’s opening, Our production in the field has been awesome, our online team has been busy balancing the affairs of all investors. The statistics for VezGroup is pretty good at this moment with a current membership of 2013 members and this number continues to increase steadily.

VezGroup is sticking to its steady paying VEZ FOREVER PLAN which pays 2.4% Daily Forever, this plan allows compounding and return of all initial deposits at the end of 8 Weeks with an initial deposit of 20 USD whilst 20,000 USD is it’s maximal investment limit, with the Vez Forever Plan you are allowed to cash out your profits daily, all cash out request are manually processed at request within a 5mins to 24hours time frame. Also, our program is designed in a way that no one is left out; VezGroup pays 5% Referral commission of all deposits made by your referrals.

Our program has been constantly paying all members this has lead to the tremendous support from clients, we are saying thanks at this point to all members whom has been so supportive, some bonuses where sent out to some of you, this is to encourage you, we give you our word, VezGroup would grow to becoming the best and most stable HYIP in this industry soonest, we will not be in a hurry to get there but we shall definitely be there, you have no regret to remain with a great management site like ours.

As for our support, our live support are always online 8 hours a day to answer all your online inquiries, our project manager (admin) is also available in some major financial forums to give a quick updates and support however, email support remains the best means to reach us.

Members read through our interview and review with major financial blogs, get more informed and that your next step, we wish everyone a profitable ride with VezGroup. Keep checking your inbox for more updates regarding our program.

Again, Thank you for being with us!

Regards. Public Relation Manager

VezGroup Team

Reasons Not to Trust Aballong’s Return

So Aballong is back. And why does that not make me feel happy? Its because Aballong’s return was a doubtful one. There are questions bugging my mind. And these questions could also be answers to why Aballong really returned. Did they returned for the good or for the worst? Here are the reasons to why Aballong made it’s return:

The World Cup

Aballong is a sports arbitrage and the start of the World Cup made them want to return the soonest possible time so that they can encourage people and earn them profits in return. With Aballong’s trusted record when it comes to sports arbitrage, investors will turn to Aballong over other sports arbitrage in the HYIP industry.

The Promised Refund

This, I doubt if it’s true. Since Aballong published that they have paid all the pending withdrawals, I saw on one of the forums that some investors were not paid. Does that mean that Aballong was not able to process all those withdrawals that they are talking about? If withdrawals are processed, where exactly did they get those funds?

Lack of Communication

Since Aballong’s return I never heard anything from them like site updates or even the withdrawals itself. I rarely see any emails from them that’s why it leads me to conclude that withdrawals are fake. Yet, look what I found on one of the forums I visited:

Martin and I are entirely back for work and regained the majority of our accounts and money. Martin learned from this issue and deal differently with our bookies. Withdrawal is open again. Please allow us up to 5 business days to handling withdrawals, Martin and I also attempt to catch up with email, please do not submit more as one email.

An explanation regarding the pending withdrawals of other investors. The lack of communication with their members makes them think that Aballong will scam them. If Aballong continues this way, the program will not last.

Are these reasons enough to confirm that Aballong should not be trusted? Certainly. Because one of the main reason why an HYIP is trusted is because they communicate with its investors. Without communication, investors speculate differently on the program thus make the program down.

StaunchFinances Officially Closed

It’s sad to hear that one of the paying HYIP is officially closed. But the good thing here is that the admin accepts the programs closure and blames himself for the program’s failure. At least this admin accepts his own mistakes and not blame the people. But we were shocked about how the program went through because his previous email tell us that the  program is progressing. Maybe that’s his own strategy so that people would stick to him until the program’s end. The admin said that the income generated was below on what an HYIP would expect so the program cannot continue anymore. To prevent them from calling StaunchFinances a scam, he was wise to disable the deposits for the site. He also promises that he will return everything that he owes to the members.

Here’s the email from StaunchFinances:

Dear members,

I would just like to announce that StaunchFinances is OFFICIALLY CLOSED. I did all I can to make this program alive but in the end, it wasn’t meant to be. There are a few reasons why this happened but I will not divulge much into it because ultimately, it is I who failed to generate enough income to keep the program going.

Deposits have been disabled since yesterday. I will continue paying whatever’s left in our funds and refund those that deposited today. Please do not send anymore tickets as I will close all our email addresses. There’s really no need to ask me what happened. Anyway, I wish you all luck in your future endeavors and again, I’m sorry.

Brent

Aballong Catches up on Payments

I don’t know what Aballong is up to showing up like this. It was a surprise that Aballong showed up telling to people that they had processed 95% of the pending withdrawals. Withdrawal option will also be available on Aballong to give way to the World Cup that will be held soon. Withdrawals will be open by June 16 so that members will start earning profits again. Deposits will also be available on Aballong. And with regards to payment processors, Aballong will not accept StrictPay.

Here’s the email:

As you certainly realized we were catching up with payment requests Most pending requests have been settled, and we will be on the focused time schedule on the 15.06.2010 to open the withdrawal link, and start gaining you profits again. Martin is very positive with the World Cup ahead, Martin and I will have everything on time and back to normal. If you want to help Martin getting funds into the world cup, you can invest again. Withdrawals are possible on the 15.06.2010 again. Almost 95% of all pending withdrawals has been processed, Martin yet have some trouble about the Strictpay and GDP situation earlier, we are on recovering here. Martin will also not accept Strictpay in the future.

Martin and I also employed a few people for support, so from the 15th its really back to business, back to normal and Martin can make us all money again.

Best Regards. Alrea. PR- Management

It is quite a doubt for Aballong showing up like this to people. We don’t even know if they should be trusted or not knowing that the program wasn’t able to survive for long.

Aballong’s E-Currency Excuse

The report that Aballong gave to us for not making payments lately were more of an excuse than an actual fact. They took advantage of the problems that e-currencies were having lately like the one on GlobalDigitalPay so that they can buy some more time and generate money. They blame it all to e-currencies like StrictPay and GlobalDigitalPay and explained that this was the reason why they are behind investments on bookies and that they weren’t able to make arbitration at the moment. Look at this email and judge it accordingly:

We still not get any answers from StrictPay not even the feedback that they received the papers, and they did! So we are a little behind in investments, into bookies, GDP is somehow back online, but no exchanger is willing to exchange out, so also here we can’t do arbitration at the moment, this considered, we still have other Epayment Systems and we still make arbitration with them, and be on time with payments with all Premium Plans as we promised, we got also more than 900 emails at the moment so we are behind this, we work at the emails as fast as we can, please do not send more than one email as it just delays the email responds from us. All pending refund requests will be refunded as fast as we can, please do not submit here more emails, it will not be faster, some people submitting 10 emails at a time!

Regards Alrea

I don’t know about you but to me it is more like an excuse rather than an explanation. This move allows the hyip program to buy some time so that they can recover the program or worse scam more people. It’s suggested to refrain from depositing at Aballong at the moment until the problem is fixed.

What Lurks Beneath PTVPartner

PTVPartner may be down but their blog isn’t. I was able to skim through their blog and found here the reason beneath PTVPartner going offline. The blog is still active at the moment and you will be able to see the plans that Garret is pursuing plus his plans on establishing a private program. The latest blog (and the only one) that I’ve read, explained how PTVPartner went down. Garret said that in trying to fix the problem, it created another problem which makes it worse than before. He also apologizes to the members and said that he will only refund to the members who are not in profit and leave those in profit behind. It also states the future of PTVPartner that will be like GNI that is private and not available to online investors.

Here’s the excerpt on the blog of PTVPartner:

Despite the naysayers, which I realize are many, and rightly so in some cases, I am here to update you all.

When PTV started, I had the best intentions of helping many. I envisioned at some point changing the ecurrency world. It was perhaps an overly grand vision. Actually, it might have worked had it not been for the circumstances that took place. Most will never know.

To list these reasons would open up a whole new debate and only be construed as excuses anyway. While the naysayers will tell you this is just more talk to keep members quiet, that is not the case.

When PTV started I believed I had taken all the necessary actions to keep any of the usual things from going wrong. On that the naysayers are right. I was wrong. Much happened and in trying to “fix” the problems more were created. Finally, at the end there was almost no way to adequately fix it. Not with the site running and not under the circumstances that were created.

The next part is the hardest to say. We have taken down the site completely but I have not gone away. I am here, licking my wounds a bit since, but with the full intention of paying all those not in profit. Those that were in profit, I am sorry but there is no way to continue paying out at this point on the plans that were running. The current steps that are being taken are these.

1) A full accounting has to be done. Because of all the issues that happened to the script and the errors that were made by some of the IT staff and the corrections we attempted that backfired we are unable to do this in a hurry. This is anticipated to be completed within a few weeks.

2) We are considering the future. My reaction at this moment is to payout those not in profit and walk away. Should anything further be considered, it will be extremely limited in membership and possibly not even offered to any current online members.

I am sorry. None of this is what I intended in the beginning. Nothing is yet fully determined as we must get through the current situation first. Then we will take a break, look at what we have and make a decision from there.

…

You can view the whole explanation on PTVPartner’s Blog

It is kept online show to the people that they are not scams and the program’s downfall was not intended. It’s up to us now to judge if Garret is really telling the truth. From the plans of Garret to the visions of PTVPartner, we really can say that this HYIP program is professional. But due to the problems that occur, none was able to predict the outcome of the program and yes, naysayers were the ones going into speculations that PTVPartner is a scam. PTVPartner was the program that has plans on its investors but I think they came at the wrong place and at the wrong time. Maybe venturing the program offline will make things work out for them..or maybe not.