I received the email below from a David Sharp with the subject line "Hello Sir". I sent an email asking if I can visit their corporate headquarters since its in my neck of the woods. I also asked if they are licensed by the Ontario Securities Exchange in Canada to offer investments online. I have yet to hear a response (and don't expect one). Anyway, you guys should be able to tell just by reading the email that this one is just another pretty ponzi in the making.

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I posted a review I did on Joyfund — the new kid on the transparent HYIP block here. Here is a summary: Quick Program Facts

URL: www.joyfund.info

Minimum Deposit: $1000

Returns: Approximately 30% on average (20% net after admin fees)

Returns Generated From: Trading Options on Commodity contracts

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A few of you of sent me e-mails asking why Udachu Diversified Fund is only rated a B+ on my High Yield Programs list. This article on my friend Merovingian's (aka Van Bassidor) blog sums it up nicely. While there is proof that there are involved in real businesses, no one knows for sure how they generate their returns, as they are not audited by a third party. You can also find an interview that Merovingian did with Rod Spiller — one of the admins at Udachu Invest here.

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