I received this email from a Solid Invesment “investor” a few days back and thought it would be interesting to post it here. You can view my comments below it.
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Hey Rabbit,

As an investor at Solid Investment I feel I must come to their defense.

I have been a member for 4 months and have been paid everyday without fail.

That being said, you mentioned, “Solid investments was listed 167 days ago and Vasco Investment was listed 133 ago. This is a far cry from 8 years.”

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Well NSFG (North Sea Forex Group) is now closed to new members. I hope that all the readers that saw my post last week was able to get in before the deadline on March 25th. Their Managed Accounts are still available for a minimum of $25,000. You can learn more about this here.

I will be looking for other quality programs to add to my HYIP list.

Speaking of Managed Accounts, I have now added a Managed Account section to my blog. Those of you not familiar with what a Managed Account is can read a brief article I wrote about them a while back here.

WHAT DO I THINK ABOUT:

ZOOMINVEST / Croft Brothers / Daily Instant Pay / PRIVATEOPPS

I lumped these all together because they are pretty much all dressup ponzis. Zoom Invest and Croft Brothers have already disappeared since I received the email inquiries about them. PrivateOpps just this week announced that they are going private (usually a very bad sign for dressup ponzis). Daily Instant Pay is the worse of the lot. It is a scam that keeps on scamming. It is not paying yet the site is up and still collecting people’s money. STAY AWAY!

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MPDW

MPDW has been downgraded to “Programs On Hold”. On March 14th they suddenly and arbitrarily decided to lock people’s principal for 6 months. While this is not unusual per se (Udachu also locks principal for 6 months), the way they go about making the change was very unprofessional. Unlike Udachu, people who joined the program did not do so under these terms. I for one would have probably taken a different path with the program if they had this 6 month lock period prior to my joining the program. With this sudden move to lock our principal, they are giving fodder to those that have been saying for months that they are a ponzi. I still do not share the view that they are a ponzi (at least not a 100% ponzi). I do not think it makes any sense for them to have traders (at least one confirmed) on board if they plan to run a ponzi scheme. This being said, I think they botched their handling of the earlier controversies. They could have easily stemmed the flow of withdrawals that followed by simply getting audited by a third party or showing all their members proof of trading. But instead chose to keep everything a secret.

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I have to re-post this message because the original one with the copy and paste email from “Herman” — a reader — was affecting the menu bar on the right. You can read the contents of the email here.

MY VIEW

While I think it is commendable for Herman to be doing this, I think the best way to fight the scammers is not to “invest” in their scams at all. He mentioned Secure Land Invest in his message. Now if you visit the site you would see that they are offering 300% in 12 days (their regular plan pays 4% daily). If this is not ridiculous enough, they also claim that they are making this from real estate. Before we put our money in programs like these we need to ask ourselves some basic questions: can these kind of returns be made from real estate? And if this were the case, would it not be better for the admin(s) to go to a bank and get a loan for 8% per annum instead of paying 4% of his / her profits daily to us?

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On March 25th, North Sea Forex Group (NSFG) will be closing it doors to new pool members. The reason for this is that they have grown too big for one guy to handle. They will still be offering the Managed Account services listed on their web site after March 25th.

Open and transparent programs like NSFG are very rare on the internet. So it will be sad to see it close to new members. If you are not already in, I would suggest that you secure a spot as soon as possible. To get started, send an email to info@ns-fg.com. The minimum is only $100.

Received this email today from one of my readers and thought it would be a jumping off point to address the lacks of posts recently. He wrote:

Rabbit,

Are you dead, or just tired of blogging?  Where are you?

Brian 

For those of you that are wondering the same thing. No I am not dead. I have also not grown tired of blogging. I have been very busy the past weeks with some projects I am working on. After reading this email from Bryan, I am now again resolving to add a post at least once every two days. There are a few things I need to do some follow-up on from previous postings and a lot of new stuff to add. You can expect to see at least 6 or more entries in the next 2 days or so.

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Effective today, Phoenixsurf is moving from an Auto-surf to a manual-surf program to strengten its legal standing with the US Securities Exchange Commission. They are also taking other steps to prevent what happened to 12DailyPro from happening to them as well. You can read more on this announcement here.

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This will be a new weekly feature where I highlight some of the questions that I get from my readers via email. I am sure that some of you have similar questions as well.
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What do I think about:

Vasco Investment

I personally think that this program is just another well-dressed ponzi scheme. The admin(s) has put in a lot of effort into making the program look legitimate. This is why the web site is so professional looking. Like Solid Investment (another dressup ponzi), they claim that they have been around for years. However, no one knew about them prior to September / October of last year. Were they top secret all these years? I think not! Programs this good do not stay a secret for very long.

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I was not in this one, but what of my readers sent this to me and I thought it was important to post this here so that others do not get caught up in this scam.

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Scam Warning
Reason: The site pays 4% every day and claims to buy undeveloped land for resale into lots after building infrastructure and roads. They payout on the 1st of each month. At the end of February I asked to withdraw my accumulated balance of over $3200, for March 1st payout. It never happened! After 5 complaints using email, fax, and direct phone, NOTHING! I went to both of their self-proclaimed “hyip” monitoring sites to lodge a complaint, and it was erased within minutes. Both sites obviously contain only members who claim 100% satisfaction. Closer inspection of member comments made me realize that they contain the same broken-english used in their web site language. SCAM, SCAM, SCAM!

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