Hyip weekly report – facts you should ponder

More news about ‘pension plans’ alliance, most likely these kind of programs are aimed to scam people with new tricks and twists. This time, again, it is about Global Pension Plan (GPP). Recent update from the admin of Global Pension Plan regarding member profiles, requires them to scam and email their identification. We strongly suggest you to think multiple times before sending your confidential identification as there is a big possibility your details may be abused and you will be vulnerable to identity theft, fraud, and many more. You do not know who is or are behind this program so why would you expose your crucial information to them.

Why don't  you ask them to send their identifications to you before you sending yours to them instead. If they are really honest and legit, it would be no problem to them. But you need to verify the accuracy of the details too (in case they agree to send you their details which we do not think they would do).

Anyway here is the full update regarding the requirement for members to send identification:

“Dear Members,

We are now ready to start accepting the documents. Please follow these instructions carefully to ensure the safe delivery and to save both yourself and us from further trouble and extra work.

1. Scan your passport copy and the completed and signed Membership Agreement. Make two JPEG/JPG files, don’t combine them into one file. One file must not be larger than 1MB, so use 150dpi resolution.

2. Compose one email with only your username in the subject line and two attachments. Do not write anything to the email body, it will not be read. Do not send more than one email for one member.

3. Send the email to: (email address will be revealed on the 17th of July)

4. Check your email account for an automated confirmation.

Please note:

- only JPEG/JPG (same file type, different name) files are accepted (other file types will be automatically rejected)

- emails larger than 3MB will be automatically rejected

- use the same email address to send the documents as you have saved in your profile.

You will have one month to send the email with the scanned documents: from 17th of July 2008 until the 17th of August 2008.

This information is not to be publicly regenerated and published outside this forum. Thank you for your cooperation!

Regards,

Stella”

Global Pension Plan is still a hot picked program among hyip players despite of the fact that, nobody ever received the promised return of up to 55,000 euro for a very low one time deposit of up to $30 euro and the pay outs will only be made when they reached 100,000 contracts (that means after they got 100,000 victims for them to scam). So, to those who are fanatic about Global Pension Plan, this information may make you change your mind. I found this information from HyipDaily Blog. It is an online pyramid fraud scheme warning issued by the Finland’s National Bureau of Investigation (NBI). The fraud warning as follow:

“Finland’s National Bureau of Investigation (NBI) is investigating another suspected online pyramid fraud scheme, Tampere-based daily Aamulehti reported on Wednesday.

According to the paper, the scheme is called Global Pension Plan. The NBI had said earlier it was probing an online “investment” scheme named WinCapita.

“This is a cross between pyramid marketing and an illegal lottery,” Jouni Laiho, a senior civil servant at the interior ministry, was quoted as saying by Aamulehti.

Mr Laiho told the paper that thousands of Finns had probably lost their money.

Global Pension Plan is marketed on the internet as a retirement pension scheme costing as little as 30 euros. Punters are told that they will be paid a pension of 55,000 euros on a vague future date provided at least 100,000 sign up to the scheme.”

I think nobody could win in this hyip because they do not have any fixed date of when they are going to make the first pay out. We think they will vanish as soon as they reach their minimum target amount of money to scam.

This is something for you to ponder. I found this information from Alans Money Blog. He did his own due diligence for a new e-currency based payment processor which has similar features like e-gold. A website called AlterGold. We are not against AlterGold neither we agree to Alan’s review. This is just something for you to think of.

Based on Alan’s finding, he pointed out that AlterGold uses a free DNS hosting service, which situated here:

ns1.dns-diy.net

ns2.dns-diy.net

According to him, AlterGold could at least afford to host the domain on their own server(s) or with their own hosting company.

After Bricksfund and MinInvestment big scams, now another quite hot of low rate of return and long time frame type of hyip which called Imonet turned to scam. In fact, this hyip has shown its true color since the middle of June actually when it started to incur payout problems and the website kept going unstable. This hyip offers three types of plans which are 1.6% daily for 180 days, 2% daily for 180 days, and 2.6% daily for 180 days. And like other similar scam hyips, Imonet also locked up the initial capital until the maturity of the plans.

Then in the end of June, the admin resumed the pay outs but only for the monitors and small amount of requests. According to members, prior to pay out problem, the admin had announced about changing the program’s plan. Later the  members realized that the change was a red sign or scam alert, but it was too late now.

As of May, this hyip announced of launching its own debit mastercard services called iMDCard for members to withdraw their funds. Well seems like nobody could ever try it out now. And like other former famous scams, offering a debit card is nothing more than just a scam sign. Hyip players may think it’s a real deal and serious business but it just the opposite. It’s the same thing when the admin announces of launching his own payment processor. We wrote about these scam signs and scam alerts over and over again but still people fall to these tricks.

One of the members revealed his findings which was interesting. He came across these statements on the iMonet website which is as follow:

"Total Account Principal' - Account Principal is the amount the interest payments are calculated on. It is comprised of all your deposits via e-gold, Total Compounded Interest and the funds you have transferred from your Withdrawable Balance manually.Please note that Account Principal is locked in for the term of 180 days from the date of the first deposit in your VascoInvestment account. Withdrawable Balance' - This is the amount you can withdraw into your e-gold account at any time. It is comprised of all non-compounded interest payments."

He is a newbie and was wondering why there was ‘VascoInvestment’ written on the website. When he searched online then he found out that VascoInvestment is a former famous hyip scam back in year 2005. So, he sent a support ticket to the admin of iMonet asking about this matter. The admin did not reply, but surprisingly, on the next day, the admin changed statements which looks like below now:

"Total Account Principal' - Account Principal is the amount the interest payments are calculated on. It is comprised of all your deposits via e-gold, Total Compounded Interest and the funds you have transferred from your Withdrawable Balance manually. Please note that Account Principal is locked in for the term of 180 days from the date of the first deposit in your iMonet account. 'Withdrawable Balance' - This is the amount you can withdraw into your e-gold account at any time. It is comprised of all non-compounded interest payments."

Looks fishy. Maybe iMonet belongs to the same VascoInvestment scammer. And he uses the same contents as he used before when he ran VascoInvestment but had over looked something. As 180 days is just around the corner it is not a surprise if the admin runs away now before members start to request to withdraw their initial capitals.