The link here: http://hyipblog.nobshyip.net/2008/05/18/adsurfdaily-cashgenerator/

In addition to Jude, Tony, the rest of the bloggers here, there is Dolphin, Leo, Curt, Chris, Jose, SurfBloodHound, Surf Ads Inc. These are just a few that I could think of off the top of my head! If there are bloggers that affiliate directly with programs, they are in the minority.

Monitors on the other hand routinely invest in most program, so they can report paying or not paying. Programs know that it is worth the price to have a paying status on monitors, so even if they aren’t affiliated directly with monitors, they are indirectly associated by paying them first. In addition, I’ve heard rumors that sites like ASA takes a payment for reviewing a program positively. They call it a fee for premium advertising, but to me it sounds like an unholy alliance.

JMO,
Sharon

Hi Jose! I see now what you mean; yes, this seems to be clever scamming…

@makila:

Hi Makila! What’s the Richard’s blog that you’ve mentioned?

Since we’re talking about scams, has any of you had experience with perfect-forex.com? They also have original scamming method:
They have a bunch of monitors buttons saying “paying”.
But they only pay to monitors, not to other users!!!
Plus, they post bunch of false good votes on those monitors!
I tried to stop them by posting bad votes on each and every monitor they are listed at, but I can’t compete with dozens of good votes by their network!

Regards
Max

Yes, here in Spain I can receive a loan from a bank without questions.

“Even if a forex trader can make 10% monthly ROI consistent, why on Earth will they share this profit with you? They can lend money from bank or from private lending house paying 10 TIMES LESS interest”

Because a forex trader can make a good profit with thousands of dollars from other people without lending money from bank and without paying a high fee to this bank. And of course with digital money and some more transparency.

In some countries (as Spain) you must pay annually less taxes if this money is from trading than if you get that money from an individual job.

It means that if I deposit $5000 I will not make profit with my money in 20 months!! and not only that, it means that I have to wait more than a year to receive my money without a valid proof.

That’s why I said that it seems a new scammer strategy. Yes, you can receive your money but he is making profit with it and your money is not refunded in a valid period.

So, what if I am a real trader and show these proofs to all members and then after 2 months I trade with their money without giving them the promised profit with excuses?. It’s like a loan.

I’ve got all their money and I am making profit to myself and from that profit I am returning the deposit little by little…

1) How is he scamming if he’s giving the money back?

2) If he ISN’T giving money back, then it’s not a new form of the scam: I have seen many programs in past, when they reach the pyramid limit, they close the program and disappear without the word, either they email their members they will get their money back in time.

They show you real trading, real documents and telephone verified and so on. I am the third party of a program like this.

But when the program is running for some months he email his members telling that he must close the program and you will receive your money partially in some months with bad excuses.

So, he is making profit with your funds and you are not receiving your profit monthly: only a part of your deposit each month!!

A new form of fraud?

What can you do in this situation?. If you take part with lawyers you will receive only a part of your deposit and nothing is sure due to a disclaimer section.

I know some program who is trying to do this fraud to many members now, I am not going to post it here because I have sent an email to this Admin with a term to return the money of the members or all members will receive his documents and the necessary information. But after this term I will post in my Blog, and here (if Jude let me to do it) about it.

Any suggestions?

I just want to add on to what Steven has said. Do you think a bank would loan us any money if you tell them that you need it to speculate/invest on forex, stocks/options trading, sports betting and such? Not likely.

Therefore, I think for those legitimate programs out there, there is room for some individuals to obtain “loans” from interested parties. Of course, these programs needs to offer better or higher interest rates than banks. Otherwise, I might as well put my money in the bank or invest them in some mutual funds/bonds.

Hmm, being that trader, I didnt have contacts such as Jude… I did have to small start with $300 in the beginning, after 2 weeks my biggest investor atm was convinced to invest, and he’s still doing so over and over, every time I prove to him that we can make that profit… Of course the DD he did on me is the maximum you can do: ID, Adres, Phone number, Private Phone number, RL meeting etc etc etc, it doesnt end, kinda scary, but of course that guy knows I’ll never run. Same for Jude, he did invest also, and he knows I’ll never run.

So I can totally agree on the rule ‘trust comes first, but of course after you got enough material to know you can trust the man’.

Anyway, I do think there are a few honest sites out there, you shouldnt take big risks investing, but if you do, simply make sure you get it back when you ask..

No I have no 100% secure program, Marius

I don’t advice anyone to stop invetsing in HYIPs or to continue investing in them - it’s completely your choice. My point however is that you can never be sure they are honest.

My point also, although not directly said in the article, is that this is not really investing. It’s not investing when someone have 100% control over your money and can run away with them at any time (even if today he/she is honest). It’s not investing when you are giving someone your money and hoping they’ll do it for you. Investing is when YOU have the control over your money (even if other people manage them). This could happen if you hire trader, open managed account, invest in mutual or hedge fund or something like that. In all these cases you are not dependent on someone’s good will.

Max, as for your program my advice is, when the time comes, to go private without giving pre-announce. Usually the announces “program will go private in 1 month” or so is considered red flag.

As for the 21 year old student, the first thing I would do is to call Jude or few other nice guys and ask if they are interested to lend me some money and earn interest on them. Yes, this will be a HYIP, but just with few large investors. Believe me, no trader who knows what they are doing would ope n a program to deal with $100 “investors” who each month withdraw $5. This could happen only in some very special occasions like Max’s RTA is (because he really needs investors, but not too much of their money).

Do you put PeterB and his CFXT program in the “scam” category. If memory serves, you have touted this on as one of the best programs. And what about LifeHoldings?

I think the advice in the article is good, but to put all in one basket is as irresponsible as not doing DD at all.

The tone of the article is “run for the hills - you can’t trust anyone”.

Many of us, including Jude and Mbongwe, have had a change in direction as far as our portfolios. We’re trying to invest in programs that have a real, viable business generating returns and the person(s) running the business has a knack for brining in more positive returns, than negative.

There are couple of places where you can find our portfolios. The easiest way is to log into NoBS Network and look up our profiles or look at our profile block in an of our posts.

I hope this helps to answer your question. If not, I’m sure Mbongwe will speak up.
JMO,
Sharon

You can’t get more transparency than those that are currently on my portfolio right now.

In placement, honesty to me is on #1, followed by capabilities to earn and then how the team/ person runs the program.