No Bullshit HYIP Blog, A Part of No Bullshit Network

Disappointing returns for June, ending the second year-quarter with a -0.24% Total Loss. For the first time since IS launched , there is a year-quarter loss. I am not really surprized. They switched from news trading to technical trading, and there is a huge difference between those two different trading methods.

Read the full post of Infinityshares Up +1.19% for June

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Hi Firoz, thank you for taking your time to answer our interview questions at No Bullshit HYIP Community Blog.

When was AlertPay established? Is there any specific reasons why AlertPay was started at that time?

AlertPay was established June 19, 2005. Actually it was conceptualized and developed during a full year before launching.

Read the full post of Interview with AlertPay CEO, Firoz Patel

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I just received this update from CEP about their informal SEC investigation:

Hi, Everyone!
We have not heard much back at this point regarding the investigation, but I did call our attorney earlier today to see whether he had an idea as to how much longer this process might take. He thinks that it may be at least a few more weeks. We are still working hard behind the scenes to do everything we can. We, too, are part of the waiting game that all of you are a part of, and I promise we do not enjoy it, either. Know that we are thinking about each of you as we do our best to work all of this out. We will update you as soon as we hear anything else. Take care and God Bless until next time!
Trevor

Just in case you missed the original announcement, here it is:
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Popularity: 3% [?]

Read the full post of CEP’s SEC Investigation Continues

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Independent e-gold agent resumes exchanges on a limited basis. Good news for many.

Outexchanges resumed 26.06.07 Update

Read the full post of IceGold Resumes e-gold Outexchange

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Andy, of TFT and XLO fame has started a new surf, XLOTwo.

Hi there

As you know www.xlentopps.com ran for 12 months and more with a daily instant payout of 2% a day.

After much consideration, I am opening up a surf again with the same rates. This can be viewed at www.xlotwo.com

Read the full post of XLOTwo - A New Andy Production

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Probably this is almost the end for Global Online Depository as receivership is in placed. The amount involved honestly surprised me.

Michael A. Grassmueck, Receiver
for Global Online Direct, Inc.
June 25, 2007

To All Investors and Creditors

Re:Securities and Exchange Commission v. Global Online Direct, Inc.; Bryant E. Behrmann; and Larry “Buck” Hunter, United States District Court, Northern District of Georgia, Atlanta Division, Civil Action No. 1:07-CV-0767- WSD

Read the full post of Global Online Depository - Receivership in Placed

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The seized assets shall remain frozen. That’s the e-gold that was seized and sold for cash, all 1MDC account gold included.
MINUTE ENTRY ORDER denying [35], [36] Defendants’ Motion to Vacate Seizure Warrant and to Modify Restraining Order and Request for an Evidentiary Hearing. For the reasons stated at the June 21, 2007 hearing, in open court, the Defendants’ Motion is hereby DENIED. This is a final appealable order. See Fed. R. App. P. 4(a).

Read the full post of e-gold Loses Hearing On Seizure

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This change has been expected for quite sometime and I’m not worried. Spoken to Dan, Life Holdings over IM about it (even webcamed too) and I’m fully supportive of the move. Official source from Life Holdings Forum

Hello.

I apologize for the late update.

Read the full post of Life Holdings Switches Monthly Payout

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Thanks to Greg for this piece of news. Omnipay Africa is being delayed. Official source is from Omnipay’s website and can be found here.

Read the full post of OmniPay temporarily suspends exchange to transition to OmniPay Africa

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Assets, usage tokens, grids….what’s all this?

Read previous entries 1 and 2 so you can catch up on the Loom system or just watch the new Loom Tutorial Video.

There has been a lot of discussion in the past few weeks about Loom Gold and the Loom system. An Open Source ‘value transfer’ system, descriptions of the Loom have ranged from ‘economic dial tone’, fun with giant spreadsheets and on down to simply ‘the grid’. I believe Loom is all of those and more.

What can Loom do for you? Patrick and I spent some time on Skype. He explained and I listened. Here are a few of the points from our discussions which I have pieced together in Q&A form and mixed with some additional info. The following, along with the previous 2 posts on Loom, may help you to understand the dramatic benefits of Loom Gold and the reason I feel its has such a bright future.

Is Loom just an online accounting tool?

Patrick: Correct, Loom is not a currency. At its core, Loom is an entity called the Grid, which is somewhat like a giant abacus with one slight complication…you must reserve space on the abacus with “usage tokens.” Usage tokens are burned up in small fees as a user sets up their folder(s). This technique prevents the public from despoiling the space, and compensates the creators for the energy and time they spend maintaining it.

Advanced functions and API information can be found here. A very helpful interactive grid tutorial to help you set up and test grid operations can be found here and here is my newest informative Loom Tutorial Video.

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Popularity: 3% [?]

Read the full post of Patrick Chkoreff’s Loom Gold Q & A Plus The New Tutorial Video

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In 2005 there was a famous letter from a HYIP ring that explained how they opened up HYIPs for the sole purpose of stealing the member’s funds. Yesterday a new letter was posted at MMG in the ITrade4U thread. Could it be the same ring? The letters are similar. If it is, then they are still fooling most of the people and stealing huge amounts of our money!

First, the ITrade4U.biz website is for sale. They boast running FAPIC, INVEX, E-BASTION, TROYBANK, ITRADE4U, and OPENTRADE. You can see the advertisement here.

Next the letter to Invex Group members that outlines how they run their scams…

Dear Invex Ltd. Players,

This is a long message and will be the last news you will hear from us… until we open our next HYIP. We want, kindly, recommend you stop losing your time by looking after us. Anyway, for the cyber detectives, here is how we worked.

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Popularity: 6% [?]

Read the full post of Disgusting HYIP Ponzi Ring – FAPIC, INVEX, E-BASTION, TROYBANK, ITRADE4U, OPENTRADE, etc.

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It’s summertime and as usual things are slow in the HYIP world. So, it’s a good time for an email safety tip.

Never post your email address in an open blog or forum! There are programs that scrape websites looking for email addresses. The addresses are then used for SPAM, sold or used for malicious purposes.

Read the full post of Email Safety Tip

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This came a little late as I was away for the past few days. Dan, Life Holdings updates via his forum and NN on the performance this week as well as a heads up to expect changes.

Read the full post of Life Holdings - Changes This Week

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ChamberOfGold.com took a hard hit today and yesterday, but appears to be stable once again. Thanks everyone!

Popularity: 2% [?]

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After a period of DDOS attacks happening to digital currency exchangers, it appears HYIP directories are now being randomly hit. ChamberOfGold has been the latest, being spiked with bandwidth consumption over the past 3 days. Most traffic is coming from certain IP range which will be blocked. Thanks for all your support, we should be back up shortly. NOBS will be the first to know.

Read the full post of ChamberOfGold under attack

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