No Bullshit HYIP Blog, A Part of No Bullshit Network

I wrote an article about this scam at nobsinvest.com. I should have included it here. Actually I should have written here first. LOL The discussion over there is a lively one! Typically, the flunkies of the scam are protesting and trying to discredit me. Come read about it, learn where to report it and take [...]

A year and a half ago I introduced this blog to PointShareXtreme, only it was called PointShareGold back then. I was still pretty green to the HYIP industry and was jumping on anything that looked remotely promising. At the same time I was getting my proverbial butt kicked by HYIPs. So, when PSX stopped paying [...]

The EarnByLoaning website is currently unavailable due to a massive DDoS attack. According to their support team, they are working vigorously with their host to get the situation under control and put in steps to prevent it in the future. The website is likely to be down for a couple of days. Please hold off [...]

There is a post today in NoBS Network Forum that someone has recovered part of the money scammed in ITrade4U. I have no clue as to how real the offer is, but if you lost money in ITrade4U, it’s worth a look… Post by Rebelle: Dear investors-victims of itrade4u.biz! I’m happy to announce that our [...]

The SEC filed formal charges against CEP, Trevor Reed and all related sites on July 9th. Code4Gold has the story and his views here. Drunk’s World has the story and Dustin’s, Desert Sky Marketing, response here. Thanks to Dolphin, who posted this information in NoBS Network Forum. Anyone surprised? JMO, Sharon

The Republic of Phillipines SEC has issued the following warning: SEC WARNING BEWARE OF INTERNET-BASED PONZI INVESTMENT SCHEMES The Securities and Exchange Commission (SEC) has received reports that the following entities are allegedly engaged in internet-based ponzi investment schemes: FRANCSWISS. SWISS CASH, UNIVERSAL FOREX SYSTEM, GLOBAL AMERICA, and PRIVATE FOREX TRADE, INC. These entities are [...]

Just how low will a scammer go? We’ve all talked about what scum Richard, the HYIP ring, Andy, etc. are, but I’m not sure they would sink as low as the admin of the former Please-Invest scam. He claimed his name was “William” when he stole over $200K running PI, but then again he has [...]

UPDATE July 3rd: EBL site updates are located at www.earnbyloaning.biz. EarnByLoaning is taking down the current site to do final testing and data migration. While they didn’t give an exact date for the new site, it is getting close! Here is their update: Hi Guys, Effective 9 am EST time Sunday( New York time for [...]

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 [...]

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 [...]

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 [...]

This is another shameless plugin for the NoBS Network Forum. However, it deserves it! I was gone for about two weeks and there were almost 1200 new entries! Jude posted that it is averaging between 300-600 unique hits a day. All this from 410 members. That is pretty active for a new forum that is [...]

Egold filed a motion for an evidentiary hearing. Read the motion here. For those that aren’t sure what an evidentiary hearing is, you can read the wikipedia definition here. In addition, they asked the Court to vacate (remove) the seizure warrant and modify the post-indictment restraining order. I know that people don’t like to read [...]

NSFG continues to disappoint everyone unlucky still be with them. (Jude was wise to get out last year. I’m sorry that I didn’t take his advice at the time.) They are freezing deposits and withdrawals due to egold exchange problems. In addition, their trading strategy posted a loss once again. Normally a month with a [...]

The EMO updates are just as frustrating as the 12DP updates! EMO Corp. Assets Sale Update Wednesday, 02 May 2007 The Receiver had successfully negotiated the sale of substantially all of EMO’s assets, which was to occur in early March 2007 for in excess of $1 million. A former member of EMO management (Todd Tredeau) [...]