HYIFund will be back!
By de_toya
@de_toya (2429)
Indonesia
May 13, 2010 9:45pm CST
HYIFund will be back. Do you believe it?
I am a member of HYIFund and today I receive email from hyfsupport@hyifund.com subjected HYIFund is Back on Track. Does anyone of you who are member of HYIFund receive the same email?
In the email that I have received they said that they have resolved all of the issues and will be able to continue providing the same great investment offerings that they have made available for the past five years.
Below are the issues that have been addressed:
1. They had received tens of thousands of dollars in fraudulent Alertpay payments that were subsequently removed from their account. As a result, they are no longer accepting Alertpay.
2. Hundreds of malicious members took advantage of their free investment offering, despite their strict single account rules. They have discontinue free investment.
3. They suffered numerous losses in the recent financial crisis as a result of the tumbling Euro and Greek crisis.
The outcome of these issues is that all account balances were reset on May 9th as I have discussed in http://www.mylot.com/w/discussions/2312064.aspx. They also said that all withdrawals will be completed in 24 hours. I hope this is true.
7 responses
@magtibaygom (4858)
• Philippines
14 May 10
That's good news! Even Genius Funds then issued messages like that, they'll be back. And they came back. But after getting some problems with governments and their agencies, they vanished from planet Earth.
I suggest, once you break-even with your investment and get some little profits, start to bail out from that fund site. Don't wait for bigger profits. Get out of it early as possible or else you'll lose money. Don't wait for some cynics to call the governments and authorities where HYIFund claimed they were registered with.
The problem with HYIP programs is, of course they are registered and existing, but most of them are not authorized to sell investments. The question is, are they registered to sell securities and investment products? Are the return on investments they are promising are accepted by concern government agencies and authorities? Are the investors protected by agencies like Securities and Exchange Commission?
Be careful. It's like investing on a fishing boat. You cannot sleep well at night fearing a storm might sink your boat. You never know when it's gonna sink. Now, knowing this fact, don't wait for your boat to sink to take action! Act in advance and bail out!
@babshish (1387)
• India
14 May 10
Hi de_toya, yes I also received the similar mail. But now I have lost faith on this site, as you never know if they do it again. It is total loss of our investment as they have reseted all the balances to zero. And now they have also removed their initial free $2.5, so even if you invest $1 it will take almost more than 3 months to recover that investment and be in profit, which is pretty long time. Anyways all Hyips are very risky and it is always good to invest the smallest amount and keep on withdrawing and don't be greedy. I recently joined one such site which is giving $2 as free investment, and you can invest any amount you want, so I invested only 50 cents and was earning 4 cents daily and withdrawn $1. Now I am in profit . So dont trust Hyifund any more in my view.
@josechukkiri (3014)
• India
14 May 10
I am also a member in the wellingtofund.com. It functions well at the present.
@mursalinontube (188)
• Indonesia
14 May 10
Hi babshish
I bet you're talking about TheWellingtonFund right :D
This HYIP is so far my favorite HYIP. Good daily interest. So far paying since 169 days ago. I have gain about 190% ROI from my $1 deposit xD
You're right about not being greedy. HYIPs lifetimes are unpredictable. They can turn scam anytime!
@myl999 (2093)
• India
14 May 10
I do not think so because as already said here somewhere I too got the said email and logged in to see but to my surprise there were no data in my account so its not truth,do not invest instantly,I was suggesting this since the launch and discussion because this program is not going to return your principal so be very very careful with such programs.good luck
@lindiebiz (1006)
• Canada
14 May 10
I hope this is true because I tried to log into thier site but it was down
@mursalinontube (188)
• Indonesia
14 May 10
Hi again de_toya (so, you're Indonesian .. salam kenal :D)
I received the same email from HYIFund since two days ago.
I suggest you to be careful not to easily investing again on HYIFund. If you follow many threads on HYIP forums, you will find some bad histories just like the one HYIFund is doing now blaming the crisis to accuse them self, resetting your balance to zero and then begging you to kindly invest again .. while the one that they want is scamming you again. Becareful. Ask some advices from HYIP experts that you know, whether it is safe to invest again in HYIFund or not?
Good luck and happy earning :)
@mursalinontube (188)
• Indonesia
14 May 10
You're welcome. Nice to meet you and thanks for accepting my request :)