by Pramudita — published on October 9th, 2006
How HYIP monitor work, can we trust HYIP monitor and how to make money by using HYIP Monitor ?
One of the main sources of the HYIP information are the HYIP monitors. HYIP monitors list HYIP sites and provide with some basic information about the program, as when it was started, how does it claim to gain the needed profit and what are the interest and fees, but also the most important information - if the program is paying or not. Some programs continue operating even after they’ve finished to pay their members and while experienced investor may always find out easily if the program still pays or not, newbie investors may sometimes lose money on such programs.
HYIP monitors work in a very simple way, they just monitor all the HYIP programs and also sort them by payouts, age, rating, performance, reliable or their preferences. Lots of HYIP monitors also allow people to vote/comment for the programs. While this is a great feature, some of the votes may be easily forged by the program owners themselves, but still the majority of votes are usually made by real persons, which were happy after they got paid. Also pay more attention too the bad votes.
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by Pramudita — published on October 5th, 2006
We want to take this opportunity to provide all of you an update regarding the status of the Real Fund Litigation. As you are aware by now, we represented investors who filed a lawsuit against Real Fund in August 2006. These investors had been defrauded by this illegal ponzi scam operation and Real Fund was threatening to abscond with the investor’s funds. We were successful in stabilizing certain accounts before the funds could be withdrawn and irretrievably dissipated.
The case was handled as a class action lawsuit on behalf of all those who had sustained a loss at the hands of this operation. The court certified a plaintiff class, entered final judgment against Real Fund and its John Doe operators (alias, Martin Hasibuan) and approved the distribution of recovered funds to the investors.
We have received emails and other communications from some of you expressing disbelief that this program was a ponzi scam or otherwise an illegal operation. Many of you stated that the program had been making payments and therefore, “must have” been legitimate. Through our investigation and the court proceedings, we have conclusively determined and proven that Real Fund was not a legitimate investment company, but rather, was a typical ponzi or pyramid scam. There was absolutely no evidence of any legitimate trading activity undertaken by Real Fund during the entire life of the operation. Virtually all the money that was withdrawn was moved through various exchangers or other accounts used and maintained by the operators. Once money was removed from Real Fund’s accounts, it never returned. There were no deposits that came from any source other than new and existing investors. In other words, there were no deposits that could have been construed to have originated as a result of successful investment activity or profits made on any legitimate transaction. Further, there was no evidence of any income whatsoever flowing into Real Fund other than in the form of deposits made by the investors. The so-called interest payments that Real Fund was making, therefore, came from YOUR money, not from any other source. Therefore, Real Fund was not an investment company; it was not a legitimate organization that traded in stocks, commodities or any other tangible item, but rather, it was a pyramid scheme using new investors’ deposits to pay old investors’ interest payments.
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