Hi friends, welcome back again. For the second update for today, unfortunately there are some developments that will worry the HYIP investors who have invested at NewGNi.
Well it seems, the problems of LibertyReserve accounts being blocked for no proper reason still continues. After several of LibertyReserve account holders including my LibertyReserve account being blocked for no apparent reasons. [And I am still , waiting for an reply from LibertyReserve on when will my LibertyReserve account will be delimited]
Now it seems, it’s the turn of the popular money making programs. The first Program to be affected by this scamming intentions of LibertyReserve was MyTrafficValue. Well this time, it’s the turn of NewGNi, a very popular High Yield Investment Program.
A ‘Limited Account’ at LibertyReserve basically implies that one can receive money to that LibertyReserve account, but cannot withdraw nor transfer a single penny.
This has prompted, Jurgen the administrator of NewGNi to finally remove LibertyReserve as one of the accepted payment processors at NewGNi. As mentioned in the NewGNi newsletter, those members who had initially deposited by LibertyReserve can exchange their daily earnings to SolidTrustPay using the in-house currency exchanger at NewGNi.
Well, this latest issues surrounding NewGNi, has certainly left many HYIP investors quite anxious regarding the present cash flow status of NewGNi. Well, till yesterday, my withdrawal requests via SolidTrustPay were processed within the normal time frame. Now, only time can determine, whether the problem is solely concerning the scamming intentions of LibertyReserve [ Which is certainly a very shady e-currency] or there is any cash flow related issue with NewGNi.
NewGNi Newsletter :
Dear clients, friends and fans
Sorry for the downtime yesterday and the related delay in processing your withdrawals. BlockDos once again was on top of the issue and a few hours later newGNi was up again. According to BlockDos, there was a problem at ‘our server’s back-end’. Since I am not a IT professional, I can’t give you further explanation – but since the downtime was reasonable by all means, I guess it’s nothing we have to worry about.
Anyway, today – or to be more precise just a few minutes back we noticed that our LibertyReserve account was, what they call limited. We are not able to make any transfers from it at all, but incoming transfers are possible.
I thought there must be something wrong at their side, since we have received a few deposits during the day, so I rushed to contact their support department. Unfortunately they were not available, so I searched some forums on this particular topic: Limited account.
What I found out was very disturbing!
It seems that if LibertyReserve is ‘limiting’ accounts – for what ever reason, they are able to receive – but not to process payments, which is a deception first at all, to lure more participants into paying to a limited LibertyReserve account, while their merchants are not able to use the funds at all. Needless to say that we were not informed about any limitation.
I also noticed that there is almost no chance of getting such limited accounts and the funds within those accounts back to work!
For newGNi it is now the second time, that we’ve encountered serious problems with LibertyReserve within only two months. And this time, we decided, it will be the last time.
As from today newGNi will not allow LibertyReserve deposits and/or withdrawals at all – and please be assured that this will be now a definite decision.
For the moment we can offer members with active LibertyReserve deposits to withdraw to SolidTrust Pay, without any fees applied. Why SolidTrust Pay? Because it’s currently the only processor that can be easily funded. It shouldn’t be a problem for the majority of our LibertyReserve depositors at all to switch to SolidTrust Pay, since we have noticed that about 80% have listed a SolidTrust Pay account in their account profile.
We might include the other processors in the future as well.
Sorry for delivering you such bad news, but unfortunately things are sometimes out of our control and we need to make decisions that are in the interest of the majority of newGNi members, while knowing that others might be disappointed by our decisions.
With best regards,
New HYIPs Joined :
AWTC.Biz [Monitor Link]- 4% – 4.5% for 35 Business days. – Accepted E-currencies – LibertyReserve, PerfectMoney,SolidTrustPay.
GainBank [Monitor Link]- 130% After 1 Day, 200% After 3 Days, 275% After 5 Days, 370% After 7 Days, 700% After 15 Days, 1500% After 30 Days . – Accepted E-currencies – LibertyReserve, PerfectMoney.
MLM Type Programs
I Can Invest has been demoted to Problem status, based on the complain of pending payout made by fellow investor Collins. Beware, please do not invest.
Please Read : HYIP Analysis Articles , Check Status with Program List page .