Sunday, December 10, 2006

November 2006 Reviewed

November was another difficult month in HYIPland. We had the usual fly-by-nite scams that did not last a month but some longer term programs also exited the net. Among the older HYIPs not paying were KA Online, Golden Crusade, and Global-Car. NSFX and FXIG are still stalling and PSHI has suspended payments until January as part of their reorganization. This is not good news for the venerable Feeder Fund or Sensa Trust Pool. PIU announced that no trading or withdrawal will happen from mid December to mid January.

We had a rarity in HYIPland with the return of Investment Manager with missed payments paid up.

There were a number of programs crossing the 100 day threshold including Gold Bizz, Premier Fund, ProInvestment, and Certain Investment. Oil Trade Center, and Profit House joined the rarefied club of over 200 days with a few knocking on the door. Who will survive "Black December" as it has become known in HYIPland? December is not the month for new spends in HYIP programs.

Richard of JP-Daily has admitted to running a few failed programs. He is making repayments to members of his last program. Withdrawals are being paid promptly at JP-Daily. His poker skills are still showing a good return. Joy Fund had a decent return in November. Voltaire of U-PIE did have a face to face meeting with some investors. U-PIE is definitely worth considering after the first of the year.

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