Thursday, May 22

BitcoFinancial SCAM

Hello everyone,

Starting from yesterday BitcoFinancial is processing just STP payments and it is always very bad sign because admins does not love STP. When only STP investors is getting paid it is quite clear - program will scam soon and it is exactly what happened with BitcoFinancial.

Yesterday admin was trying to convince everyone that they have some technical difficulties, but I'm sure that you already understood on that moment that only difficulty for them was difficulty to pay. I have few pending payments from evening of yesterday, but I know that countless members is not getting paid even longer time and yes I can say that program is gone for sure.

Another lesson for HYIP investors - if only STP investors are getting paid it means absolutely nothing, admins can't exchange their funds from STP to other currencies, so sometimes they pay one or two more payments for STP investors. This does not mean that you should open STP account, absolutely not - fees are just ridiculous and it is payment processor what is beneficial just for admins and STP owners themselves. I must point out that only few HYIPs are accepting STP and it is clearly visible that only few (like 0.5 - 2%) percent of people use it.

I was quite clear that program will scam in these days and I wrote that in the review what was published 30 days ago. The biggest problem was compounded deposits for the first investment plan where admin needed to pay back payments what were more then 400% of initial investment. It is clear that it will not happen for such grade project and this just let this program down. Regular readers who read the review already withdrew money from the project days before this time and surely made good profit with this program.

Program was not really popular on DavidNews.com blog because of my critical review, but clearly admin did totally wrong shot with initial investment plans. He actually corrected them after my review, but harm was done and it was clear that program can live only until "principle back" point. Program was not bad indeed, but for now no more investments recommended over there.

David
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