The HYIP Bulletin has added a new program in
My Own List today.
Frmoeg, the latest program created by
Jacob has now been finally released. For those who do not have any idea who this admin is,
Jacob was the previous owner of the program
IntraFunds which was forced to close shops after 2 weeks time due to some "difficulties." Nevertheless, do take note that he is the first Admin to explicitly admit that he is running a ponzi scheme and also the first I know that sent out
refunds after the program's closure. I am not sure as to why he has done this, which some are even speculating that he might just be leading investors into the new program which will not last long again, but a refund is a refund and it is up to you guys if you are going to join the said new program or not. Also do take note that he has mentioned in this news program that this will be his last and if things do not go out well once again, he still is going to issue refunds.
Frmoeg is an abbreviation for Fei-Ranis Model Of Economic Growth, which is a dualism model in developmental economics or welfare economics developed by John C.H Fei and Gustav Ranis. According to this theory, the primitive sector consists of the existing agricultural sector in the economy, and the modern sector is the rapidly emerging but small industrial sector. I find this significant to be relayed because even I am amused as to how Jacob connects his program to the said dual sectors. If we are going to analyze this move, I would say that Jacob has done his research more than we do. Nevertheless, for the more experienced HYIP players, they do not really mind this that much.
As for the investment plans, the program offers two -
daily and
weekly. Both plans have the same minimum deposit which is
$20 and maximum of
$14,999.99. The daily plan pays
5% per day for 30 calendar days with principal included while the weekly plan pays
20% weekly for 6 weeks. If we are going to compute for the ROI, the daily plan gives you a total of
50% profit after 30 days, while the weekly plan gives you
120% after 42 days. This does not make sense at all because even if compounding is available in the weekly plan, it still gives a much lower profit in the end. Thus, I would have to recommend you guys to stick to the first investment plan. If you are still confused, you are very much free to use the calculator available on the site to plan for your investments.
Frmoeg accept deposits from
LibertyReserve,
PerfectMoney,
SolidTrustPay and
EgoPay. For cash-outs, you will need to log in to your account and request your payouts which you will receive within the next
24 hours with a minimum of $0.01. Requests can be done every day except during Sundays. He might be honoring his religion which could connect to having a day off on Sunday or just simply a regular rest day for him.
Frmoeg also offers a referral program of
4% commission for every deposit from the payment processors of your direct referrals.
On the technical side,
Frmoeg runs off with a licensed
Probiz Script which is a notch higher than other scripts' rating and the site is fully SSL-encrypted by
GlobalSign. The program is hosted by
CloudFlare which might be a bit too much on average for the industry but is backed up by the dedicated server of
RackSpace Cloud. The cost is a little higher than the rest, but with that comes a lot more dependable up-time and a better bandwidth. You get what you paid for, and, from my studies, Rackspace is as competitively priced as the other top players in this space.
The wordings of the program is pretty much personalized and when I say personalized I mean it literary. There is not much to read other than Jacob telling you about his program, what he is running, and how he is getting the funds to pay you. You can say that it is very upfront and transparent to the investors. It will then depend on the investors if they like the approach to invest in a ponzi program or not. For support or questions you can reach Jacob either via the live chat box or via a support ticket if he is offline.
Lastly, before I am going to end this review, I once again want to remind you that we are in the HYIP industry and there is no definite results as to what and which programs are going to last, I strongly advise to always take the necessary precaution and exercise due diligence. Consider investing in
Frmoeg as part of your wide and diverse portfolio. Lastly, invest in the amount that you are always ready to lose.
