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28 October 2009

Shift Money Scam and More News!

Posted by OIG | 28 October 2009 | Category: |

Shift Money site is gone! Once again my doubts came right about the possible collapse of a program. Well initially I had not expected that Shift Money would close their shop so soon. Also the blocking of the Alertpay and the Solidtrustpay account must have affected them badly as so much of the investors funds got blocked and ultimately hastened their closure.

Also for all those promises and the sudden closure just makes Shift Money another expensive looking cheap scam. Also those spam emails may have been a trick my the administration to collect more money before they vanish. Its a shame!

Another good looking program LMtMM which showed lot of promise for being unique and diffrent is also on the berge of closure. Many investors are waiting to get paid from this program. I certainly see some reg flags here!

AdsEarnWealth, which completed its first cycle today also seems to be in troubled waters with its Alertpay account being blocked. I would suggest that people wait and see if payments are completred for the first cycle investors and how the programs handles this Alertpay account blockage. Here is the news letter from the admin
"Dear AdsEarnWealth Investors,

We r very sorry to inform you all that our ALertpay account has been blocked by ALertpay team , All our funds are still there so you can ask ALERTPAY for refunds

Very Sorry for this issue"

Obviously there is no expalnation as to why the account was closed, which makes it more suspicious about the account being verified with fake documents. Well such Alertpay accounts have become common these days and as a result we see more and more programs facing blcoked accounts.

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