"Thank you for being with us. This week was not a good week for us and we have to say it was a very bad one. From the inception of Gain-Interest, we have faced many dishonest things in what you refer as "industry". This "industry" is full of craps (from programmers to dishonest monitors,....) and I don't know how and who can fix its problems, I think the investors are the only ones who can distinguish between lousy and real guys. I personally felt that "you have to be another person so can work in this situation". We encountered many problems but each time we said " that's OK, we will get it right, we can be successful and make profits for ourselves and others". Our LR account was hacked, we had to change the hosting provider,....and we did our best not to delay or breach of any of our promises.

Now the new story begins:
We have been reported by several members that our deposit function of the script is not working. We told this to our programmer and he said there is a bug in your script and will take time to rectify that as he has to scan all the script's files. We thought he is saying that just to get more money but it was confirmed by another 3 programmers. We said OK, we will install a new script and will get the database transferred. But they said your script is a crap and its tables are different. On the other hand we have received some emails saying some other problems in the script as well, like not being able to edit the account details,.... So due to these and many coming problems (we have received some threatening emails as well,...), because we cannot change our attitudes and cannot adapt to this so called "industry" we are announcing CLOSING of Gain-Interest. I am really sorry to be the bearer of bad news. We came here to stay for a very long time and make money for all of our members but we didn't know about these **** stuff.

These are the terms for closing:
1- ALL the INVESTORS will get back their money in the next 48-72 BUSINESS hours.
2- ALL monitoring services are canceled.
3- NO new member can signup.
4- NO new withdrawal nor pending will be processed.
5- NO email is answered concerning this matter. Except the investors can email us if they didn't get their money back in the proposed time frame.
Please be advised that is not a "run away" story as we came to stay but..... I wish we knew the condition of this business before starting it and hope you will be successful in this "industry".

Thank you for understanding our situation."

" Your program will be deleted from goldpoll site very soon. We are a voter team and have activity in monitor sites. If you don't credit $500 amount to U6072422 LR account within a period of 12 hours we will give bad and very bad votes about your program in goldpoll site every day till your program change to problem state and after that to not paying state. Meanwhile, if you pay the amount, we will give good votes about your program. Please inform us after that pay it till we make very good votes for your program every day."

"Yesterday a hacker from Germany (with IP: 85.25.148.198) has hacked our LibertyReserve account and gmail account. We believe this has NOT happened because of our weak security percautions but because the person was who knew everything about us. This caused and will cause a short delay in processing withdrawals as well because we have to fund our new account and it takes time. Please be patient and accept our sincere apologies for this. We will process them ASAP. We have processed all pending withdrawals until the minute we are sending this email.

Now we feel that we have to move our hosting to a better and more honest provider and who can guarantees our details' safety. Due to this, our website will not be available from 1-2PM GMT for the next 24-36 hours until the new DNS is propagated. Different regions around the world may access to it in different time frame. We are really sorry but it is out of our control."

"In these tough economic times, it is difficult enough trying to achieve above average returns on your investment capital without having to constantly guard your back against potential scam artists. However, if there has been a silver lining surrounding this recent recession, it has been the uncovering of unscrupulous fund managers and their cleverly designed tactics bent on deceit. As the financial tide receded, investors demanded withdrawals that could not be funded, thereby revealing the ongoing fraud. Bernie Madoff was but one swindler out of many that have been caught and convicted.

New Ponzi scheme revelations seem to occur weekly in the financial press. The common link between all of these frauds appears to be an early promise to investors of extremely high returns, typically with assurances of little risk or even guarantees. This genre of fraud falls under the classification of “High Yield Investment Programs”, (HYIP), which can encompass any fraudulent investment program that promises incredible returns, sometimes as high as 100% per year. Investors that want to get rich quickly or that cannot temper their greed are often the victims of these swindles. There are actually HYIP rating services on the Internet that attempt to educate unsuspecting investors as to the perils of these questionable firms that try to appear legitimate.

One investment medium that is often used by the criminal element is forex trading. Uninformed investors tend to believe the hype in the industry about high returns, especially when leverage is employed, and the complexity of this alternative investment vehicle creates a veil of secrecy that makes high returns seem that much more believable. The Commodity Futures Trading Commission, or CFTC, is the regulatory body with oversight responsibility for the forex industry. It has done much to police fraudulent fund managers within our borders, but foreign jurisdictions present a safe haven for operating online schemes of this type. In any event, its website specifically warns consumers to beware of any HYIP that promises much with little risk to consider.

One creative fund manager in Minnesota, Trevor Cook, raised over $190 million from 1,000 investors by promising double-digit returns from forex scalping with Islamic banks that would forego charging interest. Initial deposits paid for a downtown mansion that was equipped with numerous flat screen monitors with charting software to give the impression of a high-volume trading environment, which actually was never the case. The CFTC described the fraud as “massive” and admitted that it was one of the largest that focused on forex trading. Cook copped a plea agreement this past April after admitting to his crimes. Authorities have recovered something short of $30 million.

With the preponderance of fraudulent activity in these programs, investors are still drawn to these fund managers in hopes that double-digit returns are easily achievable by so-called experts in the industry. Most programs that attempt to be legitimate have complicated payment terms that deliver profits on some agreed upon timing basis. It is wise to understand these payment terms before opening any account and making a deposit.

Since the risk profile for these plans is high, only small portions of one’s portfolio should be dedicated to these fund mangers. Investing in these schemes borders on gambling, and funds invested should be limited to those amounts that one can afford to lose. Be sure to perform as much due diligence as necessary to satisfy your own requirements and take advantage of independent review websites before choosing your business partner. Remember that this person will be responsible for your hard-earned capital, even if you never meet him face-to-face. "

By Jennifer Gorton from Forex Traders.