MutualWealth halted by SEC? RSS - comments

According to its official website, the Securities and Exchange Commission filed an official complaint in the US District Court for the Central District of California to stop "a fraudulent pyramid scheme by phony companies masquerading as a legitimate international investment firm", namely Mutual Wealth.

What one may read in the complaint is rather succinct and to the point, since the claim is that "almost nothing that Mutual Wealth represents to investors is true".

One of the arguments is that Mutual Wealth does not actually purchase or sell any securities on behalf of investors, as it is supposed to do, but just "diverts investor money to offshore bank accounts held by shell companies". What is more, there is no seat of the company in Hong Kong or New York. To add to this, the list of executives on is completely fabricated and it is not "duly registered with the SEC", as MW claims "in e-mails to investors". SEC also mentions the fact that MW "operates through entities in Panama and the UK and uses offshore accounts in Cyprus and Latvia [...] to divert money from investors". What may be even more damaging to MW's image is the fact that, according to SEC, the company's "sole director and shareholder presented forged and stolen passports and a bogus address to foreign government authorities and payment processors".

Consequently, as of March 5, 2014 MW's assets has been frozen and the website should go offline. However, at the moment the page seems to be working fine and Mutual Wealth assures that the company is "aware of this issue and it is not as bad as the press makes it look". Moreover, MW claims that they are in fact working on some sort of resolution with the Securities and Exchange Commission. To add to this, according to Mutual Wealth, "[t]he issue at hand is a disagreement between us and the commission as to the status of advisors in the United States [and our] legal team will be in Court this week".

Newsletter: InvestFond new listing, short review of our top programs RSS - comments

Hola mis amigos!

Oh my, have we been busy! It's like Santa's workshop over here, amigos. No candy cane or lame toys, though, we are in the facts domain, after all. February somehow seems to be the perfect month to compare, contrast and evaluate the results. Although "evaluate" may be too strong a word, so let's go with "review", OK?

We have added one new program this week and we will discuss it shortly, but we also wanted to take a closer look at our "staples", programs that have been listed on the longest. Our Top Old 3, if you will. Shall we?



According to the website, InvestFond deals with Forex and is fully licensed by European Securities and Exchange Commission (license no. 208/13, registration no. 291974). Unfortunately, not much more is there to find out about the company's background – a whois search leaves you with nothing and they do not enclose any information on their website, which is rather well-organized despite the very modest "About Us" section. What we do know is that the creators are probably Austrian, because the site is available in English and German and 50% of the testimonials section is in German (yes, it means one of two testimonials) and the address given is Guglgasse 11/11 Vienna, Austria. We also know that the site is secured with EssentialSSL certificate valid until January 2019. Also, we do know how to deposit money, withdraw money, etc. thanks to the "Help" and "Funds overview" section on You need at least $50, withdrawals take maximum 24 hours, they accept Gold, Perfect Money, EgoPay, BitCoin and OKPAY. When it comes to the plans, they offer from 3% to 19% weekly (average rate – you can see the "average weekly profitable rates" on the main site)) for 40-120 days. The profits are calculated on weekdays. There are 6 plans altogether and you can use the handy Investment Calculator to check them out ( There is no affiliate section to be found but – as one may gather from the "Help" part – they offer "a flexible affiliate program to our customers [...] [who get] a 5% commission from any referral that deposits to their account". The principal stays with IF, and if you go before your time, so to speak, you shall pay "40% prematurity withdrawal closure penalty". Contacting IF is not sophisticated in any way: use the contact form online, call them in Austria (+43 136 49 403), use Facebook or Twitter.



I do not know if you know this, amigos, but out list is truly structured. You might have thought that we are just having fun and playing with the numbers, but it's science, guys. Or math, at the very least. The programs earn their position on our list in the following ways: they get points for going through the verifying process, for the so-called "deposit volume", the time they have been monitored, their ROI and our rating points. Also, you get some "base points" and you can also "order" points. As far as our rating points go, they are also awarded for very specific actions/services: payout speed, support quality, design, script, security and transparency. A program can get 10 points maximum in each of these categories. Now that you know the math behind the system, let's take a look at the programs that have been with us the longest.

Newsletter: MutualWealth, Make-Million, OilOfAsia new adds, EpicRoyal is a scam? RSS - comments

Mutual WealthHola mis amigos!

Have you ever noticed that January is the busiest month ever? It’s as if everybody is trying to prove to oneself that this year will be different.

Naturally, that’s never the case, we stay who we are, but let’s not get depressive. Anyway, as I was saying, January is busy and there seems to be an ocean of new players coming out to have some fun in the online world. Don’t believe me? Here we go!



Although the youngest on money-monitor’s list, out of the three programs it is Mutual Wealth that’s the oldest with the domain registered in 2008 (according to, the domain expires by 2014-11-05). However, according to their “About Us” section “MWF Financial Limited was founded in 2009”.

Registered in Cyprus (Strovolos Center, 2nd Floor, Office 204, 2042, Nicosia) with its “corporate headquarters” in Hong Kong and a “secondary office in New York”, Mutual Wealth is one of those rare companies that try to be transparent – you can find its “corporate structure” online ( The website is well-developed, secured (Comodo SSL Certificate) and filled with reading materials, so if you are one of those who always want to know more, feel free to check it out. For those readers who enjoy the “give me the gist of it” kind of texts, here’s what you need to know about Mutual Wealth:

investments start at $100 (it’s possible to withdraw the principal), you can earn 1%-5% per week, there are three major option to choose from (Easy Saver, Active Trader and Growth and Income), the investment periods vary between one month and two years, and the compounding is available (you can reinvest 25%, 50%, 75% or 100%). Withdrawals are almost instant since the whole system is automatic. Upon setting up an account, you need to give MW some pretty detailed information that has to be correct since they are “required to have accurate personal details of account holders on file”. Another important things is that MW accepts Liberty Reserve and bank wires only.

Next in line, when it comes to age, is Make-Million with a domain created in August 2008 (and which expires this year, in August) and a recently bought Rapid SSL certificate provided by GeoTrust, Inc.


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