Megalido - I am feeling they cheated me...What about you?

Bangladesh
November 15, 2008 12:54pm CST
Just got a message from megalido. And i am not happy about it at all. I feel they cheated me again. They sent me a huge mail with bad news. Here is a part of the message: [b]The big changes you were all expecting is about our plan, the 12%x12 days plan is now gone, I want you to understand that this is not being done because of a cashflow problem, we are doing this because the amounts of money we have been receiving are increasing a lot and a new plan is needed in order to maintain the exchange of money between the trading platforms and the payment processors. The new plan pays 4% and it lasts for 36 days, which means you will still receive 44% of profit but it will take 36 days, not 12. I have never disappointed you before and I'm not going to do it now, if I wanted, I could have ran with all your money but I didn't, I'm still here and we are together, fighting everything and everyone in order to become the best program this industry has ever seen.[/b] I can't believe i got cheated again. Now they will pay me after 36 days. I am really feeling bad about this. What about you?
3 people like this
20 responses
@rortiz86 (1697)
• Philippines
16 Nov 08
It's fine for me, I'm not worried because I didn't join them. lol I'm planning to invest something there, but since there are now some problems, I'll no longer. It's too risky. lol It looks like your competing with me again. Don't worry, you'll be scammed someday.
1 person likes this
• Bangladesh
16 Nov 08
It's been a while since i have not been scammed. I think they are starting it again.
1 person likes this
@rortiz86 (1697)
• Philippines
16 Nov 08
Welcome back again to the world of scams. lol
1 person likes this
@bigtom1 (1573)
16 Nov 08
"Don't worry, you'll be scammed someday" The guy started with lots of excuses in his newsletters, things like don't worry we will never scam you
15 Nov 08
I cant believe this news. I just got an email explaining this and I hope he still pays. I seem to have no luck with these type of programs. I always get paid once and then never again, it worries me as I reckon these sites are great earning opportunities if you join and invest at the right time.
• Bangladesh
15 Nov 08
You are lucky.lol At least you get your investment once back. I don't get for once.lol
15 Nov 08
I lost an investment on another site lolol! So I am still at a loss. At least we still have our little forum
• Bangladesh
15 Nov 08
LOL. Yes. Do you want to loose some more. There is another new site named dailypond. They are like megalido and only 10 days old. You may try that. The banner is in my profile. I want to try that but don't have money right now.lol
@minx267 (14650)
• Hartford, Connecticut
15 Nov 08
wow, I didn't read that message yet. I am not happy with this change but then again - I could really use that much percentage on my money period. I don't get that amount from the bank for a month. so I am happy that he did not take our money and run. But not so thrilled that it will take 3 times as long to receive the profit. I think I will put more investing into Daily Profit Pond -while they are new. and Do not have this Cash flow problem. Thank you for posting this it was quite eye opening.
• Bangladesh
15 Nov 08
Now if they run no one can recover their money. That michale is very clever. I had a feeling i am making a wrong move.lol
@minx267 (14650)
• Hartford, Connecticut
15 Nov 08
well he could have ran before and noone would have been able to get their money. When the site was down for the day 2 days ago - he could've taken off right? but he didn't he came back and now he is telling the truth. He can no longer offer the same profits because of so much money exchanging hands. I am grateful he did not run with my money before- and I hope he sticks around. I would still not mind getting 12% for a month- My bank only offers me 3%.
• Bangladesh
15 Nov 08
I hope he pay after 36 days. I did not believe him before and i am not going to believe him now unless he pays me.
@Sephrox (397)
• Brazil
16 Nov 08
This is why i didn't invest a second time on them: all HYIPs look and act the same way... If they pay in 36 days, they will be the very first real trustable HYIP ever. But i don't think that will happen.
• Bangladesh
16 Nov 08
Let's see what they become.
@Sephrox (397)
• Brazil
16 Nov 08
I'm rooting for you, Dark... But I almost feel, just like you said here in this very post, that he only implemented this new 144% in 36 days to avoid alertpay refund garantee and get out with the money... Hope i'm wrong, but...
• Japan
17 Nov 08
sephrox, i had pending 2 expired cashouts from them..the one i got yestrday and the one for tomorrow..i am crossing my fingers...
• India
16 Nov 08
I have been cheated by many money making sites, its better to research on these sites before joining them
@tombiz (2039)
• Philippines
16 Nov 08
Actually all Autosurf programs are all just pyramiding or game type of investment. Nobody in his right mind could ever give such kind of high returns if they are all involved with legitimate investment. All returns are just taken from the money of newer members who joined. Problems could occur when there is a shortage of cash coming from new members. That is when it could collapsed. The key therefore is to 1. joined at the very start of the program; 2. the admin must be trusted not to run even after two months.
• Bangladesh
16 Nov 08
I am new to autosurf. I invested there because i saw many people got paid. There are 2 other sites i have joined. They are on my profile. Can you tell me whether they should be trusted or not.
• Sri Lanka
16 Nov 08
First of all I did not know anything about megalido, so I went to the site and registered without giving my payment information. From my observations I can tell one sentence to all who invested in megalido. "You have been scammed. You won't get a red cent" First of all when joining a scheme, we have to ask ourselves whether is is possible. Has someone comeout with a answer to the unemployment problem in the world? Can governments stop worrying and provide all those graduates with computers and tell them to surf and invest. On the other hand if you just use a speadsheet and see how much one cent which doubles in one day will end up after two months you will be astonished. It will grow into 57,646,075,230,342,400 dollars. Is there enough money in the world to meet this. There were so many schemes like this and they actually paid the first few to join them. Then they run away with the rest of the money. Troybank, itrade4u are some of them which were run by the same person. Anyway for those who do this as a gamble, it is ok as they know to play the HYIP game. You join quickly, make a profit and withdraw. For the others, it is a sad story.
• Bangladesh
16 Nov 08
This is the first time i have invested in a autosurf site. I have a little knowledge on these things. I saw everyone is getting paid that's why i invested. Just hope everything turns fine.
@neededhope (1086)
• United States
15 Nov 08
Wow, I knew something had to happen because of how many people were getting envolved with Megalido. What they did is get ahold of you and than once they have enough members they make it more time so they don't have to payout as fast. Once they start getting close to the 36 days I bet ya more people will not be reinvesting. And they'll have to offer the 12 percent in 12 days again. I'm sorry that you feel cheated yet again....
• Bangladesh
15 Nov 08
I am thinking the other way. They will run with our money.
• United States
16 Nov 08
I really do hope for you that they won't run with your money. I honestly doubt it. Because if they did they sent you a e-mail stating that they won't run with your money and if they do you can turn them in the BBB or I"m sure there's an online one too in which you can turn them into.
@vidhyavini (6112)
• India
15 Nov 08
Inspite of all the warnings, you joined that site huh?? Crazy. Probably you were too late to join that site. I was sure that the site will scam one day but was not sure when thats gonna happen. I am bit unlucky in these. The time I decide to join, the site brings some new rules and stop paying. So I made up my mind not to join this site anytime. Sorry for you. Never go for any Autosurf programs or investment Programs. They will scam one day or the other. Happy mylotting.
@tombiz (2039)
• Philippines
16 Nov 08
I have a small investment in Megalido and I have not yet receive such a notice in my email. Now, honestly, this is quite surprising why the admin decided on this one. Why? Because that 12 by 12 plan is the reason why Megalido made it be the number 1 Autosurf. And by cutting that off, I don't think a lot of investor will invest more money. "I want you to understand that this is not being done because of a cashflow problem, we are doing this because the amounts of money we have been receiving are increasing a lot..." This reason could just be a smokescreen lie. Why? Because if you are receiving more money from investor then the more that you can pay. However, the opposite is happening here. Guys, we must be careful with Autosurf as December is approaching because this is the time when investors are withdrawing their money and won't reinvest much, thereby leaving a lot of Autosurf helpless with their cashflow.
• Bangladesh
16 Nov 08
I am new to these things. I made a mistake.lol I should not have invested there. Hope he pays after 36 days.
@sylvia13 (1851)
• Nelson Bay, Australia
16 Nov 08
I was so taken in by them that I even prepared a blog about them, with pictures and all! Stupid me! Now they have changed the rules of the game and instead of paying 12%, now it will go down to 4% and instead of 12 days, it suddenly becomes 36! Yes, I also feel cheated and I am glad I did not invest more!
• Bangladesh
16 Nov 08
You did a good job by not investing there anymore.
@julyteen (13259)
• Davao, Philippines
16 Nov 08
i think this is an alarming time for us to decide whether to go or not. Based on my previous comments on your last post still i admire Michael because his strategy. We don not know how their cashflow runs but i think they still have huge amount of money on hand. Maybe he is right on making another plan but he must be sure to pay all of it's members. For me, 36 days still good plan as long as i am paid 48 hours after the maturity. My pending payoff of $170 was returned to my investment again. that funds is a part of my profit from megalido. No loss for me if megalido turn to scam. I am hoping Michael will pay me $244 on the 36 days. if not, i will donate that amount to him for his future obituary. LOL. Just kidding. Until now i still trust Michael but not 100% anymore. Maybe 60/40. 60 trust and 40 not. hehehe
• Bangladesh
16 Nov 08
Hope he pays. He already put me behind my planning. And if he does not pay me then i will be more behind on earning.lol I invested there by seeing other people getting paid. I never trusted that michale.
@hotsummer (10449)
• Philippines
16 Nov 08
i had not invested yet. but i was planning to. but with all the negative things that is happening now on this site, which i thought was the best autosurf site there is online, i changed y mind to invest on this one. luckily i didn't get scam again. cause before i lost about $20 on autosurf. i should have listen to my friend that it is not really worth it or it is really risky to invest on autosurf. $20 was such a big amount for me. i could have used that in other things that will profit me.
• Bangladesh
16 Nov 08
You are lucky that you have not invested. Otherwise you could be in problem. I invested $18 there & it was also my hard earned money. I guess i am unlucky.
@dhangski (3194)
• Philippines
16 Nov 08
I am a member of Megalido and I did received the same email. It really is very annoying and very disappointing upon reading the email. I have been active on that site since I became a member and got payed instantly and now it will take that long for members to have their payoffs. I don't think I will be active again on that site. HUGZ!!!
• Bangladesh
16 Nov 08
I will try to get my money back at first then leave the site.
@katkat (2379)
• Philippines
16 Nov 08
It's really a bad news that they change their plan. It only means something is wrong in the site that they have to make some new changes. I am not a member of megalido though I hope for the better of the site and pray that it is a reliable one. It's really annoying when sites suddenly done something new without consulting it's members.
• Bangladesh
16 Nov 08
Yes. They don't think about their members and make them suffer.
@ik4man (628)
• Malaysia
16 Nov 08
My 2nd investment at Megalido going to expire today and despite of all the thing you all said about it ...i'm still hoping to receive my payment by tomorrow as before. But if that site really don't pay me by tomorrow...i wonder whether i can ask refund from Alertpay? 36 days! that's a long day for me!
• Bangladesh
16 Nov 08
If they don't pay you by tomorrow & extends your dates then you can mail alertpay & tell them that they have changed their plan & you are not satisfied with the change. And you have not invested for this plan. And ask if they can help you. And PM me if you get any kind of help from alertpay.
@stiener (735)
• Singapore
16 Nov 08
This is really a disappointing piece of information.I had plans to join Megalido as well but I think I better seek other alternatives at this point. I understand that every company needs to ensure that they have enough cash flow for daily operations but they have stretch it by 3 times now. It appears rather risky. Maybe they had not been receiving enough upgrades to pay for the daily payouts. There may be other reasons though...all the best ya and do keep us updated...Happy MyLotting...
• Bangladesh
16 Nov 08
It's good that you have not joined them. I just hope that they pay after 36 days. If you are looking for alternatives then i have another one in my profile. I will invest there when i have money. You can have a look.
@yuna15 (2707)
• Philippines
16 Nov 08
I received that message too and I'm feeling nervous now. That's why I bought just one unit from them. One thing I noticed as well is the expiry date of my investment date keeps on changing. But this will be the last time. I will not invest in that program anymore.
• Bangladesh
16 Nov 08
I will also not invest there. Now i am thinking to invest in daily profit pond. They are looking promising.
@mariposaman (2967)
• Canada
16 Nov 08
I believe these types of high interest return schemes are all Ponzi schemes. They pay off the early joiners with money from the later joiners and someone at the end gets holding the bag. I hope you did not invest the rent money.
• Bangladesh
16 Nov 08
It was my hard earned money.
@bigtom1 (1573)
15 Nov 08
He had two options option a Run away sooner with the little money he was left with with all the exchanges! option b Let all the money flow with him and he stays with it not for a month but 36 days and God knows what he is thinking of what to do with it. Even if he was good with trading platiforms, there is no way he would embark on an Autosurf to make it one of the best programs. He is in it for the money and its only time that will actually tell that its the real deal (oops! real scam) Well, just hope he is still around for the 36 days!
• Bangladesh
16 Nov 08
I just hope he does not run away. But he safe guarded himself with 36 day plan. We can't do anything about it now.
1 person likes this
• New Zealand
15 Nov 08
First of all, you all should understand one thing. If, he takes 36 days to pay, but not actually pay, then we are NOT qualified for an Alertpay chargeback if he run away with the money.
• Bangladesh
15 Nov 08
Now i am worried about this thing. I won't be able to ask for refund to alertpay if he does not pay.