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News Commentary #196 — News about PayPal Deposits/Withdrawals from SimbWealth.

SimbWealth Clarifies How to Use PayPal with Their Program.

It looks like some investors have misunderstood the procedures that SimbWealth (reviewed here) would like you to use for depositing and withdrawing funds by means of PayPal. Following is a notice that we just received from SimbWealth explaining the proper way to do things. Sounds simple enough…

Regarding to PayPal payment option, we would like to clarify some grey clouds. Some investors are choosing deposit option via PayPal. This is ok with us. You can choose whatever you want to use during the process. However, before make investment with us, you must know the security issues on PayPal. As a company, we offer good investment opportunity here. Not some black dirty business. Whenever you decided to use PayPal during deposit and cashout options, same address and same account must be used. It means if the money comes from james blue, money must go back to james blue again. No any other accounts. You cannot deposit 10$ from 10 different account and make 100$ cashout the different account. This is against to our agreement with PayPal. So, please be careful before make investment via PayPal.

 

Some good things?

It’s our policy at Emily News to never tell our readers to invest or not to invest in this or that program. I will stick with this. BUT, I would like to share with you a few good things about SimbWealth program…

  • It is now the longest-lived program on Emily News. This is good proof of the program’s survivability. How much longer will it survive? Good question…
  • The interest rates offered by SimbWealth are very low (please see the review for more information). You can say that this makes the program very unprofitable. Compared to other HYIPs, this might be correct. But, SimbWealth is still with us.
  • Simbwealth continues to grow — very slowly. The company shows what I believe are the true statistics of their growth on the home page of the website. Compared to some other HYIPs, they might not be impressive. But, again, SimbWealth keep on chugging along.
  • We have communicated with the Admin of SimbWealth more than any other HYIP admin. My impression based on these communications is that he is firmly committed to making the program a very long-term survivor. Of course, all program admins say that. Why should we believe this one? Nobody can tell you for sure. That’s all I can say…

All this said, I MUST make the following disclaimer. You MUST do your own due diligence before investing in this or any other HYIP. As you well know, ANYTHING can happen! Programs that we swear by can disappear overnight and, on the other hand, programs that we feel are a complete joke can wind up being long-term survivors. Good Luck!

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