A STORY OF UNICORNINV

Updated: 08/18/2011 12:20
Reprints/Permissions  Hyip Monitor
Quite an expected email was sent out by the administration of UnicornInv (unicorninv.com) program. It is informed that the program is closed. Why am I...

Quite an expected email was sent out by the administration of UnicornInv (unicorninv.com) program. It is informed that the program is closed. Why am I saying it was expected? The thing is that Unicorninv stopped processing payouts to LibertyReserve after the weekend and payments for Monday August 15 were not processed. That day the administration sent out a newsletter explaining that it was not their fault but some technical issues with LR. We published an article “UnicornInv LR Delays”.

At that time the program was operating for 260 days. As you know, UnicornInv paid 1% on every business day and 6% weekly without expiry. You could stay with a program for as long as you wished but there was a rule that you had a right to withdraw your principal not earlier than after 180 business (!) days. If we do some simple calculations, we will see that 260 calendar days is around 184 business days. This means that from now on all investors would start requesting their principals back. Therefore UnicornInv simply collected money and left.

The reasons are clear. However, this is how it works in HYIP industry and there is nothing to regret about. UnicornInv turned out to be a good program which helped many investors who joined it in the beginning make good profits. Of course, it’s too bad that they did not return initial deposits but the good thing is that the website of the program is gone, so even those investors who don’t keep track of events and do not know about the situation with UnicornInv, won’t be able to make a deposit and therefore won’t lose their money.


About the author

Charles Morris works as the Chief Editor of HYIPNews for 5 years. Before 2010 has been working as a freelance copywriter writing for online newspapers, blogs, magazines and online portals in the sphere of investment. Since 2010 has been accepted to the team of HYIPNews as a copywriter. Used to write exclusive materials for HYIPNews. Have shown great skills in managing day-to-day publications and since April 2011 has been appointed for the position of HYIPNews Chief Editor. Among the current duties the main ones is to oversee all of the authors' publication and ensure that each issue is released on time and in a professional manner. Apart from the position of Chief Editor, Charles Morris also takes the post of the Support Manager of HYIPNews.
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