www.e-Generation.biz

Posted: Mon Apr 09, 2007 6:49 pm

E-Generation is another one that has been quietly paying for almost 9 months now. They offer no proof of income, so it could be a very well organized ponzi - DD is issued to those with 20K or more in deposits.

Quote:

EGeneration , a private investment club found in June, 2004 by an experienced and professional management group, provides investment products and service all over the world. After years of successful partnership with some investment clubs and working offline with private investors we finally decided to launch our private online investment platform on September, 2006. As a specialty manager, we've adopted a comprehensive approach that delivers tailored investment programs aimed carrying out all direct investment operations for its own benefit and the benefit of its clients.

Our professional team, located in offices worldwide, will assist individual investors in making profit around the world. it's under the leadership of Mr. Alvin Barkley, in his capacity as manager director. He is closely working with a group of professional and competent members who have excellent practical knowledge of portfolio management, business studies and analysis, innovative options and operation.

EGeneration has various established relationships with reputable private investment clubs. We understand every aspect of market needs and strive to create and manage wealth in several ways to provide peace of mind for its clients.

At EGeneration, we are focused on one constant goal - create value: value for our clients, our partner and ourselves, more than just execution of trades, we are committed to develop and are continually working to ensure a seamless customer experience.

We are proud to provide premium service and lucrative investment program to investors all over the world and we hope to continue to exceed our customers' expectations.

They offer 5% referrals, so you can sign up HERE.

Levaz

Posted: Mon Apr 09, 2007 6:57 pm

The offer 5%, 15% and 25% every 5th, 15th and 30th day. Capital, when withdrawn, is paid back after a 5 day hold period.

We have been playing with decent amounts for some time, and have not had reason to complain at all. That should not mean a thing!!

THIS IS TO BE TREATED AS HIGH RISK since the total returns monthly are 45%. High returns = High Risk.

Suggested strategy, place no more than USD 500. Withdraw the first interest payment, reinvest the 2nd and third payments, and withdraw your capital.

In 35 days, you will have earned a 5% return on you capital. Meanwhile you will have $ 75 (2nd payment) and $ 125 (third payment) earning for you. You can either accumulate the interest from those and build your capital at no more monetary risk to you or simply withdraw.

Good luck.

Levaz

Apprentice Joined: 16 Oct 2006 Posts: 128 Location: NEVADA

E-generation has worked very well for me. After 3 months I am nicely into profit and re-investing from profit only. Their site claims to have recived more than $5 million. They remind me a lot of Venti3, which had a good run, but proved to just be a ponzi in the end with another lame ending. Levaz, does it mean anything at all when a site throws up a name they claim is some sort of respected financial leader - in this case Alvin Barkley - and the anonymous "team of financial experts"? That said, I have been very satisfied with the reliability to this point, just as I was with Venti3 until the day they collapsed. And Venti3 paid me 80% monthly on my deposits for more than 6 months. Isn't it true that ponzis, just like any pyramid scheme, produces more losers than winners?

Posted: Mon Apr 09, 2007 11:34 pm

gpmkc wrote:

E-generation has worked very well for me. After 3 months I am nicely into profit and re-investing from profit only. Their site claims to have recived more than $5 million. They remind me a lot of Venti3, which had a good run, but proved to just be a ponzi in the end with another lame ending. Levaz, does it mean anything at all when a site throws up a name they claim is some sort of respected financial leader - in this case Alvin Barkley - and the anonymous "team of financial experts"? That said, I have been very satisfied with the reliability to this point, just as I was with Venti3 until the day they collapsed. And Venti3 paid me 80% monthly on my deposits for more than 6 months. Isn't it true that ponzis, just like any pyramid scheme, produces more losers than winners?

If they do turn out to be a ponzi (most likely than not), yes, the people that join a the end will get the sort end of the stick.

My strategy exposes oneself for only one cycle. After which it is "their" money anyways.

About their statistics, it is extremely misleading, and you can get a clue to this from your back office. The 5 million includes reinvestments, compounded earnings and paid out capital - so be very careful if you are relying on those numbers.

Levaz

Apprentice Joined: 01 Nov 2006 Posts: 129

I have been with them since january. I am not compounding currrently. payments have been prompt so far.

Posted: Sun Apr 15, 2007 5:38 am

For the first time, I am unable to access the site!!

This is looking like a ghost already. Get what ever you can out as soon as you can, if they come back.

Levaz

EDIT
OK, False alarm, they are back this morning. Bells are ringing though!!

Here is an update from the Admin.

Quote:

Dear EGeneration members,

We greatly apologize for any difficulties that you were encountering with our website over the last couple of hours.

We received an emergent notice from our Datacenter, at 10:00PM, the Datacenter lost power to all racks in SR02 and 5 racks in SR01, and one rack in SR03. This was due to a power transfer from generator to utility due to inclement weather in the DFW area. During the transfer, a 2500amp breaker failed placing all power on UPS backup power. After roughly 30 minutes on battery backup, power to the specified datacenters began to go. After roughly 30 minutes on battery backup, power to the specified datacenters began to go offline. Electricians are onsite replacing the 2500amp main breaker with a cold swap spare kept onsite. ETA has been set to a maximum of 2 hours.

I am glad to let you know our website is back to normal now. We thank you all for being so patient during the stressful times, and apologize again for the inconvenience caused by our downtime. If you have any questions or suggestions about this or any other matter, please feel free to contact us at any time.

With best regards,

Posted: Sat Apr 21, 2007 2:38 pm

Those bells are getting louder now!!

There have been delays in payments for the first time since I have known this program. 24 hours have elapsed and I am waiting for a couple of small interest payments.

Also, there have been no posts by the forum admin since April 18th - although that is not unusual as he normally only replies to queries as and when they come up.

DO NOT INVEST UNTIL FURTHER NOTICE.

Levaz

EDIT: received my overdue payments, albeit a little over the 24 hour mark.
If any of you are considering this, be VERY CAREFUL.

Apprentice Joined: 01 Nov 2006 Posts: 129

I requested a payment yesterday and got paid in less than 24 hours.. I have withdrawn 80 % of my principal..

Posted: Sun Apr 22, 2007 4:40 pm

rock945 wrote:

I requested a payment yesterday and got paid in less than 24 hours.. I have withdrawn 80 % of my principal..

Dennis reported that they had some problem accessing the e-gold account and that caused delays in the payments. E-gold can be very unreliable at times - it is very frustrating.

Fortunately, I am working strictly on profits for the last couple of months.

Levaz

Apprentice Joined: 16 Oct 2006 Posts: 128 Location: NEVADA

I am still in profit with e-generation, but my last 2 profit withdrawls took nearly a full 24 hours to complete-and for amounts less than $50. I am withdrawing most of my deposits as they mature. Of course, each one takes 5 days to reach me after maturity. I definitely want to minimize my exposure at this time. E-generation has been well-run, but I feel it is still a ponzi and isn't ponzi just another name for financial musical chairs? Eventually, the music stops...

Posted: Tue Apr 24, 2007 1:53 pm

gpmkc wrote:

I am still in profit with e-generation, but my last 2 profit withdrawls took nearly a full 24 hours to complete-and for amounts less than $50. I am withdrawing most of my deposits as they mature. Of course, each one takes 5 days to reach me after maturity. I definitely want to minimize my exposure at this time. E-generation has been well-run, but I feel it is still a ponzi and isn't ponzi just another name for financial musical chairs? Eventually, the music stops...

... or ALL the chairs disappear!! Sad

Levaz

Posted: Tue May 01, 2007 3:29 pm

Good news from the E-gen team

Quote:

Dear EGeneration members,

As many of you have probably noticed, E-gold Ltd has been indicted by the US department of Justice on charges of Money Laundering and Illegal Money Transmitting. What's more important, we had problem exchanging e-gold these days, our partner who exchanges e-gold for us all the time suddenly notify us that they don't provide e-gold exchange service any more. To protect our members and our business, we make a decision to switch main payment process to E-Bullion, please visit http://www.e-bullion.com/ for the detail information, in the mean time, we'll upgrade our system to E-Bullion based platform, it's supposed to be completed in 5 days. All withdrawals will be processed via E-Bullion (or e-gold) as soon as we complete the upgrade. Members who deposit through bank wire will not be effected and will receive payment as usual. I would like to let you know that your interest and principal will not be effected during the upgrading time. We greatly apologize for any difficulties that you may be currently encountering with EGeneration online program, and appreciate your patience and understanding.

We'll publish further announcement regarding this issue on our website, so please keep checking our website this week.

with best regards,
EGeneration team

This is very good news.

Levaz

Posted: Tue May 01, 2007 6:50 pm

Just a note of warning, to keep things in perspective.

OSC, a similar operation in many ways, did the same thing roughly 4 months before they took off!!

Therefore, the lesson is get your principal out within the next month and play only with some of the profits. If they stick around, you can compound and rebuild your capital. If they do not, a stitch in time, ...

Levaz

Apprentice Joined: 16 Oct 2006 Posts: 128 Location: NEVADA

The EGeneration site has been down for about a week now, getting well past the 5 days promised to retool for e-bullion. Is it merely slow? Or is it going, going, gone? I was much bothered when the site went offline with no communication from admin. I want it to return, it has been a good program for some time. Alas, wishing does not make it so! I have checked HYIP forums and found nothing encouraging. Has anyone heard anything new regarding the return of EGeneration?

Posted: Thu May 10, 2007 6:05 pm

Looks like they have gone. If they return, it will be bigger than the Easter miracle!!

The folder will be moved to the appropriate location this weekend.

Levaz

Posted: Thu May 10, 2007 7:02 pm

I've also tried to make a withdraw from e-gen a couple weeks ago but to no avail Crying or Very sad

. Does seem like they are gone...

HH