Sunday, November 25, 2012
AVO Explains Pending Cash Outs
We received a surprising update from AVO today, a former top program from our survey poll and perhaps had been one of the most successful programs during its paying period. Unfortunately, the said program is now facing multiple programs and one of which is the selective pay out and other serious cases of pending huge cash outs. This is a no wonder considering the fact that the program has been running for quite some time and with very huge deposits from its members.
The program has stopped sending out all the supposed cash out request as it normally did last two weeks ago. As explained on the newsletter, Liberty Reserve has set a limit to their account causing the said huge problem.
I have heard a lot of complaints recently from the said payment processor doing such activities, and if I am not mistaken, also from another payment processor doing such exact same thing to the previous BWWU program about SolidTrust Pay. This gives us a clear picture that we need to only take care of ourselves against the scam of the HYIP program admin, but sad to say also with the payment processors IF EVER THESE ALLEGATIONS ARE TRUE!
This time around, it is AVO's turn to ask help from its members to send emails to Liberty Reserve to remove the limit on their account so that the payments can be done to the members, or better yet that Liberty Reserve pays the investors their money back. I ABSOLUTELY do not have any objections to this, but what I really did not like is the fact that THEY SENT OUT THEIR EXPLANATION WAY TOO LONG!
Is it because they heard of the rumors, which I too am not sure if true or not, that there are people committing suicide for putting too much trust and money on their program!
I hate to say this but I think both parties could be at fault in here. In any case, I suggest to do what AVO asks you to do if you want to TRY TO RETRIEVE YOUR MONEY, and I will also do what I can to assist on my part for this process. But be warned that on usual cases, nothing happens from both their end.
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Here is the entire newsletter:
"Hello The HYIP Bulletin
AVO INC has been in business a long time and we pride ourselves in being a honest company that has always looked after their clients. AVO has a MAJOR problem and we NOW need your help to get it resolved. Last week without any notice LibertyReserve put a limit on our funds which has precluded us from paying any withdrawals to our clients.
Just so you know even though we have a Perfect Money account we do not keep funds in it and we deposit/transfer all our money from PM into our LR account every time. When we need to pay PM withdrawals we transfer money from LR to PM but all money is kept in LR.
What we need you to do is to contact LibertyReserve by all means possible emails, support tickets, chat etc requesting that they release the limits on AVO funds so we can pay withdrawal requests. If they do not release our funds then you need to request your initial investment back directly from LibertyReserve.
We apologize for all the stress this has caused many of you over the last week but rest assure it was not our doing. We have no idea why LibertyReserve has put a hold on our funds and we have tried everything in our power to get it resolved now we need your help. CONTACT LIBERTY RESERVE NOW AND DEMAND THAT THEY RELEASE THE LIMIT ON FUNDS FOR AVO.
You can check our LibertyReserve account in the main page of our website
We have published a post in our FaceBook page about this too. Please join our FaceBook page to get funds back from LibertyReserve.
Send your full deposit info to compliance @ libertyreserve.cr and their support page and mention that your funds are limited in U5699172
Share this information with all your AVO clients, friends and post in forums and blogs and let people know what LibertyReserve has done to you and AVO. We will start to process withdrawals when Liberty Reserve releases the limit on our account.
We will publish news when they unlimited our account."
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