This review has taken me more time to write than any review I’ve done on any program to date. At the request of several readers, I am writing today’s review on AMF Limited. AMF Limited, or Asian Mutual Funds Brokerage Limited as it originally started, is a program that has been running since approximately January 29th, 2007.

This review is very lengthy due to the amount of information it contains, but I feel it is at this time, the most complete overview of AMF Limited that is available online. AMF Limited claims to be a fully licensed and registered business, something that many HYIP programs claim, and something that I typically ignore. It is, however, impossible to ignore the claims if I intend to do a full review on AMF Limited. I cannot ignore the claims because virtually everything documented about AMF Limited is about their claim to being a real company. I will not verify this as truth, nor dismiss the claims, but I will provide sources for all of my information in this review. All quotes are taken directly from Dr. “Tish” Ritish Dorai, the admin of AMF Limited. I have quoted him many times throughout this review to support points I have made or to show the source of information.

In some shape or form AMF Limited has been running for about four (4) years. However, it is important to know that the program was not paying for the entire four years online. To understand AMF Limited a bit of a history lesson is required.

 
We need to step back in time a bit to a point when AMF first started in 2007. A new HYIP program, AMF paid investors a fixed 25% each month until the early part of September 2007 when the program went private, and shortly after all payments stopped (I found this information by digging through literally hundreds of old forum posts in my research of the program you can verify the dates yourself if you wish by checking out these forum threads: MMG, TG, Carigold). It is my understanding that AMF’s funds were frozen due to legal issues with their ventures in financial markets.

30/08/2010 18:53 – drtish73 : if i could start over with amf I would have never gone into the financial markets

–FlaxTalk /monday-chat-comments-some-short-announcement-364/

Regardless of the reason, in September 2007 AMF Limited stopped paying investors and to this date has not repaid them. In my research I contacted many past investors of AMF Limited and asked them if they received any sort of refund for their past investment. Here are a few of the responses I received:

Hi Tony,

I never got a refund or payment, because I never asked for one (back in the days I was only compounding). I spoke and speak to Tish on a regular basis through Skype and I know what’s going on.

Just waiting patiently, especially because I know the effort Tish is putting in to AMF.

Are you also one of the old investors?

Regards,

Knilles

Nope, I didn’t Tony. Perhaps because I had broke about even. Tish started a new venture, I passed. LOL

These programmes are all the same, you can’t trust them.

Cheers.

Bob.

Hi there HYIPBlogger, Hope life is well for you…

To date I have not yet been paid from Dr Tish of AMF LTD… Though he is running another program as we speak and still intends to make right on the former deal he shared with me last I wrote to him..

I will keep you in the light should new events unfold.

Peace and health,

Ric

To this date, not all of the old investors in AMF Limited have been paid. I believe around 80% of old investors were not at loss with the program or received payment. Despite the fact that around 86 investors have still not been paid, nearly all of the investors I contacted have been in contact with Tish and expect to receive their money back.

30/08/2010 19:06 – drtish73 : So far in the past we had 430 investors.

-FlaxTalk /monday-chat-comments-some-short-announcement-364/
20% of 430 leaves ~ 86 investors not paid.

In fact, many of them are invested into the current plan being offered by AMF Limited (here’s one example).

At the end of February 2010 an announcement was made to the public that AMF Limited was going to reopen to the public. AMF (version 2.0) has been running and successfully paying investors since April/May 2010.

The plan offered by AMF Limited is for the most part simple and straightforward. There is a single plan that offers investors a variable 5% to 25% monthly profit for 72 months. The minimum investment is $10. There is a 15 day waiting period after each investment before earnings begin, so an investor investing $100 into the program can expect to receive anywhere from $5 to $25 monthly starting approximately 45 days after first investment. So, total earnings on the investment, assuming it pays for 72 months, is anywhere from $360 to $1800.

Deposits and Withdraws can be made by Bank Wire, Alert Pay (AP) and Liberty Reserve (LR). One interesting thing to note is you do not have to withdraw using the same payment processor you deposited with. So if you deposited with Liberty Reserve you can withdraw in Alert Pay with no exchanger fee accessed.

Withdraws take 24 to 48 hours to process and must be requested manually. If you wish to terminate your investment early, you may at any time with no fee. Requests to receive principal back require 15 days for processing.

Now lets move into more research on the plan itself. First let’s briefly look at the security of the site. While unconventional, it’s good. There are literally a ton of security features including a DDoS attack page with captchas to enter the site and virtual keyboards to stop keyloggers. I did my standard IP search and found the site is hosted by Acenet Inc. As I was unfamiliar with the company I contacted them and confirmed that they offer DDoS protection. I also performed a Whois search and found some interesting information:

AMF Limited does not use privacy protection, so you have all the contact information of the domain owner, Ritish “Tish” Dorai. Honestly I believe this is why AMF Limited has had so many followers stick with them throughout the years, not the Whois, but the transparency of the program.

AMF Limited is hands down the most transparent HYIP I’ve ever seen. They have eight videos available in the members area of the website detailing the Aqua Culture business they claim to do. Here is my favorite, because I have a strange sense of humor:

Don’t worry, there are better videos. I just get a kick out of this one:

This is a pretty huge pond. The water comes up from the ground.

I don’t mean to make fun of the video as it accomplishes exactly what it is meant to do, to show investors a bit of the business that is claimed to be generating their money. The above statement just makes me smile. Because we all know that the water in ponds come up from the ground instead of the alternative and coming from the sky…

Anyway, I was speaking about transparency, something that is not common in the HYIP industry, and one of the reasons I believe so many people out there are saying AMF Limited is a real business venture. Tish not only appears in videos, but also makes his phone number available or you could set-up a time to talk to him on Skype. He’s active in forums and makes appearances on chats. Tish isn’t some faceless HYIP admin.

Most HYIPs just put up a copy of usually fraudulent incorporation papers to make ignorant investors believe that they’re a legitimate company and thus more trustworthy. AMF Limited also has a copy of their papers listed on their login page, unfortunately the copies on display expired in 2008. I asked Tish about it and he said he would get updated papers on there soon.

I’ll be honest with you, I don’t care if AMF Limited is a real business, I’ve been scammed by as many real world brick-and-mortar companies as I have HYIPs, so I don’t really care. I’ll talk more on this topic in a walkthrough article I have planned for tomorrow. The thing that impresses me about AMF Limited is Tish didn’t run away. He stuck around for 4 years and is still trying to make things work for all investors. That takes some serious dedication.

Ok, so lets take a look at some of AMF Limited’s hard information. First, the plan is incredibly sustainable. It’s in the realm of earnings that can be achieved in the stock market monthly if you invest wisely and nothing unexpected happens, I’m sure Forex and other ventures can also make 5% to 25% returns in a month. As they’ve been around for 4 years, I decided to take a look at their site’s traffic analysis:

Ok so there isn’t much movement to be seen on the Alexa graph, but I’m not really concerned with that tid-bit of information. The program has been running for so long it would be more of a red-flag for me to see strange spikes in traffic. What growth we have is gradual, and I fully expect gradual growth and even non-growth trends would be normal due to the lower investor numbers and length of time online. I’m actually more interested in the Compete.com graph shown above. The unique visitors of the site have been growing steadily from October 2009 through June 2010, there’s a dramatic drop after June, not long after the new program launched. I’m expecting part of this to have been due to the MNO & HYIP.com monitoring listing issues that were experienced. Often when there is trouble with a program and one of the major monitors/blogs, the negative effect on the program can be seen for some time until investor trust is regained. I’m particularly interested to see how this graph develops in the next few months as Tish has increased exposure the past few months appearing on several of FlaxTalk’s chats.

A Forum Popularity Analysis isn’t necessary as AMF Limited utilizes only a select few monitors, and payments are made monthly, you can’t expect to see much activity in the forum threads. Where most programs have investors and monitors posting their payments daily, AMF Limited only issues payments monthly so lower reply numbers are expected.

So, let me sum things up as I’ve gone over a ton of information here. AMF Limited is a long-term program that pays a variable 5% to 25% monthly. I don’t see many HYIP investors getting excited with these numbers, but there is definite potential for AMF in a long-term program portfolio. There have actually been two programs named AMF Limited, the first ran from approximately January to September 2007. The second started in April/May 2010 and is what you may be considering an investment into. Security is above par. What really makes this program stand out is the admin, Tish’s transparency. He’s made himself available to investors and has shown him a wonderful story. It might even be true. I’m not personally monitoring AMF Limited at this time, but I will be adding it to the Watch List on the monitoring page. I hope this review has been educational and helps with your walk through HYIP investments. If you have any questions please let me know. As always, comments are always welcome!