HYIP are scams

[turtleboks]

I'm actually surprised I haven't found a thread for reporting HYIPs. Well, If ever you're thinking about joining any HYIP sites- pls don't.

Its been awhile since i actually visited an HYIP site. But i bet you my bottom dollar nothing has changed. These owners of HYIP sites count on ONE THING- human greed (and also who have a hint of naivete'). They reel in these gullible (e.g. me) people with promises of high revenue and once they've invested, give them a taste of the HIGH YIELD rate of their investment, expecting them to NOT remove their invested capital, but to put it back in. Then, when it has been populated by enough like-minded and naive investors- they disappear; with YOUR money in tow, only to start anew using another name.

And if you're an investor in a third world country, you can forget about reporting them and having the authorities do something.

So, save yourself alot of grief. Just stay away...

And next time, when doing any tangible or virtual investment, always exercise DUE DILIGENCE.

[nevaeh.aaric]

Their inception about a decade ago, high yield investment programs (HYIPs) have always been linked with scams, specifically the Ponzi and pyramid schemes. Thus, it is perfectly logical if you are hesitant and uneasy about making a venture into HYIPs. However, in spite of the great quantity of scammers around, you cannot simply discount the genuine and legitimate HYIPs, of which there are still plentiful. They may not always last very long, rarely living up to a few years but often flourishing for a few months, but if you cannot take advantage of the potential for high returns simply because of the fear of scammers, then that would be a total shame. Hence, it is of great importance for you to be equipped with enough know-how to discern legitimate HYIPs from scams.