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SOCIETY, BUSINESS and ECONOMY => BUSINESS and ECONOMY => SCAMS => Topic started by: babtunde okelola on January 05, 2011, 03:35:28 PM

Title: HYIP Scams - Don't Buy Into The HYIP
Post by: babtunde okelola on January 05, 2011, 03:35:28 PM
HYIPs are not good investments. They are scams.

High Yield Investment Programs (HYIPs) are good examples of a classic get rich quick scheme / scam. HYIPs are a type of Ponzi scheme, which is basically a scam where new investors, or members, are paid off with previous investors money. A good
Ponzi scheme can keep the scam going for a while as new money is always pouring in, but eventually it collaspes because these systems are unsustainable.

Like any good Ponzi Scheme, HYIPs can catch fire quickly. Say investor One invests $2000 and a week later is given the promised 20% return of $200. Impressed, the investor not only adds more of his/her own money, but they tell some friends about it. It's easy to see how money can be accumulated in a short time, and how at the start some money will be paid out, but eventually the well dries up and investors are left with nothing.

It should more evident now than ever in these turbulant economic times that any sort of investment program guaranteeing double digit returns is rotten. If so many on Wallstreet and other esteemed investors are struggling to just stay above even, how can these HYIP programs not only guarantee a positive return, but an impressive positive return?
HYIP Websites

There are literally thousands of HYIP websites. I'm guessing they are constantly shutting down, moving, or popping up under new names. Plus, I suspect, a handful of individuals are responsible for numerous (if not hundreds) of websites or "fronts".

Here's a stanard HYIP website:

I just came across that one, but it has many common elements found in a HYIP website. They try hard to legitimize themselves by throwing around a lot of financial jargon. While it may sound impressive to a vulnerable person, it is ultimately useless and totally irrelevant. Here's a sentence taken from our friends at "Stoic Capital."

"Stoic understands that the fundamental basis for superlative secular returns is a primary understanding of "primary trends" in various markets."

See what I'm saying? This company tries really hard by even releasing an Annual Financial Report like all publicly traded companies do. It looked like garbage to me.
HYIP Reviews and Ranking Sites

HYIP review sites take the scam one step further. They represent themselves as objective third parties providing customers reviews or personal experiences for various HYIPs. So, a person interested but wary of HYIPs stumbles onto one of these review sites and sees that while many of the HYIP sites are indeed scams, a handful are legitimate. These HYIP review sites, in my opinion, exist solely to aid in the taking of people's money.

It's true, similar marketing techniques are used in many different industries, but there's a key difference. Take my site, ScamReview as an example. Yes, I do make money from advertisers. The difference isn't even that I try and provide honest reviews based on my personal experiences (which I do). No, the difference is, I'm not duping you into a flat out investment scam where you could really get into financial trouble. That's what these sites are doing and it's dangerous stuff.

The amount of effort that goes into fooling people still surprises me, and I've been in the game for a while! Some examples of these HYIP Review sites are:
The Final Say On HYIP Programs

HYIP's are fraudulant. Please, avoid them completely. If everybody did, these scammers would be out of jobs

Rather get better updated,come and toll the path of the experts such as  (Suzanne, Cynthia, and Jeffery)

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Title: Re: HYIP Scams - Don't Buy Into The HYIP
Post by: Hon. Psalm on January 05, 2011, 07:59:16 PM
The word HYIP caught my attention.  2010 was a bad year financially because of HYIPs, geniusfund,verifield, and so on that I was into but thank God for HIS faithfulnes.  Thank you for this information, although I am no more into it but this will educate this forum users.
Title: Re: HYIP Scams - Don't Buy Into The HYIP
Post by: maximumbrainpower on December 22, 2012, 07:51:09 PM
The PYRAMID SCHEME is an old trick.   It depends on the shallowness of mind of those involved. 

I have no sympathy for those at the bottom, because what happns to them is only WHAT THEY TRIED TO DO to those beneath them. 

Only.  .  .   They couldn't get anybody. 

This thing nearly destroyed ALBANIA, just after its liberation from CCOMMUNISM.   It was BIG News at the time. 

It is IMMORAL, because it is THEFT.   
Title: Re: HYIP Scams - Don't Buy Into The HYIP
Post by: willsonkumar on July 04, 2013, 02:21:41 PM
If you read almost any HYIP review, you?ll see warnings about scams.  HYIP, which stands for high yield investment program, promises to make you a 45 percent return or even more on your investment per month.  And what makes the problem even worse is the fact that they tell you almost nothing about how they will earn you money.

Of course if it sounds too good to be true, unfortunately it is, and such is the case with most HYIP programs.

- See more at: hxxp: www. businessideasoasis. com/hyip-review. html#sthash. APcSDmmV. dpuf
Title: Re: HYIP Scams - Don\'t Buy Into The HYIP
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