| High Yield Investment Programs or HYIP's are | | | | returns that a Ponzi scheme advertises (and |
| schemes where a person (the would-be | | | | pays) require an ever-increasing flow of |
| investor) makes what is known as a "spend" | | | | money from investors in order to keep the |
| (payment) of money in quantities ranging from | | | | scheme going. The system is doomed to |
| less than $1 to $1000's in hopes of getting | | | | collapse because there are little or no |
| back a high return after a certain period of | | | | underlying earnings from the money received |
| time. Most HYIP's that I have seen use the | | | | by the promoter." |
| gold electronic currency business e-Gold as | | | | |
| their payment processor of choice. The rate | | | | It follows that HYIP's are usually |
| of return offered varies depending on the | | | | short-lived affairs where the so-called |
| particular HYIP (I have seen sites offering | | | | investor is often scammed out of his/her |
| rates as ridiculously high as 3000%) and when | | | | money. I myself made a total of 15 small |
| an e-Gold spend is made it cannot be | | | | spends in 15 different High Yield Investment |
| reversed. This is in accordance with e-Gold's | | | | Programs recently just "to see" and I can |
| policy and motto which succinctly states: | | | | report that I got paid by none. Zilch. Zero. |
| "Get paid, stay paid." | | | | |
| | | | So why do these sites continue popping up all |
| The following generic statement can be seen | | | | over the Internet and attracting "investors" |
| on the home pages of many HYIP's in reference | | | | when most people know the majority of these |
| to their program: "Our program is intended | | | | so-called opportunities are really scams? |
| for people willing to achieve their financial | | | | Well, there's always the powerful allure of |
| freedom but unable to do so because they are | | | | the possibility of making money without |
| not financial experts. xxxxx is a long term | | | | lifting a finger. That will always attract |
| high yield private loan program backed up by | | | | people. Always. |
| Forex market trading and investing in various | | | | |
| funds and activities. Profits from these | | | | But the fact remains that if you have some |
| investments are used to enhance our program | | | | e-Gold currency laying around that you don't |
| and increase its stability for the long | | | | need, you can invest in High Yield Investment |
| term." | | | | Programs and make some scam artists always on |
| | | | the prowl for sucker money (like mine) feel |
| In fact however, the High Yield Investment | | | | very satisfied. Very happy. For the long |
| Programs are Ponzi schemes. Wikipedia, the | | | | term. |
| free encyclopedia says: "A Ponzi scheme | | | | |
| (named after Charles Ponzi who became | | | | You may reprint or republish this article so |
| notorious after using the system) usually | | | | long as my link(s) or resource box is |
| offers abnormally high short-term returns in | | | | included and published as well. |
| order to entice new investors. The high | | | | |