A high-yield investment program (HYIP) is a type of Ponzi Scheme, which is an investment scam that promises an unsustainably high return on investment by paying previous investors with the money invested by newcomers.
HYIP operators generally set up a website offering an "investment program" with returns as high as 45% per month or 6% a day that discloses little or no detail about the underlying management, location, or other aspects of how money is to be invested because no money is invested. They often use vague explanations, asserting little more than that they do different types of trading on various stock markets or exchanges to generate the returns they purport. The SEC has said the following on the matter: "These fraudulent schemes involve the purported issuance, trading, or use of so-called 'prime' bank, 'prime' European bank or 'prime' world bank financial instruments, or other 'high yield investment programs.' ('HYIP's) The fraud artists... seek to mislead investors by suggesting that well regarded and financially sound institutions participate in these bogus programs."
HYIPs collect large sums of money for the operators by using the classic Ponzi Scheme method of using second- and third-tier investments to pay principal and interest back to the first-tier investors. This is continued for the first several tiers, generating positive word-of-mouth advertising for the scheme using a variety of dedicated forums. HYIPs may also mirror Pyramid Schemes by offering current investors incentive commissions, for example 9% of current investment, to recruit new investors. Some HYIP promoters, aware of the negative connotations of the term, have begun to use other terms such as "HYIP game" or "HYROL" (High Yield Return On Loan) as well.
The introduction of e-currencies in the late 1990s made it easier for HYIPs to operate on the Internet and across international boundaries, and to accept large numbers of small payments. HYIPs usually accept payments only by digital currency.
Below is a report extracted from internet, invest and got scammed . I was also recommended by friends to invest in this HYIP Program. I deposited $30 for 190 days. Immediately, i got payout of ~1.4% for 1 month . During May 15 2009, the program stopped to give payout and slowly no support and reply from the live chat. Some investors that invested in this HYIP progams lost alot of money like $10,000~$100,000. If you search the net will know that many people got referred by friends and relatives etc to join in the program. My advice is that HYIP is high risk , High Gain. If you want to invest and involve in these programs, do not put all eggs into 1 basket after you got payout for few week or month. You never know who to approach if any of the HYIP programs collapse and u will lost every cents. My friends lost about $15K for this program. How about you ? did you GAIN or LOST in HYIP ?
I’m xxxxx, I was looking for the way how to make online investment in the net, and someday I’ve found Stoic Capital the investment portal.
The main point of online investment was really far from my understanding. It was something new for me, something unexplored. I never thought before that investment can be so easy and simple.
I have spent much time for reading feedbacks about Stoic-Capital on boards and monitoring sites.
And I realized - Stoic-Capital really works and makes a profit for customers. So, I have decided to put some money in. First of all, in April I put $2000 and gain approx. 2 percent daily. I mean EVERY business day. I had $40 daily 5 days a week. It’s $200 per week - not bad for beginning, and not bad for doing nothing. Money been working without my meddling in process.
I’ve never known before and even couldn’t imagine that such slight investment can bring such sizeable profit. City banks and mutual funds surely can not give such profit consider my amount of first deposit. When I’ve got $1000 for a bit much more than a month I certainly decided that Stoic-Capital is serious project honestly paying its investors and taking care of their prosperity. So, I open another deposit. I’ve trusted so much to Stoic and I decided to deposit my savings of $25,000. I’ve just withdrawn it from my Bank of America account with their paltry percents.
Right before putting my deposit I found out that for amounts of more than $20K Stoic-Capital offers VIP plan. It’s 2.2% - 2.8% per every business day depending on day-trading results. These results are e-mailed to investors daily. Then I contacted the support of Stoic, their live-chat, which thanks God works 24×7 online. (It’s really convenient to get advice and explanation). So, right at that time I received information about such tool named COMPOUNDING. Compounding means re-investment of gained profit back to deposit, so it brings maximum profit to the end of deposit term.
That’s why in the middle of May I deposited last $25K of my cash and set up 100% compounding. In the beginning of February 2009 I will have $2,700,677.20 exactly. I calculated it using Stoic calculator.
At the moment I’ve earned profit of approx. $4500, withdrawn and cashed it out. That means that by now my profit return has already exceeded the initial investment more than twice. And I will gain the same amount of profit again till the end of the deposit term of 190 business days (24-12-2008). Profit from the second deposit together with the deposited amount of $25K will become available for withdrawing in 190 days, in Feb 2009, just because I’ve set up the 100% compound. Let all of day profit be added to the deposit for the next day interest be accrued on the bigger amount of deposit every day.
In May I knew about one more tremendous opportunity to make money that Stoic provides - their referral program. And I joined it to invite relatives, friends and mates to get wealthy too. Now I have 77 referrals who have already invested total amount of around $1,800,000. That brought me additionally $90K as referral fee. Not really bad for the beginning, is it?!
Now I know how to make much money. I have stabile income and become wealthy man thanks to Stoic-Capital. Now I feel the illuminative way open to me. The Peace is plentiful - just get in right time in right place! That is the Stoic!
I'm a Self employed been investing for almost about 8 yrs. Here is the chance for me to post my Blog to share experience and investment information with everyone.
