We are all searching for ways to make extra money. In fact many people including myself have searched for years before finding any reputable way to make money without a sizable investment.
This is where the HYIP scam enters the picture. At any given time there are literally hundreds of HYIP (high yield investment programs) looking for your small investment.
These programs ran on and on about how your $10-$1000 can make you a 10-30% per day return.
You might ask yourself why anyone would even take these claims seriously? The catch is that these HYIP scams can make you serious money in the short term. HYIPs take money invested in the program and pay it out to people earning their returns.
The larger the HYIP the longer it can go before the bottom falls out.
Many people have made money with HYIPs but one never knows when the HYIP will fold.
Some HYIPs have folded the first day and others have been running successfully for months. In fact investing your money in any HYIP is as good as playing it in the nearest casino.
No HYIPs are legal. They are often run by underground people or groups looking to make a quick buck. It's money laundering!
These are some reason to identify scam hyips. Everyday, dozens of HYIP (High Yield Investment Programs) sites come out offering to be the solution to your financial dreams. They also promise you a life filled with wealth and satisfaction. Do you really think they deliver what they promise? They are just fooling you. Studies revealed that 99% of HYIP sites are frauds.
I would regard all these schemes as "ponzi".A Ponzi scheme is a fraudulent investment operation that involves paying abnormally high returns (”profits”) to investors out of the money paid in by subsequent investors, rather than from net revenues generated by any real business. This type of scam is named after Charles Ponzi. wikipedia
My first experience in one of these scheme started when a friend of mind recommended me AB Fund.At that time the fund proof to be paying to all the investors and most of the local folks were lining-up at the doorstep of the upline leader to cash out their daily dividends.What I understand is that it's new and only 3months old so I supported the recommendation and made a spend of $100 for a try(130% after 2 days).The following month I was paid the dividend and on the 5th month with my reinvestment,the site was out and cannot be accessed for good.The local folks inform the government and all HYIP's sites were banned including the hottest SWISSCASH.net.
So I ventured in on my own to scout for how these people work by searching for these HYIP sites.I got one,spend $5.00(Minimum) Dat.Profit.com.(daily 5%)---closed within 2 weeks.Prior to the site blackout,the adminnistrator quickly change the terms to "the program is over when the percentage withdrawal comes to 95%"
Next adventure is the 4months old Onlineforexinvestment.Com,spend $20.00(minimum)(1.25%daily interest)---hang on for 3months and soon the site keep on cannot be accessed.Those crooks e-mailed me to inform about site breakdown and don't worry,it's temporary.The next mail says please vote for them with good remarks on the ratings site which I did.(when the site is back on footing again)
The next mail received is "we are going private""to be entitled the minimum spend must be $250""Limited members only""If you don't top -up you are still entitled for the principal payment plus the compounded dividends at the end of maturity"So I did not response and soon 2 months later,the site was total blackout.See it's daylight robbery.
My last encounter is A3Union.com.Page presentation wise is good and with Certificate of registration to back up their authencity.But..but on my deeper inspection it turns out their nature of business is a sofware company and not a financial investment company.I made a $25.00 spend but then it's too late.(14 days @ 28%yield)This program started 11Aug2006 and join the list of scammers by November'07.
Sharing to all is most if not all are ponzi or pyramid schemes,including those autosurf sites.Do not be misled by those ratings people making their early spend.They make their first commissions and first to bail out before fools like us jump in the bandwagon out of confidence.
Finally,these HYIP's template can easily be bought cheaply to your needs from$50.00 onwards.
Tracking Dow on Thursday,26/12/07Returning from the holiday were the bears cashing out their gains.The bulls were exhausted with only 13.99 points gain whereas the bears have a majority 56.65 points.The closing dargonfly has a black body and can signify a hangman like a sword piercing through its enemy.
That spinning top doji seems like piercing through the previous day's body.It has a long lower shadow for a bearish play.Can it be the 'Sword of Zorro!'It will have a followthrough of weakness on profit taking before it takes on a final boost.
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