DBeavers
Full Member
Cash: $ 11.70
Posts: 57
Joined: 29 Nov 2005
Location: Louisiana, USA
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| Considering an HYIP? |
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You might want to read my post under Money Talk News. Another "Ponzi" scheme has bit the dust, after attracting thousands of US investors who put in over $100 Million.
As usual, the first investors were so excited at receiving 4% to 14% monthly interests (48% to 144% annual interest payments), that they went around bragging and encouraging others to join in the plan.
In this case, many of the early investors (who had the best chance of getting ahead) will lose most of their investments, as they swallowed the hype and re-invested their interest payments in the same SCAM.
If you continue to take your chances with such scams and schemes as these, you should at least seek to get your principal investment amount out as soon as you can. That way only the "late comers" who followed your example who will get burnt.
Dennis
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Thu Jan 26, 2006 6:06 am |
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Eithanius
Contributing Member
Cash: $ 2.11
Posts: 46
Joined: 06 Apr 2005
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Sounds like you're encouraging them to "invest" more, and then what.... Rip them off....?  
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Fri Jan 27, 2006 2:10 pm |
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DBeavers
Full Member
Cash: $ 11.70
Posts: 57
Joined: 29 Nov 2005
Location: Louisiana, USA
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| Not even! |
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My post is a warning that if they are going to play with fire, they are likely to get burnt.
My post also points out that those who participate, do so knowing that the later investors who follow them will certainly lose.
I don't participate in any HYIPs, but wrote an article detailing how one such operation pulled in over $135 Million dollars from "investors" before being shut down.
Investors in HYIPs are primarily one of two types of people. Naive people who actually believe the company and investment is legitimate and those who know it's a Ponzi, but invest trying to beat the collapse.
If I was encouraging participation, I'd be posting a link to one of dozens of such schemes going on at any given point in time, online, offline, or both.
My message was aimed at future victims, to demonstrate how wrong most HYIPs are. They are build without a foundation, and have no chance of long-term survival and will always collapse when the outflow of payments exceeds the income from new investors, or when the FTC or other agencies step it and freeze all assets.
Dennis Bevers
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Fri Jan 27, 2006 3:33 pm |
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netjobs
Contributing Member
Cash: $ 6.25
Posts: 30
Joined: 25 Oct 2005
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My Best Advice is dont expect any money without doing anything other than just investing... I lost some invaluable money in these HYIP's and I am trying to advice most possible for others to not to join... and mostly these sites just started 1 month or 2 months back and dont expect they will pay immediately without their earnings with your investments... just wait for some days and read like this kind of forums and get feedback anyone has been paid from HYIP's and as said above start a small investment and get back your money and reinvest only the profit... and there is no loss of money either...
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Fri Jan 27, 2006 4:28 pm |
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Healthman
New Member
Cash: $ 1.50
Posts: 6
Joined: 28 Jan 2006
Location: Interenational
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| HYIP Victim |
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Hi. Just wanted to say that I was recently a small victim of an HYIP since only a little of my money was invested. I am also happy to find this article because I don't think I'll be re-investing into any other HYIP based on it including my experience. I've learned that sometimes it's best to try something using little funds rather than to jump in with everything and losing it all as a result of a fast reaction.
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Sat Jan 28, 2006 2:13 am |
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Healthman
New Member
Cash: $ 1.50
Posts: 6
Joined: 28 Jan 2006
Location: Interenational
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| HYIP Victim |
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I've decided to deal strickly with my bank which will allow me to earn a percentage from a Money Market account.
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Sat Jan 28, 2006 2:31 am |
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