Background
HYIP or High Yield Investment Program is one of the investment program that is run through the internet media. At the end of the 1990 can be marked with the resurrection of the HYIP investment program in which this e-currency or digital currency introduced start. E-currency is of course more accessible from a traditional payment, such as to provide fresh air for HYIP that exactly operate on the Internet and is accessible by international people. This system makes the HYIP operator become easier to receive payments from investors around the world.
Although Ponzis and HYIP schemes there have been at least since the early 1900, but it should be recognized, a combination of Internet and electronic money have played important roles in the rapid growth HYIP in the first decade of the 21st century.
Some HYIP operators even open an e-currency company as their own example : Standard Reserve, OSGold, INTGold, EvoCash and StormPay. StormPay is the one of e-currency company that has now become an auction company. This is because some of the e-currency company, boycott their account for use in HYIP program.
The Understanding Of HYIP
High Yield Investment Programs (HYIP) is an investments scam or fraudulent promising high Return Of Investment (ROI) with pay earlier investors with money invested by new members and in practice, HYIP are investment that use Ponzi schemes.
How HYIP Program Work
In practice, the HYIP programs operator generally prepare a web site that offers an "Investment Program" with the highest return about 45% per month or 6% per day.
No detail about the management company, location, and how to work, how the money will be invested because it does not have the money invested. They often use a vague explanation. Manipulate the human mind, which is instinctive desire a fast and large profits from investment.
HYIP collect most of the money investors using classic Ponzi scheme. Namely, glean investment from the second and third levels to pay principal and interest on the investor at first level. This scheme will continue to be several levels to the first through a special forums provided program.
Piramida scheme is also used in the HYIP programs with offer the incentives commission to recruit new investors.
It is recommended to remain cautious in the similar programs that may on behalf of the other programs but have the exact same system with the HYIP programs.
The terms used in order to attract prospective investors, including : "HYIP game" or "HYROL" (High Yield Return On Loan).
HYIP scam also can create a site that employs spamdexing to create the impression that they are a legal company by indexing the advertising techniques information to attract potential investors.
OSGold
OSGold was established as an e-gold imitation in 2001 by David Reed. OSGold recorded as Biggest scam HYIP program. The company closed in 2002. In early 2005, the United States District Court said that, when closed it is likely the service OSGold got benefits to USD $ 250 million. CNET reported that even "at the height of its popularity, the OSGold currency boasted more than 60,000 accounts created by people drawn to promises of "high yield" investments that would provide guaranteed monthly returns of 30 percent to 45 percent."
PIPS (People in Profit System or Pure Investors)
The Second Biggest HYIP scam is PIPS (People in Profit System or Pure Investors). Investment scheme was created by Bryan Marsden in early 2004 and spanned more than 20 countries.
In 2005, the results of investigation of Bank Negara Malaysia decided Marsden and his wife in a Malaysian court with claim money laundering charges more than 77 million RM, equivalent to $ 20 million.
HYIPs other that has been closed due to legal action include :
• Ginsystem Inc. (Singapore)
• IT4US (United States)
• PlexPay (Norway) - HegnarOnline, in Norweigan
• Solidinvestment (United States)
From the various models Ponzi scheme that used by HYIP program, there are some promising results that look realistic and is not considered as "high-yield investment programs." For example, the Ponzi scheme of Bernard Madoff suspected ROI offer only 5% per year. So be careful, lest you become one of the many people who have lost their money, both in amount may be small to very large in number.
HYIP or High Yield Investment Program is one of the investment program that is run through the internet media. At the end of the 1990 can be marked with the resurrection of the HYIP investment program in which this e-currency or digital currency introduced start. E-currency is of course more accessible from a traditional payment, such as to provide fresh air for HYIP that exactly operate on the Internet and is accessible by international people. This system makes the HYIP operator become easier to receive payments from investors around the world.
Although Ponzis and HYIP schemes there have been at least since the early 1900, but it should be recognized, a combination of Internet and electronic money have played important roles in the rapid growth HYIP in the first decade of the 21st century.
Some HYIP operators even open an e-currency company as their own example : Standard Reserve, OSGold, INTGold, EvoCash and StormPay. StormPay is the one of e-currency company that has now become an auction company. This is because some of the e-currency company, boycott their account for use in HYIP program.
The Understanding Of HYIP
High Yield Investment Programs (HYIP) is an investments scam or fraudulent promising high Return Of Investment (ROI) with pay earlier investors with money invested by new members and in practice, HYIP are investment that use Ponzi schemes.
How HYIP Program Work
In practice, the HYIP programs operator generally prepare a web site that offers an "Investment Program" with the highest return about 45% per month or 6% per day.
No detail about the management company, location, and how to work, how the money will be invested because it does not have the money invested. They often use a vague explanation. Manipulate the human mind, which is instinctive desire a fast and large profits from investment.
HYIP collect most of the money investors using classic Ponzi scheme. Namely, glean investment from the second and third levels to pay principal and interest on the investor at first level. This scheme will continue to be several levels to the first through a special forums provided program.
Piramida scheme is also used in the HYIP programs with offer the incentives commission to recruit new investors.
It is recommended to remain cautious in the similar programs that may on behalf of the other programs but have the exact same system with the HYIP programs.
The terms used in order to attract prospective investors, including : "HYIP game" or "HYROL" (High Yield Return On Loan).
HYIP scam also can create a site that employs spamdexing to create the impression that they are a legal company by indexing the advertising techniques information to attract potential investors.
OSGold
OSGold was established as an e-gold imitation in 2001 by David Reed. OSGold recorded as Biggest scam HYIP program. The company closed in 2002. In early 2005, the United States District Court said that, when closed it is likely the service OSGold got benefits to USD $ 250 million. CNET reported that even "at the height of its popularity, the OSGold currency boasted more than 60,000 accounts created by people drawn to promises of "high yield" investments that would provide guaranteed monthly returns of 30 percent to 45 percent."
PIPS (People in Profit System or Pure Investors)
The Second Biggest HYIP scam is PIPS (People in Profit System or Pure Investors). Investment scheme was created by Bryan Marsden in early 2004 and spanned more than 20 countries.
In 2005, the results of investigation of Bank Negara Malaysia decided Marsden and his wife in a Malaysian court with claim money laundering charges more than 77 million RM, equivalent to $ 20 million.
HYIPs other that has been closed due to legal action include :
• Ginsystem Inc. (Singapore)
• IT4US (United States)
• PlexPay (Norway) - HegnarOnline, in Norweigan
• Solidinvestment (United States)
From the various models Ponzi scheme that used by HYIP program, there are some promising results that look realistic and is not considered as "high-yield investment programs." For example, the Ponzi scheme of Bernard Madoff suspected ROI offer only 5% per year. So be careful, lest you become one of the many people who have lost their money, both in amount may be small to very large in number.
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