Thursday, April 12, 2007

HYIPs are scams you can't win with.

In keeping with passive programs, I will post my two cents. These flat out are scams. I am not talking longer term high-yield passive programs, but those that promise 40%-50% return a day, or hourly, that will often say "backed by ForEx and other investments". If they worked right, but were a scam, you could do what is called a "hit and run". Put your money in, get interest, then pull your money out and ride the growth on the interest, pulling out a certain percentage of the amount like clockwork. However, want to know why you can't win? Admins of the system will freeze withdrawals, preventing you from getting funds out. And then the entire thing collapses. Oh, there is an off-chance you may get some funds out early, if you are lucky. But, most of the time, you will lose.

Well, this is my experience with them.

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