The Dangers of HYIPs
June 30th, 2011
I’m not really a big fan of Hyips. The whole system seems like a Ponzi scheme. With the word Ponzi, I literally refer to the person who made this scheme a century ago. So what is the reason for my hate? Actually, people involved in such a scheme get high returns on their investment only until the scheme is getting more enrolments every time. Basically the money we get as a return is someone’s joining fee. This process seems to work well since more people get attracted to the scheme seeing other getting paid. However, the unlucky few, who join it in the last iteration of its operation (before it runs away), lose all their money and the scheme runs away with bulks of money.
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