January-28-2008
Filed Under (Banking and Money) by admin

The abbreviation HYIP hide such a thing as a High Yield Investment Program. Are hyips helpful? While a HYIP may sound enticing, you should be careful; many HYIPs are a little more than thinly disguised ponzi schemes. In such a scheme named after Charles Ponzi unusually high immediate returns are promised to lure more people to invest. First comers are reimbursed with the money that the next generation of investors bring into the scheme. Read the rest of this entry »