|
Home / Internet
High Yield Investment Program Scams
By:Jack Goode
As you read the next email in your box about how the widow of the former leader of Mubai needs your help getting her deceased hubby's millions out of the corrupt grasp of that nation's banks, rest assured, internet crime has already moved well past those clumsy attempts to use your money for the personal gain of some anonymous internet scammer.
One of the most prevalent scams today is the HYIP, or High Yield Investment Program. These programs are nothing new. More than one hundred years ago, businessmen requiring quick capital began enticing investors with promises of a quick and profitable return on their money. In some instances, these "investments" were more like contributions, as many, many investors lost their shirts when their finance dreams went belly-up. In essence, HYIPs have always been risky business.
Once a real investment opportunity, HYIPs realized an entirely new purpose when Charles Ponzi entered the picture in the early 1900's. Ponzi needed money for his newly conceptualized business and decided to entice investors by promising a fifty percent return on their money in less than two months. Not content to stop there, Ponzi also promised investors that they would double their money in three months! However, since Ponzi was using the money from subsequent investors to pay off initial investors, it was only a matter of time before his scheme came tumbling down. The problem with these types of schemes is that they don't depend on any real business profits, just the continued influx of cash from new investors.
The opportunities presented by this type of scheme have been too good for internet scammers to ignore. Now, it's not your son-in-law asking for startup capital for his dream business, but rather some anonymous criminal looking to part you from your money and run.
The ongoing course of HYIP scams really makes it difficult for the little guy to try to get a piece of the big guy's pie. Thus, the little guy has to really do his/her research in all HYIP programs in order to make sure he/she does not get left with empty pockets. All HYIP programs are not bad, but the good ones are few and far between. The last thing anyone should go through is to wonder whether or not has he/she seen their last dollar. Therefore, keep your eyes and ears open and your bank account closed because it is not too funny living with no money.
Digg
del.icio.us
Blink
Stumble
Spurl
Reddit
Netscape
Furl
Article keywords: rip off scams hyip fraud ebay scams pyramid scams coastal vacations scams ripoff scams mlm scams hoa
Article Source: http://www.articles2k.com
Jack A. Goode, II has a keen interest in the issues involving HYIP scams. For another thought provoking blog, please click here
|
|
| Top Internet Articles |
- 1). Spyware: The New Cancer By : Andrew Wroblewski
Just like cancer, a computer virus program, whether Trojan, adware, or spyware can be deemed as any executing program that can infect your computer by recreating a copy of itself onto your system. Just like with cancerous cells in the human body, if not detected in time or found to be in the wrong place, any of these infectious programs can find themselves replicating and creating havoc throughout other parts of the machine.
|
|
|
|
|
|
|
|
|
|
|
|
|
- 8). What Is VSAT Broadband? By : Bob Hett
VSAT broadband is similar to cable and DSL services for your computer. It is Internet service through a satellite dish that is placed on your home or business. It is another option for a high-speed Internet connection that is considered to be one of the best technologies available today.
|
|
|
- 10). Benefits of Searching For People Online By : Sandra Stammberger
People search as the service name implies obviously pertains to searching for people. By using such service you will be able to track lost family members, classmates, celebrities, criminals and other type of people that you may want to search.
|
| New Internet Articles |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- 9). Sniping Bargains On Ebay By : Ken Snow
Begin your search for an automated sniping service by typing the words, ebay sniping into your favorite search engine. You will find multiple online services that will snipe for you for a small fee. These services will often provide you with a free trial period, so it is worth giving it a try.
|
- 10). Tips On Building A Home Internet Business By : Obinna Heche
Many people who chose to work at home engage in online businesses. Building a home Internet business is challenging and once you really got the hang of it, you could earn good income as well. There many areas to choose from when building a home internet business.
|
|
|
