HYIPs

Don't put one more dime into HYIPs!!

HYIPs, short for "High Yield Investment Programs", have created more buzz and controversy than any other opportunity group by far, over the past decade. In fact, the US Treasury Department reports that over $500 Billion was reportedly lost to HYIPs both online and off in the last 10 years. I know what you're thinking...."did he just say lost? I want to MAKE money, not LOSE IT!"

If you are hearing about HYIPs for the first time, they collect funds from lenders as investment capital or deposits and promise a return that is usually extremely high in exchange for "borrowing your money". The result? Generally after a period of time you are free to withdraw your capital and or your profits, or you can "reinvest" them to earn additional profits. In theory, the compounding can create a crazy return on investment given time.

Some HYIPs promise daily profit, some weekly....but most monthly. I've seen return rates posted as high as 3% per day and 200% in 20 days...heck, we all have. Sounds great, right? The problem is that most go out of business or close up shop before you're ever paid. Why? Because they can.

Sadly, most HYIPs are offshore fronts that don't lie within U.S. jurisdiction and you have no recourse when they steal your money. Most HYIPs realize this and they bank on it! They've got you right where they want you. Most also allude to making their profit in legitimate investment vehicles when in reality, you have no idea where they're making their profit.

Matt Gagnon