What Are HYIP Scams?
First, you need to know that HYIP means “high yield investment programs”, generally ones that offer a significant return on a very small investment. The legitimate ones are usually investing your money in such things as commodities, FOREX, offshore, and other programs that can return up to 3% daily, or a steady but small income over longer periods, such as a month. As a rule of thumb, the higher the yield promised and the shorter the return period, the more likely it is that you have found a scam. While these programs are HY, they are also HR, or High Risk. Because the potential for earnings is so attractive, people often sink more than is required in the venture, and can end up losing everything, even in legitimate programs. This is one way scams hook people- on the idea that you can basically get rich quick. The first thing you should never do is respond to an email invitation to an HYIP. No reputable firm will advertise this way. If not a scam, it may be an email harvester that logs
