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21 Oct,2017
News of PM Invest Mart
Dear Investors/Guests/Monitors,

Team PM Invest mart is continuously working as per demands/suggestions of customers. We have got 250+ customers, 1.2M usd investments and from which 7M +usd have been disbursed as a profit within a week.

A specially designed programme based on ...
21 Oct,2017
News of PM Invest Mart
New SSL layer and certificate installing today.
13 Oct,2017
News of Investellect
Hello Dear Investors and Guests,
I hope you are doing well.
As you know we have been working online for the last 940 Days.
We would like to say few words about some updates and the essential facts and figures about our Company, so, let’s begin: We have more than 59000 investors from ...
05 Oct,2017
News of Investellect
Investellect – Force of Experience has been online for a really long time, and we are as much excited as you are, to have achieved such a great milestone. We have gone through many achievements during our online journey so we are trying our best to provide excellent services for long term
01 Oct,2017
News of Investellect
Hello Dear Clients and Guests!
I hope you are enjoying your Sunday!
I am pleased to announce winners of our referral contest.
First wave or out TOP winners who have got Top Prize!

We have more exciting contests, and implementations, coming in our way. Stay tuned for thos...
LATEST SCAMs
Article
High-yield investment program wiki 
Published 2010/3/2
Article Rated: 5.65
6.1 star rating (23 votes)
A high-yield investment program (HYIP) is a type of Ponzi scheme, which is an investment scam that promises an unsustainably high return on investment by paying previous investors with the money invested by newcomers.

HYIP operators generally set up a website offering an "investment program" with returns as high as 45% per month or 6% a day that discloses little or no detail about the underlying management, location, or other aspects of how money is to be invested because no money is invested. They often use vague explanations, asserting little more than that they do different types of trading on various stock markets or exchanges to generate the returns they purport. The U.S. Securities and Exchange Commission (SEC) has said the following on the matter: "These fraudulent schemes involve the purported issuance, trading, or use of so-called 'prime' bank, 'prime' European bank or 'prime' world bank financial instruments, or other 'high yield investment programs.' ('HYIP's) The fraud artists... seek to mislead investors by suggesting that well regarded and financially sound institutions participate in these bogus programs."

Mechanics

Though Ponzis and HYIP schemes have thrived and multiplied since at least the early 1900s, the combination of the Internet and Electronic money has played an important role in the rapid growth of HYIPs in the first decade of the 21st century.

The use of digital payments systems has made it much easier for operators of such websites to accept payments from people worldwide. Electronic money systems are generally accepted by HYIP operators because they are more accessible to operators than traditional merchant accounts. Several digital currency companies responded by taking measures to discourage their system from being used for HYIPs.[citation needed] Some HYIP operators opened their own digital currency companies that eventually folded; these companies include Standard Reserve, OSGold, INTGold, EvoCash, and V-Money. StormPay was started in the same way in 2002, but has remained in business even though the HYIP that it was created to serve was shut down by the State of Tennessee.

Some HYIPs have incorporated in countries with lax fraud laws to secure immunity from investor laws in other countries. The operators have been known to host their website with a web host that offers "anonymous hosting". They will use this website to accept transactions from participants in the scheme. The HYIP scam may also create sites which employ spamdexing or other adversarial information retrieval techniques in order to attract potential victims by creating an impression that the company has done no wrong.

Examples

The largest documented HYIP scam was OSGold, founded as an e-gold imitation in 2001 by David Reed. OSGold folded in 2002. According to a lawsuit filed in U.S. District Court in early 2005, the operators of OSGold may have made off with USD $250 million. CNet reported that "at the height of its popularity, the OSGold currency boasted more than 60,000 accounts created by people drawn to promises of "high yield" investments that would provide guaranteed monthly returns of 30 percent to 45 percent."

The second largest documented HYIP was PIPS (People in Profit System or Pure Investors). The investment scheme was started by Bryan Marsden in early 2004 and spanned more than 20 countries. PIPS was investigated by Bank Negara Malaysia in 2005 which resulted in Marsden and his wife being charged in a Malaysian court with 97 counts of money laundering more than 77 million RM, equivalent to $20 million.[8] Even after these charges were brought forth, many of Marsden's followers and investors continued to support him and believe they would see their money in the future.

Some Ponzi schemes promise yields that appear realistic and as such are not considered "high-yield investment programs." Bernard Madoff's Ponzi scheme offered yields of only 5% per year, for example.



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