Anatomy of a HYIP Scam

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By makemoneyonline



You don't have to look very far, the HYIP scams are under your nose on ... hubpages google ads so please click on them (thanks for me and punish these scammers :) ) but do not buy them !

Let's zoom on the right side of Google Ads: I have circled in Red what's wrong:

- 28% daily this is just crazy, it can't last longer than a few days. It may even happen that once you will deposit some money, you won't be able to connect to your account.

- Bank Wire/Check: this is a frequent psychologic trick to make you believe they are legitimate because they're going to ask you proof of your identity as if they were a legitimate broker. You should ask them their own banking reference before - though some scammers do actually set up a firm and a banking account before disappearing.

- Guaranteed: this is a new "hype" in HYIP world. A company pretend to guarantee HYIPs a bit like an Insurance Company by asking a sum of Money to the Program's Owner so that he can brand this kind of claim on his site: "Guaranteed until 12/31/2010". Well this is pure Marketing Talk and I have already seen some who has such "Insurance for years in the future" disappear after 2 weeks.

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Himawan profile image

Himawan  says:
2 years ago

Well, thanks for your good advice. It makes me more carefull before I place my money in HYIP.

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