Lost money in HYIPs?

@tombiz (2036)
Philippines
July 4, 2007 1:40am CST
High Yield Investment Program (HYIP) ia a very nice-sounding name for a scam patterned after the PONZI system. Basically, PONZI means that the interest and money paid to investors are also coming from the investors themselves until such time that the system collapse due to inability to pay or due to the withdrawal of the program by the administrator of the same. I was a victim of this HYIP before and I am having a shock of my life that HYIPs are having a good comeback these days. Why is it that a lot os us are easily fooled by these programs. I am sure it the greed desire for quick bucks. Right?
1 person likes this
2 responses
lena2000
@lena2000 (2392)
• Belgium
4 Jul 07
I agree with you both; take a look at this one,is no hyip and no risk at this... http://www.TDIGOLD.com/?tdi=brent2000
1 person likes this
tombiz
@tombiz (2036)
• Philippines
5 Jul 07
How come you say there is no risk here? It is still an investment just like HYIPs but with lower interest. Please explain what you mean.
1 person likes this
FinancialFreedom
@FinancialFreedom (22)
• United States
6 Jul 07
In my opinion, it's clearly greed that drives people in "too good to be true" schemes. Why work if you can find free money on the street, right? Than add the terms "no risk", "guaranteed" and "safe" and someone gets rich fast...sadly, it won't be you but some guy that started the whole pyramid scheme.