A high yield investment program (HYIP) is a type of Ponzi scheme, an investment scam that promises unsustainably high return on investment by paying previous investors with the money invested by new investors.
HYIP website offering an "investment program" which promises very high returns, such as 1% per day (3778% APY when returns are compounded every day), disclosing little or no detail about the underlying management, location, or other aspects of how money is to be invested. The fraud artists … seek to mislead investors by suggesting that well regarded and financially sound institutions participate in these bogus programs. Con artists behind HYIPs are experts at using social media to lure investors and create the illusion of social consensus that these investments are legitimate.
A hyip is an illegal plan for making money, especially one that involves tricking people. It is a how to make money fast or how to make money online idea. It is not like Forex or Adsense, but more short term and with very high risk!
A Ponzi scheme is a fraudulent investment operation where the operator generates returns for older investors through revenue paid by new investors, rather than from legitimate business activities or profit of financial trading. Operators of Ponzi schemes can be either individuals or corporations, and grab the attention of new investors by offering short-term returns that are either abnormally high or unusually consistent.
Companies that engage in Ponzi schemes focus all of their energy into attracting new clients to make investments. Ponzi schemes rely on a constant flow of new investments to continue to provide returns to older investors. When this flow runs out, the scheme falls apart.
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