Filed Under (Personal Finance) by admin on January-28-2008

The abbreviation HYIP hide such a thing as a High Yield Investment Program. Are hyip helpful? While a HYIP may sound enticing, do not rush to invest; a number of these programs are ponzi schemes in disguise. A ponzi scheme is a fraudulent enterprise where investors are tempted to invest in a program with the help of obligations of huge profits on the investment. The reimbursements are taken not from the profits, but from the money of the new invetors into the scheme. Read the rest of this entry »