Digital Money World

Serious Confession of an Ex-HYIP Investor

by Benson on February 4th, 2008

I hate HYIP (High Yield Investment Programs) even though I was actively involved 2 years ago and almost got myself into deep trouble with the local authorities in Singapore. From then all, nothing good has came out of it, only strained friendships, a broken pocket and an unsound mind thinking of getting back at people who’re running those scams.

As time passed by, the thoughts has died down and it comes clear to me that we should bring message across to people who do not know what is exactly happening instead of getting back at those people which seemed nearly impossible.

Whatever that HYIP does to you and the rest of other people, let me summarise in a few pointers

• It could first get you addicted by paying you regularly on the promised time frame. You might get away with the promised duration (say 7 days 180%, bah) with the payouts in your account. You could lose everything when the cycle breaks.
• You introduce friends to the HYIPs because it’s paying good money. (And sometimes it offers referral fees too!, you make some from them, and get them involved. Some are big gamblers and places more with the ‘feel good’ factor since they have been paying regularly. BAM. The money gets sucked in and never returns. You got yourself into trouble with your friends. Friendship is affected.
• Arguing that you can beat the game by joining the programs early is the last moral thing that you could claim and do. If you make any monies from HYIPs, people who spends into them later than you will be losing their money instead. Making money out of other people’s misery? (wiki Ponzi) I’m not sure whether you can sleep at night, I sure didn’t sleep well when I realised I was involved with a scam.
• You are creating trouble for digital currencies you use that HYIPs accepts (Like e-Gold, which got themselves into trouble, Stormpay and EMOcorp (because of 12DailyPro)), and many more I can think of that might get into trouble because YOU, as a HYIP investor allow the scams to run by using them.
  No doubt again you’re giving businesses to digital currencies because of transactions but I’m pretty sure that they would rather not accept these ‘merchants’ that could potentially get their business closed by legal authorities.
• You might be feeding syndicates your money in order for them to fuel their expansions by creating more sites and more different ideas to generate more leads into their game. Just take a look at the recent Minvestment, their target audience is mainly Jamaicans. I bet if the main audiences in English runs out, they’ll channel their game into other different languages, Chinese, French, Indian. You name it, they’ll have it.As long as they have your money. They can do it.

My advice, even if you’re a successful HYIP player. STAY AWAY FROM HYIP, AND DON’T HARM ANYONE ELSE.

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