A High Yield Investment Program( HYIP) is a type of investment scheme
normally offered via the Internet payment
processor typically accept deposits as low as $10 through e-payment system.
while promising astoundingly high returns. Online HYIP schemes rarely last
for the long term. Overwhelming number of cases suggest that HYIPs are
Ponz schemes,in which new investors provide the cash to pay a profit to
existing investors, which they typically then withdraw. This approach allows
the scam to continue as long as new investors are found and/or old investors
leave their money in the scheme,known as compounding (because even
higher profits are promised).
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