Tech Philadelphia

HYIP - High Yield Investment Programs.

January 28th, 2008

HYIP is the abbreviation for High Yield Investment Program. Are hyips suicidal? While a HYIP might attract you with big profits, avoid hasty decisions; a lot of HYIPs are a little more than thinly disguised ponzi schemes. In a typical scheme of the kind named after Charles Ponzi untypically high short-term profits are promised to make more people to invest. Early investors are paid with the money that later investors invest in the scheme. Read the rest of this entry »

Posted in Banking and Money | No Comments »


© 2008 Tech Philadelphia