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What else can I help you with?
Which are the most trustworthy hyip schemes?
There are no trustworthy hyip schemes. For example, Zeek was a totally scam getting money from innocent people who just wanted to invest and get more money.
What is hyip?
A HYIP is a High Yield Investment Program, like a secret bank or financial network. It is an investment scam that promises an unsustainably high return on investment by paying previous investors with the money invested by newcomers. You can get more details from: http://www.investmentchatclub.com
What are high yield investment programs?
A High Yield Invest Program, also known as HYIP, is a "company" which offers you investments with very high returns. Most of the time it are websites.They are very easy to recognize. By offering ridiculous high returns from 10-2000% of your investment daily they try to make you invest in them. They are practically always ponzi schemes, which means that they don't invest your money but they pay you with the money they get from other investors. After 1 to 12 months the HYIP closes and the owners run away with your money. If you are lucky you can get some profit out of it, but it is practically the same as gambling.Although it is generally believed that all HYIP's are scams, that fact can also be discussed. About six months ago, a new HYIP has been launched which is potentially not a ponzi. They claim to invest in foreign exchange trading and seem to be doing that too.Investing in an HYIP isn't illegal, but most countries have laws against promoting ponzi's which means you can't legally promote them.When investing into an HYIP you always need to remember the golden rule: "Never invest more than you can afford to lose". Which of course is just the same as with gambling.
Is hyip legal?
High Yield Investment Programs (HYIPs) can be legal, but many operate as scams. It's important to thoroughly research any HYIP before investing, as there are high risks involved due to the lack of regulation and transparency in this industry. Investors are advised to be cautious and skeptical of promises of high returns with little to no risk.
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