I had joined hyip since nov.2006, the problem is I cant make any withdrawal. Always pending. Why? It is scam.?

Question

Can I name that hyip? I put quite a lot inside there, coz during that time Im still new in internet biz. Poor me. Enjoymentinvestment.com thats it.

Answer 1

Yes it's a scam, but perhaps not in the way you'd think.

Enjoyment Investments is clearly non-sense, it offers up to 1000% returns in a single day and claims its a long term high yield loan program, backed by trading on the Forex.
That doesn't actually make any sense, you're not going to be able to back up a loan portfolio with currency futures. It would also be illegal to loan money at rates they are suggesting.

But beyond the non-sense of that site itself, the real problem is in the site you use to get there. In order to 'invest' in Enjoyment Investments, you had to give them 'E-gold' not money.
So you didn't invest any money into them at all, so they arn't going to be liable for anything. If you fought them to withdraw, you'd probably see them make your withdrawl back to e-gold like it says.

But, now go take a look at e-gold.
The basic plan is, You give them real money, they give you fake money.
Not only does e-gold say that e-gold is backed only by actual gold, but they garauntee you that it will never move and that no currency will even be associated with your account.

In other words, their terms tell you, several times, that they will Never ever pay you back any money in any currency and will never give you gold either.
They actually empathically promise you that you can never get your money back, and they make that sound like a good thing.

"The e-gold system is designed to be absolutely free of any financial risk. There can be no debt or contingent liabilities associated with e-gold. For this reason, e-gold Ltd. does not possess any national currency of any nation and has no bank accounts. Thus, e-gold Ltd. is not able to offer currency exchange services. Instead, a growing number of independent exchange services around the world support exchange between national currencies and e-gold, accepting various remittance methods, including credit cards, bank wires, checks, money orders, and other online payment systems."

No debt or contingent liabilities... Deposits are a liability on the balance sheets of all financial companies, therefore they are telling you, quite plainly.."We will never owe you back your money ever"

So Enjoyment Investments can show your account rising or do whatever they want, they arn't investing anything, they're just increasing your 'e-currency' then E-gold actually promised you they'd never give you your money back.

Now they do say you can redeem e-gold for real money at places like Omnipay (owned by e-gold)
But go to that site, and click withdrawl. They'll now tell you withdrawls are temporarily suspended because of of US legal action against them, since of course the entire thing is fraud and essentially a complex money laundering scheme.

http://www.usdoj.gov/opa/pr/2007/April/07_crm_301.html

So the entire neat thing about it is it's not technically fraud at all because they told you completly and honestly that you're buying fake money and you can never have it back unless someone else agrees to pay you for it for some reason.

It would be the same as a company selling online money from a computer game, which people do in exchange for real money. It has no currency value and no one owes you anything.
E-gold isn't any more real than 'World of Warcraft gold'

So yeah, You're screwed and they told you you were before hand.

Answer 2

A High Yield Investment Program, or HYIP, is a type of pyramid scheme normally offered via the Internet. HYIPs typically accept deposits as low as $1 while promising astoundingly high returns.

Online High Yield Invetment Program rarely last for the long term. Overwhelming number of cases suggest that HYIPs are Ponzi 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).

The introduction of e-currencies has made it possible for a High Yield Investment Program to operate on the internet and cross international boundaries, and to accept large numbers of small investments. A High Yield Investment Program usually accept deposits by either e-currency, like e-gold, e-bullion and INTGold, or use specialist third party payment processors like AlertPay, SolidTrustPay, CEPTrust, TriStarMoneyChangers and StormPay. HYIPs typically offer a significant incentive commission (for example, 9% of invested funds) for members to attract and refer new investors.

A High Yield Investmet Program discloses little or no detail about the underlying management, location, or other aspects of how money is to be invested, and relatively little information (other than asserting that they do various types of trading on various stock and other exchanges) on how they actually generate the returns they purport. They are sometimes presented with some form of an emotional appeal, appeals for faith, and promises that they will help investors achieve financial freedom.

Answer 3

Consider the amount you put in a tuition payment. You have now learned that anything that looks too good to be true, probably is. Your first clue is a silly interest rate of 1000%. The second is the text that was clearly written by someone who uses English as a second language.

Live and learn!!!!

Answer 4

Most, if not all, high yield investment programs are scams. Probably, including the one you "invested" in. They are large pyramid schemes.

Your "balance" is only a number on a screen. Your money is probably long gone.

The website itself is very poorly written and they have no "Contact Us" section. Both of these items tell me that it is a scam.