are all hyips a scam?

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are all hyips a scam?

2007-07-28 02:13:41 · 3 answers · asked by theyafoz 1 in Business & Finance ➔ Personal Finance

3 answers

These "High Yield Investment Programs" (HYIP) are scams. I have never heard of a legitimate one. The US Treasury department considers the phrase "high yield investment program" a red flag that you are probably dealing with a scam.

http://www.quatloos.com/hyip.php
http://www.publicdebt.treas.gov/cc/ccphony9.htm

2007-07-28 04:37:30 · answer #1 · answered by BIll Q 6 · 0⤊ 0⤋

IF there are any that are not scams (which i doubt), the effort required to sort them out from the scams would be better spent EARNING the money.

2007-07-28 12:31:17 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋

I've never seen one that wasn't!

2007-07-28 11:06:44 · answer #3 · answered by Wayne Z 7 · 1⤊ 0⤋