ICFO Archive: HYIP Ponzi Schemes [Video]

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ICFO Archive of HYIP Ponzi Schemes

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Genius Funds permanently banned for illegally selling securities  http://www.bcsc.bc.ca/News/News_Releases/2010/18_Genius_Funds_permanently_banned_for_illegally_selling_securities/
Oil Rig Contractors HYIP Attracts $6 Million Investment  http://airherald.com/oil-rig-contractors-hyip-attracts-6-million-investment/933/
Bitcoin-Trader Goes Rogue – HYIP Exposed  https://www.cryptocoinsnews.com/bitcoin-trader-goes-rogue-hyip-exposed/
FBI: Genesis Acquisitions International part of a $50M Ponzi  http://behindmlm.com/companies/fbi-genesis-acquisitions-international-part-of-a-50m-ponzi/
More people come forward in FBI investigation of local pyramid scheme William Apostelos and three others allegedly stole ‘north of $50 million’ from Miami Valley investors including cops, doctors, and businesses  http://www.daytondailynews.com/news/news/fbi-couple-bilked-area-investors-out-of-millions/nhxWQ/
Antisocial media! SEC censures FX HYIP operators who exploited investors via Facebook, YouTube, and Twitter  https://leaprate.com/2014/11/antisocial-media-sec-censures-fx-hyip-operators-who-exploited-investors-via-facebook-youtube-and-twitter/
How Not To Get Stung By High-Yield Programs http://www.forbes.com/sites/johnwasik/2014/11/21/how-not-to-get-stung-by-high-yield-programs/#7d063c5b2545
Pathway to Prosperity” RESIDENT OF THE PHILIPPINES CHARGED BY CRIMINAL COMPLAINT WITH NUMEROUS FRAUD OFFENSES  https://www.justice.gov/sites/default/files/usao-sdil/legacy/2014/12/10/Smirnow%20Press%20Release.pdf
Links to HYIP scams: Bitcoin exchange Bitmarket.pl has bank account suspended http://siliconangle.com/blog/2015/02/02/links-to-hyip-scams-bitcoin-exchange-bitmarket-pl-has-bank-account-suspended/
OSC warns regarding Forex HYIP scheme promising $20,000 return for $100 investment https://leaprate.com/2015/07/osc-warns-regarding-forex-hyip-scheme-promising-20000-return-for-100-investment/
Convicted Russian fraudster launches a financial scheme in SA Sergei Mavrodi is at it again with MMM. http://www.moneyweb.co.za/in-depth/investigations/convicted-russian-fraudster-launches-financial-scheme-in-sa/
Swiss FINMA adds Sony Online Investment to warning list  https://leaprate.com/2015/08/swiss-finma-adds-sony-online-investment-to-warning-list/
MMM Ponzi scam may be the main reason behind Bitcoin price fluctuations http://siliconangle.com/blog/2015/11/06/mmm-ponzi-scheme-may-be-main-reason-behind-bitcoin-price-fluctuations/
pw Is Another Bitcoin HYIP Ponzi Scheme  http://bitcoinist.net/doublecloud-pw-is-another-bitcoin-hyip-ponzi-scheme/
2015 was another colorful year in Bitcoin failures, scams and arrests | #yearinreview http://siliconangle.com/blog/2015/12/30/2015-was-another-colorful-year-in-bitcoin-failures-scams-and-arrests-yearinreview/
Russian ‘Ponzi scheme’ raises fraud flags at SA bank http://businesstech.co.za/news/banking/109899/russian-ponzi-scheme-raises-fraud-flags-at-sa-bank/
HYIP scheme architect gets $1.12 million a penalty in Quebec  https://leaprate.com/2016/02/hyip-scheme-architect-gets-1-12-million-penalty-in-quebec/
New Bitcoin Doubler Is An Obvious HYIP Ponzi  http://themerkle.com/new-bitcoin-doubler-is-an-obvious-hyip-ponzi/
ru Bitcoin Cloud Mining Review  http://themerkle.com/hashon-ru-bitcoin-cloud-mining-review/
EtherDoubler Is An Ethereum HYIP Using Smart Contracts  http://themerkle.com/etherdoubler-is-an-ethereum-hyip-using-smart-contracts/
Everything you need to know about the MMM Bitcoin scam http://siliconangle.com/blog/2016/02/29/everything-you-need-to-know-about-the-mmm-bitcoin-scam/
Next BTC Scam Wants You: What Makes People Fall Into Financial Traps http://cointelegraph.com/news/next-btc-scam-wants-you
Bitcoin scammer Tadas Kasputis has reappeared at alleged scam payment service MoneyPolo http://siliconangle.com/blog/2016/03/15/bitcoin-scammer-tadas-kasputis-has-reappeared-at-alleged-scam-payment-service-moneypolo/
MMM Global Closes Republic of Bitcoin, an Alleged Ponzi Scheme https://www.cryptocoinsnews.com/mmm-global-closes-republic-of-bitcoin-an-alleged-ponzi-scheme/
Costa Rica Liberty Reserve Founder Sentenced to 20 Years in Prison  http://news.co.cr/costa-rica-liberty-reserve-founder-sentenced-to-20-years-in-prison/47159/
Bitcoin Scam Risk Warning – Bit Minister  http://themerkle.com/bitcoin-scam-risk-warning-bit-minister/
An Anatomy of Bitcoin Ponzis  https://cointelegraph.com/news/an-anatomy-of-bitcoin-ponzis
HYIP info  http://easyearnforlife.blogspot.my/2014/07/hyip-info.html
Bitcoin Scam Site Warning – Coince  http://themerkle.com/bitcoin-scam-site-warning-coince/
Bitcoin Scam Site Warning – Angel Wealth  http://themerkle.com/bitcoin-scam-site-warning-angel-wealth/
Bitcoin Scam Site Warning – Forex Work  http://themerkle.com/bitcoin-scam-site-warning-forex-work/
OSC warns regarding Forex HYIP scheme promising $20,000 return for $100 investment https://www.leaprate.com/2015/07/osc-warns-regarding-forex-hyip-scheme-promising-20000-return-for-100-investment/

What are HYIPs?

Have you ever seen an ad on the Internet or a posting on a social media site promising too-good-to-be-true rates of return in short periods of time? Then you may have encountered an advertisement for a high-yield investment program, sometimes referred to as an HYIP.
HYIPs are Ponzi schemes sold by unlicensed individuals. In the past, con artists relied on word of mouth to lure investors into these investments. Now they rely on the Internet and social media buzz to quickly popularize their schemes before the fraud is discovered.
The most notable characteristics of HYIPs are the promise of very high returns at little or no risk to the investor and the paying of referral fees to current investors for bringing in new investors. In this way, HYIPs blend elements of both Ponzi and traditional pyramid schemes into one scheme that can spread faster than ever before.
In one recent HYIP, the company offered memberships that purported to provide investors with up to a 60 percent profit in 100 days. In less than a year, the company took in more than $10 million from investors. The company relied on Biblical themes and the promise of high profits to lure unsuspecting investors. All investors’ proceeds were lost.

How to Recognized an HYIP Scam

  • The promise of high daily, weekly or monthly returns.
  • An offer from the company to pay “referral fees” to investors for bringing in additional investors.
  • The use of social media to spread the word and praise the program.
  • The promoter provides very few details about who runs the company and how profits are generated.
  • The promoter may require that the investor open an e-currency account to invest. E-currency accounts are not licensed as a money transmitter. (See NASAA’s Virtual Currency Advisory.)

How to Protect Yourself

  • Be sure to check with your securities regulator before investing. Most of these schemes are unregistered investments. Also, these schemes may involve international operations, which means it may be very hard, if not impossible, to get your money back.
  • Do not blindly trust an investment just because your friends or family are involved or if it relates to your religious affiliation.
  • Ask questions about how the returns will be made and who the company officers are. If these questions cannot be answered to your satisfaction, then do not invest.
  • Do not trust the investment just because you receive early returns. Remember that is how they rope you in and get you to recruit your friends.
  • Be wary of the “get in early and get out fast” recommendation. Many HYIPs advertise that one way to make profits fast is to invest early then get out early, but you never really know when the scheme is going to stop.

The Bottom Line

It pays to do your homework before you invest in any investment opportunity. If you have any questions about high-yield investment programs, contact your state or provincial securities regulator. Contact information is available on the website of the North American Securities Administrators Association, here.

Informed Investor Advisory: HYIPs

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Founder, The Internet Crime Fighters Org [ICFO], and Sponsor, ICFO's War On Crimes Against Our Children Author The Internet Users Handbook, 2009-2014
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