Foreign exchange forex and high yield investment program hyip fraud - BinarybinderyCom
Foreign exchange forex and high yield investment program hyip fraud

Jump to navigation Jump to search This article is about a particular type of investment fraud. Ponzi scheme, an foreign exchange forex and high yield investment program hyip fraud scam that promises unsustainably high return on investment by paying previous investors with the money invested by new investors.

Though Ponzi schemes have existed since at least the early 1900s, the rise of digital payment systems has made it much easier for operators of such websites to accept payments from people worldwide. Electronic money systems are generally accepted by HYIP operators because they are more accessible to operators than traditional merchant accounts. Some HYIPs have incorporated in countries with lax fraud laws to secure immunity from investor laws in other countries. The operators have been known to host their website with a web host that offers “anonymous hosting”. They use this website to accept transactions from participants in the scheme. Some investors try to make money by attempting to invest in HYIPs at an early enough stage to create a return, and then by cashing out before the scheme collapses to profit at the expense of the later entrants.

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