HYIP stands for High Yield Investment Program. Are hyip any good? It is easy to get carried away by huge interest rates, but you should beware; many HYIPs are just disguised ponzi schemes. In such a scheme named after Charles Ponzi untypically high immediate profits are promised to make more naïve individuals to invest. The reimbursements are made not from the profits, but from the cash newcomers bring into the scheme. Read the rest of this entry »