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A high-yield investment program (HYIP) is a type of Ponzi scheme, an investment scam that promises unsustainably high return on investment by paying previous investors with the money invested by new investors. [1]
High investment returns with little or no risk. [ 14 ] [ 15 ] [ 16 ] Every investment carries some degree of risk , [ 16 ] and investments yielding higher returns typically involve more risk. Any "guaranteed" investment opportunity should be considered suspect.
In the third and the biggest Philippine Ponzi scam (involving $150 million and $250 million, respectively), criminal charges, based on a suit filed by 21,000 complainants, were filed in June 2008, with the Department of Justice, against Performance Investments Products Corp (PIPC) officers and incorporators for violation of the Securities ...
There are two questions about safety when it comes to opening a high-yield savings account: First, what is the risk that your bank will fail? Second, if your bank does fail, what is the risk to ...
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A 75-year-old Alabama grandmother, who said earlier that she became outraged when she discovered that the $1,500 in Trump Bucks she had purchased were worthless, said she, too, was happy the ...
The scam originally targeted Japanese tourists due to the high price of honeymelon (cantaloupe) in Japan. The scammer may receive upwards of $100 for "compensation". [ 40 ] [ 41 ] The scam has also been called broken glasses scam or broken bottle scam where the scammer will pretend the mark broke a pair of expensive glasses or use a bottle of ...
A pig butchering scam (in Chinese sha zhu pan [2] or shazhupan, [3] (Chinese: ĉçŞç), translated as killing pig game) [1] is a type of long-term scam and investment fraud in which the victim is gradually lured into making increasing contributions, usually in the form of cryptocurrency, to a fraudulent cryptocurrency scheme.