Forex high yield investment program
According to a lawsuit filed in U. Paul Burks ran Zeek Rewards, an investment opportunity that promised investors returns by sharing in the profits of Zeekler, a penny auction website. Con artists Confidence tricks Criminal enterprises, gangs and syndicates Email scams Impostors In the media Film and television Literature Ponzi schemes.
Con artists Confidence tricks Criminal enterprises, gangs and syndicates Email scams Impostors In the media Film and television Literature Ponzi schemes. For legitimate high-yield investments, see yield finance and high-yield debt. The higher the initial investment, the higher the returns appeared. According to a lawsuit filed in U.
This article is about a particular type of investment fraud. The operators have been known to host their website with a web host that offers "anonymous hosting". Retrieved from " https: Investors were encouraged forex high yield investment program let their gains compound and to recruit new members into a "forced matrix" to increase their returns. StormPay started in the same way inbut it remained in business even after the HYIP that it was created to serve was shut down by the State of Tennessee.
Some investors try to make money by attempting to invest forex high yield investment program 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. OSGold was founded as an e-gold imitator in by David Reed and folded in Though Ponzi schemes have existed since at least the early s, the rise of digital payment systems has made it much easier for operators of such websites to accept payments from people worldwide. Securities and Exchange Commission SEC has said that "these fraudulent schemes involve the purported issuance, trading, or use of so-called 'prime' bank, 'prime' European bank or 'prime' world bank financial instruments, or forex high yield investment program 'high yield investment programs. According to a lawsuit filed in U.