HYIP Profits

SuccessGalaxy: “We are not a Ponzi scheme.”

Being in this industry for quite some time, I was able to quickly determine what HYIP will be a scam and what will be not. These, had been a constant struggle for investors to look for the HYIPs that will aide in the success of their lives. This weakness is  the target of most scams. They lure people to invest in a short-term, high rate programs to make them invest in higher sums of money. As a result, people are scammed.

This HYIP program brought me interest. It reminded me of the 12DailyPro scam that had been popular years ago.  This scam even made its way to the news. Most of the time scams in this kind of business are not made public. Because scams are a day to day basis that an investor faces in HYIP.

12DailyPro promised people that they’ll get 12% everyday for 30 days. Come to think of it, if you invest just a small $10, it will grow to a whopping $336 in just 30 days! The program is so convincing that they had fooled thousands of its members and got large amounts of money…I mean HUGE! ($50,000,000).

As you can see, if 12% daily doesn’t survive then what about 32%?

This is what SuccessGalaxy promises. They are offering a plan that is 32% daily for 4 days and 133% daily for after 4 days. Wow! What a profitable business SuccessGalaxy may have. You see, in this kind of business, if one is planning on starting his own HYIP program one must have a real source to where will they invest their members money to earn profits. In reality, profits are not that easy to attain. A gold mine is a good example. Even if a gold mine can gain high sums of money, it is impossible for it to distribute 32% daily the profit that it gains to many people.  Imagine distributing 32% to 5000 people or more. Of course you’ll loose profit and end up bankrupted.

SuccessGalaxy says in its website that:

We are not a Ponzi scheme, because we don’t rely on new investors to pay our members. We are looking for the best possible scenario, always with our members interest in mind.

Well that does not convince me. Are you convinced?

We cannot commit the same mistake twice. Especially if our dreams collapse within the opportunist’s hands.

HYIP.com’s Side About GoldenFleeceFund

I was alarmed myself when I found out about this. Yesterday, while researching for news to put up for the day, I found this in hyip.com website:

GoldenFleeceFund(goldenfleecefund.com) Removed, NOT Recomended

I was bothered, because just recently I had a post [Feb. 8 ] about GFFs success that I got from money-news-online.com. Money-News-Online had been my source for HYIP news because the admin of MNO is always updated. Everyday he posts reviews and news  about HYIPs. What’s more, the content of hyip.com’s post is what troubles me the most.

Here’s their side of the news:

07.02.2010

GoldenFleeceFund (goldenfleecefund.com) Removed, NOT recommended

GoldenFleeceFund (goldenfleecefund.com) has now been removed from the list of monitored programs on HYIP.COM and investments in this program are NOT recommended. The two days ago introduced here bonuses for larger deposits (while on their own are a common place) combined with the administrator’s decision to seek additional promotion on Money-News-Online.com are clear indications of the fact that this program is at its critical state. Per previously issued alerts of HYIP.COM and as many people may have realized it themselves, a well defined pattern is now emerging in that only troubled program administrators are currently prompting to use “paid-a-lot–to-review” (so called) “service” of Money-News-Online.com, where highly misleading promotional tactics are used AGAINST unsuspecting investors, who are new to the field. Please, try to recover your losses (which is what it likely to become if deposited now) by placing withdrawal requests daily. HYIP.COM is now abandoning all future payouts due from GoldenFleeceFund.

To see such news from hyip.com really alarmed me. I was confused on who to trust.

But, just today I found the answer to hyip.com’s alarming news post. I found out that there had been a rivalry between the admins of money-news-online.com and hyip.com. Digging through their archives, I found out that hyip.com is the one who initiates this kind of attack and MNO had not done anything that attacks hyip.com in return but just answers hyip.com’s allegations.

That eases up my mind.

To write news about the current things that are happening, in my opinion, one must not be biased.  One must not attack other’s report about such thing. In fact, one must not care about the report of other people even if its true or not. It’s up to the readers to judge about such thing.

If you are pointing allegations be sure to have proofs. If not, you’ll be judged differently.