HYIP stands for High Yield Investment Program. Are hyip going to make you rich? It is easy to be tempted by abnormal interest rates, but you should beware; a number of these programs are ponzi schemes or machinations. A ponzi scheme is a system by which investors are enticed to invest in a program with the help of obligations of huge profits on the investment. Early investors are reimbursed with the money that later investors bring into the scheme. (more…)