HYIP stands for High Yield Investment Program. Are hyip helpful? It is easy to get carried away by high interest rates, but you should beware; many HYIPs are a little more than thinly disguised ponzi schemes. A ponzi scheme is a fraudulent enterprise where investors are tempted to invest in a program by obligations of huge profits on the investment. The payoffs are taken not from the profits, but from the money of the new invetors into the scheme. Read the rest of this entry »