Another $10 gift cheque from ACOP arrived in my mailbox today. Hmm… what should I buy today? 😉 By the way, if you compare the … Read More
You've always wondered whether paid online surveys are indeed real and paying. I've already received a cheque from Global Test Market, but now here's another … Read More
Program Name: Global Test Market Program Details Get paid to answer online surveys from ACNielsen, Global Market Insite, and other reputable market research firms. Membership … Read More
Program Name: Survey Savvy Program Details Composed of 3 million members around the world, Survey Savvy is part of Luth Research, a market research leader … Read More
Program Name: ACOP Program Details Get paid for voicing out your opinions. Join ACOP's online survey panel and evaluate new products, test new advertising, or … Read More
Ever wondered why some scam programs are named “Ponzi?”
The term “Ponzi” is derived from Charles Ponzi (pic on right), an Italian immigrant, who ran his original scams in Montreal before moving to Boston, where he initially worked as a clerk.
What is an HYIP?
An HYIP (High Yield Investment Program) is an online investment program that typically offers very high returns on the capital invested. The returns are so high — sometimes reaching 100% return on investment in just one day — that most of them are obvious scams.
Majority of these schemes operate as Ponzi investments, which means profits of earlier investments are paid using money from new investors. Once new investments declined, earlier investors cannot be paid anymore and eventually the program folds up.
