• Hyipdata

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Overview

Hyipdata.com has a rating of 2 stars from 1 review, indicating that most customers are generally dissatisfied with their purchases.

How would you rate Hyipdata?
Top Critical Review

“First off, "high yield investment program" is an industry...”

Peter W.
3/18/11

First off, "high yield investment program" is an industry euphemism for Ponzi scheme. Apparently it's harder to attract suc^W investors when you call it a Ponzi scheme so for marketing purposes they had to change the name to HYIP. This is more or less what Bernie Madoff is in jail for, except that these sites are mostly looking to take you for a few hundred or thousand dollars while Bernie made off with billions from institutional investors who really should have known better. This site reviews Ponzi schemes and lists a fair number of them. Since all of the sites listed paid to be included, this should be considered an advertising site. Yet the reviews appear to be sufficiently fair and truthful that the site might be a useful reference to people interested in studying how they work and how long they make payments before their inevitable collapse. Each Ponzi scheme listed includes a table of data about return rates and payment history. Most also offer a bonus for referrals and the links to these sites include referral codes. (But if you're reading this, you won't "invest" in any of them so it doesn't really matter who gets 7% of your $0.) They also have a "report scam" button. I'm not sure what that does exactly. If it did what it should, the page would be blank, so I'm guessing sites aren't moved to the scam section until after they miss a payment. Be warned that there are a couple of irregularities in the payout ratio numbers. The review site includes the purchase of banner ads as part of the Ponzi scheme's return rate which won't apply to other investors. Also, if the Ponzi scheme is making selective payments, they might pay the reviewer before other investors.

Reviews (1)

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Thumbnail of user peterw8
8 reviews
65 helpful votes
March 18th, 2011

First off, "high yield investment program" is an industry euphemism for Ponzi scheme. Apparently it's harder to attract suc^W investors when you call it a Ponzi scheme so for marketing purposes they had to change the name to HYIP. This is more or less what Bernie Madoff is in jail for, except that these sites are mostly looking to take you for a few hundred or thousand dollars while Bernie made off with billions from institutional investors who really should have known better.

This site reviews Ponzi schemes and lists a fair number of them. Since all of the sites listed paid to be included, this should be considered an advertising site. Yet the reviews appear to be sufficiently fair and truthful that the site might be a useful reference to people interested in studying how they work and how long they make payments before their inevitable collapse.

Each Ponzi scheme listed includes a table of data about return rates and payment history. Most also offer a bonus for referrals and the links to these sites include referral codes. (But if you're reading this, you won't "invest" in any of them so it doesn't really matter who gets 7% of your $0.) They also have a "report scam" button. I'm not sure what that does exactly. If it did what it should, the page would be blank, so I'm guessing sites aren't moved to the scam section until after they miss a payment.

Be warned that there are a couple of irregularities in the payout ratio numbers. The review site includes the purchase of banner ads as part of the Ponzi scheme's return rate which won't apply to other investors. Also, if the Ponzi scheme is making selective payments, they might pay the reviewer before other investors.

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