Most HYIP veterans know to well the tell tale signs of an impending scam. However, while they generally may not be able to prevent a HYIP from scamming, they know very well not to add fresh funds, and they generally make attempts to withdraw as much and as often as possible. However, for the benefit of those who may be new to the tricky world of HYIP investment, below are some of the red flags that indicate that a HYIP is about to scam. This is by no means an exhaustive and they are listed in no particular order of importance.
1. Vanishing Features of a HYIP
One of the greatest asset of a HYIP is confidence. A HYIP with certain features like Green-bar SSL, identity assurance, Anti-DDOS etc tend to exude investors confidence. The moment any or all of these features disappear for any reason, including maintenance, change of server, etc one should begin to worry about impending scam.
2. Login Challenges
I have rarely seen a HYIP with serious login challenges lasting quite long. The most likely reason for such challenges may be that the HYIP admin is running the site using bare-bone resources, as he wouldn’t like to invest so much on a ‘temporarily’ program. For all you know, it might be a laptop servers, with thousands of investors scrambling to connect and creating partial denial of service with their attempts.
3. Delayed Payement
This perhaps is one of the oldest tricks in the book. A HYIP admin seeking to maximize his loot from a HYIP scam may pay a few investors (usually monitors) while keeping the bulk of the investors waiting, and at the same time accept fresh fund. The waiting period avails the admin the opportunity to make more money in the event of scam. When payments are delayed, the best course of action to take is to avoid adding fresh fund.
4. New and ‘exciting short term plans’
Perhaps what I failed to add to the title is that this new plan are often introduced when a HYIP is about to come to the end of a cycle especially in Long Term HYIPs which promise to refund initial capital. Obviously the plan here is not to refund the initial investment, while taking more money from gullible new investors who have been promised mouth-watering returns in a very short term. Essentially, the approaching end of a cycle of HYIP plan which promises to refund initial capital is a time for great apprehension; it is the time not to add fresh fund.
5. Change of Ownership
When a HYIP change ownership and name, one should be very careful trusting the new owners to live up to the billing of the old. It is possible the old owner wants to protect his or herself against prosecution, protect an image etc hence the need to sell of a HYIP. At this time trusting the new owners must be done with absolute skepticism.
There are many more tell tale signs of impending scam. It is very important therefore that one visits forums and do simple search on the health of the HYIP before parting with fund. Lucky HYIPing!
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