The letters HYIP hide the notion of a High Yield Investment Program. Are hyips helpful? While a HYIP might sound enticing, avoid hasty decisions; a lot of HYIPs are a little more than thinly disguised ponzi schemes. In such a scheme named after Charles Ponzi unusually high short-term returns are promised to lure more people to invest. First comers are paid using the money that the next generation of investors invest in the scheme. Read the rest of this entry »