Comments on: HYIP = Ponzi Scheme = Scam

By: Mysteries of the Mind

Mysteries of the Mind — Tue, 10 Apr 2007 20:10:37 +0000

Do not invest in HYIP with Alex Merklinger of Rowe New Mexico. He runs a ponzi sheme that doops investors of hundreds of thousands of dollars. He is at large now however the FBI will be arresting him soon after he is sued in District court in Colorado. This person is considered a menice to your bank account. He even admits to stealing the money.

By: Andrew

Andrew — Tue, 09 May 2006 20:41:19 +0000

The classical pyramid scheme seems to continue to lure people into losing their money. The scheme comes in all shapes and sizes but the bottom line is, if they are not selling a product or service then run away. Greed is nasty for the scammers and the scammed.

By: saving advice

saving advice — Mon, 08 May 2006 04:45:05 +0000

I get spammed these in my forums constantly and then the people spamming them will argue haow they got paid so it must be legitimate. A constant battle that doesN7t look like it will be ending soon

By: Personal Finance Blogger

Personal Finance Blogger — Sat, 06 May 2006 21:56:22 +0000

I am constantly amazed that these scams continue to be successful (for the scammers, not the participants). Behold the power of greed…

By: traineeinvestor

traineeinvestor — Sat, 06 May 2006 15:05:28 +0000

Scams abound. The old saying “if it sounds too good to be true, it probably is” is a very good yardstick for evaluating any investment “opportunity”. One of my pet hates is investments that offer a capital or income guarantee – in many cases the “guarantee” is used to artifically inflate the price you pay for theinvestment.

If you want a good read, Mitchell Zuckoff’s book “Ponzi’s Scheme” is quite entertaining and gives a bit of colour to one of history’s better known con artists.