Is it legal to run a HYIP in the U.S.?

March 18, 2010 Brian 3 comments

Theoretically speaking, if someone had some sort of program that could produce better than average returns, and it was legitimate, could they run a HYIP in the U.S. legally?

HYIP Artical HYIP, legal, U.S.

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Written by mason pearson about 2 years ago.

Legitimate is the key word. Most (all I have ever seen) and nothing more than Ponzi schemes.

Almost all Mutual Funds have a high yield fund, that seeks high yield with higher risk securities.

I like looking at scams and I have seen several, some even advertised here.. chuckle.

If you want to look at some just do a google search for HYIP BUT if you visit the site make sure your sheilds are up and up to date. Spyware and malware is everywhere… be careful.
Written by Net Advisor about 2 years ago.

“A High-Yield Investment Program (HYIP) is a type of scam. At one time, it was used to refer to an investment program which may have offered a high return on investment. The term “HYIP” was abused by the operators of scams to camouflage their scams as legitimate investments. Due to this overuse by the operators, HYIP has become synonymous with scam or Ponzi scheme.”

http://en.wikipedia.org/wiki/High_Yield_Investment_Program

Investment scams, ponzi schemes are illegal in pretty much every country in the world. In the USA they are classified as a felony.
Written by A nobody about 2 years ago.

Yes, the program is legal and can be used.
HOWEVER, it depends on how you intend to use, if it’s for you or your friends, go for it

If you plan on leasing it, just be careful with the disclosures.

If you plan on using the program and solicit the general public, you will have legal problems

A HYIP has a bad reputation, here in the US and rightfully so,

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Is it legal to run a HYIP in the U.S.?

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