Has anyone ever heard of Golden Invest?

Philippines
June 7, 2008 5:03am CST
This morning I got an invitation from my sister to join Golden Invest, which is an online investment group. My sister and I are both pretty new to this kind of stuff but since the minimum investment is only $1.00, just like my sis, I decided to give it a try. Any info will be highly appreciated. Thank you.
1 response
@jwfarrimond (4475)
9 Jun 08
This is a HYIP (High Yeald Investment Program) There are a lot of them on the internet and they come and go very quickly. There is no way that they can earn enough from the invested money to pay everyone that interest rate for very long. Sooner or later (and probably sooner) the site will vanish with all the invested money. In short: SCAM!
• Philippines
9 Jun 08
Ah so that's what HYIP stands for. Well, I have to agree that it might be probably gone sooner. As what the program says, it's gonna be a 15% daily for 10, 12, 15 days - that's way too high interest rate for an investment. Anyway, thanks for the reply.