Luckily I didn't invest in Genius fund
By kingparker
@kingparker (9673)
United States
April 2, 2010 3:28pm CST
2 months, I was hesitating about whether I should invest some of my online earnings in Genius Funds, one of the well - known, and has high - rating on customer report. Because it doesn't accept paypal that time, only reserve fund. I couldn't invest in it. 2 months later, I learned that Genius fund was down, and it no longer paying to its investors anymore. Many people losing money, some even $100. What can I say, luckily, I didn't make that investment.
4 responses
@drkraven (521)
• Romania
2 Apr 10
no hyip accepts Paypal... actually maybe they would but paypal closes any account related to this sort of ponzy thinghie... about GF yep lots of ppl lost lots of money with the recent closing but also lots of ppl made lots of money in the long years it was up, running and paying.
@pierone (1894)
• Italy
3 Apr 10
They accept alertpay ;)
But the minimum amount to invest via alertpay was $50, that's why I'm not one of the investors that lose their money there ;)
And, sad to say, some investors lose thousands dollars, not only $100.
I guess investing so much money in an HYIP is something crazy. I treat HYIPs like gambling, so I never invest more than $10.
Actually I invested into HYIFund, wishing they will don't turn into a scam for the next few months. For now, seems they are paying, but you know, and geniusfunds should have teached us all, any HYIP can became a scam at anytime. Keep this always in mind when you "bet" on an HYIP, no matter if actually is reported as the most trustable one (as genius funds was reported), they can vanish in minutes!
@artguy (1474)
• United States
2 Apr 10
I keep telling people not to invest in HYIPs because they are all ponzie schemes. When investors stop putting money in they can't pay. These places don't really make investments like they claim. They use money invested by new investors to pay older investors until the investments stop coming in and you don't know when that is going to happen.
@atv818 (1980)
• United Arab Emirates
2 Apr 10
Wow! It's a good thing I didn't have money to invest in the first place. Otherwise, I would have been tempted to do so. That's the reason why I don't invest, even with rented referrals for fear that the site might disappear in the blink of an eye. I only do so with sites that had paid me. Oh well, the search is still on for sites that pay well.
