What to do if you are scammed by online investment programs?

Singapore
April 22, 2012 8:49am CST
Hello, I don't know if you guys have ever heard of HYIP(high yield investment program) or not. Recently I was scammed by some hyip programs, I lost all my money. Any one knows how to get my money back? And what will you do if you are scammed? Thanks in advance.
7 responses
@marguicha (94951)
• Chile
31 Aug 12
I have been scammed many times and it´s part of the risks of working online. You don´t know who is your boss and most of the times you don´t even know if the company is in a country that will prosecute scammers. It seems that there are ways to get some of your money back if you paid through paypal, but I have never done it. I don´t invest anymore and prefer to get referrals by exchanging links.
@marguicha (94951)
• Chile
31 Aug 12
I have been scammed many times and it´s part of the risks of working online. You don´t know who is your boss and most of the times you don´t even know if the company is in a country that will prosecute scammers. It seems that there are ways to get some of your money back if you paid through paypal, but I have never done it. I don´t invest anymore and prefer to get referrals by exchanging links.
@yallit (3678)
• Philippines
22 Apr 12
You can always try to file a dispute with your payment processor. There may be a chance to recover it back so long as there's still funds on the accounts of those scammers. I just hoped you didn't use Liberty Reserve because they don't have a dispute process.
• Philippines
22 Apr 12
HYIP's are too much risky.. Lots of sites like this won't last long.. I think you should try to contact support of your payment processor and try to ask them what are the ways to get your money back.. That's the only thing you can do my friend and hopefully this will become a lesson when you're not too sure how legitimate the sites you want to invest.
• United States
22 Apr 12
That is very sad to hear. I know not to mess with this company now. I wish I knew how to tell you to get your cash back. The reader below is correct in that we have to read all the fine print when starting something new.
@owlwings (39258)
• Cambridge, England
22 Apr 12
HYIPs are notoriously risky. You will find that the Terms of all of them specifically do NOT guarantee that you will make any money or, even, that you will get back your investment. Read the small print! You are very unlikely to get your money back if they have not paid you. Consider it as the price of experience and NEVER invest more than you can afford to lose in ANYTHING, especially things which promise something which seems "too good to be true".
@suraj7nov (1737)
• India
22 Apr 12
if you invested your money by alertpay,you can file your dispute if your transaction is not older than 50 days and if from liberty reserve then you cannot file dispute