Is HYIP illegal?

@Skyshr (79)
Hong Kong
July 15, 2007 8:39am CST
Some HYIPs are pyramid schemes though none of the admin would admit this. In some countries, it is against the law to promote pyramid schemes. So, is investing or promoting in HYIP legal? The problem is, I would never know whether my HYIP is a pyramid scheme until it ends. All of them say they work on FOREX, hedge funds or something like that. Would I risk committing an offense when investing or promoting these HYIPs?
2 responses
imransyed
@imransyed (266)
• Pakistan
15 Jul 07
I think this is too risky that's why every one cant offord to lose. yes i am agree with you that it is illegal in some countries. and if you are talking about A3Unoin then i must say that is also scam and it will also run after some days. every HYIP is Scam. well you may visit this one. http://www.fair-earning.com
1 person likes this
blueSoul
@blueSoul (277)
• Romania
16 Jul 07
Every HYIP is scam? You are so wrong. Have you heard about A3union or online-capital? Real companies that pays for more the 6 months. Check my profile.
1 person likes this
blueSoul
@blueSoul (277)
• Romania
15 Jul 07
Like you said... HYIPs are illegal in some countries. I don't think that you can commit an offense by investing or promoting them. If you want to invest, just do it in to a real company... Check my profile.
1 person likes this
Skyshr
@Skyshr (79)
• Hong Kong
15 Jul 07
Thank you for your reply. I know A3Union and I invested some money in it. Yes it is a very good program that always pays me. But only time would prove whether they're a real company.