Is Max-Dollar a scam HYIP?
By tulipstrader
@tulipstrader (1467)
India
February 22, 2010 11:19pm CST
A few days ago while browsing through a forum I saw HYIP promising very high rate of returns with few minutes to few hours. They claim themselves to be private investors and is not governed by any regulated bodies.
Their terms and conditions are really vague and one cannot get any kind of help from them if something goes wrong.
If you look at the retrns they promise, it gives a feeling of sure Scam. 525% in a minute after investing, 3750% after 30 minutes and 9860% after 6 hours.
The minimum investment is $5 and maximum $5000. Their referral programs give 25% of the deposits made as commission.
Many HYIP monitors are showing them as 'PAYING'. I saw in one of the HYIP monitor, a comment by a person who said his mails to the support team is yet to be answered regarding payment. Rest of the votes given there claims prompt payment. I feel probably those who votes 'Postive' must be from the admin staff or their cronies to build up a posotive image and scam the public. Also the role of the HYIP monitors in this is suspect as they might have received ad money for their sites to keep mum.
5 responses
@tulipstrader (1467)
• India
24 Feb 10
there are many ways to make money online. choose the one that you like. but be careful as to when you commit money. just like the one now we are discussing here which is a scam from the word go.
@Haribol (80)
• India
23 Feb 10
I cant understand why people register in scam site before registering they know that it will be scam,max-dollar is a scam site no one can give 3750$ after 30min its waste of investment and time or u can use geniusfunds its trusted site in hyip online since 2years.
@tulipstrader (1467)
• India
23 Feb 10
its true that many have registered there and lost money. but it is also our duty to warn others not to risk their money there. everybody knows that no one can earn thousands of dollars in a minute by investing a couple of dollars.
genius funds is a good fund and paying. one can invest in hyifund, the wellingtonfund, both of which also pays.
Thank you for participating in the discussion.
@josechukkiri (3014)
• India
23 Feb 10
Keep away from HYIP sites those who are offering Unbelievable amount of profit. It is impossible to fulfill such offers.The intention of the site owners is cheating the public.At the same time there are many genuine HYIP sites who keeps their promises.
@tulipstrader (1467)
• India
23 Feb 10
you are right. those offering high rates will definitely cheat. as these returns are not achievable consistently for even a short period of time.
I personally have been staying invested in a few good HYIPs for about 5 months and is happy with their returns and timely payments.
my intention to bring the topic of max-dollar here was to expose them and the HYIP Monitors who support them and mislead the new comers to HYIP investments. if one reads the terms of the max-dollar you will know that they are a bunch of scum who will do nothing but cheat.
@monouu (2606)
• Singapore
23 Feb 10
If it is too good to be true, it must be unreal. Even if it paid now it may just collapse the next day. As for HYIP monitors, I don't really trust them, some admins can be dishonest and can rate a site high just because it paid them. While those scam HYIP sites can buy positive votes in honest HYIP monitors too, therefore if they can't buy off the admins, they can just buy off voters.
@tulipstrader (1467)
• India
23 Feb 10
Some admins are down right dishonest when it comes to reporting. here is the list of monitoring sites that are promoting this site.
1.http://hyips.cc
2.http://hyipfamily.com
3.http://altermonitor.com
4.http://hyip-premium.com
5.http://serialhyip.com
6.http://talk4hyip.com
7.http://hyipdad.com
8.http://hyiphotlister.com
9.http://guardian-invest.com
10.http://girlhyip.com
11.http://hyipview.com
12.http://hyiping.net
13.http://www.paidorscam.com
these monitoring sites seem to be on the rolls of the max-dollar scamsters. so its time people watch out and take advise from the right monitoring sites.
i have seen in a few forums also some discussions. many have either closed the thread on max-dollar or simply it did not find any takers. in one forum i found few of posting payouts which are in a few cents to a couple of dollars. either way max-dollar seems to have hired lots of people to run the scam.
@Suneel1234 (103)
• India
23 Feb 10
Of course, its a sure scam. The percentage that they claim to pay are impossible and i also suspect that they would be accepting only Liberty reserve as the payment processor so that you can't get your money back in any case.
If you are looking for a trusted hyip then you can visit my profile and see the banner at the bottom. This site has reasonable plans and has been paying for more than 72 days.
@tulipstrader (1467)
• India
23 Feb 10
its true that they are using Liberty Reserve particularly for the simple reason you cannot ask it back if something goes wrong. I do invest in HYIPs that have proved their trustworthiness and have invested in a few of them and is enjoying the fruits of it for the last 5 months.
Thank you for responding to the discussion and sharing your views.
