What is SCAM stands for?

January 24, 2007 1:27am CST
On HYIP there always SCAM insight..what is SCAM is stand for?
1 response
• India
26 Jan 07
When some online company tends to cheat you of your valuable money by promising fake incentives, then this is known as a scam. This is the case with many new HYIPs who collect money from a number of users by promising them unrealistically high interest and close down their websites putting the users to great losses. Also, there are lottery and bank scams which promise you winning lotteries and bank deposits and require you to deposit some money for sending these prizes to you. They are all fake and big scams!!