With interest rates on safe investments running anywhere from 0.01% to 1.5% a year, you donâ??t have to be a securities regulator to know that any investment offering 1.5% to 2.1% interest a day might be a scam.
Indeed, the world of high-yield investment programs (HYIP) â?? a shady underbelly of the financial world that even the regular, willing participants acknowledge is rife with pyramid and Ponzi schemes â?? is one where regulators seldom spend much time or effort, noting that the cases are hard to prosecute.
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