Question about HYIP

Discussion in 'Legal Issues' started by shinichijn, Jan 12, 2009.

  1. #1
    Hello,
    I just want to know if the HYIP website is legal? My friend tell me it's illegal.I know run HYIP problem and website is illegal in USA ,but If I join the website as a member to earn money ,it will be legal or illegal?When FBI or polile catch the website owner ,we(website member) will be catched too?
    Thanks
    Chris
     
    shinichijn, Jan 12, 2009 IP
  2. topearn

    topearn Peon

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    #2
    You are worrying too much. The authorities will only go after those really big HYIPs that have hundreds of thosands of members and where hundred of millions of USD$ has been deposited by the members. There are thousands of HYIP programs around with new sites coming up daily. The authorities will not have the time nor the energy to go after them.
     
    topearn, Jan 12, 2009 IP
  3. Seqqa

    Seqqa Well-Known Member

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    #3
    Only if it's being runned as a ponzi scheme, if the investments are being traded into securites then no it's not.
     
    Seqqa, Jan 14, 2009 IP