HYIP is the abbreviation for High Yield Investment Program. Are hyips helpful? While a HYIP may sound enticing, avoid hasty decisions; a lot of HYIPs are just disguised ponzi schemes. In a typical scheme of the kind named after Charles Ponzi unusually high immediate returns are promised to attract more naïve individuals to invest. First comers are paid with the money that later investors invest in the scheme. Read the rest of this entry »