Although it is virtually impossible to tell if a HYIP is a
scam until the moment when they stop paying, there are
several steps that you can take in order to minimize the
chance of being scammed. For instance, you can do a Due
Diligence (DD) check on the program. Listed below is a
guide:
Step One
Use the following whois lookup sites to find out more about
the program:
Look up IP Address Lookup Internet Service Provider (ISP)
Look up IP Address belongs to (Organization) Look up
Country Look up Continent Lookup State Look up City Look
up Latitude Look up Longitude Look up Timezone Look up
Registrant (website's registered address, contact person,
etc.)
www.seoconsultants.com/tools/whois.asp
Compare the whois information you have found from the above
with the information provided by the program owner on his
website. If you find any major discrepancies, you should be
extra cautious about the program. The program owner may be
trying to hide something from you.
Step Two
Before joining any HYIP, make sure you are comfortable with
the program and have confidence in the owner. In the event
of default by the program, you can locate and report them to
the internet fraud authorities.
Step Three
Take note of the Internet Service Provider (ISP) for the
program and to which organization its IP Address belongs to.
Record their contact information (such as email address) so
that in the event of default by the program, you can file a
complaint to the ISP against them for internet fraud. If
proven to be true, the ISP will most likely cease providing
its services to the program. This prevents the program from
cheating any more money from innocent members.
Step Four
Should you be the victim of a scam, submit details of the
website found from Step One with your electronic payment
confirmation number and send a complaint email to the
following authorities to alert them of the internet fraud:
1. Internet Fraud Coordinator: ifcc.tp@fbi.gov 2.
International Web Police: Director@Web-Police.org 3. ISP
Provider (Refer to Step One. Look for the email contact for
website abuse of the ISP Provider or the organization that
the program's IP Address belongs to and file a complaint).
4. Local authority (refer to the web registrant's station
address, search on the Internet to locate its country
authority; such as the state police or any other relevant
authorities) 5. E-gold Service (C.C. the email to the
program owner)
You can obtain more information about fraud reporting at
fraud.org.
Also don't forget to check status of your favourite HYIP
program on
HYIP
monitoring like www.thehyips.info
David Vagner is the partner of http://www.thehyips.info/ . He
teaches how to invest in HYIP area without losses.
