Philip Reitcheck | greentrees

July 2013 HYIP Fraud Report

Jul 11th 2013 at 11:07 AM

Here is my July 2013 HYIP (High Yield Income Program) fraud report:

Liberty Reserve - As I stated in my blog posting on May 27th, 2013, the shut down of the Liberty Reserve payment processor, by police agencies in the United States and Costa Rica, would probably cause a lot of  HYIP programs to "fail" and as you can see below, as it has.  With most HYIP's having more that 50% of  their affiliates deposits coming from Liberty Reserve, this has caused new HYIP member deposits to dry up and has forced over 80% of all previous HYIP to either "fail" or has put them on the road to "failing".

Another side effect of the Liberty Reserve shut down is the fact that other three of most popular HYIP payment processors ( EgoPay, Perfect Money, and OKPay) have now all now stopped accepting new US members, further drying up new HYIP investments.

If you are wanting to invest into a "passive" income program, and you are not a US resident (Univest stop accepting US members 3 months ago), I would suggest Univest, as it has weathered the Liberty Reserve shut down and is now the most stable of any HYIP out there currently. It can be funded with any kind of payment system, including PayPal, Payza, STP, credit card, bank draw, Western Union, and on and on.  Other than that I would just keep your money in the bank for now.

HYIP's that I expect to END in the very near future:                                                                                                                                                     (RU)                      

Here is the long list of other HYIP's that have gone "fraud" in the last 1-1/2 months:                                                                                  (SCAM clone)                                                                                                                                                                         (SCAM clone)       Conten Trade                                         (RU)                                                                      (RU)                            
Europe desk -    (RU)                 
Euro Star                                                                                                                                                                            (SCAM clone)                                (RU)                                                 (SCAM Clone) Fresh Wind                                (SCAM trap) (SCAM clone)                                  GainsFund                                                                                                                                  (SCAM trap)                                                                                                           (RU)                            (SCAM Clone of JubiRev)                                     MegaEARN                                                                                                                                     (RU)       (RU)                              Pro Unit                         Profxtradeinc                                    (SCAM clone) (RU)                             RaceInv                                                                                                                                                                                                                                                   (SCAM trap)                                                                                                (SCAM clone)

So my current advise to anybody that is thinking of investing in a new HYIP is to "hold back" for now, as almost 100% of the new HYIP's coming out are not stable and are almost always SCAMS. In fact, most of the new HYIP's are now only online maybe 2 weeks or less. So my advise to you is to wait on investing in any new HYIP's, until the HYIP market gains some sort of stability. I would just keep your money in the bank for now, except maybe investing in a proven stable program like Univest (available for non US people only).

Your friend,
Philip Reitcheck
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