Getting scammed in the HYIP arena is quite common. This is possible primarily
due to the irreversibility of e-currency transactions. “Get paid, stay paid” –
one of the popular E-gold mottos, which sometimes plays a bad joke with its
users. All experienced HYIP investors can perfectly recall the time they were
first scammed. Contacting e-currency in this case turned out to be of no help –
their response clearly stated that all transactions are final. Nonetheless,
the retrieval of funds with a lawyer being involved frequently costs more than
the amount of money lost – as a result, victims normally leave it at that
and never take any further action. This benefits scammers and encourages them
to open new and new fraudulent schemes intending to lure even more naive and
greedy investors and cheat them out of their money.
What can be done to avoid it?
The first and the most important step – prevent it from happening. Follow
Do not believe everything the program’s website promises to you,
just like you don’t believe everything you are told by strangers.
The fact that an investment program has a website does not mean
that it’s not a scam.
Don’t get greedy. Withdraw every time you can make a withdrawal
request. Do not compound and dream of how much revenue you will
be getting after a certain period of time.
Remember: the most important thing is to get your “seed
money” out as soon as possible. Then you can play with the
profits in any manner you wish. Until then just keep
withdrawing to recover your initial deposit.
Step two: make it public. If you have fallen for a scam, let everyone else
know about it. Don’t be embarrassed – no one will make fun of you because of
your loss; furthermore, other investors will be extremely grateful to you for
warning them. There are numerous ways you can do it. The fastest ones are
reporting to money making forums (such as TalkGold.com, MoneyMakerGroup.com etc).
Within several seconds upon the submission of your report, it will be published
on these websites. This will prevent the crooks behind it from luring more funds
into their e-currency accounts.
Step three: fight back. Despite the fact that e-currency provider is highly
unlikely to send you your money back, it is essential that you report your loss
to them. As a result, they will freeze the scammer’s account and he will no
longer be able to access his funds. In addition, contact the program’s hosting
provider (the company which hosts its website). Their e-mail address can be
found in the website’s WHOIS data. You can retain this data by entering a
website’s address into the look-up on WHOIS database sites, such as
whois.net. In your message to
the hosting provider, make sure you insist on the website being shut down
as soon as possible, with any relevant data (such as client’s IP address) being
forwarded to you for further investigation. Another way you can retrieve
the scammer’s IP address is by looking up the full headers of any e-mail
messages you received from him (such as notifications, updates, or responses
to your customer support inquiries).
Finally, report the fraud to legal authorities. It can be done online at
absolutely no cost. Just go to
ifccfbi.gov, click on the
link “File a Complaint” and fill in all the required information. This is the
official website of the Internet Fraud Complaint Center, administered by the US
National Bureau of Investigation and the National White Collar Crime Center.
You don’t have to be an American to file a complaint with them – victims of
Internet fraud can file complaints online regardless of their citizenship or
countries of residence. The more complaints are submitted the sooner the legal
authorities will commence their investigation. For this purpose, you may be
willing to distribute the IFCC website address to any other people who have
been scammed together with you. This can be done either through
the above-mentioned HYIP forums or rating sections of the scamming program on
monitoring websites (where members place their “paid” or “not paid” votes,
normally accompanied by comments).
Even if you think you might never see your money again – don’t give up.
By taking all the actions we mentioned you do not only improve your chances
for the recovery of lost funds, but also prevent others from suffering losses
and harming the scammers in the long run. If everyone who has been scammed
followed our suggested course of action, there would be way fewer scams in the