LET'S LEARNING ABOUT HYIP (Part I)

HYIPs are purported investment programs normally offered via the Internet. HYIPs typically accept investments of $100 or less while promising high returns. The introduction of e-currencies such as Liberty Reserve and StormPay (although almost all HYIPs do not use StormPay as of February 2006, see StormPay article for why) has made it easy for HYIPs to operate across international boundaries, and to accept large numbers of small investments.

No HYIP has, as yet, survived for very long without turning out to be a scam. Scam HYIPs are Ponzi schemes, in which new investors (usually unwittingly) provide the cash to pay a profit to existing investors, which they could then withdraw leaving nothing to pay the new investor. This approach allows the scam to continue as long as new investors are found and/or old investors leave their money in the scheme, known as compounding (because even higher profits are promised).

HYIPs are frequently advertised in spam emails, forums or mailing lists, since people are typically given a commission (for example, 9% of invested funds) when they provide a referral of a new customer.

HYIPs typically are not based in the United States, Europe, or Japan - countries that have strong laws against unregistered investment programs. HYIPs disclose little or no detail about the principals, management, location, or other aspects of whom is getting the money to be invested, and relatively little information (other than asserting that they do various types of trading on various stock and other exchanges) on how their investment programs actually work.

The largest HYIP scam that has ever existed is PIPS (People in Profit System or Pure Investors). The investment scheme was started by an engineer, Bryan Marsden, in 2004 (according to the Wayback Machine record and spanned more than 20 countries in the world. PIPS is now being investigated by Bank Negara Malaysia.

According to a website HYIP Scam Search that maintains a database of HYIP scams daily, as at May of 2006, the total number of HYIP scams was approximately 3500. This is the total number of scams occurred from 2004 to 2006 and excluding scams not reported. About 5 new scams are reported every day. 89% of the scams preferred e-gold and liberty reserve as their online payment processors than others

source: naijainvestors.blogspot.com

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A Stunning Tour in Canada

Interested to visit canada try to visit Vancouver is a coastal city and major seaport located in the Lower Mainland of southwestern British Columbia, Canada. It is the largest city in British Columbia and the second largest metropolitan area in the Pacific Northwest region. It is the largest city in British Columbia and the second largest metropolitan area in the Pacific Northwest region. It is bounded by the Strait of Georgia, Burrard Inlet, the Fraser River, the city of Burnaby, and the University Endowment Lands. The mild climate of the city and close proximity to ocean, mountains, rivers and lakes make the area a popular destination for outdoor recreation.

Vancouver has over 1,298 hectares (3,200 acres) of parks, with Stanley Park being the largest at 404 hectares (1000 acres). The municipality also has several large beaches, many adjacent to one another, the coastline provides for many types of water sport, and the city is a popular destination for Boating enthusiasts.

Within a 20-to-30-minute drive from downtown Vancouver is the North Shore Mountains, home to three ski areas: Cypress Mountain, Grouse Mountain and Mount Seymour. Username Mountain have created world-renowned trails across the North Shore. The Capilano River, Lynn Creek and Seymour River, also on the North Shore, provide opportunities to Whitewater enthusiasts during periods of rain and spring melt.

However, if you want to enjoy the beautiful summer in Canada, try to visit toronto islands. You can visit The central area hosts Centerville, a children's amusement park which was built in 1967 with a turn-of-the-century theme. The park includes a miniature railway and Far Enough Farm, and is open daily in summer. There are several swimming beaches on the islands, including Center Island Beach, Gibraltar Point Beach, Hanlan's Point Beach and Ward's Island Beach. Recreational Boating has been popular on the islands for over a century. The Islands are home to three yacht clubs: the Island Yacht Club, Queen City Yacht Club and the Royal Canadian Yacht Club. And there is also a dragon boat regatta course and grandstand, where the Toronto International Dragon Boat Race Festival is held annually.

Visit Old Montreal can be also used as alternative tourism. Old Montreal is a historic area located southeast of downtown containing many different attractions such as the Old Port of Montreal, Place Jacques-Cartier, Montreal City Hall, the Bonsecours Market, Place d'Armes, Pointe-à-Callière Museum, the Notre - Dame de Montréal Basilica, and the Montreal Science Center. The Riverside area adjacent to Old Montreal is known as the Old Port. The Old Port was the former site of the Port of Montreal worldwide, but its shipping operations have been moved further east to its current larger site, leaving the former location as a Recreational and historical area maintained by Parks Canada. The new Port of Montreal is now Canada's largest container port and the largest Inland port on Earth.

Visit Vancouver, Toronto, Montreal is a stunning tour in Canada, if you interested in a visit there, you do not need to consider the cost of accommodation, just visit www.cheaperthanhotels.com/Canada you will have access to last minute deals and discounts for pre booked visit Canada . You will get Cheap Hotels in Vancouver, Cheap Hotels in Toronto, and Cheap Hotels in Montreal. And if you an overseas visitors you will get the service and many of the cheaper deals than can be obtained by native Canadians.

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Markopolos, Demolisher Scandals Madoff

Bernard Madoff who are 70 years of age, the fraud on the funds investment of 150 billion U.S. dollars, imprisonment for up to 150 years. This is the biggest fraud throughout the history of the world. Madoff is charged with making fraudulent Ponzi scheme involving money belonging to a number of company pension funds, foundations of social, actress/actors, school funds, and other.

Madoff coax a number of institutions and wealthy people of the world to infuse funds in the company, Bernard L Madoff Investment Securities LLC. Customers are given a high bid even though fortunately only expressed in the routine reports. Benefits are not paid in whole, and even customers in excitative not to withdrawal of funds, but investing in long-term investment. The Company seems to report funds that the investment have planted in the Wall Street stock exchange. Capital Market Board of Supervisors U.S. (SEC) said, Madoff do with fraud forge headers letters SEC.

Is Harry Markopolos, an investment experts said already know the lie Madoff behind the management of investment funds belonging to 13,500 customers, including banks such as UBS caliber of the world (Switzerland), Great Eastern (Singapore insurance), actor/actress Hollywood, film director the top prize Oscar, Steven Spielberg, Larry King to CNN's .

The period 1991-2004, Markopolos working in the Rampart Investment Management Co. Since its establishment early in the decade of 1990s, the news spread Madoff profit company. The boss asks for Markopolos learn how to achieve happiness Madoff high. Who knows could be imitated.

Assisted mathematician named diBartolomeo And, do Markopolos simulation. He is also talking with various experts, investment bankers, and visit to Switzerland. In conclusion, no one was able to achieve investment broker average 0.40 percent of profits above the London Interbank offered Rate (LIBOR). This refers to the interest rate on the loan antarbank London money market, which is empirical is always below 10 percent per year.

In 2005, 2007, until 2008 Markopolos have to report to the SEC, including the sharing of information bonus Merrill Lynch. However, SEC did not care. In the last 10 years he never tired to report fraud to the SEC when Madoff, led by Harvey Pitt, the descendants of Jews, the period 2001-2003. Complaints not heard, nor by Bill Donaldson (Chairman of the SEC, 2003 - 2005), not even by Christopher Cox. And in the era of President Barack Obama and the SEC under Mary Schapiro, giving fresh wind to the "whistle blower", including Markopolos. And finally the report, entitled The World's Largest Hedge Fund Fraud get a response, and able to unload a fraud conducted by Bernard Madoff.

For his courage, the site www.boston.com gives the title to Markopolos as heroes. Boston Security Analyst Societty, February 11, indue Markopolos silver medal on his courage. SEC prosecutor and prosecutors in New York claims to impose ago Madoff. Now Markopolos become stars. U.S. and residents grateful to him.

sumber: boston.com

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