The most relevant today are the so-called HYIP projects. They differ from the classic financial pyramids in that they can not pay any money to depositors at any stage of the project life cycle.
“Secrecy is one of the distinguishing features of financial pyramids, administrators do not talk about the goals of their work and the features of the project. In most cases, they simply have nothing to tell, ”writes the author of one of the blogs dedicated to HYIP projects.
Additional confusion for the gullible user is caused by the fact that the HYIP authors often use vocabulary from the legal banking and financial sphere: for example, they refer to amounts contributed by users to HYIP projects as contributions. Continue reading