Don't Get Carried Away by HYIP Account Stats

By Billy Middleton

"I assumed this HYIP was paying since my balance was going up!" is a quote from one e-mail I received regarding an investment someone had made. His hard earned cash had been spent and after the first day the promised profit was evident on the sites account statistics. Excitedly, he reinvested the full amount in a different plan on the same site. Once again the results showed as expected.

A good deal you might think, but what is it that this person was actually seeing when they logged in to check their investment? The answer is simple, he was seeing exactly what he wanted to see, and the website owner knew it. So tempting the profit margins were that it would take a strong character not to get further involved.

A few days later the problem comes, time to withdraw funds. Sure the process looked well coordinated, the amounts, account details all confirmed and an e-mail stating that the withdrawal was pending and that this was likely to take up to 12 business hours to complete. These came and went with no e-mail from the merchant provider and most importantly no transfer of funds into the account.

'Something must have gone wrong' was the initial thought, and after logging on to check the details, right enough the withdrawal was still listed as pending. This sort of thing is usually well automated so its a bit unusual. Never the less, benefit of the doubt and all that, he used the contact page and submitted his query on the form provided. Again professional in appearance and process. But there was no reply about his money, the profit now looks a bit more like a scam.

The following day brought no contact, so an attempt was made using the standard e-mail format, Admin@sitename.... after a tense day or two, there was still no contact, not even with some lame excuse. HYIP monitor sites still quoted it as paying, the web-page still active, the account balance and withdrawal pending status unchanged.

Curious, he reinvested a further half of his remaining balance. You've probably guessed it, but the profit from this investment also showed up on his statistics. So the site is still promising and suggesting that he has made even more money despite the fact that it had been more than a week since his withdrawal request by this time.

The message is obvious. You can't trust the stats for profit calculations, you can only trust what amounts you are able to withdraw. You can't trust the monitor sites, they are either quoting the site balance details, or are in cahoots with the site, or simply don't care.

Take control of your investments, its a bit more hassle, but before reinvesting, try withdrawing first!

Billy Middleton is the creator of the Safepay Verified the new poundpyramid system where you earn a FIXED return of ??25000 per share which also contains the Pyramads banner promotions system.

Article Source: http://EzineArticles.com/?expert=Billy_Middleton

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More about HYIP Account Stats:
- Using HYIP Monitors, You Can Make Money Online!
- Victoria Picks: TrackMyGold
- Math Against Scammers

Published at Jul, 06 '06 ; read 620 times;

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