How Do I Know Which Programs Are Scams?Scam Identification and Reporting For High Yield Investment Programs (HYIPs) David Vagner
Although it is virtually impossible to tell if a HYIP is a scam until the moment when they stop paying, there are several steps that you can take in order to minimize the chance of being scammed. For instance, you can do a Due Diligence (DD) check on the program. Listed below is a guide: Step OneUse the following whois lookup sites to find out more about the program: Look up IP Address Lookup Internet Service Provider (ISP) Look up IP Address belongs to (Organization) Look up Country Look up Continent Lookup State Look up City Look up Latitude Look up Longitude Look up Timezone Look up Registrant (website’s registered address, contact person, etc.) www.seoconsultants.com/tools/whois.asp Compare the whois information you have found from the above with the information provided by the program owner on his website. If you find any major discrepancies, you should be extra cautious about the program. The program owner may be trying to hide something from you. Step TwoBefore joining any HYIP, make sure you are comfortable with the program and have confidence in the owner. In the event of default by the program, you can locate and report them to the internet fraud authorities. Step ThreeTake note of the Internet Service Provider (ISP) for the program and to which organization its IP Address belongs to. Record their contact information (such as email address) so that in the event of default by the program, you can file a complaint to the ISP against them for internet fraud. If proven to be true, the ISP will most likely cease providing its services to the program. This prevents the program from cheating any more money from innocent members. Step FourShould you be the victim of a scam, submit details of the website found from Step One with your electronic payment confirmation number and send a complaint email to the following authorities to alert them of the internet fraud: 1. Internet Fraud Coordinator: [email protected] You can obtain more information about fraud reporting at fraud.org. Also don't forget to check status of your favourite HYIP program on HYIP monitoring. |
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