In 2006, you can see many people in the coffee shops with notebooks explaining to their friends about doing some investment through the internet. We could name it as an Internet Investment with very high returns.
People are looking for fast returns and without a doubt many turn to this kind of investment promising daily interest. Moreover with the help of so called "investment agents", mostly comes from MLM background, the news spread even faster. The daily interest depends on the amount invested. The bigger amount you invest, the higher percentage of returns.
The above print out shows the statement and as you can see, the "Earning" is the daily interest of 1% paid from Monday to Friday, No interest for Saturdays and Sundays.
There are also commission paid for every investor you refer to join this program. This is where the MLM people comes into picture.
The websites providing this HYIP (High Yield Investment Program) is called piclub.us and forexcapital.us to name some. There are many others appearing like mushrooms out of nowhere. Internet Investment was extremely a hot topic and this phenomenon disturbed the growth of many MLM companies.
Today, the government has put a stop to this schemes.
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