"I'm a newbie in the world of HYIP and in fact wasn't really looking to involve myself in the scene. However I was checking out a google adsense ad for the followinghttp://www.egold-investments.biz.

In the course of doing my DD on this, I discovered HYIP. This site claims it
is not a HYIP (thats what brought the term to my attention) but I suspect
that is what it is.

After doing a whois search, I can already confirm at least one lie on the
site - the US address is non-existant, even the ZIP doesn't exist. I used
their contact form to ask why the address wasn't valid but haven't received
a response.

A second lie found on the page is their claim of longevity. According to
Whois, the site url was granted in May 2006 but I'm not sure whether that
refers to the originating date or a renewal."

Comments:

Never join a program you see being advertised in Google Adsense as they are almost guaranteed to be scams. If you check out the site you will also see that they accept "invesment" amounts as low as $1. Real investments do not accept $1 as an initial deposit.

It seems that Solid Investment is now running into cash flow problems as expected, a reader sent me this in an email:

"They (Solid Investment) changed the TOS for current investors, who were receiving business daily payments on their money.  They”forced” us to join their 60-day plan at 6% daily, whether we wanted to or not.  I also posted on Gold Poll, as did 67 people along with me, and Gold Poll refused to list them as not paying, since they were payingdaily payments to people who invested under $1000.  I think Gold Poll andSI are in bed together.  For the month of June, Gold Poll doesn’t show
any of the 67 very bad votes and still is showing SI as paying. I don’t have much faith in SI anymore, nor do I believe I will eversee my principal, but it just irks me to see them keep drawing in moregullible people from a Russian scam group that’s going to run away with
everyone’s money in the next 30-60 days."

Read the rest of this entry »

A few weeks ago I reported here that I think Vasco Investment is a dressup ponzi and should be avoided. Today I received a message from one of my readers that they are no longer paying. The web site is showing "paid" with an e-gold batch number, but the number is fake. Since the site is still up, I feel that I should post here to warn people to stay away from this scam. Personally, I do not think Solid Investment is far behind. I mentioned what I think about these guys here and here.