High-yield investment program
Type of Ponzi scheme / From Wikipedia, the free encyclopedia
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This article is about a particular type of investment fraud. For legitimate high-yield investments, see yield (finance) and high-yield debt.
A high-yield investment program (HYIP) is a type of Ponzi scheme, an investment scam that promises unsustainably high return on investment by paying previous investors with the money invested by new investors.[1]