High-yield investment program

Rarity: Common

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At a glance

Class

Notion

Domain

Science and technology

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What Wikipedia says

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.

Excerpt from the Wikipedia article “High-yield investment program”, under the CC BY-SA 4.0 license. Read the article on Wikipedia