How Do I Know Which Programs Are Scams ?

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 One

Use 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 Two

Before 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 Three

Take 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 Four

Should 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: ifcc.tp@fbi.gov

2. International Web Police: Director@Web-Police.org

3. ISP Provider (Refer to Step One. Look for the email contact for website abuse of the ISP Provider or the organization that the program’s IP Address belongs to and file a complaint).

4. Local authority (refer to the web registrant’s station address, search on the Internet to locate its country authority; such as the state police or any other relevant authorities)

5. E-gold Service (C.C. the email to the program owner)

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.

source : http://www.hyipmania.com/how-do-i-know-which-programs-are-scams/