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Go Back   Talkgold HYIP, Investment & Money Forum > Caution : Risky High Yield Investing Programs > HYIP - AutoSurf Program Admin Talk
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  #1  
Old 09-15-2005, 07:36 PM
x100 x100 is offline
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Default How to Close Down an HYIP?

Hi,

as we all know, there will be a time when every HYIP has to close down. Assuming this does not happen after a week when some con artist decides to run and take all the cash with him, the reason will probably be that members just cannot be paid any longer...

How would you do that? Announce it publicly? Just shut down? Try to reimburse as many people as possible (there's the risk that some cannot be reimbursed and might take other/legal steps)?

Secondly, how do I prevent an HYIP from growing too quickly? Like the luxhyip.com guys, they're not even using a custom script, they are most definitely not licensed, they probably do not even know what FOREX actually is ;-)... But they got deposits worth more than HALF A MILLION DOLLARS!

No matter when they close down, they might get serious problems I guess!? Running an "investment pool" with such deposits, tax evasion... The list goes on and on.

Problem with disableing deposists is that many sites rely on new deposists, even if it's just for the cash flow...

Any ideas?

x100
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  #2  
Old 09-15-2005, 08:13 PM
altect altect is offline
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Default Re: How to Close Down an HYIP?

Quote:
Originally Posted by x100
Secondly, how do I prevent an HYIP from growing too quickly?
Tell us which site is the site you run & we will stay away..


You should have don't your homework before starting a hyip.
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  #3  
Old 09-16-2005, 01:45 AM
imao imao is offline
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Default Re: How to Close Down an HYIP?

take TGT for example, when you want to close down...

Send them email notification and a computed partial refund. The refund must be small enough so that you might be in profit also.
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  #4  
Old 09-16-2005, 01:48 AM
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Global*Money Global*Money is offline
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Posts: 1,217
Default Re: How to Close Down an HYIP?

Quote:
Originally Posted by altect
Tell us which site is the site you run & we will stay away..


You should have don't your homework before starting a hyip.

I wanted to ask that :P
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  #5  
Old 09-16-2005, 02:02 AM
altect altect is offline
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Default Re: How to Close Down an HYIP?

zxforu
Quote:
Originally Posted by x100
Hi,

as we all know, there will be a time when every HYIP has to close down. Assuming this does not happen after a week when some con artist decides to run and take all the cash with him, the reason will probably be that members just cannot be paid any longer...

How would you do that? Announce it publicly? Just shut down? Try to reimburse as many people as possible (there's the risk that some cannot be reimbursed and might take other/legal steps)?

Secondly, how do I prevent an HYIP from growing too quickly? Like the luxhyip.com guys, they're not even using a custom script, they are most definitely not licensed, they probably do not even know what FOREX actually is ;-)... But they got deposits worth more than HALF A MILLION DOLLARS!

No matter when they close down, they might get serious problems I guess!? Running an "investment pool" with such deposits, tax evasion... The list goes on and on.

Problem with disableing deposists is that many sites rely on new deposists, even if it's just for the cash flow...

Any ideas?

x100
I have another ideal....

You could come right out & admit to being a ponzi like the admin of PonziHYIP did. That would work. No one can be pissed at the admin of PonziHYIP for running with the monies since he said he would from the get-go.

If you do that then no body will be pissed at you for scamming them...
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  #6  
Old 09-16-2005, 02:39 AM
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alexeow alexeow is offline
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Default Re: How to Close Down an HYIP?

Run it to the ground?
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  #7  
Old 09-16-2005, 03:15 AM
Stephen3
Posts: n/a
Default Re: How to Close Down an HYIP?

Quote:
Originally Posted by altect
zxforu

I have another ideal....

You could come right out & admit to being a ponzi like the admin of PonziHYIP did. That would work. No one can be pissed at the admin of PonziHYIP for running with the monies since he said he would from the get-go.

If you do that then no body will be pissed at you for scamming them...

what does ponziHyip did?:O
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  #8  
Old 09-16-2005, 03:17 AM
Stephen3
Posts: n/a
Default Re: How to Close Down an HYIP?

Quote:
Originally Posted by altect
zxforu

I have another ideal....

You could come right out & admit to being a ponzi like the admin of PonziHYIP did. That would work. No one can be pissed at the admin of PonziHYIP for running with the monies since he said he would from the get-go.

If you do that then no body will be pissed at you for scamming them...
what does ponzihyip did ?
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  #9  
Old 09-16-2005, 03:41 AM
altect altect is offline
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Default Re: How to Close Down an HYIP?

Quote:
Originally Posted by Stephen3
what does ponzihyip did ?
The admin admited to being a ponzi & that his site would last as long as possible & then he would close up shop.

Stephen...check you PM's...
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  #10  
Old 09-16-2005, 12:28 PM
x100 x100 is offline
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Join Date: Sep 2005
Posts: 2
Default Re: How to Close Down an HYIP?

I'm not running an HYIP. No worries.

What do you guys think about LuxHYIP? $600,000 deposits? Pretty huge for a standard script HYIP...
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