HYIPs and other Ponzi Scams
It looks like thr growth of online Ponzi schemes is getting a bit more interest amongst more 'mainstream' netizens, if this discussion about HYIPs at MetaFilter is anything to go by. I was a bit worried when I first started reading the comments, but was relieved to see that most people see these things for the scams that they are. Which kinda makes it even more depressing that, for whatever reasons, people in the "Get Paid" industry either don't see them as scams, or don't care as long as they're one of the lucky ones making money.
Also, one of the commenters included a link to an article in Wired way back in Sept. 2000 discussing online pyramid scams. It's called Money for Nothing and it discusses an old scam called StockGeneration, and it's a helluva story, believe me! If you paid much attention to the more recent 12DailyPro debacle, then you may be surprised how many similarities it had with the shut-down of StockGeneration. Right down to the die-hard supporters crying about Nazi-style abuse from the government for daring to interfere with the scam and 'persecuting' those who ran it. I guess some things never change.
Also, one of the commenters included a link to an article in Wired way back in Sept. 2000 discussing online pyramid scams. It's called Money for Nothing and it discusses an old scam called StockGeneration, and it's a helluva story, believe me! If you paid much attention to the more recent 12DailyPro debacle, then you may be surprised how many similarities it had with the shut-down of StockGeneration. Right down to the die-hard supporters crying about Nazi-style abuse from the government for daring to interfere with the scam and 'persecuting' those who ran it. I guess some things never change.
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