Money Doublers (Part 1)
There are a million and one ways to make money online in this age. One of the latest crazes is the money doubler, also known as the money cycler, Ponzi scheme, straight line matrix, money tripler, or even money quadrupler. These are High Investment Yield Programs, or HYIPs, that usually promise what the names suggests, a double or higher return on any investment in their business.
Money doublers earned the nickname Ponzi schemes from Charles Ponzi, who in 1919 recruited investors for his business with a guarantee to double their money. He used the money from new investors to pay the old investors. Obviously, with a finite number of investors, he wasn’t able to fulfill his promised payout to everyone, and was imprisoned for the scam. Modern online money doublers follow the same concept. Though not all scams, the nature of the money doubler business plan will eventually always result in the last investors not receiving their money back. The unfortunate truth is that the money that a member receives from a money doubler comes ultimately from the people who lose their investment.
The more reliable money doublers offer an actual product or service of value (something better than an e-book). By offering a service, most will claim to be legit and legal, but as with so many other make money online schemes, the legality is somewhat of a gray area. Money doublers are illegal in some countries. If you are looking for a money doubler to invest in, but are concerned about their legitimacy or reliability, there are few qualities to look for.
Continued on Part 2...
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