QUOTE(Canon_Ixus @ Nov 19 2008, 01:15 AM)
Owners of Steven's are making millions from people's money when they pay upfront for some promise of better returns.
I thought of that too.. get a few million, put it in some high-yield exotic-currency FD, use part of it to pay staff and food and maintenance + interest. Voila, risk-free profit

of course you don't get those high rates forever, and banks are not dumb, they will raise the spread. So your total capital will shrink, but your interest is guaranteed, so you can keep paying out

It actually might work for a while, I can't see why it won't. You won't get back more than you put in though, but if you don't look carefully it looks as if you're actually making money
You take people's money, then you give them food + say 8%. Then you put in a clause that says this is not guaranteed and we can stop this at any time and not give you any money back at all. So when the HYIP stops you run. And then you'd have millions and all your investors would have less than they started with

And all this is legal.
This post has been edited by wodenus: Nov 20 2008, 06:05 PM