Saturday, December 28

HYIP Company Registration nonsense

Hello everyone,

Last days of year and I'm sure this is just perfect time to publish another article from series together with Christopher. In this article he talks about one of biggest traps in HYIP industry - company registration. many HYIP admins use this trap to get in many newbies, but if you want to know more then others just keep reading.


Today I want to talk about something a lot of people consider as important when it comes to choose a HYIP for their investments. Still it is basically something useless which, if it gives you any information at all, just is a proof that the admin has put some money into the development of his project. What I am talking about are company registrations. I would like to show you how easy it is to get some company set up. Also I want to show you how easy it is to fake all this information.

Belize, Panama, Seychelles, British Virgin Islands, United Kingdom

I am sure almost every HYIP player knows this countries. Almost every HYIP with company registration will have their company registered in one of these places. Now you might think all the scammers come from this place. You are wrong! It is crazy how easy it is to get some company in one of these countries. Companies registered there are called “International Business Company” (IBC). They are often used by companies to save taxes, launder money and of course also for lots of criminal activities.

In order to register such a company, you just need to search for some company who is doing this for you. Such companies you can find in masses just by doing a quick search through Google. Just search for something like “Belize Company” and you will see. The registration of such a company is completely anonymous as some trustee will put his name up for registration. Only the service you used for registration will know your real data. Of course you can also use fake documents or purchased identities for this – it will give you 100% anonymity.

You think such a service is very expensive and only HYIP admins with a huge starting capital are able to set something up for their sites? Heh, you are wrong again. Services which register all the stuff for you are available starting from $450. This includes (in case of Belize) the first year government fee of $100 and a fee of $350 for preparation and registration work. A virtual office address or a post box is included in all of the services. For a bit more professional approach you can add a representative to your virtual office. It will just cost you around $200 per month.

Some of these company registration agencies also go one step further and offer you already setup companies which were abandoned. These you can get starting from $725. These prices are pretty ridiculous. For such a small amount of money you can get a Inc. or Ltd. with all the documents without having any work. Newbies will believe you are a real company and trust you. So all in all we can say that this is a very dangerous thing. It is most likely, together with the greed of people, one of the main reasons why HYIPs are so successful: Because anyone can pretend to be a big company for just a few bucks!

Always a Proof for Admins Start Capital?

If you think now that you can always see some company registration as a proof for the start capital of the admin, and the plans of him to stay for some time I have to say that you are wrong once again. In order to get a nice company certificate you do not need to register anything. There are a lot of shady services available which will offer you fake certificates for any company you like. Some of them can be easily identified as a fake, others are faked pretty well and can only be identified as a fake through the registration number (which can also be existing if the scammer just used the name of some existing company).

What you can always do in order to check a certificate is to look for typing mistakes, signs of the usage of photoshop or discrepancies on the font types or how the text looks at the company name part.

Does Registrated Company Make Program Legal?

I am sure you already know the answer: It is a clear no! A company registration is one thing, providing financial services is another one. The company can sell its share they are allowed to sell due to the registrations. These persons are owner of the company then. But what HYIPs are doing is selling unlicensed securities. This is illegal and every financial authority in the world will be happy to arrest people who are doing this – if they get them. This is the reason why HYIP admins always stay anonymous. What they are doing is criminal.

I hope this article helped you to understand a bit more about how the stuff works. Maybe I was able to open your eyes a bit more and you are now able to take better decisions. The best thing is to never get over excited about some program, no matter how nice it might be looking. Always stay calmed and make efficient decisions.


I must add some words for Christopher's article, he mention amounts like $100 till $700, but I know that you can register UK company for 40 pounds online, how crazy is that? You will get shared address with tens of other company like yours or shared address in some slump where actually nothing really exist. For some more money you will get virtual post box, and if you will pay more you will get also phone answering machine what is really typical for many HYIPs. 
There is HYIPs who even go further then company registration, look at recent example Tascadero project, admin just stole identity from existing company, most likely just photoshopped images and did not paid even a single cent to anyone.
I would advise to ignore company registration or any visible company documents in first place. It shows absolutely nothing and do not say if admin has invested some money or not, I know that many HYIP's like to pretend to be real companies, but they are NOT, they are NOT.


*I'm not author of original article, original author for article is Chris from ex hyip-pulse.com, article is republished with his acceptance.


Thank you for reading,

David
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1 comment:

  1. HYIP and Bitcoin combined take fraud to a whole new level of stupidity. Crypto-currency and super-scams will destroy each other. http://alfidicapitalblog.blogspot.com/2014/01/the-intersection-of-hyip-and-bitcoin.html Goodbye, scammers.

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