Part 2 of a discussion on e-gold’s current ponzi crack down.

At e-gold Ltd, there now seems to be a policy of no HYIPs or AutoSurf ponzi scams. You won’t see a big ass sign on their web site or any mention in their terms (or blog) but the ponzi scams are jumping ship. I say, “good riddance”.

If you had ever heard of an HYIP and thought it was an actual ‘investment’ and not a ponzi scheme, you were wrong. Here is an enlightening letter from one of the scam operators disclosing how he sets up the scam.

Shameful ‘Ads by Google’ promoting illegal investment scams. In my opinion, Google facilitates online investment fraud schemes by allowing such ads and should be stopped immediately. (personal commentary)