N/APosted on - 12/14/2012
Has anyone heard of primexcash? some of my friends invited me to try this HYIP (High Yield Investment Program) that is online and I will get great profits to it. This sounds suspicious and would want to know if this is legal and if it pays.
Thank you for the help
PrimeXCash Website Review: Is it Scam or Legit?
Hi MsJamie Cameron
It is very hard to say about primexcash directly, but as you aware it is an online HYIP (High Yield Investment Program).
HYIP is a type on investment plan, agreed to pay very high returns. They use the funds of the new investors to pay the agreed returns to the old investors. This is a linked chain & they can pay like this till they can attract new investors. But once the chain breaks (unable to attract new investors) entire thing will collapse. So this involves very high risk as well.
In general these types of HYIPs are illegal in some countries.
Hence my advice is to avoid from this kind of stuff whether it is legal or illegal, since it carries a high risk.