Alan"s Money Blog

May 8, 2007

CNN Article about Legisi (very popular HYIP )

Those of you who are "in the loop" on the latest happenings in the online investing community and the HYIP community would surely know or have heard about Legisi. It is a fairly popular program that touts itself as being an "legitimate return on loan" program. Lately they've instituted some rather major changes. One very important change is that the program will become private as of June 1'st. Another change (arguably still important) is that the minimum investment is now $1000 (it used to be $250). Some say that this is the last gasp of a dying ponzi program, some say that this is good because it will be conducive to the life span of the program. I am a bit skeptical about this. I was very tempted to join the program and have been researching it on and off for about 6 months. Lately, I've decided to stay out of it completely.

My advice is this: be very very careful where you put your money and never invest more than you can afford to lose! always! got it? good!

Click on the link below to read the article:

Link to CNN article about Legisi

No comments: