Have you guys ever heard of this thing called PIPS?
https://pips.pipsinc.com/guest/pips_...php?&menu_id=1

it's supposed to be this risky investment company that has really outragous payouts. For instance...you invest say $1000, and every day they'll pay you 2% interest on it. They also have it so if you pay then $25/month for 5 years...at the end of the 5 yrs they'll pay you something like $89000 and $9300/month there after for as long as you live. Now i know people who have invested their money, that's how i heard about it. but the thing is these guys have taken money out and spent it. one guy pulled out about $6000 couple weeks ago for a trip.

This seems a little to good to be true...if this is scam..how can they afford to pay out?

Do you guys have any info on it?

Thanks.

 

shoot i just realized i put it in the wrong place....sorry admin.

 

Ponzi scam x10.

Tell you what: why don't you just give ME the money you were going to invest? At least I'll put it to good use!

Seriously...do you research...the clues are within their own site.

 

that's what i was saying. I did look on the site and it worried me. My question was if it was a scam how/why would the people who invested in it get money out of it.

 

The only money is the new money.