Why are there so many scam investment sites than legitimate ones?

[magnus2022]

There are hundreds of investment scam sites online, but only few legitimate ones. The rate at which scammers are publishing scam sites is alarming. A lot of HYIP sites are total fraud and it seems no agancy is monitoring these activities!
We have to make sure and do research before investing in any online investment scheme. Majority of them is scam!

 

[Nomad]

Answer is simple, people want to grow rich quickly by scamming people.

 

[Xtynehappy]

I think the reason is that, most people have really failed to find legit investments opportunities that's why they run the fake sites to earn easier money online

 

[Augusta]

People want to make quick money. they just believe having a legitimate site might not bring them the kind of money they want

 

[neku]

Except for a select few millionaires and billionaires ,it is extremely difficult to make money online and offline, while it is easy to make fake promises of quick money. So a large number of HYIP will fail.

 

[Tray59]

People need money so I believe that if you are working online you need to learn how to identify and spot fake program online, it's not good to scam someone but people are heartless so you need to be careful when carried out transaction online

 

[Augusta]

People need money so I believe that if you are working online you need to learn how to identify and spot fake program online, it's not good to scam someone but people are heartless so you need to be careful when carried out transaction online

Yes, people with dubious minds just want to show they can make money with their dubious acts and the hide under anonymous to do so.

 

[Springtime]

There are scammers everywhere. No just investment sites. That's why I prefer to use my bank's platform to buy stocks and mutual funds. Bank's platform is much more trustworthy and reliable.

 

[eLdavis]

These goes to show that a lot of people would rather go into fraudulent activities to make money cause they feel it is faster.

 

[Augusta]

Yes,it is the fast means of making money that push a lot of people info scam. They are just lazy and very greedy people

 

[Tray59]

It's simple because many people feel they don't have patience to wait until their profits yield so they prefer to scam people

 

[Starmix]

Lack of monitoring by the authorities is one factor. All businesses online ought to be registered with SEC to avid scamming.

 

[King Belieal]

That's because the proponents of those scam platforms know that people are always inclined to anything that has to do with making money. And they would always join in.

 

[Starmix]

There might be one or two not many. Once they're caught, their families will be affected and put to shame.

 

[freelancermaria]

Scammers see scamming people as a quick way to make money. Their activities are increasingly prevalent these days.

 

[Tray59]

People are looking for money everyday so I think that you need to be very careful the way you join and give out your private information to some site so one need to be careful