I think everyone needs to Read this post and go to Wikipedia and see for theirselves.

Place the artilce all over the place! In free website from geocities, yahoo, msnspace, myspace....

hehe....let's party

Avoid TalkGold!
it adds a rel="nofollow" to all user-made links, rendering Googlebot to ignore them.

MMG does not turn on this function.

    1. An Investment of Money. The term “investment of money” is where an investor commits assets to a venture in a way as to subject himself to financial losses. Under the usual investment vehicle, each investor commits funds to the capital development of a plan. Should a plan be unsuccessful, than the issuer will be unable to return an investor’s money. This is always the easy element to find.

    2. Common Enterprise. The common enterprise element has been discussed in concepts known as ‘horizontal and vertical commonality’. Horizontal commonality requires the fortunes of each investor be linked to the others. Vertical commonality requires a finding that the fortunes of the investor are interwoven with and dependent upon the efforts of those seeking investments by new third parties. An investment plan is typically a common enterprise under both the horizontal and vertical common interest criteria. The fortunes of each investor are dependent upon the success of the issuer in either retailing merchandise in a legal MLM, or attracting new recruits in an illegal pyramid scheme, or attracting new investors’ money in a classic Ponzi scheme. Investors have a “vertical” common interest with the promoters of the plan, or third parties, and a “horizontal” common interest with other investors.

    The concept of an investment contract does not require that the efforts of promoters or third parties be the sole efforts upon which the failure or success of the enterprise is based. Historically, there was some controversy on this point. The Supreme Court wrote of this prong of the test as “with profits to come solely from the efforts of others.” The present general rule virtually ignores the adverb “solely” in Howey and holds that investments where decisions made by those other than the investors are the essential, though not the exclusive, efforts effecting the failure or success of the enterprise.

    3. Reasonable Expectation of Profits. The Supreme Court’s analysis under the Howey test of the term “profits” emphasizes the economic realities of the transaction, i.e., whether a purchaser is motivated by a desire to use or consume the item purchased or whether the investor is attracted solely by the prospects of a return on investment. Almost certainly in typical Internet investments, expectation of profit exists as the primary reason for the investment.

    4. Solely from the Efforts of Others. As discussed in element two on commonality, the concepts are intertwined. Courts today reject a literal application of the fourth element, “solely from the efforts of others.” One SEC enforcement action case held, in language that does not make any sense to some readers: “whether the efforts made by those other than the investor are the undeniably significant ones, those essential managerial efforts which affect the failure or success of the enterprise.” Yet his quotation expresses the general test under the fourth prong that is presently used by the SEC and state securities regulators in their enforcement actions against illegal pyramid and Ponzi schemes.


This is as defined by the SEC:
http://www.mlmwatch.org/11Legal/sec.html

I added some content to the article. It's about "HYIP monitor", read and see if you like it!

aa419.org also has a similar database, that's a big project.