Can you tell me more about the program you were in?
I hate to tell, but there is almost no way for you to recover the money that you lost. I hope that you won't try investing in any other HYIP's, since they all operate in similar ways.
The site was registered in Panama: http://www.hyip.com/hyip/common/380/Open+Trade , so the US would have no way of getting that money back for you.
Yes, a program that promises you 2.2% interest daily is an illegal ponzi scheme. Basically, money that you put in is used to pay out previous "investors", and then there have to be more "investors" in order for you to get paid.
Think about it like this: Ten people put in $10, with the promise of getting back $11 in a few weeks. There is not $100 in the "fund". When the 11th person puts in their money, the first 10 people can get their $11, but there is no money left for you. If this keeps going, you can end up losing $1000's of dollars.
Here is a link to a page about another scammer who cost people $500 million (http://en.wikipedia.org/wiki/Charis_Johnson). There is no way for you to get your money back, since whether knowingly or unknowingly, you participated in an illegal activity, by investing in an illegal ponzi scheme.
See this page for more info on these illegal, risky, and dangerous programs: http://en.wikipedia.org/wiki/Ponzi_Scheme
Let me know if you have any questions,
I'm afraid that it doesn't matter who told you to join a ponzi.
Normal returns on investments can range up to an average of 18% per year (during the 90's, for example). 2.2% per day is equivalent to 30000% per year!
Some questions for you:
What did this Gary tell you about the program you were going to join?
Is Gary a registered broker/dealer?
I have done a bit of research and found out that Gary might not even be a real person -- regardless, he is a known scam artist. Check out these links:
I'm sorry that I have to answer you this way, but I'm trying to be honest with you.
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