Hmmm, well it depends on who you ask. This post is probably going to ruffle some feathers and cause a lot of debates but that's what we're here for.
So let's get into this so called "Cash Gifting — Giving" program opportunity. A cash gifting program is exactly what it sounds like it is. You give a cash gift to someone so that you can get cash gifts in return. How do you send the person the money?
Well the same way you can give someone a check on his or her birthday, or cash in a card as a gift or present. New club members give cash "gifts" to the highest-ranking club members, with titles such as "captains. Is Cash Gifting — Giving even legal? Here's what the FTC says:. Most members who paid to join the clubs never receive the financial "gifts" they expected, and lose everything they paid to join the club.
Should You Get Involved in Cash Gifting — Giving Programs? Isn't obvious by now? If not, let me make it abundantly clear. According to the FTC it should be avoided for the following reasons. There is no guarantee that you'll get a cash gift back. Remember this is a gift and you shouldn't expect anything in return which is how the leaders of the company try to pass it off as legal. Most of the success stories you may hear are from the leaders of the club and rarely from the followers.
If you can't get more people to give the cash gifts then the whole thing falls apart and you're the one that usually loses. What are legitimate alternatives to Cash Gifting — Giving Programs?
Look, I'm not a blogger that cries scam and doesn't provide alternatives. Anyone that has read my articles knows that I'm solution oriented and not about complaining and being a Negative Nancy.
You have enough of those folks out there. So here's my take. Are you guaranteed to land a job?
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That all depends on your skills, resume, interviewing skills, etc. Are you likely to get scammed? Nope, because the jobs are pre-screened.
Wealthy Affiliate is a website that provides you the opportunity and one on one help to have a successful work at home career as an affiliate. You'll get paid to help people find the products, information and services they are searching for on the web.
Are you guaranteed to make money? Nope, but are you guaranteed to get a cash gift from a stranger? So those are my suggestions for people that were considering giving away money to those cash gifting strangers. The two websites above are legitimate and based on solid fundamental business practices. So that's the story on Cash Gifting aka Gift Giving aka Ponzi Scheme aka Pyramid Scheme. It's funny as I was doing the research on this article, it made me realize that I had got into one of these programs several years back.
It was presented to me by a good high school buddy of mine. We were suppose to have that money doubled within a week. Next thing I know my buddy wasn't answering my phone calls after week 2. Needless to say we all lost our money. Losing the money was hard enough. But I was more torn up because my girlfriend and sister had also lost their money and I lost a good friend. I've given you what the government thinks about it because I know a lot of these programs are pulling facts out the air about the legitimacy of this so-called program.
Now you have the facts provided by a government body and not some blogger on a mission or with a grudge. Do what you will but be prepared to live the consequences either way like I, my sister and girlfriend did. Okay, so I have read what everybody has to say about cash gifting and I think this like with every industry will have some good apples and some truly rotten ones.
I am involved in cash gifting and although I have not received any gifts yet the group I am a part of provides amazing training and tools although pricey because you have to buy leads and minutes and other things I was never told about initially However I am in contact with a group of people who started out just like me and they are having great success.
One person last week on our call said he received a gift of 10, and he is not a leader or a guru. There is no comparison. This is just a flat out scam.
Cash gifting is a common scam like envelope stuffing, repackaging jobs and check cashing opportunities. There are plenty of legitimate ways to make money. It sounds kind of like you explained in the above article, but in doing some research on it myself found both good and bad things about it. Have you heard of just been paid. But I guess I should.
My advice is stay away from anything that is giving you doubts or second thoughts. Usually our instincts are right when it comes to this stuff.
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We list such opportunities on my recommendations page: THIS IS STRAIGHT BULL SHIT!! Well I believe cash gifting is illegal if you as a pyarmid. Any amount over it you have to pay the IRS. MLM use the pyarmid sceme by refering others to their website. I call these scams. If cash gifting is use to build down line in a pyrarmid sceme the ones at the bottom will loose out.
Only the one at the top will have all the money. The ones at the bottom looses money.
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That why it is against the law to do the cash gifting in a pyarmid format. I distinctly recall a few years ago that the government shut down an operation called the Telecard Network, which was involved in the sale of telephone calling card as an independent marketing company, using network marketing as their vehicle. The per minute rates were above the market rate for long distance calls and, therefore, representing a scheme to defraud customers.
The bottom line — what is tagged as a scam or a scheme is sometimes, but certainly not always, attributed to fraudulent business practices, while at other times, it is a subjective, knee-jerk claim to discredit legitimate attempts at productive transactions. In the second case, those without the facts or the wisdom to hear the complete story are just as guilty of slander and libel as in other instances, and without the need to provide justification for their callous condemnations.
I totally hear you about the government. Cash gifting is just a pyramid or ponzi scheme that can NOT be sustained. By the way, I do agree with you that folks use the word scam very loosely.
Now more than ever companies have to be diligent about fighting these false accusations by addressing them directly when they do surface.
Hopefully as time progresses people are able to read between the lines as I often do when I hear such claims. Either way I hear your points. But a pyramid scheme is just that. Ask the victims of Madoff. Questionable corporate bailouts and under the table dealings aside, the facts are the facts when it comes to these ponzi schemes. Take care and thanks for sharing your two cents. I am looking for information on cashgiftspro.
It says to be cash giving site, although it looks like a forced matrix. You have plenty of legitimate options listed on the following pages: She said she is actually doing quite well and I truly hope she is. My educated guess is that she is trying hard to take advantage of EVERY medium out there in hopes of getting a few people to sign up so she can recoup what she may have invested.
I sent her this link and I truly hope she chimes in. If folks are going to invest money, you want to do it with a legitimate business opportunity like avon or something credible.
You all know my constant recommendation is http: In any event, thanks for sharing. I hope that you move on to more legitimate opportunities, as there are many you can invest in that provide the proper support and training and actually offer a real product.
I make them all the time on this blog. Probably have a few in my response to you. You might want to check out our scam video: Sorry about all the typos…my keyboard sucks on this laptop…never buy a Toshiba!!! I think the new gash gifting where you get your money only on your birthday is pretty cool so long as everyone follows through!!
TCLS…and I have been enrolled for 4 months now. You do not need hosting for your domain which is good…just a domain that forwards to the cloaked referral site and then the system basically sell itself.
The cloaked site is exactly the same as the one you intially signed-up from with your embedded ID.
Very easy and user friendly set-up…. You MUST get a minimum of 10 people in your first level downline for this sytem to be even slightly profitable!
There are also ways to scam and join without paying. The forum that they have has lately been FLOODED with negatice comments, and people are dropping like flies!
Then, after 6 months you must re-join and start all over again!! I got 3 signups in 4 months…2 more and I have to leave…so how does it sound.? If you would like to know more about please feel free to contact me!!
You can think what you want. Thanks for your kind words. Does this cash leveraging system work pretty much like a cash gifting opportunity? If it does, then pass on it. I know sometimes these people like to put variations on things to differentiate themselves but if the basis is still similar it should be avoided.
Or just invest in another home business opportunity that has been around for a while with a proven record, avon etc. I have been using your blog as a resource for the past few days and I want to thank you for your diligence and fantastic info.
With that being said, I was sent info on a cash leveraging system and have been researching that. And according to my research on other forums, you can only be enrolled for 6 months and then you have to start over. What are your thoughts? I think most people will trust the feds that say cash gifting is a scam over you any day buddy.
Making Money is TOO Hard…Try RECEIVING It! Receive CASH To Your Door Using Our System! The federal trade commission says its a scam! There are too many legitimate ways of making money at home than risking giving a stranger a cash gift hoping to get it back and more. Well after doing some research on Cash Gifting. I also found several articles online that offered unbiased and insightful information on this activity.
I must say that I found overwhelmingly more good information and evidence than bad about cash gifting. One article comes to mind, of a gentleman that also saw all the video testimonials online, did his research and eventually joined this activity himself — http: There is no upfront cost to join program.
You also have to do 2 favors once you get your money. It all stems from ministers hoopers generosity to help people. I just dont see how this could work. They list a phone number for conference calls to learn more about it. Has anyone heard of this. Is it another Scam?
If there is no tie to your personal accounts and u dont pay anything up front like most scams, and all u have to do is open up an acct on a secure site like AlertPay. Where is the scam. Is it money laundering??? Don't subscribe All Replies to my comments Notify me of followup comments via e-mail. You can also subscribe without commenting. Leave this field empty.
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