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Author Topic: CASH GIFTING SCAM- The Bad, The Worse, The Ugly  (Read 1975 times)
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Josef Benjamin
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« on: August 10, 2008, 09:52:18 AM »

I curiously clicked on the “play” button on youtube recently about “make money cash gifting”,.
This one guy, who shall remain nameless, was talking a really good game about how GREAT cash gifting is.
 How it made him loads of dough and he’s just rolling in it, and how you can to.

Cash gifting’s a great example of a 1-up system. 1 - up systems are uni-levels generally. 
Because 1-ups have multiple entry levels and qualification standards the “paylines” actually cause
the “downline”  to take on a structure that’s clearly pyramidal in structure.

The giving of money as a gift is fine - but that’s NOT what this is…this is a glorified ponzi scheme
exploiting innocent people and a loophole soon to be closed.

The very nature of the name  should raise suspicion - Cash Gifting.

If you have to PAY INTO these gifting clubs - it’s a scam.  A gift, by it’s  definition,  is a thing
given willingly to someone without payment. If it’s a GIFT, why the hell are you and  I paying for it? 
- - - - -
“The Gifting Club Gotcha” FTC :

A legitimate gift has no strings attached and is therefore, not an “investment”.  Avoid being
mislead into thinking a gifting club’s legitimate  because the ad’s say that members consider
their payments as a gift and expect nothing in return. This is a sorry attempt to make an illegal
transaction look legal.

- - - - -
This should raise red flags immediately!

They are modeled very similarly to a pyramid scheme. They never last long and if your stuck at
the bottom, your screwed when people wise up to this “old concept with a new name” and start
demanding MASS REFUNDS. The system collapses…

Gifting schemes always leaves losers because they leave losers when people start to complain
and report when they aren’t making any money.
And they realize they won’t be making anything
long after they’ve already joined because only the top 10-15% of those who started at the top will
benefit. The other 85-90% won’t.

It’s the basic law of averages.

To be frank, The pyramiding structure itself is not the REAL problem. Every large pyramid scheme known
to man (corporations, governments,  businesses, etc)  is a pyramid if you’ve ever seen a organizational chart.

The real problem is when there is no real product or service being sold.

The system is just a bunch of new people giving old people money while the new people are hoping
the newer people will come around and give them money. There is no “VALUE” being traded to contribute
to anyone’s livesand eventually those who were tricked into this scheme will be at the end of the thin
line - prepare for a rude wake up call.

And those who “knowingly” promotes that which “takes away” from unsuspecting people without
giving more in return - Are old fashioned bank robbers - minus the black mask’s. There will come
little joy from the attainment of the money made and majority of them will almost certainly lose it
as fast as they made it. A true definition a Ponzi scheme.

Hopefully, this article is of great value to you and will help prevent you from being suckered into
this “financial death trap”. There is no such thing as “Easy Money”. I don’t care what business you
choose to get involved in, it will require quit a bit of work on your end. With that comes with it’s true
rewards - happiness, freedom, and a sense of accomplishment.

After you do a little elbow grease, than the money becomes easy to make. You see people have
it COMPLETELY backwards.


Conversations will dull quick if a friend or family member asks you the sweat question : “So, what do
YOU do for a living”.

I f you take the easy road out, you will eventually suffer the consequences.

Take the time to build a business and you will see the fruits of your labor in return. It’s simple if you
take the time to learn and apply yourself. We all have something of value to offer, just don’t be afraid
to share it with others.

The simple definition of the law of reciprocity states:

The world gives you, that which you give to the world.


Until later,

Josef Benjamin Rosenberg
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Joreymay
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« Reply #1 on: August 11, 2008, 10:52:44 AM »


And those who “knowingly” promotes that which “takes away” from unsuspecting people without
giving more in return - Are old fashioned bank robbers - minus the black mask’s. There will come
little joy from the attainment of the money made and majority of them will almost certainly lose it
as fast as they made it. A true definition a Ponzi scheme.

Actually, a Ponzi scheme is a little more specific. It is an "offer" of participation in a high yield investment program (usually specified in a general manner), which turns out to operate by using the money from later "investors" to pay the simulated yields to earlier investors (thereby generating enthusiastic and documented testimonials and referrals - and reinvestments). In the original scheme, the "program" involved arbitrage of postage stamps.

Jorey
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« Reply #2 on: September 10, 2008, 05:37:23 PM »

I remember years ago, before the net was even mentioned, I tried the send $5 to each person on the list, move your to the top, ect. Seems it was even suppose to be from a lawyer, Edward Green or something like that. Even took out an ad in a freebie paper and bought a small list. Believe I saw about $10 out of the deal.

Of course it was a scam, but heck I didn't know any better back them. Amazingly I still see it crop up here and there.

And of course all those people pushing it are rolling in dough.. liars..lol
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« Reply #3 on: March 24, 2009, 04:40:20 AM »

I'm totally sick of these Scam Artist.   I think there isn't enough done to stop these people.
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« Reply #4 on: April 05, 2009, 07:17:52 PM »

I remember years ago, before the net was even mentioned, I tried the send $5 to each person on the list, move your to the top, ect.

I tried that before. And realized it was a scam. Now i avoid cash gifting. It wouln't make you rich.
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« Reply #5 on: April 15, 2009, 02:06:34 PM »

I am sick and tired of these scam professionals something has to be done about it
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ricky08
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« Reply #6 on: May 07, 2009, 08:38:01 PM »

I almost join one of these.   I was very skeptical though.   You know, one of those it looks to good to be true type of deals.   
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« Reply #7 on: November 04, 2009, 04:14:01 PM »

Yeah I know, gifting scheme are tempting.  It always looks like there's a new angle, but it's the same game.
It's almost as bad as prostitution.  You get a quick thrill.  Then you lose your money.
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« Reply #8 on: December 20, 2009, 01:06:39 PM »

It's almost as bad as prostitution.  You get a quick thrill.  Then you lose your money.

I'd say it's worse. Prostitution involves providing a service that the customer wants.

All the cash gifting programs I've seen seem to involve people just sending money around, with no explanation of where the profit comes from, and no real product or service being sold. The math makes no sense.

If we all give each other $100 for Christmas, we end up even, as far as money goes.
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« Reply #9 on: December 21, 2009, 02:01:19 PM »

I remember years ago, before the net was even mentioned, I tried the send $5 to each person on the list, move your to the top, ect. Seems it was even suppose to be from a lawyer, Edward Green or something like that.

If it makes you feel any better, the guy that started that scam (the so-called lawyer) ended up doing 10 years in federal prison for it.

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