Cash Gifting Goes From Act Of Philanthropy To Scam
Cash Gifting has become known as one of the biggest scams of history. People have been taken. They have been lied to. They have had their money literally stolen from their pockets. Scam artists first flooded the postal service and then the Internet with bogus programs that never delivered the goodwill and helpfulness that they promised.
The vast majority of modern cash gifting programs are in fact scams.
Cash Gifting Mentors wil claim that they only want to help those in need. What they don;t tell you is they ARE the needy.
That would be wonderful if it were true however on close look at some startling facts.
More people loose their money than get any money.
Most of the Cash Gifting programs operate in a thin grey area of the law (Barely legal if not completely illegal)
Cash Gifting programs are notoriously operated from within a shroud of secrecy. (What are they hiding?)
Cash Gifting programs operate on greed and desperation - Their greed and your desperation.
Internet based Cash Gifting programs are among the latest pyramid schemes to hit the ether. Thousands of people have been going to clandestine meetings to learn how they can help other people and themselves change their lives by getting rich quick. Part conference call, part revival meeting, the calls are held as often as four nights a week. While it's impossible to know how many people belong, members of some Cash Gifting groups say that more than 200 people at one time have each paid $5,000 in cash in hopes of reaping a $40,000 jackpot five to seven weeks later. If true, there is at least $800,000 to $1 million of unreported, unearned cash in the safety deposit boxes, dresser drawers and bedroom closets of people around the country.
The steep initial investment and high payoff appeals to a mostly middle-class crowd, the kind of people who have access to three - five grand and are willing to hand it over to a stranger.
Cash Gifting programs might look like a clever gifting system that skirts the IRS, but in reality it's nothing more than a basic pyramid scam, similar to a chain letter. Pyramid scams have been around as long as there have been people who want to believe they can get something for nothing. They've been described as being like wildfires, flaring bright until they're stomped out, only to spark again in another location.
As much as its members want to think otherwise, these Cash Gifting programs aren't about people helping people; it's about people cheating people. It's an illegal scam that's bound to collapse on the very people it claims to be empowering.
When they first hear about Cash Gifting, skeptics wonder how anyone could be so stupid as to join. But the most successful pyramids have a hook that appeals not just to greed but to something higher, to social or political affinities or emotional connections, allowing people to suspend logic in pursuit of the payoff.
If you have an extra three to five thousand and you want to gift it to the needy my advice is to choose a worthy chairty because at leat that way it is a legal tax deduction.
If you want to start a viable business to last for the long haul, I suggest that you register here for real information: http://cashgiftingisillegal.trimeeting.com/
Charity really does begin at home.
