Cash Gifting is probably one of the worst scams I have seen hit the internet. Yes, I know the argument that according to the IRS, cash gifting is legal. Yes, it is true. HOWEVER, there is another side to that section on ‘cash gifting’. Cash gifting as a form of creating income – IS NOT legal.
Let me explain it another way – If I send you $XX as a gift and then expect to receive $XX back from someone else… that my friend, will get you in BIG Trouble. HOWEVER, don’t let the name of the opportunity fool you too…. the program really has nothing to do with cash gifting at all.
Here is the spam email I got.
We gotta $$CASH COW $$ HERE!
Not just a bunch of internet HYPE!
WE are the REAL thing!
This is NOT A JOKE
and please take this very SERIOUSLY if you want to make some EXTRA CASH!!
Cost: $10 to start via Alertpay
Break Even Point: 1 recruit (your efforts or from spillover)
Potential income: Thousands!! (Like a POTENTIAL 0f over $900,000 THIS YEAR!
This was just launched and is an invitation to have some fun and earn BIG TIME!!
Do I have your attention?
Good, then JOIN US now!!
Thanks and see you on the inside!!
Michael,
http://www.xxx.com
PS..The name “Cash Gifting”, please disregard..It is not what you think. This is the best and most thought out matrix program to date!! Instead of sharing your membership fees with admin, you are paying people direct.PSS..Having difficulties recruiting? No worries here!! Spillover counts as a PERSONAL RECRUIT!! Nobody gets left behind and the Equal Opportunity Team will be there to help for a long time to come!!
But WAIT ! If they have given the opportunity the name "Forced Cash Gifting" and it’s not really, then what the heck is it?
According to the Terms as of the writing of this article:
ForcedCashGifts is a promotional marketing tool used to help members promote all of their offers on the Internet. ForcedCashGifts does not make any promises written or implied as to the amount of money that can be made from ForcedCashGifts.
I’ve seen so many programs like this many. many times. They come-they go-they change names….. people spend money on things they don’t understand, simply because of the HYPE of the sales page or splash page.
Here are some RED FLAGS one should consider before they waste their time and/or $10, $20, $40 – up to $1280.
#1 When you spend money for something and then find out you have been the victim of fraud, if you used a credit card, you can file a fraud claim and have a pretty good chance of recovering your funds. Not so with Alert Pay. The site says you can use a credit card through Alert Pay, but there’s no way I am giving my credit card info and pin number on a site like this. That’s insanity.
#2 At the time of this article, there is absolutely NO contact telephone number, no way to contact anyone through any other means than email. If you are getting involved in ANY business opportunity, you MUST have a way to contact someone via telephone. Would you buy into a franchise that was not willing to give you a contact phone number?
#3 Checking the domain registration to find out who is behind this program is impossible. The creators hide behind Privacy Protection. The creation date was Jan 19, 2010 and they only registered the domain for a year… not a lot of commitment there. And hiding behind a Privacy Protection is just that – HIDING so you can’t find them later.
#4 Deceptive name of the program. Why call it FORCEDCASHGIFTING when it’s not? Why? This may not seem like a big deal to you-but it’s got to do with integrity, character and truth. Leaders in the industry say the internet has become a cesspool. Indeed, it has.
We want to believe that everything on the internet is on the up and up… It’s not so. Tomorrow there will be another 100 or maybe 1000 people who put up a a ‘get rich quick’ opportunity site and we’ll have thousands more victims lying along the roadside. Don’t let one of those victims be you.
~Jennifer Fisher
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March 18th, 2010 at 10:57 am
Just wanted to say this:
I’ve looked at lots of different opportunities over the years, and I firmly believe that the “scam” is in the person, not the program. ANYTHING can be turned into a scam if it is not properly and ethically presented.
If cash gifting is property and ethically presented as an activity engaged in by like-minded people who believe in the power of giving and of reciprocity, then let them do their thing.
It is when people are misled and an opportunity is misrepresented that a scam is created.
This guy in the email is clearly not representing things as they actually are and is confusing people along the way. Not good juju.
Let me know what you think.
Todd
March 31st, 2010 at 11:33 am
Todd, though I appreciate your stopping by and commenting, I must disagree with your statement that cash gifting, presented properly and ethically is legal. Any type of gifting based on the concept of it being a way to create income is illegal.
However, since this program actually has nothing to do with cash gifting, the legalities of cash gifting is a mute point.
~Jennifer Fisher
August 20th, 2010 at 11:26 am
I have done a LOT of study on different Cash Gifting programs and have come to some obvious conclusions.
1. The idea of sending someone a CASH GIFT in and of itself is perfectly legal. It is when you recruit and train people and then teach others how to “market it” in order to produce an income…THAT is when it crosses the line. I love when people try to argue that “it is the same as sending your dad a birthday or Christmas gift.” Really? Do you also ask dear old dad to sign a “gifting statement” and a “non disclosure document” so that he cannot come after you or press charges if he feels he was ripped off? Hmmmm..?
2. Gifter’s always claim that they are “Giving to help their fellow man and do not EXPECT anything in return.” They don’t expect anything in return from the person they GIFT but the DO expect others to Gift to them. The REASON people get into Cash Gifting is EXACTLY the opposite. The ONLY reason they are sending money is so that they can “QUALIFY” at a certain Gifting level so that they can start receiving CASH Gifts and get rich. Blows that whole concept out of the water doesn’t it.
3.The reason Cash Gifter’s use PRIVATE CARRIERS such as UPS or FED EX is because the US Post Office considers this Activity a FEDERAL OFFENSE if you are caught doing it. That means Prison! (they have their own Police Force you know with the powers of arrest and real guns and handcuffs.) Another reason for using private carriers is so that it is shipped overnight and is not in the Mail system more than 24 hours. The only problem with that is…what if the Gift gets lost or stolen? Are YOU going to try and explain to them the reason you chose to send a large amount of untraceable CASH through their service and file a claim to get it back in full? I don’t think so. They will wonder why you sent Cash and not a check, money order or bank wire transfer. After that, they will be calling the FTC with YOUR contact information.
Companies Like “Forced Cash Gifts” (and others) have got really “sneaky” and are using payment processors now like AlertPay to receive gifts (so the FEDS won’t know about it because it is done electronically rather than through the mail.)They also start at a small amount instead of starting like they used to at say $500 so that if anyone does try and go after a gifter, what lawyer in his or her right mind is going to take a case for $10…$25…$50 or even $125 bucks? They would laugh you out of their office.
There are of course MANY other reasons but the bottom line is that this kind of activity is nothing more that a desperate attempt to receive income without having to pay taxes on it because it is sent under the pretense of being a GIFT. Because of these difficult financial times we are all facing, people are doing anything they can financially to get “instant Cash” in their hands.
Their feeling is…I’m just going to keep riding this pony until they flat out make it a BLATENT LAW that says if I’m caught doing it, I will go to Prison.” Like the old saying goes…”It’s not illegal, unless you get caught.” Well…to me that’s like jumping off a 10,000 foot cliff and not worrying if I’m going to die. I mean after all “it’s not the fall that kills you right?….but Cash gifter’s are just turning a blind eye and a deaf ear to the last part of that phrase…”it’s that sudden STOP at the end”.
Just be on the safe side and if you are going to start a home business, choose something you can LEGALLY call a business and not an “Activity between like minded individuals.” (lol)
Just my two cents.
Ken :0)
ps: No Gifting statement or non disclosure documentation required.
August 21st, 2010 at 2:26 pm
Wow, Ken!
I’d like to contribute just 2 cents more to what you have so graciously contributed.
It IS also illegal to send cash through UPS and Fed-ex. That is why many gifting programs had you putting your disclosure statement and envelope of cash inside a magazine.
Alert Pay is pretty sneaky, but what gifters do not realize is that this practice creates an electronic money trail.
Thank you Ken, for dropping by and adding your two cents. No gifting statement or non-disclosure statement necessary here with my contribution either since you were not expecting anything in return (from ANYONE) for the contribution of your two cents.
~Jennifer
October 1st, 2010 at 9:05 pm
Hey there I took a look at Gifting for the first time 8 weeks ago
I know nothing about it. Can you tell me about this one [link removed] I will rely like your feed back
Jamin
October 2nd, 2010 at 3:56 pm
Hello Jamin,
Cash gifting may be legal in the Bahamas but it is NOT LEGAL as an income earning method or business opportunity in the USA. To my knowledge it is NOT legal in the UK. To my knowledge it is NOT legal in Canada.
With that said, there is no need for me to evaluate any cash gifting site to determine whether it is legal or not.
Thank you for stopping by.
~Jennifer Fisher
PS: I had a very interesting conversation with a gifter not long ago. When I mentioned it was illegal here in the US, his response was “well, that is why we have to do it this way”. Which tells me most gifters KNOW it’s illegal, but as Ken said above… “gifter’s are just turning a blind eye and a deaf ear”.
October 25th, 2010 at 1:04 pm
HI JENNIFER I AGREE WITH EVERYTHING YOU HAD TO SAY ABOUT THESE CASH GIFTING SCAMS. CAN YOU RECOMMEND A GOOD INTERNET HOME BASE BUSINESS THAT I CAN GET INVOLVE IN WITHOUT BREAKING THE LAW OR BEING SCAMED. THANKS
October 25th, 2010 at 9:21 pm
Allan, I was once where you are. I can’t tell you how many scams and illegal things I got into without knowing I had done it because it is human nature for honest people to believe that everyone else is too.
I started the road to understanding the difference and how to look at all these internet opportunities when I downloaded the book I have listed here on my site, Success in 10 Steps.
It was through the free training this volunteer organization provides, that I began to understand how the industry works, what to look for and what to run away from and no one ever asked me for a dime.
If you would like to have the knowledge, I recommend you download the book. If you are willing to learn about the industry, I am willing to help you weed your way through.
Will I ever tell you what company I picked? I’m not sure because it’s more important you get your self educated so that you too know what to look for and what to run from than it is that you join me in my business.
Wishing you the greatest of success,
~Jennifer