Cash Gifting Programs

[getrichmom]

They arent cheap either, my inlaws joined one about a year ago. It was a 1up program. They actually tried to get my husband and I to join. They paid their first $500 to a sponser and now they have to bring somebody else in so they can earn back their $500. It's really very confusing. They have videos with little stick figures branching off of each other. Then on top of that , my fil spent more money for a mailing list.

Someone posted this earlier, but as times get harder, we are defintely going to see alot more of this type of thing.

[Yuliya Mironova]

I'll say. The ones in 1-up programs tell you theirs is different and not illegal because it's a 1-up, and the others tell you that theirs is different and not illegal because it isn't a 1-up. That's a distinction that the people who can arrest them are unaware of, though! [img]smileys/smiley7.gif[/img]

[itsjoanne]

Thank you, Yulia for posting this. It needs to be said again and again.... because people come back here over and over promoting the same schemes and getting away with it.

I think its only going to increase as the economy tanks, and you are right about the motivation. It's greed and laziness in my opinion.

We will have to keep educating, and hopefully the promoters of these scams will realize we are not going to give up.

Well done. [img]smileys/smiley32.gif[/img]

Joanne

[Julsy]

I am sorry, but I just don't see a problem with doing the very inexpensive programs. Like it or not, there are people making LOTS of good money in some of the better "gifting" programs and if you find one that isn't a 1 or 2 up program, then everyone that gets in, is next in line. The way I see it, you give your due and work your butt off getting the word out and it works for everyone. The proof is in the millions of people making money around the world. And as for illegal, the IRS doesn't consider anything illegal if you pay tax onit. I think where the illegal part comes in is your local state laws, but honeslty, think about it. The only ones that aren't making money are the ones not working their business. And I have yet to hear of 100's of 1000's of people getting arrested for any "cash gifting" program. The reason people do them and are so called "suckered into them" is because if you find the right ones out there, they work! And who can honestly say they wouldn't give away $25.00 knowing full well you will get money coming in constantly???

Please don't hate on me or bash me for my honesty!

Thanks
Julsy

[ArTsYwRiTeR]

I had no idea these kinds of businesses were such a big deal. I actually didn't know that those kinds of programs were illegal (still, never been involved though) I'll make sure to watch out for them from now on.

[Yuliya Mironova]

Originally Posted by Julsy

I am sorry, but I just don't see a problem with doing the very inexpensive programs. Like it or not, there are people making LOTS of good money in some of the better "gifting" programs and if you find one that isn't a 1 or 2 up program, then everyone that gets in, is next in line. The way I see it, you give your due and work your butt off getting the word out and it works for everyone. The proof is in the millions of people making money around the world. And as for illegal, the IRS doesn't consider anything illegal if you pay tax onit. I think where the illegal part comes in is your local state laws, but honeslty, think about it. The only ones that aren't making money are the ones not working their business. And I have yet to hear of 100's of 1000's of people getting arrested for any "cash gifting" program. The reason people do them and are so called "suckered into them" is because if you find the right ones out there, they work! And who can honestly say they wouldn't give away $25.00 knowing full well you will get money coming in constantly???




Please don't hate on me or bash me for my honesty!

I don't hate you, Julsy. I don't even know you.

You say "don't bash me for my honesty" but your sig-file is promoting something that's just plain illegal. Perhaps not so well placed to refer to your "honesty" as you thought, then?

Judging by the posts above, I'd guess that it would be even more naive and unwise of you to expect sympathy and warmth here than it was to have joined this disgraceful criminal activity in the first place.

I hope you don't get arrested for it, because I suspect you're just very naive rather than actively malicious, and you haven't quite worked out that the money (if any) you're making now is going to be lost by people further down the line (where did you imagine it was coming from???!). But don't ask for sympathy, please!

In my opinion (and the opinions of many members here) this forum is making a bad misjudgement by allowing you to promote that scam in your sig-file rather than banning it being mentioned as some other forums are doing.

There seem to be a lot of people here who agree with that perspective, too.

[Jerry1952]

No bashing, and no "hating" here.

Here are the basic facts, regarding Cash Gifting.

It's considered, by the IRS, to be a pyramid structure, which is illegal.

I've been pitched, a few times, by people who are in the cash gifting business, and all of them, continuously give out erroneous or misleading information, regarding tax regulations and legal ramifications.

Do your own homework.

You don't have to believe me or Yulia. Contact your local IRS office and ask them what their position is on the Cash Gifting business. Getting it straight from the proverbial horse's mouth, should tell you to stay away from this business.

Of course, it's still your final decision. I just have a personal problem with getting involved with any business that is very questionable and requires that you mislead and mis-inform, in order to make money.



Edited by: Jerry1952

[Julsy]

So it keeps being called a scam. How is it a scam if everyone is making money? Against what you believe, all "gifting" programs are not created equal. You keep saying that I am misleading people, where is your proof that anyone has ever been arrested or that anyone will be, for getting involved in the exact systemI am in? And again, I say, the only ones in the system I am in that won't get lots of money are the ones that get in and do nothing, just like any other MLM. And as for it being a "pyramid" scheme, well most people in general think ALL MLM's are pyramid schemes. So, how can you all with your MLM's that sell people products and services that people really don't need or can probably live without sit back and label ALL "gifting" programs scams and pyramid schemes when the people in the few good ones are honeslty making a LOT of money? And I will also say that NOWHERE in the program I promote doesit mislead or mis-inform anyone! Again, you are putting ALL "cash gifting" programs in the same category, and they are NOT! The only reason I got into the one I did is because no matter what happens with it, nobody ever puts more into it than $25.00 EVER! So, sue me over $25.00, I don't think so and the rewards are GREAT!

[Yuliya Mironova]

Originally Posted by Julsy

How is it a scam if everyone is making money?

Everyone is not making money out of these things, Julsy. I can't begin to tell you how naive that is.

Who do you think ends up losing the money that you're making now? It's a simple enough question.

Originally Posted by Julsy

Against what you believe, all "gifting" programs are not created equal.

I didn't actually say that they were. But the one you're promoting, the Cash Leveraging System, is illegal.

Have you read any of the links I've provided?

Originally Posted by Julsy

most people in general think ALL MLM's are pyramid schemes.

Many people do, yes; exactly my point. That's one of the reasons (not the main reason but one of the reasons) these things get professional network marketers so angry: your illegal scam is tarnishing the image of the rest of us who are selling bona fide products in genuine public demand which people are re-ordering because they want to buy them.

Originally Posted by Julsy

nobody ever puts more into it than $25.00 EVER!

Yes, I acknowledge this point freely. There are much worse ones about - nobody is suggesting otherwise. But that doesn't make it legal, for Heavens' sake!![img]smileys/smiley7.gif[/img]

[Julsy]

The only people losing money or are not making money are the people NOT working their own business. No different than any of the many other businesses posted on this site. I have read some of the links you posted and it looks like laws vary from state to state and again I say to you, show me the 100's of 1000's of people who have been charged with anything illegal in "The Cash Leveraging System" or for that matter any of the many others out there who have 100's of 1000's of people in them. If its so illegal, then why is the law not doing anything about it? Everyone gets in willingly and nobody is getting hurt or losing anything if you work your business. I personally have tried SOOOO many programs that are so called not-illegal pyramids and MLM's and lost so much money I can't even tell you because of having to buy products I didn't even want or need, but had to buy them to stay in the business, so I chose to go the way I did because I got tired of feeling like I had to force products and services on people. So, in my mind, I am better off with this system. If and when there is ever an issue of "gifting" sites being shut down and people arrested, then I will take note and realize that I cannot ethically get anyone into a business like that and I would in turn remove myself as well. Furthermore ALL MLM's work on a pyramid and anyone can say according to the law that they are all Illegal as well!