The Hard Truth About Cash Gift Scams
If you search the internet for any significant period of time under the query “cash gift scams”, you will be directed to about 2-3 forums discussing the topic, 5-6 videos of people giving negative feedback on the activity, which usually consists of arrest threats and thousands and thousands of articles, videos and blog posts that take advantage of the keyword “scam” to increase their visibility. Before coming to a clear conclusion about Cash Gifting, I suggest everyone interested in the activity to look at the few outlets that discuss the possibility of Cash Gifting being a scam.
If you do your research, you may find some news articles detailing how a particular gift club got busted for its pyramid gift structure. The diversity of these schemes is staggering, yet the lives they have ruined reverberate across the country, giving most Americans the unconscious impression that all online cash generation systems are frauds. Let me describe the various groups that have been arrested for their cash gifting pyramid schemes.
– After the popularity of “house party sales”, a group of women tried to capitalize on the idea by creating a series of “women only” pyramid schemes. Using titles like “Circle of Friends”, “Women Helping Women”, “Gift Club”, “Heart to Heart”, “Charity Gifts”, “Renewal Celebration”, “Women Empowering Women”, “Women’s Empowerment Network”, “Women for Women” and “Dinner”, the women organizing club attracted other women by organizing conference meetings that required all attendees to pay an entrance fee to recruit other people. The promised payout was phenomenal with many guaranteeing a final payment of $40,000 after an initial promise of $3,000. More than half of the women on the show have never seen money.
– Another popular draw for cash gifting clubs are “themed” clubs that attract men with names like “Pit Stop,” “NASCAR,” “Men’s Club,” or “Money Exchange.” One group in particular targeted 4,000 men using auto racing lingo. Participants were asked to “donate”, a contribution of 2000 to become members of a “pit crew”. They were then promised $16,000 in a few weeks once they became a “lead driver.” The group quickly disintegrates when the original investors stop investing the money they have earned and quickly leave town, never to be heard from again.
The promoters of these schemes take advantage of the natural human attraction to fellowship and the modern struggle of financial life so that the few people at the top of the group, usually the creators of the scheme, receive the prizes while everyone at the bottom receives them. people are left with empty pockets. It is rare for one of these gift clubs to last more than a year, and since the pyramid structure inevitably falls apart, which is one of the biggest indicators of a pyramid scheme, the money generated by the club cannot pay the returns promised by members who joined later. Along with the information discussed thus far in this article, I advise everyone to do their own research behind the structure of the pyramid scheme and why it devastates so many innocent people. Also look out for the Ponzi scheme, coined in honor of the late Charles Ponzi, who in 1903 started one of the world’s largest scams luring 40,000 people to invest $15 million in total. Profits were supposed to come from the exchange of international postal reply coupons. He promised 50% interest (return) on investments in 45 days or “double your money” in 90 days. Only a third of that money was returned to them.
I advise everyone who wants to partake in cash giveaways to first educate themselves well about the different scams out there because at any time you can become a victim of a scam. If you haven’t already done a Google search to verify much of the information I’ve outlined in this article, I suggest you educate yourself and make an informed decision. However, while searching for “Cash Gift Scams”, also simply search for the term “Cash Gift” and see what you find. You will see thousands of articles written by people from all walks of life. You will see lawyers and real estate agents, construction workers and housewives. You will see college students working with retired people to pass on their internet knowledge so that even a person starting out with no knowledge of online marketing can get up and running.
The biggest difference between the headline-grabbing “gift clubs” and the private activity in which thousands of people around the world are involved is the simple truth that you can’t find a pyramid. The most popular cash gifting programs have been around for over 5 years and some have a history of over a decade. If the cash gifting program you join follows the traditional 1-up system, you’ll quickly see that there are no oligarchs controlling the operation at the top, while everyone below them suffers. There is no pyramid; there is only the simple act of giving from one person to another and after finding that one person is your 1-up qualifier, which is given to your mentor, you are in the exact position as everyone around the world participating in this activity. . You have no further obligations to anyone but yourself once you take that crucial first step. The power behind this system really shines when you can qualify within hours of participating for the first time. And if not in hours, a few days of conscious effort will get you there. Is it really a pyramid scheme if you can equal everyone involved in the activity around the world in a matter of hours? Only you can find that answer.
