Comments on: Cash Gifting Programs: Legal?

By: opportunity4all

opportunity4all — Sat, 23 Oct 2010 04:26:26 +0000

I personally disagree that all cash gifting activity is illegal. A lot but not all. Remember that.. I’m engaging this kind of activity and until now I’m still practicing it. And it’s good.

By: marlon

marlon — Fri, 25 Sep 2009 19:24:47 +0000

The FTC and RCMP claim cash gifting are illegal pyramid schemes..neither one of these organizations however have any actual written LAWS to back it up. In fact, the only law or code you will find on gifting is in an actual IRS tax code section that clearly states in writing that cash gifting is LEGAL under the correct circumstances. Each of these organizations are giving you OPINIONS on their stand on cash gifting. 90% of people in cash gifting fail because they dont genuinely want to help people - they just want to get rich quick. if you do ANYTHING solely with these intentions, you will fail. furthermore, if enough of these people who fail go to places like the FTC to complain, of course the FTC will take the majority side of the fight and make baseless opinions seem like actual law.

By: Joan Peterson

Joan Peterson — Fri, 11 Sep 2009 18:43:44 +0000

No cash gifting program is legal.

The BBB calls them Mini Bernie Madoffs.
The FTC and RCMP both call cash gifting illegal pyramid schemes.

Not once do any of these agencies say that there are cash gifting programs that are legal. Why not? Simply because each one is a scam.

It does not matter what spin one puts on them, they are all illegal.

By: Fred

Fred — Wed, 09 Sep 2009 07:14:21 +0000

Legal or Not! What gets me is that if gifting programs are so bad or illegal, then why have they been floating around the internet for 10 years now. I know for a fact this is true because I got into the Eco-Sov 800 A.K.A.(TODAMNEASY) program back then myself and it is still around.

By: Bob and Anna Bassett

Bob and Anna Bassett — Sat, 27 Sep 2008 04:55:05 +0000

Joanne, we agree totally.

Our amazement at the number of gifters on YouTube prompted us to contact the NJ OAG and the Canadian RCMP to ask if gifting was legal.

Answer? NO!

We have since been told by friends in the UK that it is illegal there as well.

Gifters will quote tax laws (and even Scripture) to prove their legitimacy, but to date, not one of the gifters we have talked to has accepted the OAG Challenge:

Take your gifting plan to your state Office of the Attorney General and ask them personally if it's okay.

Don't worry about your wrist size. Handcuffs are 'one size fits all'!

And don't worry about a ride home. The OAG may invite you to stay over.

Bob and Anna Bassett

By: Mathew

Mathew — Wed, 24 Sep 2008 08:55:17 +0000

I was just going through your site about cash gifting. In my view just cash gifting is not possible and will not be covered legally. There should be some product in between without which according to my knowledge, is not possible. If I am wrong, correct me. Thanks

By: Joanne

Joanne — Tue, 09 Sep 2008 20:18:24 +0000

Its interesting how so many people involved in cash gifting claim they were failing in MLM and made no money but they are now.

Also these cash gifting programs tend to target network marketers who arent succeeding... some of the web pages say "no recruting" "no phone calls" etc, implying there is really no effort involved. However, if no one does anything, no one makes money.

I dont believe cash gifting is legal though. There is no product or service which is a requirement. No legitimate MLM pays someone simply for recruiting, there must be a product or service purchased for commission to be paid. That isnt the case with cash gifting.