Cash Gifting – The Top Ten Reasons To Avoid It

We have compiled a list of reasons why anyone who is trying to figure out how to make money should steer clear of cash gifting. While this list is not exhaustive, you get the picture.

1. Cash gifting is a sibling of the pyramid scheme. As you probably know, several of people have gone to jail due to their involvement in pyramid schemes. This is even the case for those who have lost their money.

2. You are expected to trust sending hundreds, if not thousands of dollars to a stranger who you will never get a refund from.

3. You are faced with the task of getting people to send untraceable cash to strangers. Those strangers being you and the administrator of the scheme.

4. You almost never know who the administrator really is, meaning that they are trying to hide from you. People usually hide when they have something to hide.

5. Customs may flag and hold packages crossing international borders. I actually know someone who this has happened to.

6. You should be proud of what your are doing by making money, not taking money. Plus, you should never have to give someone money before you can make money.

7. The existing case law and statutes give a strong indication that cash gifting is illegal. The tax code is often cited in an attempt to claim that cash gift is legal. However, the subject matter of the tax code is whether a monetary transaction is taxable or not. It has nothing to do with legality. Even drug dealers can be charged with tax evasion under the tax code.

8. Sending concealed hundred dollar bills via overnight mail is extremely burdensome to anyone. Not only are people uncomfortable with this, they do not want to waste the time.

9. Often times cash gifting programs claim that they have leaders in place who will call your prospects for you and have the prospects send the money to you. If you believe this, you are extremely naive. These so called leaders are stealing prospects and having the money sent to them. I have spoken to people who this has happened to.

10. I am sure that you have heard this one before. Whenever something sounds too good to be true, that is because it is too good to be true.

This list is really nothing compared to the myriad of reasons why cash gifting is not a means of how to make money. However, I am keeping thing short. I am sure you get the idea that cash gifting should be avoided.

Avoid These forms ofCash Gifting. These Cash Gifting Programs are a waste of time and money. Do not be victimized.

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