Cash Gifting – The Top Ten Reasons To Avoid It
Below you will find the top ten reasons why you need to keep away from cash gifting. Keep in mind that I could have come up with 100 reason why you should avoid cash gifting programs.
1. Cash gifting is just way too similar to illegal pyramid schemes.
2. The upfront requirement is that you send hundreds, and even thousands of dollars to some person who you do not know.
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. The administrators generally hide behind a pseudonym, never making their true identity know. People do this when they do not want to be found or caught. Such behavior indicates a fraud.
5. If you do get involved in cash gifting, just pray that you do not have to receive or send a package from or to a foreign country. If you do, chances are that your package will be seized, and you will be investigated. I know this because I have spoken to someone who this has happened to.
6. Online business is something to be proud of. There should be no reason to hide anything. Cash gifting involves taking from Peter to pay Paul. Furthermore, you should never have to pay 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. Nowadays, real online businesses deal with online paperless transactions. No one has the time to go to the bank, get one-hundred dollar bills. Then conceal these bills in a magazine placed inside of an envelope. Then go to an overnight courier, and pay $40-50 in shipping to ship both the “cash gift” and the administrative fee overnight. I say no thanks to that waste of 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. Here is an oldie but goodie. If it looks too good to be true, it probably is.
Okay, I had to cut myself off, because I could have given you at least ninety more reasons why you should avoid cash gifting if you are trying to learn how to make money. Hopefully you understand that you should never have to pay money to a program in order to make money. Furthermore, cash gifting is unethical and unsustainable.
Stay away from Cash Gifting. All Cash Gifting Programs are a waste of time and money. Do not get scammed.
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