If you’re reading this, you’re probably doing research on a site to see if it is legitimate or not. The bottom line is this: if it is a “cash gifting” site, you will regret it. Cash gifting is a pyramid scheme, where the few at the top make a lot of money, funded by a large group of people at the bottom who lose a fortune. They like to say how their system is "legal" because givings gifts is legal. I will defer to the Federal Trade Commission article linked below about the legality of it. I have also included a large list of cash gifting sites at the bottom of this article. Cash gifting is an old scam. And because there are well-written explanations already out there, I’ll link to a couple of those, BUT what they don’t do is actually list some of the websites pulling this scam. That's the main point of this article, to shed a little light on the cockroaches of the internet.
I highly recommend these articles to familiarize yourself with the concept of cash gifting. cashgiftingwatchdog.com has a great article.
What really boggles my mind is that some sites don’t even try to hide the fact that they are cash gifting sites. They even advertise that fact. They are banking on unsuspecting “investors” who don’t do their homework.
Don’t be fooled by the picture of some guy by his mansion or with his expensive cars. He may have actually earned that money using his system – by taking money from innocent victims who did not reap the same reward.
How would you like it if your grandmother, new to the internet, lost her retirement to one of these cons?
Would you “invest” in a website advertising a pyramid scheme? That’s exactly what cash gifting is. So read up on cash gifting if you are so inclined. Otherwise, let’s move onto the list. I will continually update this list, even though it might start getting rather long.
This first list is dedicated to one of the larger outfits out there. They have dozens of websites, all with the same basic information and scheme. I have included them in a single list for easy comparison. Many look exactly alike, while others look different but still use the same text, testimonials, etc.
What I don’t know is if the many sites below are somehow included in the “gifts” – an extra incentive to new suckers, er “investors” that they can have their own site to lure people in… or if these are just duplicated sites to throw at the wall of the internet and see what sticks. I’m not going to “invest” to find out! Either way – avoid these sites like the plague.
You have been warned.
Here is a small list of other cash gifting sites that have been advertising lately, unrelated to the large group above – but still operate on the same principle. I will continue to add to this list.