There is a new target on my scam alert radar!
Okay I have set my sights on the Gifting programs. These are those "new" pyramid schemes that promise you all this wealth if you join then get a few friends to join and end the end everyone is wealthy, not.
First of all strip away of the charitable hype and you have a Pyramid scheme. The only funds in these programs is being collected from the gullible marks that fall for it. You are promised say $16,000 and the buy in is $250. How many others do you need to recruit to get the $16,000 and lets say it is a one up matrix. The first person you recruit pays your sponsor not you. That's 65 people you need to recruit. But remember when you recruit them you are promising them that same $16,000..
Gifting programs are nothing more than illegal pyramid schemes.
Now Let me say this there are some legitimate gifting programs out there they are called charities. You give a gift to an organization to perform their duties, there is no monetary return for you unless you want to take advantage of the tax deductible status of your gift. A gifting program activates the greed center of the brain. You are putting this money into it expecting to get rich.
Yes someone will get rich, but it won't be you unless your are the scammer that created the program!
First of all strip away of the charitable hype and you have a Pyramid scheme. The only funds in these programs is being collected from the gullible marks that fall for it. You are promised say $16,000 and the buy in is $250. How many others do you need to recruit to get the $16,000 and lets say it is a one up matrix. The first person you recruit pays your sponsor not you. That's 65 people you need to recruit. But remember when you recruit them you are promising them that same $16,000..
Gifting programs are nothing more than illegal pyramid schemes.
Now Let me say this there are some legitimate gifting programs out there they are called charities. You give a gift to an organization to perform their duties, there is no monetary return for you unless you want to take advantage of the tax deductible status of your gift. A gifting program activates the greed center of the brain. You are putting this money into it expecting to get rich.
Yes someone will get rich, but it won't be you unless your are the scammer that created the program!
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Comments (16)
Cheryl Baumgartner12
Medical Billing/Coding/Insurance
Nope I have no interest in making someone else rich at my expense either. And considering that my phone was ringing off the hook with these idiots from Jaguar marketing (The so called educational program) when I wrote this, And they have totally disappeared off the face of the earth now, I guess I called it right. SCAM!
Wendy McKee7
affiliate marketer
I only ever got involved in one re-cycler program. Cost me $20 bucks and I was supposed to cycle and earn over and over again. Notta. I never made one red cent so I am really not falling for any of this stuff anymore. Gifting Schmifting garbage.
Nnamdi A.17
There is Something for Everyone
Just saw this post for the first time.
This information is still fresh and all persons of goodwill will do well to adhere to it. Many of them are still with us at Adsense.
Cheryl Baumgartner12
Medical Billing/Coding/Insurance
I guess not YouTube pulled it for some reason
Jean DAndrea7
Retired
Hi Cheryl,
Just clicked on the video above, and got "Sorry, this video is no longer available"
Perhaps someone didn't like what he said?
Cheryl Baumgartner12
Medical Billing/Coding/Insurance
Well the idiots are at it again. Now they are "outsourcing" to other countries. LOL! A foreign scam is still a scam!
Cheryl Baumgartner12
Medical Billing/Coding/Insurance
Jean if it was a case of being able to just click delete and block It would never have gotten this bad. No this is looking up my website to get my phone number and call to my number upon which they say "Can I ask you about your business?" Immediately followed by "If I could show you how" Would you be interested in knowing how?" etc. And this is with me being listed on the Do not Call Registry.
No the mindless drones are so desperate to recoup the thousands of dollars they gave to someone i
Jean DAndrea7
Retired
I think the "Delete" button in the invitations sounds like
the way to go. :-)
Cheryl Baumgartner12
Medical Billing/Coding/Insurance
When the so-called program is based on me giving someone any number of thousands of dollars to get an "educational" program that consists of the same information I can get for free by checking out "Internet Marketing for Dummies" then I must turn around and find other idiots willing to give up their hard earned money to do the exact same stupid thing while some unknown "mastermind is sitting there collecting money from all of the assembled idiots below him it's called a scam.
Especially when t
Cheryl Baumgartner12
Medical Billing/Coding/Insurance
I can't believe that people still fall for it. I give the scammers credit they go all out with teleconferences etc. My friend keeps trying to get me into this Broke to Blessed program. It is so obvious that this little program is going to topple.
So She sends me the whole seven level run down You get this much put it back in to move to the next level etc. Not a thin dime is coming in to this organization because they "give you back" the $25 you use to join yet at level 7 you are making tho
Jenny Stewart11
BINGO!! On the mark as usual!
Jenny
Jeff Greene8
Online Marketing Specialist/Consultant
I have seen major institutions fall for gifting and funding schemes:I am PM'ing you a link to some of them.. You won't believe this who's who of victims...