What Is Cash Gifting?
Give me money and then tell your friends to give me money too.
The Cash Gifting Scam is a hilariously obvious scam that somehow caught wind; I guess like all scams do. Here is how it works at it’s core:
A scam promoter convinces a victim that the ‘cash gifting network’ is fantastic and makes them a lot of money. All it takes to join the network is a ‘cash gift’, which is exactly what it sounds like.
Then the victim is encouraged to get their friends and other people into the network from which the victim will receive their own cash gifts.
After very little luck, the victim is left with no legal recourse because all money paid was done so as a ‘gift’.
Would you fall for this?
The reason, I assume, why so many people [and a lot of people have] fall for this is because every site and person promoting the program practises the fine art of saying a whole lot of nothing. If you do a little searching and hit up some cash gifting sites, you’ll find no details of the actual system and only very vague explanations of how this thing actually makes money.
Thanks to MetaFilter for the discussion.
Tags: cash gifting, scams
