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Is, "Cash Gifting", legal/illegal?

Is cash gifting real? How does it work?

  • i was going through youtube and randomly came into a video about making 100k a month & whatnot. of course i'm skeptical but does anyone have experience with this "cash gifting" thing?

  • Answer:

    It's a pyramid scheme. In theory it can work (for the guys at the top) but do you really want to send off a lot of money to a stranger in hopes of getting money from other strangers that come along after you? I'd rather lose my money in the stock market. lol

patrick.... at Yahoo! Answers Visit the source

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There's a sub-culture of pyramid schemes and tax fraud on Youtube who call what they do "cash gifting". The FBI is currently cracking down on them, I'm given to understand, and the Attorney General in Michigan issued a warning in October that cash gifting was a felony under the laws of his state with a possible 7 year prison sentence for participation.

wendelltheway

If it walk like a duck quack like a duck it is a duck. It as scam written all over it

Steve L

Cash gifting, where you give a "gift" expecting to get a "gift" in return, is almost always a pyramid scheme scam. You will lose your money. See the link.

Joe

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