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Is, "Cash Gifting", legal/illegal?

Is cash gifting a quick way to get cash?

  • I need quick cash and steady cash flow any suggestion?

  • Answer:

    Don't trust them. I am an investor and will tell you they are 99% scams. Are you dumb enough to invest $500 to $3500 to someone you don't know and sign a form saying you are giving them the money no strings attached? That is exactly what cash "gifting" is. Now if, per say you do, by chance, get money back in return you are LUCKY. These are scams and rarely if ever work. They may work the first couple of times to get the ball rolling but once they take off they are nothing but scammers out to get people's money. Please, save your money...and think about it? Why would you give someone you don't know your money and believe that someone you don't know is going to "gift" you with more money in return. The year is 2008 and a reality check will tell you this does not happen. Check out all the cases that have gone before the Attorney General referencing these scams. Peace & Love :)

kilokilo at Yahoo! Answers Visit the source

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only way I know to get cash (legally) is work. want cash fast? work fast... 2,3,4 jobs.... there is no easy way to make money so get that out of your head now.

DebtFree

No it is not... essentially it is a scam. If you want to study more of these "schemes" Run a search for "Ponzi Investment" or Ponzi Schemes... It is a real eye opener... Basically what they do is promise unusually high returns, take your money start paying the dividends of the first wave investors (to make it look legit) take the rest... and run. If you happen to be a 2nd or 3rd wave investor you just kissed your money goodbye...

Reena

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