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Vision18
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Joined: 25 Jul 2008
Posts: 24
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# Posted: 7 Aug 2008 06:35
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Has anyone heard about The Overnight Cash System (TOCS) Or (The Overnight Cash Explsion)
If you do a search online you will probably find multiple websites which direct you to it.
1. Is this program legal? 2. How much does it cost to join? 3. You have to give some personal information before you find out anything more and I don't really like that 4. Is anyone involved with this program that is satisfied with it?
Thank you all for your time. Have a great day!
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getagrip
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# Posted: 7 Aug 2008 12:00
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I've never heard of it, but the name bugs me - it is VERY hard to make money over night. If you have a link, that might help some of us evaluate it.
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Seth
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# Posted: 7 Aug 2008 12:28
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i think its a CASH GIFTING PROGRAM ...
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mountainmom5
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# Posted: 7 Aug 2008 16:11
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I don't know - most of those are scams, but if you find a way to make tons of cash overnight, I am sure everyone would love to hear about it.
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jltp18
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# Posted: 7 Aug 2008 16:20
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hello, it is not a scam, its a cash gifting program. you can join from $250 up to $10,000.
It really works and I know the site seems a little hyped but if you work on the marketing it works.
And its called overnight cash system because the money is sent through an overnight courrier like DHL, UPS or Fedex.
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040107
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# Posted: 7 Aug 2008 16:58 · Edited by: 040107
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jltp18: hello, it is not a scam, its a cash gifting program. you can join from $250 up to $10,000. It really works and I know the site seems a little hyped but if you work on the marketing it works. And its called overnight cash system because the money is sent through an overnight courrier like DHL, UPS or Fedex.
Whatever...
It's a 6-tier 1-up cash gifting scheme.
Starter Tier - $250 + admin fee Tier 1 - $500 + admin fee Tier 2 - $1000 + admin fee Tier 3 - $2500 + admin fee Tier 4 - $5000 + admin fee Tier 5 - $10,000 + admin fee
You pick the tier you want to come in at then you try to get others in as well. You can only receive as much as the tier you're in.
For example, you come in at Tier 1, you can only receive $500 from others Tier 1 members whom you've recruited. If you come in at Tier 2, you could receive $1000 as well as $500 payments from people who come under you at Tier 1 & 2. You'll need to upgrade to higher tiers if you want to receive payments from higher tiers.
1-up means your first recruit's payments always goes up to your sponsor. So the people that you recruit, their first payments goes to you also.
PAY ATTENTION!
Regardless of what people who are participating in those gifting programs will tell you, here are the facts....
Cash gifting in itself is legal. There isn't anything wrong with that. Friends and family help each other out all the time by giving gifts of value. We even give money to strangers on the streets. So it must be legal.
Yes, HOWEVER, gifting refers to giving or donating without expecting anything in return.
So that means even though it's called "cash gifting" technically it's not gifting. Remember that...
But they're calling it gifting, so it must be legal, right?
The problem lies in how they're marketing the scheme. If they tell ya to send them your money for nothing in return, would you do it? Well, if they did that, how many would be stupid enough to send them money? However, it's quite obvious they're telling you about the cash that they make and that you could be making the same if you join and send them the money. That my friend is when it's no longer legally a cash gift.
Okay, you ever wondered why they never send checks or money orders?
That because cash transaction is practically untraceable. If anything did go wrong, there is no nothing to prove that you sent them any money.
It's the hype and the amount of cash that draws people into these scheme. I'm not saying that if you join, you'll lose your money. For all I know, people could be raking in tons of money.
But at the heart of it all, it's still an illegal operation and a pyramid scheme. It's a pyramid scheme being that it's not a legal cash gift and there's no product behind the scheme. And since you're not selling anything, the only way for you to make money is to recruit new people, which is mathematically impossible for everyone to make money. That makes it a pyramid scheme.
If you're blinded by money and greed, good luck.
Read my thread about ASD. There's a link to the FTC about gifting programs.
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paxkine
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# Posted: 7 Aug 2008 18:41
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that's a very good post....almost got caught into one of these but just didn't feel right in my gut. Plus taxes can get very tricky with gifting as well
I am sure plenty of people do well with it (check out youtube) but it just seems "sketchy" I guess the same way I felt when approached with ASD
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fbl3ssingm
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# Posted: 13 Aug 2008 15:46
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Vision18: Has anyone heard about The Overnight Cash System (TOCS) Or (The Overnight Cash Explsion)
Don't have any clue, but let me give you some advices.
If I were you, I wouldn't step on something that I'm not sure with. I will completely do a research and if my inside will tell me "Do IT!", I'll do it, but carrying in my mind the fact that I have to be responsible for the spent money, and work hard to get them back through the given system.
So, nothing is illegal, as long as you told yourself, I can do it!
Just my 0,00000001 cents.
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mountainmom5
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# Posted: 13 Aug 2008 18:11
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fbl3ssingm: but carrying in my mind the fact that I have to be responsible for the spent money,
Very well said... We are, after all responsible adults and when we spend money on a venture we are the ones at fault if it turns out to be an unwise decision...
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fbl3ssingm
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# Posted: 14 Aug 2008 03:39
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mountainmom5: we are the ones at fault if it turns out to be an unwise decision...
not necessary. I tend to disagree with you in one way; same time, I do agree. It all depends first on yourself, how strong you are in your decision making. Second, it depends on the world you live in. If people don't encourage you (refer to different kind of personalities), than you could easily go down (if you're not enough with your mind UP).
but yes, let's say that I am directed toward "Agreeing" than, the opposite.
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040107
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# Posted: 28 Aug 2008 06:46
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fbl3ssingm: ...I will completely do a research and if my inside will tell me "Do IT!", I'll do it, but carrying in my mind the fact that I have to be responsible for the spent money, and work hard to get them back through the given system. So, nothing is illegal, as long as you told yourself, I can do it!
Sorry, but this has got to be the worst advice given.
What's illegal doesn't become legal as long as you tell yourself "I can do it!".
Many people become very successful at illegal activities. Many people are very successful at defrauding others. Many people become successful at running illegal schemes.
Does giving yourself a mental boost all of a sudden makes whatever you do legal?
Responsible for your money spent?
C'mon...
How about responsible to the people that you convinced to join in the same illegal activities as you?
Yes, we're all to blame for our own actions, but what happens when we based our decisions on misrepresentations and false information from those we trust or those who are running these schemes?
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fbl3ssingm
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# Posted: 28 Aug 2008 21:41
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040107: fbl3ssingm: ...I will completely do a research and if my inside will tell me "Do IT!", I'll do it, but carrying in my mind the fact that I have to be responsible for the spent money, and work hard to get them back through the given system. So, nothing is illegal, as long as you told yourself, I can do it! Sorry, but this has got to be the worst advice given. What's illegal doesn't become legal as long as you tell yourself "I can do it!". Many people become very successful at illegal activities. Many people are very successful at defrauding others. Many people become successful at running illegal schemes. Does giving yourself a mental boost all of a sudden makes whatever you do legal? Responsible for your money spent? C'mon... How about responsible to the people that you convinced to join in the same illegal activities as you? Yes, we're all to blame for our own actions, but what happens when we based our decisions on misrepresentations and false information from those we trust or those who are running these schemes?
It seems that I made myself not understandable. I apologize.
What I have wrote above, is only my opinion and I'm trying my best to live it the way I currently do it.
I am responsible for every little cent I spend. this is what I referred do. Just see it on the opposite as I explained, and maybe you'll understand.
But again, I respect your statements and thank you for getting back to me. I appreciate it.
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fbl3ssingm
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# Posted: 28 Aug 2008 21:43
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040107: Yes, we're all to blame for our own actions, but what happens when we based our decisions on misrepresentations and false information from those we trust or those who are running these schemes?
That is why i said: REASEARCH, RESEARCH.
In the event the unfortunate will still happen, you need to live with it and LIVE your life positively. Without risks, you don't show anyone you really want to become a business man/girl.
A brief example: USA is the 1st country in the whole world that owns money to the whole world (yes, they borrowed money). Yet, the USA is one of the richest one. How do you explain this?
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Silverstone
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# Posted: 28 Aug 2008 22:34
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Overnight Cash? Not gonna happen. Period.
If you want to make some money online, it will take some time and effort on your part. How much time depends on your efforts. I am currently at $480 after about 2 months, part time (I have a real job too).
Jaime McCarley
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fbl3ssingm
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# Posted: 31 Aug 2008 02:27
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mountainmom5: fbl3ssingm: but carrying in my mind the fact that I have to be responsible for the spent money, Very well said... We are, after all responsible adults and when we spend money on a venture we are the ones at fault if it turns out to be an unwise decision...
You can say so. But you know what? The fault that turns out to be an unwise decision now, could be a good lesson for tomorrow day. And of course, you'll be unwise+1 (might equal wise?!)...
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fbl3ssingm
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# Posted: 31 Aug 2008 02:28
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Silverstone: Overnight Cash? Not gonna happen. Period.
Is anybody dreaming about this? Yes, I think those guys that are not working, but laying down in the bed, watching tv and chewing on onion chips. When they hear about Money overnight, they will sell even their last piece of chip, just to get money overnight. But it won't happen.
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TJamMoneyMan
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# Posted: 31 Aug 2008 02:44 · Edited by: TJamMoneyMan
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fbl3ssingm: mountainmom5: fbl3ssingm: but carrying in my mind the fact that I have to be responsible for the spent money, Very well said... We are, after all responsible adults and when we spend money on a venture we are the ones at fault if it turns out to be an unwise decision..
WHY is the very first concern about gifting always about whether or not it is LEGAL?
And as for responsibility, check the ASD information out there. The AG is looking into EVERYONE who profited large from that scheme.
I sure hope they used some of those earnings to shore up their credit ratings, cause I have a feeling they are gonna be in need of a sizable LOAN!!
Good luck to all...
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TJamMoneyMan
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# Posted: 31 Aug 2008 03:04
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040107: Read my thread about ASD. There's a link to the FTC about gifting programs.
The ASD forum is shutdown as you know. That FTC link about gifting may do a world of good right here, on this still open thread...
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fbl3ssingm
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# Posted: 31 Aug 2008 14:34
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TJamMoneyMan: fbl3ssingm: mountainmom5: fbl3ssingm: but carrying in my mind the fact that I have to be responsible for the spent money, Very well said... We are, after all responsible adults and when we spend money on a venture we are the ones at fault if it turns out to be an unwise decision.. WHY is the very first concern about gifting always about whether or not it is LEGAL? And as for responsibility, check the ASD information out there. The AG is looking into EVERYONE who profited large from that scheme. I sure hope they used some of those earnings to shore up their credit ratings, cause I have a feeling they are gonna be in need of a sizable LOAN!! Good luck to all...
Can you please give us some more details? To be honest with you, I didn't get anything from your message.
Thank you for your reply.
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TJamMoneyMan
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# Posted: 31 Aug 2008 17:21
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fbl3ssingm: Can you please give us some more details? To be honest with you, I didn't get anything from your message. Thank you for your reply.
I am trying to understand your message here as well. Are you looking for details on ASD?
And There are closed threads on this forum you can read through. PLENTY of information on the web, since SOOOooo many people lost SOOOoooo much money...
But I was mainly saying that many programs out there are questionable as to their legality. That's for sure. I would imagine the 'authorities' can't afford to track every single solitary website for complete legality.
I would expect them to take a closer look when the money starts to flowin' large. Or, they could be alerted if someone files a complaint.
But if you find yourself making tons of money, like folx were with ASD, well, if/when the time comes, the 'authorites' are gonna be looking at the big earners, as contributing to the scam. And at the very least, their earnings will likely be considered 'ill gotten gains'. Possibly subject to being confiscated or repaid.
I will say that I saw among the investigative material, lists of people who earned 5 figure sums and more with ASD.
It'd have to make your stomach twinge a bit, to see your name up there. Kinda making you wonder how much you could get for that yacht you just bought!
HOPEFULLY, those folx put that money in an interest earning, FDIC insured account. And kept it there!
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peter_bahe
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# Posted: 31 Aug 2008 17:28
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First off I am new to the forum so my intent is not to offend only to learn...
I have been in various gifting programs for a little over a year now and I am proof that they do indeed work... I would also like to add that it is in no way an overnight cash cow.. like anything else you have to work at it and you have to have targeted traffic without that I can see how an internet newbie could be easily allured to the thought of quick cash and not realize the amount of marketing that goes into something like this... I started with a company called Epic Wealth Systems actually about a week ago and I think the company even though in its infancy has a lot of promise. They have an extensive CRM and alot of back office tools that simplify alot of the tracking headaches... As to the legalities of cash gifting from an IRS standpoint as long as you have a signed gifting statement along with a non solicitation agreement you are free and clear.. I think that the previous point brought up about giving your money to someone else without an expectant return will eventually cause quite a court case and I await the outcome... But either way I am 23 and I don't have to go to work anymore and I can actually say that it is in large part due to cash gifting... Hope this helps!! Go Milwaukee Brewers! Sorry had to do it.
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CSGWAHM
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# Posted: 31 Aug 2008 23:47 · Edited by: CSGWAHM
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Back to the original posters question about TOCS, it looks sketchy to me, too. It's just not something I would get involved with. Just research it and go with your gut feeling. Even if something is "legal", if it just doesn't sit well with you, then don't do it. Trust your instincts and do what feels right and works for YOU.
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fbl3ssingm
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# Posted: 1 Sep 2008 03:35
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CSGWAHM: Back to the original posters question about TOCS, it looks sketchy to me, too. It's just not something I would get involved with. Just research it and go with your gut feeling. Even if something is "legal", if it just doesn't sit well with you, then don't do it. Trust your instincts and do what feels right and works for YOU.
Perfect Recommendation!!!
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fbl3ssingm
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# Posted: 1 Sep 2008 03:39
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peter_bahe: First off I am new to the forum so my intent is not to offend only to learn... I have been in various gifting programs for a little over a year now and I am proof that they do indeed work... I would also like to add that it is in no way an overnight cash cow.. like anything else you have to work at it and you have to have targeted traffic without that I can see how an internet newbie could be easily allured to the thought of quick cash and not realize the amount of marketing that goes into something like this... I started with a company called Epic Wealth Systems actually about a week ago and I think the company even though in its infancy has a lot of promise. They have an extensive CRM and alot of back office tools that simplify alot of the tracking headaches... As to the legalities of cash gifting from an IRS standpoint as long as you have a signed gifting statement along with a non solicitation agreement you are free and clear.. I think that the previous point brought up about giving your money to someone else without an expectant return will eventually cause quite a court case and I await the outcome... But either way I am 23 and I don't have to go to work anymore and I can actually say that it is in large part due to cash gifting... Hope this helps!! Go Milwaukee Brewers! Sorry had to do it.
How much did you put down for your first gift case and how much did you make at that time? What is your monthly income with this gift cash system?
hopefully I'll get some good convincing answers. Don't send me to your website, cause your site has some problems. Check it...
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peter_bahe
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# Posted: 2 Sep 2008 09:56
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How much did you put down for your first gift case and how much did you make at that time? What is your monthly income with this gift cash system?
When I initially signed up about a year ago with another program I started out with the lowest level which was 100.00 I worked that system for about two months building the targeted traffic and finally I got a pledge of 500 which... according to the rules I could only keep 100.00 the amount which I had put in.. frustrating!!! So I bumped up to their highest level which at the time was 1000.00 ... I was definetly never disapointed its always a good thing when your not really doing anything and opening up ups and fedex packages of cash.. With this new system Epic.. I have only been there a short time and Everything looks good I signed up the 26th Im at the 500 level I've already one upped and have two people below me and one that has already one upped through me as well...
What did you find to be a problem with my site.. Its always nice to have another pair of eyes so thanks for the feedback...
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fbl3ssingm
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# Posted: 2 Sep 2008 20:29
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peter_bahe: How much did you put down for your first gift case and how much did you make at that time? What is your monthly income with this gift cash system? When I initially signed up about a year ago with another program I started out with the lowest level which was 100.00 I worked that system for about two months building the targeted traffic and finally I got a pledge of 500 which... according to the rules I could only keep 100.00 the amount which I had put in.. frustrating!!! So I bumped up to their highest level which at the time was 1000.00 ... I was definetly never disapointed its always a good thing when your not really doing anything and opening up ups and fedex packages of cash.. With this new system Epic.. I have only been there a short time and Everything looks good I signed up the 26th Im at the 500 level I've already one upped and have two people below me and one that has already one upped through me as well... What did you find to be a problem with my site.. Its always nice to have another pair of eyes so thanks for the feedback...
Thank you for your exponation.
Have you looked on your site to see exactly what the problem is with it?
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homebizpro
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# Posted: 3 Sep 2008 06:27
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I don't believe what I'm reading here! As a former Fed and today considered one of America's top home based business experts (my 2 partners and I generated over $2 billion in sales in our previous 3 companies and I also have a consulting business with one of my associates being a prominent former Attorney General who was famous for shutting down cash gifting deals and prosecuting those involved), I am absolutely dumbfounded how anyone could get involved in a cash gifting program as anyone with half a brain knows they're ILLEGAL as the day is long, and not just in the U.S., but internationally as well..
Don't any of you involved bother to read newspapers? Watch tv shows like 60 Minutes? Visit various government regulatory websites? (You'd have to either have been living in a cave for the last several decades or be just plain ignorant or stupid)...
No, instead you listen to nutjobs on the Internet who misconstrue, misinterpret, and misapply IRS tax codes in order to prove that cash gifting programs are legal when the reality is, they aren't!
The latest one making the rounds it the Cash Leverage deal...turn $25 into $75,000!
You spend $25...sending $5 to 5 people..and then you promote the opportunity in various ways and receive $5 from people you don't know and what did those people receive in return? Absolutely nothing, except the opportunity to sign up, spend $25, and do the same thing!
It's a money game! Period! End of story! Anytime you can make money where there's "no products to sell," "no customers," and "no selling," which is all over the landing pages on the Internet of those involved, you have an ILLEGAL program according to business opportunity statutes, network marketing statutes, and anti-pyramiding and consumer protection statutes..In fact, in numerous posts on the Internet it is being promoted as a cash gifting program! How stupid can you be??? LMAO...
Now, if the program is not a cash gifting program, but is being promoted as one by distributors and uses some of the phrases mentioned above, that still puts the company in legal jeopardy! If it is a cash gifting program, then it's really in legal trouble, so either way, it's in "the box" and you're in trouble...
Second, if you are receiving money on up to 5 tiers that legally classifies them as a multi-level program! If the bulk of the money being earned is generated mostly by the revenue of BUSINESS PARTICIPANTS only, you have huge regulatory problems and are considered an ILLEGAL program, especially if the only thing initially being exchanged is money! (Obviously if there's no products to sell, then retailing can't be taking place to the general public! The products and services that are associated with the program are primarily for the promoting of the opportunity!)
Furthermore, regulators like to see CUSTOMERS and SALES being made to NON BUSINESS PARTICIPANTS and will shut down any program where they don't see this...In fact, they like to see a minimum of a 3-1 CUSTOMER to DISTRIBUTOR ratio!
So, if it's not a cash gifting deal, and they're using referral marketing with a 5 tier pay concept, then it's a network marketing program and subject to numerous statutes that apply to a network marketing company, statutes which it would not meet! So, once again, it's "in the box" and no matter how you answer, the program would be considered an illegal pyramid...
In fact, the products and services involved are offered as a way to promote the opportunity and are a "secondary consideration" and this is where the people behind the deal are making their money as they don't see any of the original $25 on a large number of the people involved...
Regarding the sending of cash, if someone sends cash, either by a courier service or online, with the expectation of a quid pro quo, i.e., sending cash in exchange for being able to participate in the receiving of cash from someone else, it is highly ILLEGAL!
It makes no difference if it is cash sent by via a courier service like Fed Ex or it it is done online-it involves the exchange of money...The reason many have gone to online payment is because it's faster to receive it and less expensive...After all, who'd spend $10-$15 to courier by overnight delivery a $5 bill to someone???
One reason they don't promote sending cash through the U.S. postal service is because the postal authorities would consider this a "chain letter" type scheme, investigate, and prosecute! Furthermore, sending cash through the mail is ILLEGAL in numerous countries around the world!
Finally, a rose by any other name is still a rose! You can call it cash leveraging, but it's a cash gifting program,...period..end of story...and cash giting is illegal, no matter how you try and dress it up to circumvent the intent of various laws and statutes..
[Post edited - Admin]
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TJamMoneyMan
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# Posted: 3 Sep 2008 11:38 · Edited by: TJamMoneyMan
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040107: It's the hype and the amount of cash that draws people into these scheme. I'm not saying that if you join, you'll lose your money. For all I know, people could be raking in tons of mone
You sound like you know what you are talking about, and as you can see, you touch on some of the issues I brought up.
I'll bet you know of many things business people do that are simply not legal. Yet they do these things everyday, AND make money doing so!
I just tell people to be careful with Cash Gifting.
But I don't doubt there's plenty of money in it.
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colibri
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# Posted: 12 Sep 2008 16:30
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A well written posting there from HomeBizPro (except for the insults). I definitely learned something there that will help me spot an illegal program.
A perfect example of this was PAS (Prosperity Automated Systems). I could not join it (in spite of the financial draw) as I could not see any PRODUCT, just a marketing system that sold itself perpetually. A perfect example of an illegal program full of air and nothing else!
Ron
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ibuzzmentor
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# Posted: 18 Sep 2008 13:35
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Yes you got to make sure when you join a program there is a substantial product or tool that will have benefits to the end consumer. There are so many money games out there that are impossible for a common person to have success with. The hardest one is cash gifting, as people see right through it.
To make huge money in this industry you need to market high ticket items that have tremendous value such as GRN, or EPI, or Ibuzz pro. Then you must become a master marketer, prospector, and closer and have systems in place that will help you do that.
Chris
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