…it probably is. Cash gifting certainly sounds like a scam. I was perusing YouTube’s most viewed videos today in the Howto & Style category, I came across the one that is now 5th most popular, “are your ready to make 10k in the next 4 weeks”, where a gentleman goes on extolling the virtues of this program where you can get money every day. Of course, missing are the details on what you’ve got to do, and everything.
However, there’s the related videos section to save us from insanity, and one of them happens to be this one, with a guy opening a Purolator courier envelope with a magazine and envelope enclosed inside of the magazine. This should be your first warning sign glowing right at you – if you have to hide what you’re sending, there’s probably something shady about it.
Inside this envelope are two things – a “gifting” form, along with a “non-solicitation” form, which, as far as I can tell, is a form that says that you weren’t solicited in any way to send this gift. Basically, it’s a form wherein you lie to someone and say that the ad you responded to wasn’t a solicitation. Yeah. Right.
A couple of years ago, working on some tips about there being a lot of scammers on Craigslist who are willing to give fake people fake jobs, I started coming across all of these ads claiming that you’ll get “Huge Profits Instantly Within Hours.” So, being naturally suspicious, I replied to one, and got an email back from the person who took out the ad with a phone number.
Fortunately, at that time, Skype had free calling to the USA and Canada, so I called him up, and was redirected to this phone call that went on for 30 minutes explaining how just a simple “cash pledge” would lead me to earning tens of thousands of dollars, just off of other people sending their first customers’ money to me. Funnily enough, the diagram that I drew out looked like…hold your hats, y’all…a pyramid!
Hands up if you’re shocked at that – I see none…good 😉
Anyway, this brings me back to YouTube’s videos – there are slews of videos out there now with people opening up FedEx and UPS envelopes with hundreds or thousands of dollars sent to them by complete strangers. This should be another huge red flag.
What possesses someone to send money to a complete stranger in the hope that maybe they’ll receive a whole lot of money in a short amount of time?
This cash gifting deal, if you ask me, is nothing more than an elaborate scheme to take money from people who are at a great disadvantage (i.e. someone who isn’t in a job and needs the cash) and send it to someone who, at least according to one video, is able to buy a full-HD TV, a Lexus and a house.
I have some questions for those of you who may be familiar with this scheme of cash gifting (also known as a 1up system, cash cash 365, and a whole lot of other names). I’d love it if you would be willing to do an interview which I’d publish (in text) here – all you have to do is drop me a line either in the comments or in the contact form.
In other words, I’m asking you to open up and explain to my why this isn’t a scam, and why you got involved, and some other things that came to my mind when I watched these videos (from all around the world).
If you want to read more information that sheds some light into this idea, check out this article from MarketWatch, about the ‘gifting’ scheme only Ponzi could love.