Imagine receiving an envelope in mail one day and it’s filled with cash (no, you’re not working for the mob). Take a moment a really get a good visual in your mind of what that might look like. Did it look anything look this…
Looks to good to be true? That’s because it is. But it’s also the promise being made by my latest investigation. A week ago I received this postcard in the mail:
Immediately my ‘Scam-dar’ when crazy. If making this amount of money was that easy you wouldn’t have to hear about from a postcard. The back of the card claims that you can “Get Thousands in Cash DELIVERED to Your Door!”. Of course, this is done without any
- Selling
- Cold Calling
- Personal Contact
- Products to Ship
- Rejections or Hassles
Apparently, you just have to sit on your butt and wait for mailman to ring the bell. Just from reading the back of the card I knew it was scam but on the slim chance that I could be wrong, I did a little digging.
How Does it Work?
The Overnight Cash System (TOCS) is based on a system of cash gifting. New members are required to gift a cash amount to existing members with promises of getting their cash plus more gifted back to them from newer members. All you have to do is convince people to join and you get your money back from them plus a % of the money they get from recruiting other people. By the way, the amount you’d have to pay to get in the system is $500 at the first level. It’s pyrimad scheme plain and simple.
What Are People Saying About It?
RUN AWAY! IT’S A SCAM!!
ok, that’s a dramatization but that is the general consensus. I check several scam alert and work at home forums and the huge majority of posts stated that this system was no good. Some people have claim to made money and that is entirely possible because pyramid schemes can work up until it runs dry of new members. Then the last people to join a left with a big whole in their pocket.
If You Don’t Believe Me….
I continue my investigation by checking out if there were any good videos that could further out understanding TOCS. YouTube has about 500 videos posted related to TOCS and ‘cash gifting’. I scanned the top 20 videos, most are people promoting the system but there are a few opposing viewpoints. Here aer a couple a vids showing different opinions:
Legal Matters
In the forums I checked there was much discussion about whether the whole cash gifting system was legal or not. Pyramid schemes are illegal. I checked the Better Business Bureau for the name ‘Overnight Cash System’ and for ‘TOCS’ and there aren’t any records under those names. Some of the forum posts indicated that this type system has had other name over the years so it’s possible that the BBB has caught up with this current name yet. I’ll keep checking and report back. Here a link to the Federal Trade Commission that outlines cash gifting clubs and the dangers of them.
The Verdict
It seems to me that this is a no brainer. If looks, walks and acts like a scam then it’s scam. If you have $500 dollars to invest then there plenty of legitimate business opportunities that can generate real income. But they do require work and they will be based on a real business model. They won’t rely on they generosity of others to make them work.
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My name is Dakim, I am the creator of the Home Business Private-Eye.com. I want to help you discover your true passion and then, help you to turn that passion into profit! 
Cash Gifting is not a scam. CG is in face legal. But organized cash gifting can thread on the legal fence.
If this was a scam or is a scam, what is keeping the feds from intervening? This activity is proliferating all over the Internet.
Why should a few individuals make a determination whether it is a scam? Why is then the FTC sleeping over this?
Just my 19 cents!
How would you rate this site :
http://www.icashgifting.com – It is not a cash gifting site even if the name suggests so.
Hey Chris-
My Grandmama always told me that if it looks , acts, and quacks like a duck then it’s time for dinner! That fact is that the majority of people think cash gifting is a scam. As for why the government hasn’t intervened, have you seen our government lately? Turtles react faster. As for the site your promoting (and I know that’s what your doing) I’ll look into it and have a report filed in a couple of days.
Cash Gifting is ILLEGAL!
The reason for this is NOT just my opinion! This comes from talking to Postal Masters, top rated home-based business attorneys, top rated MLM attorneys, business law professionals, legal council to Direct Selling Association, etc. etc. etc.
The IRS code every ILLEGAL cash gifter refers to is used out of context! It states that you can gift up to $12,000.00 (non-taxable unless interest or dividends are produced from the gift)but MUST NOT be attached to that gift as an investment in any way, shape or form!
When someone LEGALLY (follows the IRS code) gifts another person they must NOT be attached to the gift as a means to produce income and so when a cash gifter signs a PHONY release form they think this covers them.
In fact this proves their intent and will cause the release form to be null & void! What I mean is that due to them cash gifting someone they now can receive cash gifts.
Didn’t you see what happened to Norman Hsu as he was indited on breaking campaign funding policy as well as operating a ponzi scheme due to him promising many people “special favors” for their contributions which constituted an illegal scheme.
If you gift someone $12,000.00 or less per year then walk away from that gift you have gifted LEGALLY!
If you gift someone $12,000.00 or less per year and BEHIND THE PHONY RELEASE FORM expect money in return that’s called an investment!
So gift at your OWN risk!!!
As for why the IRS, FTS, SEC, DA’s, etc hasn’t come down on the ILLEGAL gifting is plain and simple.
THEY TAKE TIME TO PUT TOGETHER A CASE AND MONITOR ALL THE ACTIONS OF EVERYONE INVOLVED!
This way they know for sure who to go after and what to seize!
If you make a lot YOU lose a lot!
It took six years before the feds came down on another ILLEGAL gifting program operated from 1997 to 2003 and one of the participants LOST her house and her bank account was seized to pay back restitution to everyone she got to gift her!
In 1 week she lost her house ($250,000+) and $278,000.00 that was seized to repay everyone!
BE WARNED – THEY ARE WATCHING YOU!
I know this for a fact!
Stephen
Your blog is interesting!
Keep up the good work!
Actually, the feds are cracking down. Not too long ago a “club” was brought down when a FBI agent infiltrated the circle. A lot of money is changing hands here. The feds are watching.
I can understand the lure of cash gifting programs… envelopes stuffed with cash, no taxes, supposedly no selling of any product, etc.
However, if you want to make money “worry free”, the best way to do it is to provide great value to others in the form of a quality product or service.
Make more of it by either increasing the amount of value you provide on an individual basis, or by increasing the number of people you provide value to.
I recommend developing the mindset and skillset of successful entrepreneurs and steer clear of programs that could potentially get you in trouble down the line.
Do it the right way now and you’ll have lasting success for a lifetime without worrying about investigators showing up at your door.
Thanks, Dakim, for putting together the discussion.
-Johnny
You’re Welcome Johnny. It’s what I’m here for.
I just want to say thank you so much you saved my money from going into this scam. I cant tell you how many things i have tried! the spyderweb system, the process at home system, the surveys, the casino system that says you wont loose and i did my last 150 untill my next pay check! see with the economy down i am trying to make money fast! i have a job but my hours were cut big time and i am 19yrs old trying to put myself through school and pay medical bills that i have due to last year when they found skin cancer. if you have any ideas to make fast cash on internet without having to put money out there please please please email me. thanks