Scam Review
 

Lazy Wealth

Overall Rating: SCAM
Type of Business: Private Cash Gifting Activity Programs
Skill Level Needed: N/A
Income Potential: N/A
Website: http://lazywealth.com
Recommended: No/Scam

Lazy Wealth Cash Gifting – Scam Review

by David Harris

“Lazy Wealth” by Larry Oxenham and found at lazywealth.com, is stated to be a “private activity” cash gifting program.

They go to great lengths to explain why this gifting program is legal even though it’s not, or highly questionable at best. Definitely it is unethical.

All cash gifting, private cash gifting or any kind of cash gifting program that says you can profit from gifting is an illegal activity and is a complete scam.

Claiming that it’s legal because the U.S. tax code allows for up to $12,000 per year in gifts without having to pay tax is an illogical and absurd statement that has nothing to do with it being LEGAL or not!

Cash gifting, also known as cash leveraging, is a punishable offense in most states. It is considered by law as: illegal lottery statute, pyramid and chain letter crimes.

Many cash gifting scam sites have already been taken down. That is why it’s surprising that this one is still around.

UNfortunately there are way too many of these con schemes for proper authorities to get around to taking them down much less prosecuting the scammers who run them.

Most often, these crooks hide behind a proxy host that keeps their identities secret.

Stay very far away from any Cash Gifting Program Scam including Lazy Wealth. Nothing but heartbreak will come to you if you don’t.

Thanks for reading…

– David

 

 

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Tags

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