Scam Review
 

Cash Tracking System

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

by David Harris

“Cash Tracking System” from Mark R., also known as “Cash Tracking System to Financial Freedom” and found at financialfreedomsites.com, is an illegal cash gifting scheme.

When you try to find information about Cash Tracking System’s website it’s hidden by proxy so you can’t find their address, phone numbers or owners.

The first few pages have some vague videos full of hype and offer no real description of what is you would be doing to make the large sums of money with the program.

They claim their system is about sending gifts to one another, but again there are no details of how it works or how much it costs to join this cash gifting program.

There are so many complaints registered online that they are too numerous to count, but I will convey the most frequent issues many members have had with the Cash Tracking System gifting program.

Their traffic is nothing to speak of so it does not live up to the hype that they throw around on all their video presentations.

Most complain that very few people are interested in the Cash Tracking System so they inevitably lose all the money they invested in the scheme.

The websites people receive are clones so everybody is competing with each other with the same exact generic duplicate sites.

The system preys on people in financial trouble that are willing to ignore the warnings in their heads.

All they need is to hear their pitch that they will save them from ruin.

They get members to focus on getting more recruits into their group, but the compensation model is not described on the main page or the following ones.

The real money-making model of Cash Tracking System is actually a cash gifting scheme, but it is thinly veiled and the government will see right through it.

Cash Tracking System has four levels, starting at level 1 with $500 on up to level 4 with $3750 configured at 250 + 500 + 1000 + 2000.

To join, you have to be brought in by invitation only, agreeing to a call by your sponsor who then you send them cash as a gift after you choose the level you’re going into.

After joining they assign you a website that you have to pay a fee of $34.95 per month with a one time $25 setup fee added to that.

Cash Tracking System claims the website and system you get will supposedly help you get more members under you, but so far many people who joined have complained that it’s pretty useless.

If by some chance you are able to bring others in you only get paid at the level you joined, so even if your referrals start at a higher level you only get the $250.

However, if you happen to join at level 3, with $1,750 and nobody joins you at that level you will lose all your money.

The only product provided is the website, so Cash Tracking System figured they can get away with cash gifting model, because they think that giving gifts to others is legal, therefore this must be legal.

Cash gifting schemes are very illegal in all 50 states.

Yes, if you give someone a monetary gift, that is 100% legal… duh, but that is not what’s going on in a cash gifting scheme like this.

Anyone running a cash gifting scam will tell you that you can receive up to $14,000 per year (per IRS) without having to pay taxes on that gift and they would be correct.

However, that has absolutely nothing to do with this gifting activity being legal or not.

Per the IRS website: “What is considered a gift?”

“Any transfer to an individual, either directly or indirectly, where full consideration (measured in money or money’s worth) is not received in return.”

A gift is only considered a gift when someone gives something of value to someone else and expects absolutely nothing else in return for it, even if it’s from a different person within a network such as how cash gifting programs work.

So, a gift isn’t a gift if there is an expectation of gains attached to it.

That act (receiving money yourself after you “gift” to someone else) negates it from ever being a gift in the first place.

In this cash gifting scheme (or any other for that matter), no one would ever give you a gift unless they themselves would be in a position to receive a gift.

There would be no point for them to do any of this otherwise!

There is a U.S. Code that says anyone who sends money through the mail for cash gifting scheme purposes will be fined and/or imprisoned for mail fraud.

Cash gifting programs in any form whatsoever are not a legal, legitimate way to make money online from home.

Cash Tracking System gifting program is an illegal scam that you should have nothing to do with.

Thanks for reading…

– David

 

 

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Tags

Cash Tracking System   Cash Tracking System to Financial Freedom   Your Financial Freedom   cash gifting   scam   MLM   Multi-Level Marketing   mlm   ECS Consulting  

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2 Comments/Reviews

Excellent advise from someone who understands financial freedom. Most of the critics of CTS probably never took a look at the 7 short videos. Only 1 hour of their time to look at the video can have a significant financial impact upon their life and yet they refuse to

Of note: I am not a member, but have gone through all the videos of the website that was offered to me (www.2016freedom.com) to learn more, and I have to say I can only give my opinion based on what I already know from understanding other “business systems” (including the one I’m currently using).

The videos at the beginning seem to be thought-provoking & much of it is actually true if you’ve read a few money books by Robert Kiyosaki (as you mentioned). If you understand the cash-flow quadrant & why employees/small business owners rarely get ahead, it’s because they participate in a “broken system”. The rich continue to get richer because they invest, rather than spend. And according to Kiyosaki, when you can turn expenses into investments, you are looking at a real legitimate opportunity & potential for financial freedom. This is probably the only reason why CTS doesn’t jive with me as much: there’s technically no “product”…but in their mind, that’s one of their pros – saying they don’t need people to have a product buy-in mentality. Essentially you pay to be part of the “club”. It’s a membership of like-minded individuals not bogged down with a cynical scam mentality. There’s actually MLM-type businesses that are entirely legit & do very well when the compensation plan is designed around effort, not seniority (like most jobs, I might add, are a pyramid structure for instance). In CTS, there seems to be no real hierarchical structure, though one may exist, but I’m unsure.

With ANY opportunity, one must evaluate the ROI (return on investment). If I invest in this opportunity, I would likely go for the $3500 buy-in and participate in their education platform/system (esp if I wasn’t already participating in one that teaches how to think differently making money). Because if you’re going to do anything, you gotta do it right & do what’s recommended by those who have gone before you. They OBVIOUSLY have a vested interest in your success, because the more you’re successful, the more they are…so understand the value of a mentor. But jobs mentality people would do well to start investing into their mind to start thinking like an entrepreneur. Read a few people skill books & that’ll be a good start. You just can’t assume there’s no risks in life & that you’re entitled to success if you don’t step out on faith & take some risks.

I learned a long time ago, take advice from those who actually have what you want in life, not those just willing to throw tomatoes at your ideas. ANY TIME you step outside of the box & have a dream, someone WILL challenge you. That’s why there’s so few highly successful people in the world: most people can’t hang with the adversity & go against the status quo. I’m evaluating the CTS simply as an additional stream of income. It’s smart to diversify in this economy. Whatever you do, DO NOT place all your eggs in ONE basket.

 

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