Cash Tracking System
|Type of Business:||Cash Gifting Scam|
|Skill Level Needed:||N/A|
Cash Tracking System Scam Review
by David Harris
“Cash Tracking System”, also known as Cash Tracking System to Financial Freedom and found at financialfreedomsites.com, is a cash gifting scheme.
When you try to find information about Cash Tracking System’s website it is 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 Cash Tracking System’s program.
Cash Tracking System claims 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.
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 Cash Tracking System.
Their traffic is nothing to speak of so Cash Tracking System 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 Cash Tracking System so they inevitably lose all the money they invested.
The websites people receive are clones so everybody is competing with each other with the same generic duplicate sites.
Cash Tracking 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.
Cash Tracking System gets members to focus on getting more recruits to their group, but the compensation model is not described in 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’s 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 Cash Tracking System 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 monthly with a one time $25 setup fee added.
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 is very illegal in all 50 states.
Yes, if you give someone a monetary gift, that is 100% legal… duhh, but that is not what’s going on in a cash gifting scheme.
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 nothing to do with this 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 is 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, 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 US Code that says anyone who sends money through the mail for cash gifting purposes will fined and/or imprisoned.
Cash gifting programs in any form are not a legal, legitimate way to make money online from home.
Cash Tracking System gifting program is an illegal scam.
Thanks for reading…
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