From Broke To Rich
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Overall Rating: |  |
| Type of Business: | Private Cash Gifting Activity Programs | |
| Skill Level Needed: | N/A | |
| Income Potential: | N/A | |
| Website: | http://frombroketorich.com | |
| Recommended: | No/Scam |
From Broke To Rich – Scam Review
From Broke To Rich by Daniel Palleschi, found at frombroketorich.com, is an unethical cash gifting program. Palleschi goes on to say this gifting program is legal but it really is not, at least in many states in the U.S..
Any company engaging in cash gifting, cash leveraging, pyramid schemes or any variations of these types of scams try telling you that you will profit from them. Do not do it. It is an illegal activity punishable by law.
From Broke To Rich says that what they do is perfectly legal because the U.S. tax code allows a loophole that lets you give or receive up to $12,000 per year in gifts tax free.
That is a total misnomer to entice you to join their scheme!
Cash gifting, also known as cash leveraging, is a punishable offense in most states. The law deems cash gifting to be under the statutes of illegal lotteries, chain letter fraud and pyramid scams.
Avoid cash gifting programs like From Broke To Rich if you don’t want to end up paying fines or facing possible prosecution, just to be safe.
Thanks for reading…
– David
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