Lazy Wealth
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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://lazywealth.com | |
| Recommended: | No/Scam |
Lazy Wealth System Scam Review
by David Harris
“Lazy Wealth System” 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 cash gifting program is 100% legal even though it’s 100% not legal.
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.
Remember, and this is very important, a gift isn’t a gift if you expect something back in return for said gift. Getting something back in return of equal or greater value negates it from being a gift in the first place.
This is why Cash Gifting is completely illegal because it isn’t even a gift that you are “giving”.
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 unscrupulous schemes for the proper authorities to get around to taking them down much less prosecuting the scammers who run them, many times from outside of the U.S.A.
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 the Lazy Wealth System. Nothing but heartbreak will come to you if you don’t.
Thanks for reading…
– David
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