What Is a Gifting Program?
Gifting programs are simply a new variation on the old pyramid
scheme, but usually pitched as a way to share the wealth, or other
philanthropic aims, with of course, financial benefits to you.
You as the originator, are level A, and will recruit four people to
join. They are level B. The four at level B, then each go out and
recruit four people of their own, who become level C. Their "gift",
is $1,000. That money is passed up the levels to A, or you. Level C
(now 16 people), each go out and recruit four people who become
level D. Their gift of money is passed up to the B level. Meanwhile,
B is still recruiting more people for level C, whose gifts come to
you at level A.
Think of it this way: It is your "grandchildren" who make the money
for you. Your vested interest is in motivating your "children", to
recruit more gifters or grandchildren, because that is how you build
up funds.
But as each level grows, so the market for gifters gets smaller.
Like all pyramid schemes, sooner or later, the whole thing will
collapse, because the money accrued from gifts, peters out as people
become aware they are not getting their funds back, and the ripple
effect passes up the pyramid.
These schemes are illegal in most states, and claims by programs
that their "gifts" as such, are tax deductions, is not true.
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