The Peoples Program…Is This A New Scam?

I just got an email from http://thepeoplesprogram.net [The Peoples Program] and it shows this guy with 2k in cash. Has anyone heard of this program, it seems like Abundant Living System and the Global Gifting System.

Let’s see…

New Jersey says it’s a serious crime at http://www.citylimits.org/content/articles/viewarticle.cfm?article_id=2281

Michigan classifies it as a felony at http://www.mason.mi.us/police/101708-CashGiftingSchemes.pdf

Florida says it is a misdemeanor – provided both gifter and receiver are within the state. If it crosses the state line, instant 3rd degree felony.
See http://www.vnn.org/editorials/ET0008/ET15-6156.html for a more detailed discussion of the law involved.

North Carolina’s Attorney General had this to say, “Under North Carolina law, a pyramid scheme is any plan in which a participant (1) pays money (2) for the chance to receive money (3) upon the introduction of new participants into the program.” at http://www.ncdoj.com/DocumentStreamerClient?directory=CPTipAlert/&file=Pyramid%20Schemes.pdf

Texas, well, they had a high profile gifter thrown in prison earlier this year for gifting. See the court ruling at http://www.14thcoa.courts.state.tx.us/opinions/htmlopinion.asp?OpinionId=83666

Colorado? Don’t even BREATHE the term cash gifting there. Colorado was almost destroyed back in the 1930s by a gifting program based on dimes. You send someone more than $50 as a gift there, with no product, and your name will be begging to be merely “mud.”

Iowa’s attorney general has a big list of reasons why gifting is a scam, at http://www.iowa.gov/government/ag/latest_news/releases/nov_2001/pyramid_gifting_legal_memo.htm and some advice for victims at http://www.iowa.gov/government/ag/latest_news/releases/dec_2001/pyramid_How_To_rel.htm

California… hehehe… if you really want to know just how bad the Golden State is for gifters, go to scam.com and look up Brian Martin. He and his brother (the “Cash Gifting Twins”) found out the very hard way about the law. And about the FBI.

Nebraska has a Supreme Court ruling against cash gifting going for them. They can hit any gifter with sale of unregistered securities, no matter how much the gifter protests that it wasn’t a security or investment (because under Nebraska state law, it is one).

Speaking of the Supreme Court, the ruling Lucas v Alexander renders cash gifts taxable, not tax free, if you solicited it or otherwise asked for it.

And there’s a Federal court ruling out of the Virgin Islands (yes, they are part of the USA) that gifting statements are null and void due to lack of donative intent. See http://www.vid.uscourts.gov/territorial/06sc0016.pdf for the judge’s words. So, that piece of paper they claim protects you – doesn’t.

Be Sociable, Share!

•