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Cash Tracking System Review – Cash Gifting Or Money Game?
At first glance, the Cash Tracking System – one of the oldest “legitimate” cash gifting programs on the net – would appear to be a scam. To the uninitiated, and I’ll admit to not having any experience with cash gifting programs, cash gifting just looks like a money game. There’s no product, there’s no company website…THERE’S ACTUALLY NO COMPANY! In fact, I’ve seen cash-gifters refer to the Cash Tracking System as their current “activity”. Not “business” or “home based business”. I was intrigued and decided to take a closer look!
Now, apparently Cash Gifting is completely legal. The IRS, for example, allows US citizens to “gift” $13,000 without any tax ramifications. It’s just that we are used to seeing people gift money to relatives or people in need. Not advertising to gift to others who they don’t know who plan to then gift to others. Plus, since we tend to look at cash gifting as a “home based business” or “network marketing business”, we expect to see a product associated with the exchange of money. Cash Tracking System, or any cash gifting program, does not have a product.
While there’s no product, the rest of the program works like a typical top-tier direct sales home business. To get your website – which contains 7 videos to help you sell your prospect, and a capture page, you pay money directly to your sponsor – either $500, $1000, $2000, or $3500. I assume you pay a monthly admin fee for your website but I’m not positive. All of that is cool – it’s just the “no product thing” that most of us need to get past.
I don’t like to judge, and the Cash Tracking System “activity” is considered 100% legal – it’s not a ponzi scheme or scam. The capture page looks slick. I have not opted in to see the sales page but I assume it’s very professional based on the capture page.
The target market to generate Cash Tracking System leads and prospects must be ideally people who already have a positive opinion of cash gifting programs. Just like I do not want to have to explain to people the merits of network marketing, I assume cash-gifters do not want to have to try to “sell” someone on the merits of cash gifting. This is only logical to me.
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Hi SteveD. What I have to say in return to your last comment is this.
I want to clear up a MAJOR misunderstanding about just how long CTS has been around.
In defense of Pat and the CTS System, they have been around for over 10 years, HOWEVER, the domain name “cashtrackingsystem.com” has only been in existence for 3+ Years. This is because Pat and his team have been running this system WITHOUT the 7 Step Video Overview that this system provides on this particular domain. SO, for many years, Pat has been providing this SAME ONE UP Cash Gifting program, but in 2008, they took it to a WHOLE NEW LEVEL, and NOW offer this incredible 7 step system. It has made it amazingly easy to share now.
I can see how people would mistakenly think that since the site is only 3 years old that they are misleading everyone. HOWEVER, they are NOT talking about how long the domain has been there, but rather the one up system itself. SO, they are NOT lying to people at all.
I hope this clears everything up for those of you who might think this. It is a darn shame that people on the net are actually misleading people so they will join their program instead. That is just plain wrong. BUT, what comes around, goes around, right? I won’t name any names, but there are some big marketers out there intentionally lying about this, and they know the truth. BUT, they lie about it anyway, because they have no integrity. Not saying YOU SteveD, but there are others.
I also want to point out that your friend is getting in trouble in his own state, Maryland. Why? Because he has somehow attracted a lot of people in his home state, probably from his warm market, all the while doing the cold market as well. SO, although he is still doing it from home and not holding public meetings, he is still doing it locally, and must have received a lot of complaints from those people. What are they complaining about? Did he mislead some of them? Just asking…
The truth is, if you get multiple LOCAL complaints, you are going to attract a lot of attention from the authorities. I have NEVER done ANY local marketing, warm marketing, etc. I do this NATIONWIDE, and NOT ONE PERSON on my team has EVER complained about my conduct because I provide the best support and training AND LEAD resources on the planet.
I cannot speak for your friend Steve. Although it is apparent that your friend must have made a lot of people mad at him to receive so many complaints in Maryland.
This CANNOT and WILL NOT happen to you IF you are honest with people, treat them with respect and give them ALL the training and support they need.
My people LOVE ME. I am also the ONLY person doing it the way I do it, and getting great results from my other members. I am NOT the only person receiving cash as I have many others on my team doing well. I provide THE BEST LEADS at the most affordable prices to our team in ALL of CTS and BY FAR the best training and support.
I hope this clears up the misunderstandings about CTS and your particular case that you speak of.
Thanks for letting us share Steven Hawk!
Sincerely,
Mark
857-221-9130
markthehelper@gmail.com -
Mark, I just did…..
What I mean is, if you can give an example of someone who doing it from home, by private invitation ONLY over the phone and internet, ONE on ONE, got into legal trouble, please let us know.
David NEVER held meetings, he did this strictly through VB and the internet, he lives in the state of Maryland. The SEC views cash gifting as a ponzi/pyramid scheme. All it takes is coming in contact with someone who has legal”connections” and you certainly run the risk of a federal investigation (such as the one I posted).
As for ONLY being investigated because of group meetings, thats completely not true. People get in trouble for local meetings b/c its easy for the Feds/law enforcement to find them…..much more difficult to track someone down at home. Also think about the logic behind that….its perfectly legal to bring someone in one on one, but in a group, well that completely illegal.
Also Mark, those gifting statements/non solicitation statements….completely worthless, wont stand up in court AND will be a paper trail for you for paying taxes on, if you end up being investigated like my friend David.As for CTS, I personally know Pat, who runs CTS…hes a BS`er who tells people CTS has been around for 10 years and has 100K members. Completely not true, simply look up his URL…
Registered through: GoDaddy.com, Inc. (http://www.godaddy.com)
Domain Name: CASHTRACKINGSYSTEM.COM
Created on: 24-Nov-08
Expires on: 24-Nov-11
Last Updated on: 25-Nov-10CTS has been around since LATE 2008 and I assure you no where NEAR 100K members, not even 10K.
And Mark, I dont mean to attack you either, its just that I have been involved with gifting programs since 1999….I have seen it all my man, but I never tell anyone that gifting IS legal, b/c I know too many people who have been in litigation on state and federal levels.
People claim that no one in their organization has ever been investigated, they most certainly have….its just that the other people do not know about it.Theres too many good programs out there that ARE legit and can bring in the same amount of $$ without all of the headaches and worry that gifting causes…..once a prospect googles “cash gifting”….its pretty much all over.
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It is so refreshing to see folks discussing this like mature adults. CTS is well within the law. Thank you Mark Ross for your very informative post! What you and another private individual decide to do is between you and that other person. That is the beauty of this program. People helping people… it honestly doesn’t get better than that. I have had great success with CTS and I am looking forward to many years of continued success.
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H.L.´s last [type] ..I have discovered in 100% of the cases that people who don’t take step number 1… - Comment Feed for this Post
I would like to just give an update on my overall success with The CashTracking System. Since July of 2010, I have received well in excess of $265,000 and counting. I continue to receive 20-30K a month regulary and growing. Most importantly, because of my exclusive lead and marketing resource I have others creating great success too, and I can even prove it.
CTS is the best financial decision I have ever made for my family. Don’t let the negative people and the nay sayers stop you. With the right team and support behind you, this is awesome.
As always, thanks for letting us share Steve.
Mark
markthehelper@gmail.com
857-221-9130