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Pay It Forward (Gift circle)

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Pay It Forward (Gift circle) Reports & Reviews (1)

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We were invited to attend a presentation with other families to look at a great fundraising opportunity for a team. It turned out to be a presentation for a pyramid scheme called ‘Pay It Forward’ (a gifting circle). The presentation began by advising that no recording (video or audio) are allowed and next tells you that is not a pyramid scheme and is 100% legal (all this before they tell you what is involved, this was the first Red Flag for me). You are encouraged to join on the baseline and hand over your gift of $5000 (when you have the money available) and recruit two more people (who then recruit 2 etc or you can share a spot with someone and split the investment) in order to climb to the top and receive a $40,000 ‘Birthday Gift’. There are only 15 people in a “Cloud” as people are recruited the Clouds split off to new clouds and this is how you reach the top position. Once you receive your Gift you drop from the top position but are encouraged to buy back in to keep the Cloud going and have another opportunity for a Gift. We were also told that we are not to tell anyone the details of the presentation as there are people in the program (ie celebrities, famous sports players etc) who don’t want anyone to find out about their involvement as they are doing it to help others to also make money. We were also advised not to run home and “Google” it because the Blogs that come up contain the information that is not fact based and are not the same thing as this opportunity. The also advise it is 100% legal because there is no “Treasurer”, money changes hands directly between parties. When it is your turn to receive a “Birthday Gift” you purchase $50 gift cards to exchange with the people you receive gifts from. If we chose to become involved we were told to email our information (Name, Phone, Email & Cloud Name) to the person that invited us and we would then be asked to download the “Telegram” App in order to communicate in the Cloud Chats. We recognized this for the scam it is however are concerned because other families were excited at the possibility of making easy money.

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