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Beware of Cash Gifting Programs
11/3/2009 12:55:54 AM

These programs seems to be the old "pigeon drop scheme" ~

Pigeon drop scheme:

In the pigeon drop scam, swindlers work in pairs or teams. One befriends an unsuspecting consumer, the "pigeon," while the other approaches them with money or valuables he claims to have just found.

After some rehearsed conversation, the con artists agree to split the money three ways with you and arrange to meet at a lawyer's office or somewhere else of their choosing.

But can they trust you, they ask. To get your share, you'll need to put up some "good faith" money, which they will return to you after the goods are divided.

To prove yourself trustworthy, you turn over a large sum of money to them and later go to meet them at the designated spot. Soon after arriving, you realize the pair is long gone -- and so is your money.

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In these times of economic depression ~ why would strangers give lump sums to strangers.

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