A gifting company named Gift of Legacy recently entered the market and made the bold claim that it will create a perpetual gifting economy.
This post will offer you a detailed analysis of this company and give you a suggestion on whether you should join it or not.
Also, we have shared some serious red flags against Gift of Legacy to prove why it is a pyramid scheme scam?
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What is Gift of Legacy?
Gift of Legacy is a gifting-themed MLM company where you can make money in the name of “Gifts” by recruiting new members.
This company’s founders operate anonymously, and no information is known regarding its headquarters.
According to Similarweb, Giftoflegacyglobal.com have 100k+ monthly visits with the top three reached countries, Romania (14%), Brazil (15%), and Russia (31%).
According to WHOIS, Its domain was registered in December 2021.
The company doesn’t actually offer any physical products; rather, they promise to give money as “gifts” to members who progress in the organization.
Gift of Legacy operators an MLM Compensation Plan called Gift Plan.
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Gift of Legacy Joining Process
There are two ways you can join this company. First, you can visit their website and sign up by providing basic information about yourself.
The second way is to get in contact with any perpetual board member who has already joined this company, and she/he will add you to his downline.
You can deposit money into the Gift of Legacy platform through WISE, bank transfers, or cryptocurrencies for a minimum deposit of $100.
Gift of Legacy Income plan
There are four ways to earn money from the Gift of the Legacy; these four are known as “perpetual boards.” To meet the demands of the perpetual board, you have to join others in your downline and request to invest the same amount of money as you.
These perpetual boards operate solely through person-to-person gift-giving method; a third party is not engaged.
|Perpetual Board||Joining Amount||Gifts||Amount You Can Keep|
Once you reach the top level, you can invest again in any board since there is no restriction on the number of cycles you can complete on a board.
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Gift of Legacy Review
Now it’s time to share our opinion on Gift of Legacy.
We found a lot of red flags and questionable elements about this company when analyzing it. Following are a few of the important points we observed:
1. Founders are hiding
The most suspicious thing about this company is that its founders are operating anonymously. Additionally, neither their headquarters nor their base of operations is known to us.
This company is raising public funds with terms like “Gift-Economy”, but not revealing its actual identity.
Their website only has a login section and no additional sections such as an About, FAQ, or contact page, so it does not appear to be that of a legitimate, trustworthy company. These things undermine user trust as well.
2. Bluff Content on Social Media
Despite the company’s continuous social media marketing, the content is misleading and only intended to deceive individuals.
A few months ago, they held a webinar on their YouTube channel where numerous individuals explained how the income plan functions. Yet, according to sources, they are not associated with the company at all. According to reports, one of them even worked as a barber while posing as a company representative.
3. No Customer Support
There should always be a support system in the platform where users can ask a question or file a complaint, regardless of whether the company insists that there are no third parties involved in their income plan.
As it is not registered as a legal entity, you will not get any assistance from the authorities and government in case of fraud.
4. Misleading Claims
We can conclude that the company is nothing more than a money-circulation scheme, despite the fact that it claims to be built using an incredible algorithm in which everyone can earn money because of abundance.
Therefore, refrain from investing your hard-earned money in these kinds of fraudulent schemes.
5. Pyramid Scheme Scam
Gift of Legacy is a pyramid scheme that lures people around the world to become part of their gift economy.
They are operating a money-rotation scam where existing investors are paid for the investment of new members and the company is making a huge margin.
Sooner or later, it will disable withdrawal and going to shut its operation. As such scams spread exponentially most people are going to lose their money.
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