Javajune's Blog

Someone once said… “Laugh as much as you breathe and love as long as you live.”

Gifting Circle- Crash and Burn

Please welcome Jessie to the sofa.

It’s pretty sad, I have an Aunt in Florida that’s in a gifting circle, it was going strong, well amazingly strong & then bad press hit the paper from an upset ex-husband that raised hell w/the media & the circles broke down. She had been through it twice, paid off her daughters college tuition loan & started up a pet adoption home… and now she had put in money for herself & 3 others she knew to get through this and they all collapsed because people actually believe these scare tactics! It’s so sad… something good can get turned into something bad so quickly! It really does work… not for everyone in different circles b/c greed plays a role in some peoples hearts & they can ruin in! I can speak for my Aunt when I say that she’s changed a few people’s lives & it’s sad when it comes crashing down when they were so successful and doing nothing wrong.

Junie: I’m sorry to hear that your Aunt’s gifting circle didn’t work out. Risky investments are always a gamble, especially when they’re subject to the behavior of others. People get crazy when it comes to money.

jj

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February 20, 2009 Posted by | confessions, family woes, rants | , , , , , , , , , , | 7 Comments

I’m Alive and Still Crazy; Now Show Me the Money

Junie has had a rough week and needed a little time on the sofa to recuperate.  ( a little word of advice- stay away from the recalled peanut crap)  These are my delirious rambles while laying back with a cool cloth to my head.

Peanut crap – very bad…  this sofa – too hard…  where is that damn maid – oh yeah she’s having a sick day…   no work – no money…  show me the money! (I said I was delirious didn’t I)

Speaking of money, a while back the Sofa Diary was busting at the seams with controversy over the recent spawn of Gifting Circles. I received numerous emails and comments on the subject. At one point I was told that a contributor’s life was in danger and asked to delete or amend several comments to protect her identity. WHOA!!!   Stop… What?  her life is in danger?  For real???  The contributor said she was being threatened and exposed by one of my readers. Yes it got that HOT! I did some editing and deleting of comments as requested and all was calm for a while. Below is an excerpt from one confession.

“I can’t believe I gave our vacation fund to a group of women who promised me friendship and easy money. I met this stranger in the McDonald’s parking lot and handed her an envelope  with 5k of my families savings inside. I knew very little about her, only that she was a friend of my neighbors and sounded very persuasive on the phone. She said this was totally legal and not a pyramid scheme. Why then, did we have to meet in the Micky D’s parking lot and why did I hand her 5k in cash in an unmarked envelope. I didn’t get a receipt or even her phone number for that matter, she had called me.” Read the rest of her story right  here.

Recently I have recieved more requests for information on these Gifting Circles and decided to replay some posts and comments from the past. If there is anyone who can add their own experiences with this money making venture… please jump into the mix by leaving a comment or confession. Please do not use your real name. I don’t want any more dramatic emails or the need to use the delete button. I have the power! I love that!!!

Here are a few comments that were left by our readers, between several posts about the madness of Gifting Circles. 

“My sister was on here talking about a gifting circle she joined, and her boss helped her join, she has since been let go from her job. The economic times are though, but her boss helped her join my giving her money and now she had to be let go. I’m sure her boss feels terrible. I know she hasnt been back on here due to no internet access. She is from the MI area and has 3 kids who are school aged, now she has no job. Her mother has given her money from all of this but she is only in the beginning stage of this gifting stuff. It’s all very sad, but I thought I would updated on her part since she isnt able to get back on here and tell her story. I’d appreciate no comments to be, as I am just the messanger! My sister was taken into something then her job was in jeapordy over it, it’s very unfortunate. She made it sound better than it was. Please keep your eyes open to people who will take advantage of you.”

“Don’t do it”

“If you didn’t tell your family or any friends… then your not helping anyone and contributing to the circle. You can’t move if people don’t get in under you. That’s the POINT! Your missing the point here, gifting circle’s are not magical money growing circles… they take work. Have you been to meetings? Phone conferences? …. These are things that happen in these “Successful” circles! If everyone is so hush hush then how is this a ‘women helping women’ gifting circle? “
 
 
“Sounds very fishy to me. Is there any wording about what happens if the next round of “friend” cannot be tempted to join? Does that mean you’re out 5K? Sounds like a very risky proposition…”

“I am in the gifting circle. I can guarantee in the state of Michigan this is not illegal. In my gifting circle i have a judge. Along with this judge she has brought three other females who also work for the state to join. Im pretty positive they wouldn’t jeopardize their jobs.  you are allowed to gift $12,000 dollars a year. You are only gifting $5,000 to a single person. No wrong doing their. Its a great opportunity, I strongly suggest joining. It does seem too good to be true but believe me, its all true. You technically don’t have to put the full 5K in you can be sponsored by someone or share with someone where you would put 2,500. I strongly suggest going to a meeting, you cant do anything but benefit from this situation.”

“Totally stupid and  illegal as hell”

“These are not illegal, I am a cop & there is nothing much we as cops can do. Sorry, but thats the truth”

“Hi Everyone, this is an excellent topic and I feel the record should be made clear about the legalities of these so called scams. Around summer time I was researching everything I could about these programs and if they where indeed legal at all. Opon speaking with the IRS about joining and participating in said activities the secretary informs me that there is no illegal activity going on.
I am very glad to see people are doing their home work on the subject as I do daily Q&A blogs and Q&A videos just to get peoples questions answered. I think it’s very important for people to be informed about their financial options. Great topic”
 
 
  For those of you who don’t have a clue about Gifting Circles click this post for a brief description of how they work.

I’ve  been told that it’s an illegal pyramid scheme by some and that it’s not illegal or a pyramid scheme by others. This topic is the most hit-on subjects on my blog and generates a lot of controversial discussion and comments.   Can you believe that this subject tops all the sexy , smutty stuff? That just proves it… money is more powerful than sex 😉  Feel free to throw your 2 cents or 5k in about the matter. The tough economic times and lousy stock market are generating  new money making ideas/schemes. Crazy Times= Crazy people.  There is an allure to meeting in secrecy while exchanging wades of cash. Hell, the thought of easy money is tempting enough.  I have to admit that it is very enticing but mostly just interesting. ( my money will remain stuffed in the mattress) Take a look at a previous post with comments in its entirety here.

Below is an excerpt of my original post  that started the whole frenzy.

“I wasn’t born yesterday, far from it, but why do I feel so tempted to do something so stupid and very illegal? I was approached a few days ago about joining a Woman’s Gifting Circle. The invitation came from an old friend for a girls night of food and sharing. She said it was a gifting club for woman where they get together and talk while exchanging gifts.” Read the rest of this post and comments right here.

Hope you enjoyed this little blast from the past. Remember stay away from the peanuts!   That crap took me on a very, very baaaad trip 😦

jj

February 10, 2009 Posted by | confessions, me, should be illegal | , , , , , , , , , , , , , | 6 Comments

Hot, Hot, sizzling

Up Date

Junie here with a couple comments and a little reminder. The controversy over Gifting Circles rages on and I appreciate the many comments and views from the Sofa Diary readers. Let’s keep in mind that we are all on the same side here. The sofa diary is meant to be a fun read and a  stress reliever for all. It gives everyone a chance to vent or confess anonymously. Please remember that you never have to use your real name in your confession or comments. This blog isn’t meant to expose anyone. We are all here to support each other and I do see a lot of very supportive comments here. Thank you to my regulars for giving your 2 cents and support to our confessors.  I don’t contact my confessors or commenter’s, except to say your secret is posted, but if you have a question or need an answer please email me at sofadiary@yahoo.com and I will answer back.  I am the only one who reads this email- so your secrets are totally safe with me. Remember things are tough out there and everyone has their own way of making it through whether it’s a gifting circle or standing in the unemployment line.  We all need to stick together and make this a better 2009. We will table the Gifting Circle discussion for today but revisit it in the near future. I think everyone is curious to see how this works out for those who are involved. For thoses of you who have invested keep us posted or email me and I will let everyone know.  These groups are an interesting sign of the times if nothing else.  I appreciate you all very much!  Thank you and good luck to everyone.

jj

January 12, 2009 Posted by | confessions, me, secrets | , , , , , , , , , , , | 2 Comments

Gifting Circle Madness

velvet-sofaHappy New Year Sofa Diary readers. I thought I would break into your regularly scheduled confessions to talk a little about a hot topic here on Javajune’s blog. Some time ago I posted my confession about being tempted to join a gifting circle of friends and since then we’ve had a confession from a woman who joined a gifting circle in her area.  I would like to open the floor (sofa) up for questions, comments and truths about these groups that seem to be popping up everywhere across the country right now. We have had comments for and against their existence on the two previous posts.

For those of you who don’t have clue about Gifting Circles the following is a brief description of how they work. Of course it is my take on the matter and I myself am not involved in one, so if I misspeak please feel free to correct me. Gifting Circles involve a group of people who come together for the soul purpose of  making money and friends. Each member contributes a sum of money, 5k seems to be popular, and the person in the receiver postion collects all the money. Then new blood is brought in with their money and the next person in line collects the dough. It could take months, weeks or even years for you to collect depending on how quickly your group gets new members and where you are in the circle.

I have been told it is an illegal pyramid scheme by some and that is not illegal or a pyramid scheme by others. This topic is one of the most hit-on subjects on my blog and generates a lot of controversial discussion and comments. Feel free to throw your 2 cents or 5k in (just kidding) and tell us what you know or think about the matter. The tough economic times and lousy stock market seem to generating a few new money making ideas out there. I have to admit that it all sounds very enticing but mostly just interesting.

jj

January 9, 2009 Posted by | confessions, me, should be illegal | , , , , , , , , , , , , | 17 Comments

Gifting Circles and other Illegal Stuff

eyes-21

Here is a confession of my own. Let me get comfy on the sofa. Ahhh, okay here goes:

I wasn’t born yesterday, far from it, but why do I feel so tempted to do something so stupid and very illegal? I was approached a few days ago about joining a Woman’s Gifting Circle. The invitation came from an old friend for a girls night of food and sharing. She said it was a gifting club for woman where they get together and talk while exchanging gifts. Okay here’s how that conversation went:

This is me: “Okay, sounds like fun, what sort of gift should bring?” Friend: Well it’s kind of hard to explain but we give each other money.” Me: “Money, how much money?” Friend:“Most groups give 5k each. (yeah thats right 5 thousand) and our  8 names form a heart. The woman at the point or bottom of the heart gets the 40k. Then she drops out and everyone moves down a spot.” Me: “What 5k are you crazy?”

Well you can imagine how the rest of that conversation went. I just couldn’t get over the fact that she wanted me to bring 5k in cash and hand it over, all in hopes that I would eventually receive 40k, if we get enough suckers, I mean woman, to join.

I asked around a bit and did a little google search but I still wasn’t satisfied with what I heard or found. The net said pyramid scheme and very illegal. People I know said,” oh yeah I heard so and so did it and made 40k or did it twice and made 80k.”

My brain says; what a scam and Junie girl you would have to be one crazy bitch to get involved with that. I can just see it now, after the money is exchanged the swat team will bust through the windows, swinging on ropes, put me in handcuffs and then hall me away to share my new digs with my new roomy, Big Bonnie.  😮

Ohhh, Did I forget to tell you about my vivid imagination. Yeah it’s pretty bad. Throw in a little anxiety and a lot of caffeine and you have the rambling version of Java June. But seriously readers, what should I do? I am sooo curious and who wouldn’t want to make a quick and painless 40k?  Yes Janet, I am well aware of the old add-age; if it sounds to good to be true it probably is, but, but I just want to go to see what kind of women are involved. Should I go and leave my check book at home or should I just stay away, all together, because I know how easily suckered I am?… And of course there is the illegal part. Have I ever done anything illegal before, you ask?  Well that’s an entirely different post 🙂

JJ

December 3, 2008 Posted by | confessions, me, should be illegal, Uncategorized | , , , , , , | 24 Comments