It’s mathematically impossible to sustain.”Īccording to the Better Business Bureau, these pyramid schemes on social media are illegal. Nigeria’s finance minister Adebayo Olawale Edun said up to 6. “However, for everyone to receive what they’ve been promised, each layer of the pyramid must attract new recruits. “The people at the top of the ‘pyramid’ benefit most - and might actually receive the items promised,” the USPIS wrote on its Facebook page. Cryptocurrency platform JPEX shut down some trading during an ongoing investigation by the Hong Kong police. The law enforcement arm of the US Postal Service said most people won’t receive anything for their contributions and will just be out of cash. The USPIS first warned about the pyramid scheme in 2015 when it spread like wildfire on Facebook. The scam also asked users to comment “I’m in” for more information. (Hello, Amazon!) you will then receive 6-36 gifts in return.” “You have to buy one gift valued of at least $10 and send it to your secret sis. “Anyone want to join in on this fun?” one post read, according to CBS. The same scam surfaced in previous years, too. Postal Inspection Service (USPIS) is warning Facebook users not to fall for this online gift-giving scheme.Ī Facebook post has been recirculating online asking social media users to send a gift worth $10 or more to a “secret sister” with a promise of 36 presents in return. Star of HBO 'Telemarketers' docuseries disappears Grandma scammed out of nearly $480,000 after selling family home in complex fraud scheme Social media gift exchange scam - Fayette. Look out for it on Facebook, Instagram, etc. Do not fall for the popular social media gift exchange scam. Heres what you need to know: Scammers are taking advantage of holiday good will.

Your Social Media Man is a boutique social media management company specializing in the development and implementation of impactful social. The seasonal scam of a gift exchange that’s actually a pyramid scheme is passing around again.

Major airlines scramble after being duped into using plane parts with phony inspection certificates in $3M scam Your Social Media Man, Overland Park, Kansas. A ‘dinner swindler’ stiffed me out of $240 - why are trolls taking the scammer’s side?

Holiday gift exchange scam facebook