![]() You will receive little to no money back on your “investment” or gift exchange. No matter what they claim, pyramid schemes will not make you rich. These imposter schemes are false as the government will never endorse illegal activity. Some pyramid schemes try to win your confidence by claiming they’re legal and endorsed by the government. This will open you up to identity theft and other scams. Never give your personal information to strangers.You can report these Facebook posts by clicking in the upper-righthand corner and selecting “Report post” or “report photo.” If you receive an invitation to join a pyramid scheme on social media, report it. Stop and ask, is it worth breaking the law? Report it instead to Canadian agencies or to the U.S. The posts often promise participants 36 gifts in exchange for one. Chain letters involving money or valuable items and promise big returns are illegal. The so-called secret sister gift exchange has circulated widely on Facebook, Reddit and various forums, according to Snopes. Ignore it! Keep in mind that pyramid schemes are international.Here’s what to do if you come across one of these scams: With just a few pieces of information, cyber thieves could commit identity theft. When signing up, the alleged campaign organizer is asking for personal information such as a mailing address or an email. Postal Inspection Services explains that these gift exchanges are considered a form of gambling and that participants could be subject to penalties such as jail time, fines or a lawsuit for mail fraud.Īn added level of danger to these schemes is potential identity theft, according to the BBB. Pyramid schemes are illegal in the US and Canada. ![]() (Getty Images) A 'Secret Santa' around the office, or with friends and. Once people stop participating, the gift supply stops, and leaves hundreds people are disappointed and without their promised gifts. BBB Scam Alert: Social media gift exchange is an illegal pyramid scheme By Better Business Bureau. Just like any other pyramid scheme, it relies on the recruitment of individuals to keep the scam afloat. The cycle continues and you’re left with buying and shipping gifts for unknown individuals, in hopes that the favor is reciprocated by receiving the promised number of gifts in return.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |