With Christmas less than a month away, ’tis the season for scoring great gift deals online!
Unfortunately, that also means it’s the season for scam artists to try to trick consumers into spending money on hoaxes and schemes.
Christmas should be about joy and giving, not about constantly monitoring your bank account for fraud, but sadly, there are lots of exploitative people out there just looking to make a quick buck.
New scams pop up all of the time, like this cruel ploy called the “Grandma Scam” to steal money from elderly folks.
However, the latest popular con going “viral” on Facebook is actually a variation on a scam that’s as old as the hills: the pyramid scheme.
It’s called the Secret Sister Gift Exchange, and it promises that, for just a $10 gift, you’ll get 36 gifts in the mail.
This is a case where it’s appropriate to apply the maxim,“if it sounds too good to be true, it probably is.”
Scroll through below to learn how the scam works.