Holiday Gift Pyramid Scheme

Secret sister gift exchange circulating again on facebook asks users to send one gift valued at 10 or more to get up to 36 gifts in exchange the bbb says it s a pyramid scheme.

Holiday gift pyramid scheme. Social media gift exchange is an illegal pyramid scheme abc7 southwest. Gift cards wine books greeting cards small gifts cookies money. If someone on facebook tags you to join a secret sister gift exchange this holiday season beware it might be little more than a pyramid scheme dressed up for the holidays the idea is that.

Each holiday season the scheme pops back up. They send out requests to six of their friends with the same promise. A secret santa esque gift exchange has been widely spread across social media during the holiday season scam alert.

Reddit s popular secret santa gift exchange presents an option for those who wish to exchange holiday presents with strangers but it involves sending and receiving a single gift not 36. And worse it s illegal the better business bureau bbb says. The secret sister gift exchange campaign quickly became popular in 2015 through facebook posts promising participants would receive up to 36 gifts in exchange for sending one.

However the scam scheme relies on the people at the end of the chain sending without receiving. Albeit interesting it s actually an illegal pyramid scheme. The concept promises participants up to 36 gifts in exchange for sending one gift of 10.

These gift exchanges while they look like innocent fun are really pyramid schemes and are considered illegal. A secret santa esque gift exchange has been widely spread across social media during the holiday season since 2015.