Is Susu a scheme?
That ‘sou-sou’ or ‘blessing loom’ is an illegal pyramid scheme – The Washington Post..
Is a gifting circle illegal?
What is a gifting circle? Gifting circles are pyramid schemes and participating in them is illegal. In many instances, the person asking you to join could be someone you know who is a member of a group that is active on the Internet or in certain circles.
How does the $100 to $800 work?
Here’s how “The Blessing Loom” scheme works: You’ll see an octagon that must be filled with names of participants. You are told that if you pay $100 to get a spot, you recruit other people, and once your name makes it to the center of the octagon, you get $800.
How does the money circle game work?
It invites you to join the Circle or Loom by sending $100 through PayPal or another digital payment service to the person whose name is at the center of an octagon-shaped playing board. … That’s when you leave the game or start all over again with another $100 payment.
How does the money board work?
With a small investment of about $100 paid through PayPal, Venmo, or another digital payment service, you can spread the wealth and see a huge return on the money you put in. All you need to do is recruit a few other people to invest. … Once people stop participating, the money supply stops as well.