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May 21, 2020 · Also known as the “Mandala Game,” “Blessing Circle,” “Infinity Loom,” “Giving Circle,” and by other names, the scam is a chain letter-type of pyramid scheme. While versions vary slightly, the one we’re hearing about most promises that you’ll collect $800 for an investment of $100 and, at the same time, help bring good ...
May 22, 2020 · known as the “Mandala Game,” “Blessing Circle,” “Infinity Loom,” “Giving Circle,” and by other names, the scam is a chain letter-type of pyramid scheme. While versions vary slightly, the one we’re hearing about most promises that you’ll collect $800 for an investment of $100 and, at the same time, help bring good fortune to ...
- Appeals to Emotion
- Valuable Prizes
- No Free iPhones
- Just Clickbait
How do like-farmers lure people into liking or sharing their content? As with any scam, it appears in multiple forms. Many like-farmers rely on appeals to emotion: anytime you're urged to “like” or “share” a post that pulls at your heartstrings or pushes your buttons, there's likely a like-farmer behind it. “This poor little girlwith cancer lost he...
Not all like-farmers rely on appeals to emotion, though. Others will claim to offer valuable prizes to people who “like” or “share” a post; those posts you see promising the chance to win a free Macbook or latest-gen iPhone, free chain-store gift card or some other valuable freebie are pretty much guaranteed to be scams. Last week, for example, the...
The first post on that page is dated Sept. 23, barely two weeks after Apple unveiled its then-new iPhone6, and it said: “We have got 10 boxes of iPhone 6's [sic] that can’t be sold because they have been unsealed. Therefore we are giving them away for free.” (Coincidentally, Sept. 23 is also the day we here at ConsumerAffairs published an articlehe...
A close cousin of like-farming might better be called “response farming,” or just clickbait: posts designed solely to elicit a response. It differs from like-farming in that like-farming is done by actual scammers, whereas response-farming is usually promoted by actual companies to increase their Facebook popularity rankings. Look at the promotiona...
Mar 16, 2018 · Today’s twist: online chain referral schemes involving cryptocurrencies like bitcoin and Litecoin. Today the FTC announced a complaint against four people — Thomas Dluca, Louis Gatto, Eric Pinkston, and Scott Chandler — for promoting deceptive cryptocurrency schemes online. The schemes were promoted through websites, YouTube videos, blogs ...
Dec 22, 2023 · How the scam works. You see a product online that you want to purchase (shoppers report encountering this scam through social media ads .) You click on the link to the company's website, find the ...
Nov 13, 2018 · It’s a scam. The bottom line is the “Secret Sister” scam has all the hallmarks of a pyramid scheme. That’s why law enforcement authorities are warning Facebook users not to fall for this old trick. The way it works is that Facebook users run across a post that says that if they give a single $10 gift, other kind users — up to 36 in ...
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Are chain letters a scam?
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The Purpose of Chain Letter Scams. Chain letters have been around for a very long time. While most people believe that they started on the internet, this isn't actually true. Chain letters have been around for hundreds of years and have always been a huge pain in the butt. Types of Chain Letters. There are actually two different kinds of chain ...
