Jump to Main ContentJump to Primary Navigation
Top

This Christmas Facebook scam is fooling America – don’t let it get you too

secret-sister-exchange.jpg

It might still be November but it hasn’t stopped a legion of feel good ads Coca Cola trucks trickling into our day-to-day lives to tell us Christmas is coming.

Like it or loath it, ‘tis the season for giving. Or, if you’re an internet fraudster, the season of taking things from the gullible.

Currently fooling our Facebook using pals from across the pond, the ‘Secret Sister Gift Exchange’ scam is an elaborate pyramid scheme that boasts that it will give users 36 different gifts for just £6.50.

The chain letter requires you to send $10 or £6.50 to other users and then ask six other people to do the same. The complex set-up for the scam is a classic illegal pyramid scheme that whilst genuinely being beneficial to some, is mathematically unsustainable.

Meaning more recent additions to the scheme will receive less rewards than those present from the beginning.

According to the US Postal service:

“The people at the top of the ‘pyramid’ benefit most and might actually receive the items promised.

“However, for everyone to receive what they’ve been promised, each layer of the pyramid must attract new recruits. It’s mathematically impossible to sustain.

“Consider a typical pyramid that involves six individuals in the chain. By the time you’ve reached the fourth level of participation, nearly 1,300 recruits must be on board.

“Upon reaching the sixth level of participation, you’d have to attract more recruits than could be seated in Chicago’s Wrigley Field.”

Which basically means – if you’re asked to join the present giving plan, say no unless you take great pleasure from being take advantage of by internet fraudsters.

[Via: Metro]

Related

Winning-Kid.jpg

A Man Has Been Responding To Spam Emails And It’s Brilliant

rexfeatures_1538428c.jpg

Cyber Criminals Are Blackmailing People Through Wikipedia – Here's How

Tinder-Chat.png

Are You An Online Dater? You Might Have Been ‘Catfished’

Comments

More

The only Vines worth preserving

The most important cultural artefacts of our time

by Tristan Cross
17 Jan 2017

Hurrah: The Nintendo Switch now has a price and release date

Here's everything you need to know about the new console

by Tom Fordy
13 Jan 2017

The best underwater photographs of 2016 are staggeringly beautiful

Aquatic snaps that made a splash

by Dave Fawbert
12 Jan 2017

Using Google Maps actually does ruin your sense of direction

"Make a U-turn where possible"

by Dave Fawbert
11 Jan 2017

Netflix releases 8-bit game featuring Narcos and Stranger Things

Goodbye, productivity.

by Emily Badiozzaman
10 Jan 2017

The original Game Boy is coming back

Time to dust off your Pokemon Red & Blue cartridges

by Jamie Carson
10 Jan 2017

Watch Steve Jobs launch first iPhone 10 years ago

Today marks 10 years since Steve Jobs presented the world with this iconic product, but it could have been so different

09 Jan 2017

The best gadgets to launch at the biggest tech conference in the world

Christmas 2017 can't come early enough

by Joe Ellison
05 Jan 2017

This is why hitting the snooze button is bad for your health

If you snooze, you really do lose

03 Jan 2017

16 best fitness gadgets to help you get into shape for 2017

Gadgets to get your sweat on with

by David Cornish
03 Jan 2017