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

Secret rules on what Facebook allows you to post have been revealed

And it's a pretty confused state of affairs

by Dave Fawbert
22 May 2017

Stephen Hawking reckons we only have 100 years left on Earth

Anyway, happy Friday!

by Tom Mendelsohn
19 May 2017

Watch a young Mark Zuckerberg discover he's got into Harvard

His dad is a lot more excited than he is

by Tom Mendelsohn
19 May 2017

Nintendo have removed a gesture deemed to be offensive from Mario Kart

Up yours, Yoshi

by Matt Tate
18 May 2017

This is rumoured to be the iPhone 8's finished design

Bye bye bezels (maybe)

by Matt Tate
18 May 2017

We might be about to get smartphones that charge fully in five minutes

An Israeli start-up claims it's going to go into production next year

by Tom Mendelsohn
15 May 2017

Someone has invented a sex doll that flirts with you

Presumably it murders you in your sleep, too

by Gary Ogden
15 May 2017

We really want someone to make this 8-bit Last Jedi game

The force is retro with this one

by Matt Tate
12 May 2017

This is how to be a really great photographer, according to Apple

It's all in the little details

by Matt Tate
12 May 2017

A full version of 'The Sims' is finally coming to mobile

Shapalapa dang do kazoo, which is Simlish for "that's good isn't it!"

by Matt Tate
11 May 2017