FACEBOOK HOLIDAY GIFT EXCHANGE IS A PYRAMID SCHEME

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As the holidays approach, be wary of social media scams involving gift exchanges. Rebecca Havely unwraps more details…
Don’t allow scammers to dampen your holiday spirits. Be wary of online gift exchange offers. If you get a status update from a friend that says they’ve joined a Secret Holiday gift exchange, promising upwards of 30 gifts if you join, it’s probably a pyramid scam. In fact, these types of exchanges are considered a form of illegal gambling by the government. So, the only gift you may end up with is legal troubles. If receiving an unknown gift seems thrilling to you, set up a gift exchange with friends and family outside of social media.

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