Sunday, November 20, 2016

"Giving Circle".."Money Looms"...SCAM!!!! RUN!!!

It's the new hot tread and its all over Facebook.... 

'"Need extra cash??? Wanna get paid $800...

Black Friday is in a week and do you really wanna struggle on making that car note or rent payment..
Hop on the money train...all you need is $100, a PayPal account, and the WHATS APP...
Let me know if you're interested in joining the team!!! The money is moving fast, don't miss out..."

Seriously guys! I hope you instantly thought to yourself, “That’s a scam!” We all know it, and most of us have learned the hard way... If it's too good to be true, it probably is!

But people still join them and do you know why?! Its because THEY ARE LAZY and WANT A FAST MONEY. Do you know what happens when you are lazy and want fast money? You get SCREWED and no money!

The person trying to "help you in the group" tells you that they help each other attain additional funds for whatever...right now its for Christmas Shopping. And of course they explained that it is not illegal. And how it's just a simple way to give gifts of money and in the end have that gift returned to them with a much higher value than you had originally 'gifted'.

These gifting circles induct women into the group for a specific amount of cash, as high as $5,000. The groups are made up of 15 women, called a circle, but of course it’s a pyramid. Eight women on the bottom layer, then four, then two, and one at the top. The woman at the top collects $40,000 when the bottom level is filled, which happens when each of the eight newest initiates give her a $5,000 “gift.” Once she gets her "gift", she leaves the group, which splits in two. Remaining members move up a level, and both groups start looking for new members.

They’ll need 16 to pay out the new woman at the top. If by some miracle 16 new people are found, 32 more will be needed. To get to your line, 64 more will need to be found. For every one of those 64 people to get their cash back, another 1024 women will have to buy in. See where I’m going with this? It collapses, usually after one, possibly two rounds of payouts.

That woman at the top? She’ll be telling you all about how you got in early. You didn’t. While the person trying to bring you in might be a friend, the leader cashing in is a career con artist. However, in very rare cases, the circle might run through paying three or four individuals. There’s potential for subsequent women getting their “gifts” to have been ignorant of the crimes they’re committing. But authorities say that’s very rare simply because so few people ever get paid. Nine out of ten women lose their entire investment. The leader cashing in is not naïve to what she’s doing.

They are fraudulent. They are illegal. 90% of the people who “invest” in them will lose their money.

And when you lose your money? The two friends you invited to participate in the circle will lose theirs too.

Even if you get in early enough and manage to cash out – left in your wake will be a whole bunch of women who lose their “investment” – and the longer it goes on, the more people will lose.

Do you really want to be a part of that?

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