During the coronavirus, many people have been scrolling on their social media accounts out of boredom since many businesses are closed, and stay at home orders are still intact. As people are scrolling on social media, there have been many individuals who have come across the pyramid blessing loom scam on their newsfeed. This scam is bad news and makes many people lose out on their hard-earned money.<\/p>\n[aesop_image img=”https:\/\/socialcatfish.com\/scamfish\/wp-content\/uploads\/2020\/05\/My-Post-14.jpg” panorama=”off” imgwidth=”100%” offset=”100%” align=”center” lightbox=”on” captionsrc=”custom” captionposition=”left” revealfx=”off” overlay_revealfx=”off”]\n
Someone posts a picture of an octagon on their Instagram or Facebook with a center and many other places where people put their names. They then send the organizer 100 dollars a piece to enter into what they think is a game, where the winner wins $800. These contestants think they are helping bless random people that need the money, but really they are joining in a scheme where the organizer takes all their money.<\/p>\n
According to the BBB<\/a>, this $100 is then sent via Venmo, PayPal, or another digital payment service, and then you wait for your name to enter the center of the circle so you too can win $800. All that’s left to do is to recruit more people to also play in the pyramid blessing loom, which means luring more people into the scam.<\/p>\n However, once the amount of people runs out, so does the money which leaves a lot of people without the money that they invested in this “blessing” loom. The “blessing” loom then turns into a “disappointing” loom as people are left scammed without their hard-earned money.<\/p>\n[aesop_image img=”https:\/\/socialcatfish.com\/scamfish\/wp-content\/uploads\/2020\/05\/My-Post-15.jpg” panorama=”off” imgwidth=”100%” offset=”100%” align=”center” lightbox=”on” captionsrc=”custom” captionposition=”left” revealfx=”off” overlay_revealfx=”off”]\n If you think that you’ve been scammed out of your money to something similar to the blessing loom scam, Social Catfish<\/a> is here to help! We can reverse search<\/a> most information that you receive from the suspected scammer, including the picture that they claim is them, name, email address, phone number, and username that they use on their social media profiles.<\/p>\n5 Ways to Avoid This Scam<\/h3>\n
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