The Better Business Bureau issued a warning alerting consumers of an illegal “Secret Sister Gift Exchange” scam that has been making the rounds on the internet this holiday season. It is a “typical pyramid scheme,” but it has been able to gain a lot of traction on social media during this season of goodwill.
More traction during this season of goodwill
“The Secret Sister Gift Exchange” invites participants to purchase a gift valued at $10 for a stranger, and claims that the participant will receive as many as 36 gifts from strangers in return. It also encourages people to invite friends to join. The BBB also said that gift chains like this are not only a scam, but are also illegal, and those who participate could be subject to penalties for mail fraud.
Read more about the scam at ABC News and BBB.