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The Better Business Bureau reports Facebook users are again being duped into an illegal pyramid scheme. It first made the rounds on the internet a couple of years ago but seems to come back every holiday shopping season. It goes like this. You’re asked to buy a gift for someone worth $10. Then supposedly your name gets added to some list to receive 36 gifts.

These pyramid schemes are illegal and were easy to crack down on when they were done the old fashioned way by postal mail. But investigators say with social media, these things spread so fast they can’t warn people in time. Facebook warns that putting your private information out there puts you at risk. And that risk is way worse than just losing the $10 you’re spending on that gift.

Snopes now reports since people are getting wise to the Secret Sister scam, they’ve renamed it as a Wine Exchange. Instead of a gift, they ask you to buy a bottle of wine. Same scam. They just want your personal information.

Fact Check: Does the "secret sister" gift exchange give a person 36 gifts for one $10 contribution?

Fact Check: Does the "secret sister" gift exchange give a person 36 gifts for one $10 contribution?Full Report: https://trib.al/S9lTVEP

Posted by snopes.com on Monday, November 12, 2018

Posted by Marc Charles

Marc Charles has worked in Radio since 2005. Marc has been active in media in Detroit, Ohio, Canada, and Florida. When he's not blogging for Money Talk Radio, he covers UFC. Follow Marc on social media @TheLegalManMarc & @TheOctagram.