Blessing loom illegal. Many are trying to make extra cash by investing only $100.
Blessing loom illegal. The #FTC and the state of Arkansas sued the operators of a “blessing loom” investment program, alleging that it has operated as an illegal pyramid scheme that bilked tens of millions of dollars from thousands of consumers, and targeted African Americans and harmed people struggling financially during the COVID-19 pandemic. Unfortunately, these schemes have been on the rise and are finding their way into your inbox. Unfortunately, these schemes have been on the Apr 22, 2020 · BAKERSFIELD, Calif. Why are pyramid schemes illegal? 301 Moved PermanentlyThe document has moved here. com/business/2020/08/07/sou-sou-blessing-loom-illegal-pyramid-schemes/ my email wealthbuilders70. Sep 19, 2022 · Is blessing loom illegal? The Federal Trade Commission and the state of Arkansas sued the operators of a “blessing loom” investment program, alleging that it has operated as an illegal pyramid scheme that bilked tens of millions of dollars from thousands of consumers, and targeted African Americans and harmed people struggling financially … Was wondering if the "Blessing Loom" game is illegal in Iowa?DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. What is the difference via blessing Are private group, unpublicized blessing loom legal? Im in Nevada, the blessing circle is in Texas. But, at the end of the day, it’s all a ploy to get others to part with their hard-earned money in the hopes of earning more. I'd like to know your thoughts - please share! A blessing loom is just a themed pyramid scheme. Nov 22, 2024 · [unable to retrieve full-text content] Operators of "Blessing Loom" Scheme Banned from Multi-Level Marketing As a Result of Pyramid Scheme C Customer: In relation to the blessing Loom shared on social media by a legal assistant, I was under the impression that looms were illegal. The catches are you have to put 500 dollars back in from the 4k so really you get 3. Unfortunately, these schemes have been on the Oct 27, 2025 · A couple months ago, I was introduced into the world of blessing looms and detailed how this one specific blessing loom was an illegal pyramid scheme. Promoters often claim that their program is A couple months ago, I was introduced into the world of blessing looms and detailed how this one specific blessing loom was an illegal pyramid scheme. Illegal pyramid schemes take many forms. None8220;The Loom” or “Blessing Loom” is a money making venture that has been, digitally, travelling around the world for some time now. But unlike an illegal ble Is the Blessing Loom Scheme Illegal? Is the Blessing Loom a Scam? The short answer is yes. After she explained the process (which i am not sold on), I started thinking could her bank freeze her account for fraud. She was going to use the money to help pay down some of her $50,000 in student loans. However, every week another person below him gets to be on top and gets paid. Learn what a sou is, why it might not be worth your money, and get answers to common questions. Explore expert advice on the legality of blessing looms, also known as sou sou. The payout structure of the 2021 "Blessing Loom" program (left) is functionally identical to the 1980s airplane scheme The scheme resurfaced in 2020, conducted over Instagram and other social media platforms, going by a variety of names including Blessing Loom[6] and Loom Game. Here is a video from the group called Gift Legacy, she keeps saying that she needs 2 people only to invest 100 dollars. A “Blessing Loom” may sound like a highly beneficial program or even a sacred object. There are no products or services offered in exchange for the payment Why the blessing loom is illegal. Similar to the eight ball model, the Blessing Loom tricks potential investors by claiming to turn $100 into $800. Unfortunately, these schemes have been on the Is blessing loom illegal? FTC and the State of Arkansas Charge Operators of “Blessing Loom” With Running an Illegal Pyramid Scheme. The "Blessing Loom" is identical to the classic "Airplane Game", with a circular diagram obscuring the pyramid structure. what makes a sou sou or blessing loom illegal? At I keep hearing that it is an illegal pyramid scheme because there is one person at the top who gets paid by every one below him. Jun 17, 2021 · The Federal Trade Commission and the state of Arkansas sued the operators of a 'blessing loom' investment program, alleging that it has operated as an illegal pyramid scheme that bilked tens of millions of dollars from thousands of consumers, and targeted African Americans and harmed people struggling financially during the COVID-19 pandemic. We are legal and compliant. May 6, 2020 · Blessing Loom Chain Letter Scam The photo on this post is a copy of one of the posts used in this scam. (Getting a payout is referred to as being “blessed out”. A blessing loom pyramid scheme imitates an informal savings club called a --sou West Africa an small group, typically composed of friends and family, pool their money into a common fund ake turns receiving the payout. For the 10th generation Financial Advisor Jayson Thornton, CFP -- REACTS -- The Federal Trade Commission and the state of Arkansas sued LaShonda and Marlon Moore the operators of a “blessing loom” investment program, alleging that it has operated as an illegal pyramid scheme that bilked tens of millions of dollars from tho… Jun 23, 2021 · Blessing Loom uses an elaborate system of “blessings”, which are coordinated payments among members using different levels of “playing boards”. I believe the payments come in through a third party services like zelle, cashapp, venmo, paypal etc. Jun 16, 2021 · The Federal Trade Commission and the state of Arkansas sued the operators of a “blessing loom” investment program, alleging that it has operated as an illegal pyramid scheme that bilked tens of millions of dollars from thousands of consumers, and targeted African Americans and harmed people struggling financially during the COVID-19 pandemic. But it straight up sketchy, even if they say that it is 'Decentralised' or 'no money is taken by Gift Legacy', there is no explanation on how do they keep themselves affloat without money?? Also they convinced her they are Mormons but I don't see anything about this on their The Federal Trade Commission and the state of Arkansas sued the operators of a “blessing loom” investment program, alleging that it has operated as an illegal pyramid scheme that bilked tens of millions of dollars from thousands of consumers, and targeted African Americans and harmed people struggling financially during the COVID-19 pandemic. Year after year I have warned about the Secret 3. Aug 12, 2020 · Have you heard of the Blessing Loom movement? The Blessing Loom scam uses payments on Venmo, ApplePay and PayPal. 76 million and will be banned from operating Jun 29, 2021 · To make even more money, she paid for multiple places on the blessing loom board. Unfortunately, these schemes have been on the Customer: Are blessing looms illegal and if so why? Lawyer's Assistant: The Lawyer can help you determine if that's legal. com/business/2020/08/07/sou-sou-blessing-loom-illegal-pyramid-schemes/#comments-wrapper Jun 17, 2021 · The Federal Trade Commission and the state of Arkansas sued the operators of a “blessing loom” investment program, alleging that it has operated as an illegal pyramid scheme that bilked tens of millions of dollars from thousands of consumers, and targeted African Americans and harmed people struggling financially during the COVID-19 pandemic. 2K views, 47 likes, 34 loves, 66 comments, 35 shares, Facebook Watch Videos from Black Knowledge: OK, so here's how a sou sou works - it's NOT a blessing loom, those are illegal Jun 17, 2021 · The #FTC and the state of Arkansas sued the operators of a “blessing loom” investment program, alleging that it has operated as an illegal pyramid scheme that bilked tens of millions of dollars from thousands of consumers, and targeted African Americans and harmed people struggling financially during the COVID-19 pandemic. This is with Blessing loom program is an illegal pyramid scheme: Internet Scambusters #928 A "Blessing Loom" may sound like a highly beneficial program or even a sacred object. <p> Financial Advisor Jayson Thornton, CFP -- REACTS -- The Federal Trade Commission and the state of Arkansas sued LaShonda and Marlon Moore the operators of a “blessing loom” investment program, alleging that it has operated as an illegal pyramid scheme that bilked tens of millions of dollars from thousands of consumers, and targeted African Americans and harmed people struggling leaving newer members ble recoup their payments. Blessing Loom vs SUSU. Entering the system is by invite and May 1, 2020 · According to the "Blessing Loom" scam is sweeping the country through social media and some people are getting hooked in- and losing their money. Just a little googling shows that this is called the "Blessing Loom" and is a new scam this year that pretends to be a SuSu. This one is a straight pyramid scheme. None Is it illegal to be a part of a Sou Sou group in the state of Maryland? This isn't a Pyramid scheme. Can it work? Jun 16, 2021 · In a sou sou, a small group, typically composed of friends and family, pool their money into a common fund and take turns receiving the payout. However, like all pyramid schemes this scam depends on continuously bringing in a growing number of new participants. Oct 27, 2025 · A couple months ago, I was introduced into the world of blessing looms and detailed how this one specific blessing loom was an illegal pyramid scheme. She claimed white people knowing about it would be dangerous and that telling them will harm black people. It is the purest form of an illegal Pyramid Scheme. This group is not considered a lottery or game of chance as the odds are secured, everyone does get gifted they just do not know when Nor whom will be the Jun 8, 2022 · – Greg Kyte The Blessing Loom scam exemplifies pyramid schemes because people weren’t trading any product or service in exchange for money. 5 16. " Many victims are older and more trusting because of their familiarity with the legitimate sou-sou. Sep 21, 2020 - Why the blessing loom is illegal. After all, 15k does exceed the banking security act. This is a blessing loom style pyramid scheme and it is illegal in North Carolina. This group is not classified as a lottery or game of chance since the odds are secured; everyone does receive a gift, but they do not know when or who judges, lawyers, doctors, teachers and financial advisors participating in a software based illegal blessing loom you must bring 2 people into the blessing loom in order for it to work Illegal Pyramid Scheme reminder: "The Loom" HOW THE 'LOOM' WORKS. May 21, 2020 · Also known as the “Mandala Game,” “Blessing Circle,” “Infinity Loom,” “Giving Circle,” and by other names, the scam is a chain letter-type of pyramid scheme. 45K subscribers 480 17K views 4 years ago Is the Blessing Loom Cash App Money Circle A Scam? more Feb 25, 2021 · Invited to join “The Circle Game” or a “Blessing Loom”? Don't fall for these fake savings plans. Sep 15, 2020 · AG Warning: The Blessing Loom is an Illegal Pyramid Scheme Alaska AG Office Press Release Sep 15, 2020 Nov 23, 2016 · It's called the 'blessing loom,' most commonly you can join a group, there you'll find information on how to pay and a chart is commonly used with names of people participating. I will be happy to assist you with your questions. Dec 8, 2016 · The “Blessing Loom” calls for consumers to pay $100, typically into a PayPal account, and then find others to do the same. Highly illegal in the US. The long answer is also yes, because it is a pyramid scheme. A new participant will be asked to join a “Blessing Loom” by providing a gift, blessing, or investment of anywhere from $100 to $1,500. Im trying to see what makes a blessing loom illegal I met a girl online and she started sending nude videos so I sent one back now she is threating if I don’t pay 1,750 she What charges am I looking at if I took pictures and video of Pyramid schemes, including notorious forms like the Airplane Game and illegal outfits such as the Blessing Loom, often entice individuals with the alluring promise of rapid financial gain, yet they invariably collapse, leaving participants in a state of financial disarray. Hello, my name is ***** ***** I am an attorney. Aug 10, 2020 · This way of saving is based on the honor system, and it is not without risk. The operators of a “blessing loom” investment program that targeted African Americans and people struggling financially during the Covid-19 pandemic are banned from the business of multi-level marketing as a result of enforcement actions taken by the Federal Trade Commission and the State of Arkansas alleging the operation of an illegal Nov 9, 2020 · LITTLE ROCK — Arkansas Attorney General Leslie Rutledge said Tuesday that a crackdown is underway regarding illegal pyramid schemes organized and operated in the state. Jul 26, 2023 · “The FTC’s settlement permanently ends an illegal pyramid scheme that targeted Black communities with false promises of no risk substantial income,” said Samuel Levine, Director of the FTC’s Bureau of Consumer Protection. Sep 15, 2020 · Press Release The Blessing Loom is an Illegal Pyramid Scheme September 15, 2020 (Anchorage, AK) – The Alaska Department of Law warns Alaskans not to participate in a growing pyramid scheme called “The Blessing Loom. Customer: Maryland but the blessing loom is in FL Lawyer's Assistant: Anything else you want the Lawyer to know before I connect you? Customer: what is the difference via blessing looms and Sou-Sou? Scammers are using the word sou-sou to lure consumers into illegal pyramid schemes like "The Circle Game, Blessing Loom, and Money Board. How do I create an email group in chains? How to Create a Group Email in Gmail Quickly 301 Moved PermanentlyThe document has moved here. Sep 20, 2021 · Pyramid schemes like the 'Blessing Loom' are illegal—here’s why Usually framed as a “business opportunity,” pyramid schemes are illegal, get-rich-quick schemes that ask you to pay money upfront and then recruit others to join the scheme so you can you get a big payout. Im trying to see what makes a blessing loom illegal What charges am I looking at if I took pictures and video of I met a girl online and she started sending nude videos so I sent one back now she is threating if I don’t pay 1,750 she The Federal Trade Commission and the state of Arkansas sued the operators of a “blessing loom” investment program, alleging that it has operated as an illegal pyramid scheme that bilked tens of millions of dollars from thousands of consumers, and targeted African Americans and harmed people struggling financially during the COVID-19 pandemic. To read a copy of the settlement, click here. The scheme known as ‘Blessing Loom’ involves a group (the ‘loom’) where each person pays an entry fee to join. . This scheme has a circular structure, as increases in new recruits pushes individuals closer to the center of the circle, hence the "Loom" in the name. Aug 23, 2024 · While a Blessing Loom may be shaped like a circle, it’s essentially just window dressing for a pyramid scheme. Are private group, unpublicized blessing loom legal? Im in Nevada, the blessing circle is in Texas. Jul 26, 2023 · The Prosper DJ and his wife who orchestrated a “blessing loom” pyramid scheme that targeted the Black community have been ordered to pay $10. https://www. Jul 7, 2022 · Can you go to jail for blessing loom? Blessing loom program is an illegal pyramid scheme: Internet Scambusters #928. Apr 26, 2020 · The Blessing Loom is the online version of the classic chain mail scam. com | By Amarakhan FlyingEagle The Blessing Loom Scam or Scheme is a form of fraud in which belief in the success of a nonexistent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors. For the initial 8 on the outside of the “loom” to receive their payout, each has to recruit 8 people, those 8 have to recruit 8 individually, and the eight they recruit have to recruit 8 more each. Sep 25, 2020 blessing loom equals illegal ‘pyramid promotional scheme’ felony in Texas Sep 24, 2020 you must bring 2 people into the blessing loom in order for it to work Nov 22, 2016 · News Seen Blessing Loom on Facebook? Money-making scheme is a bad risk and likely illegal Published: Nov. 5k and I think the other catch is your are suppose to find two more people to join in to this Illegal pyramid schemes are on the rise during the pandemic! Washington Post | https://www. In a sou sou, a small group, typically composed of friends and family, pool their money into a common fund and take turns receiving the payout. Jun 17, 2021 · The Federal Trade Commission and the state of Arkansas sued the operators of a “blessing loom” investment program, alleging that it has operated as an illegal pyramid scheme that bilked tens of millions of dollars from thousands of consumers, and targeted African Americans and harmed people struggling financially during the COVID-19 pandemic. ” The scam is currently believed to be operating in multiple communities across the state. That is a recruitment of 4,096 people for the initial group (that paid in) to receive their pay out. Each participant is required to recruit two new members, and promised an eightfold return. Section 206 (e) of the criminal code refers to lotteries and games of chance. Y'all be careful with your money, hear? The feds are asking people to report those My roommate just asked me if I wanted to join the 'church thing' that is only for friends and family to join in (only people you trust). The operators of a “blessing loom” investment program that targeted African Americans and people struggling financially during the Covid-19 pandemic are banned from the business of multi-level marketing as a result of enforcement actions taken by the Federal Trade Commission and the State of Arkansas alleging the operation of an illegal Jul 26, 2023 · Blessings In No Time was a “blessing loom” investment program that targeted African Americans and people struggling financially during the COVID-19 pandemic. But unlike an illegal blessing loom, members in a sou sou are not promised they will earn interest, are not promised more than they pay in, and are not rewarded for recruiting new members. 22, 2016, 9:03 p. This is absolutely a Ponzi Scheme. So, it’s not surprising that scammers are pitching fake sou sou savings clubs and opportunities like “The Circle Game,” “Blessing Loom,” “Money Board”. To put it short: one is invited, usually by a friend or relative, to join a simple, circular, money making system. Where are you located? These laws vary by state. m. 0:00 Intro to the Blessing Loom 2:00 The Federal Trade Commission Warning about the Apr 21, 2020 · The “Money Circle” has recently popped up here locally on Facebook. Here's an article for people interested in avoiding it. Aug 7, 2020 · Illegal pyramid schemes are on the rise during the pandemic A chain-mail solicitation by any other name, ‘blessing loom’ or ‘sou-sou,’ is against the law, officials say Are blessing looms illegal and if so why? Maryland but the blessing loom is in FL. The Expert above is not your attorney, and the response above is not legal advice. This was shared by a legal assistant. Some have products attached, but many don’t. They said that you put in $500 and a month later, you get $4,000 dollars back. Can you go to jail for being in a pyramid scheme? Recruiting Customer: Hi. washingtonpost. @gmail. Jul 1, 2021 · The FTC and Arkansas have sued the operators of a “Blessing Loom” program, alleging that it is actually an illegal pyramid scheme. Apr 21, 2020 · Are you tempted to play the “Blessing Loom,” or jump on a “Money Board”? These are some of the names for an online scam that’s making the rounds. New name, same scheme The most common form of current pyramid schemes has many names: Blessing Wheel, Circle Game, Blessing Loom, Christmas Wheel, Snowflake Blessing, Cash App Wheel, Cash Wheel, and others. A blessing loom is illegal because it is a type of ponzi scheme that is a common scam. In this video, I will be discussing the legality of the blessing loom. Now don’t get angry with me. ) Participants start by contributing money to complete the first level, then are required to recruit new members to keep the game moving. As more people join the loom, the original members get payouts from the money of the new members The 'Loom' scheme asks participants to buy in with $100. … It’s a pyramid scheme and a scam that could draw you into an illegal involvement, which could, in turn, land you in jail. One day, he was on one of his social media platforms and noticed an old scam has resurface, the ‘Blessing Loom” scheme. This article delves into the intricate dynamics that drive these schemes, examining their economic framework, recruitment Aug 9, 2020 · Sherri Shepherd Aug 9, 2020 If someone you know is asking you to join a "Blessing Loom," "American sou sou" or "gifting circle;" you should probably be aware that it's illegal and authorities are investigating them! Jawn Murray Aug 9, 2020 That "sou-sou" or "blessing loom" is an illegal pyramid scheme. Eventually everyone gets paid. Are the blessing loom and the su su the same thing? How does the blessing loom work? How does the su su work? The blessing loom goes b In a sou sou, a small group, typically composed of friends and family, pool their money into a common fund and take turns receiving the payout. Kiffany Cody from Georgia, the daughter of Carol promoted a pyramid scheme while she knew it was illegal. That "sou-sou" or "blessing loom" is an illegal pyramid scheme. 0:00 Intro to the Blessing Loom 2:00 The Federal T Customer: In regards ***** ***** blessing Loom on social media. The odds get far worse from there. Please note that our discussions on this site are for general information purposes and do not create an attorney-client relationship. In theory, once the outer circle of the loom is filled the person in the middle gets all the investments Jun 17, 2021 · The type of scam they are accused of is described by investigators as a gifting circle, a blessing loom or an illegal take on a sou-sou, or informal savings club. Rutledge said lawsuits … The “Money Circle” has recently popped up here locally on Facebook. Jun 18, 2021 · The Federal Trade Commission and the state of Arkansas sued the operators of a “blessing loom” investment program, alleging that it has operated as an illegal pyramid scheme that bilked tens of millions of dollars from thousands of consumers, and targeted African Americans and harmed people struggling financially during the COVID-19 pandemic. In a Blessing Loom, someone will promise their victims that they can exponentially increase their initial ‘investment’ if they just recruit new people into the ‘loom’. (KGET) – Chris Hall is a Bakersfield native. As part of the settlement, the Moores are banned by the Federal Trade Commission from operating a multi-level marketing business. Some people may have contributed “blessings” for altruistic purposes, but the return-on-investment structure functioned exactly like a pyramid scheme. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. Apr 20, 2020 · Maybe you've seen the “Blessing Loom” posts pop up in your feeds, asking you for money, and promising much more in return. Hall has bee… Nov 23, 2016 · local Social media trend 'blessing loom' is an illegal scam It's a social media trend that has taken over for the holidays, again. I thought looms were illegal? WE ARE LEGAL AND COMPLIANT Section 206 (e) of the criminal code 1) refers to lotteries and games of chance. But police say it's illegal if you participate. Consumer Protection. “While defendants guaranteed wealth, they delivered only losses for almost all participants. Each Oct 27, 2025 · A couple months ago, I was introduced into the world of blessing looms and detailed how this one specific blessing loom was an illegal pyramid scheme. The Federal Trade Commission has announced that the Commission and the state of Arkansas have filed a joint complaint against the operators of a “blessing loom” investment program, alleging that it has operated as an illegal pyramid scheme that bilked tens of millions of dollars from thousands of consumers, and targeted African Americans A friend of mine recently joined a sou-sou and made 15k in two weeks. Many are trying to make extra cash by investing only $100. You should not Apr 22, 2020 · 'BLESSING LOOM' SCHEME IS ILLEGAL: “If you look it up, California Penal Code, Section 327 covers some of this endless chains scheme,” said Bakersfield Apr 6, 2021 · A couple months ago, I was introduced into the world of blessing looms and detailed how this one specific blessing loom was an illegal pyramid scheme. nuf4tr2nuvj0vyvxuajkfgj2wv5ttmsgocvcx0