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We are all bored during the coronavirus pandemic and stay-at-home orders, and there was a nice $1,200 stimulus check dropping into accounts across the country. That has been a perfect storm for “Blessing Loom”, a popular pyramid scheme that is resurfacing.
During the coronavirus, Blessing Loom is popping back up on social media with the promise that you can easily flip $100 to $800.
Of course, the scheme relies on recruiting people to join your private “group.”
The person in the center of the group gets all of the “entry fees” from new members. Once all of the places in the group are filled, everyone is bumped up one spot. Of course, eventually people run out of others to recruit so those who pay their $100 to enter are left without any money and the knowledge that they gave $100 to a stranger. Sucker.
Here is a breakdown of how the scheme works.
So make sure you are not fooled.
The coronavirus mainly comes from animals and a majority of those who were infected early either worked at or frequently visited the Huanan seafood wholesale market in Wuhan, according to The Guardian. The virus is similar to Severe acute respiratory syndrome (Sars) and Middle Eastern respiratory syndrome (Mers).
The Wuhan coronavirus is transmitted from person to person through “droplet transmission.” That means an infected person can pass the virus by sneezing or coughing on another person as well as by direct contact.
While a majority of the cases have been detected in the United States and China — with more than 41,000 deaths in the United States — it has now reached many countries around the world. It has also been confirmed in Italy, Australia, Canada, France, Germany, and many other eastern countries.
