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Little Bernie Madoffs Abound on the Internet -- BBB Warns Cash Gifting Pyramid Schemes Flourishing Online
Online promotions promising easy wealth by joining a cash gifting program or gifting club are flourishing on the Internet. With many families struggling to make ends meet in the current economy, Better Business Bureau warns that cash gifting is not a legitimate way to make a few extra dollars, and in fact, is nothing more than a pyramid scheme.
Recession Putting Consumers At Increased Risk of Being Duped by Pyramid Schemes
With nearly a third of Americans saying the current recession has made them more likely to consider a home-based business offer, consumer advocates have issued a warning that fraudulent pyramid schemes disguised as legitimate business opportunities are posing a greater threat than ever to consumers' wallets and financial health.

Page Last Reviewed or Updated: May 16, 2013