This "Blessing" Scam is a Pyramid Scheme
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- Опубликовано: 8 дек 2020
- Blessing scams are being found on social media from the ease of adding recruits and the trust that people have in their friends and family.
The BBB is warning social media consumers of these pyramid schemes because of the inability for people to analyze the schemes when invited by friends and family.
The scheme is simple: bring a monetary GIFT to the group AND recruit two more people when you join.
A pyramid scheme is when previous investors are paid with money from recruiting new investors. No matter how you want to label the gift, the reward is money and the prize is paid for from the new recruits. This makes this opportunity a pyramid scheme.
There is no investment, there is no business, there is no way of generating money, yet somehow people are walking away with $11,200 from the pot after inputting only $1,400. Where exactly does the money come from?
In this video, I breakdown an invitation webinar for one of these new blessing loom scams that are becoming prevalent throughout social media.
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When you have to justify that your business is not a scam, it is a scam.
Facts my friends wanted me to join something like it, I signed up for it and refunded immediately 😂
True 😂😂
@kardashian 1 Go promote your channel in FOX News comment section. You might do well there and might as well gain some followers. Stop annoying us here
@@San_Deep2501 I was gonna read your comment, but if you paypal me $5 I can read your comment.
@kardashian 1 where’s your videos or was that just a bait comment?
I bless everybody with common sense to avoid this scheme
Mixing religion and money is always a slippery slope
But it works if people think God is blessing the arrangement. Smh
Vatican City seems to have done well out of it.
@@8G00SE8 As a Catholic, I am very much of two minds about that
@@leyenda6149 exactly what I was gonna say....
@@leyenda6149 if you research what the Catholic Church teaches compared to what the Bible has to say you’ll see that the Catholic Church is a false church just like the Mormons.
Jesus Christ, 17,000 people pay $500 each?? That's the fastest way to $8,000,000 I have ever heard of.
and they each pay $1,400 when they enter the "circle"...$$$$$$
@@SpencerCornelia 😱😱😱
Yea dont think jesus would be happy with a money changing racist to " bless" me
Your a savage 😂
Yeh mate, I have a group you can join and I’ll teach you how to avoid these scam groups. Just pay $999 to enter, also invite all your friends so they can be aware too 😉
$100 to $800 is a Pyramid scheme. But $100 to $700 definitely isn’t a Pyramid scheme. Wow
Like duhh... it’s not like you make $800 lol it’s only $700
duh man you heard of blessings before???
I guess you have to draw a line somewhere
This video is why I became a new sub and embarrassingly have to admit that I participated in a scheme exactly like this. Not only did I participate but I convinced 7 of my family members to participate as well. If it was just me I could take the loss and the lesson and keep it moving. This has caused a lot of damage between me and my family because I asked them to trust me and it was on the premises of a blessing. Needless to say we are all still waiting to be blessed. I am so sorry we ever came across the scam and that I involved them in it. Beware! 😢
I’m sorry that happened to you dear and don’t always beat yourself up over it, okay? We are human and human life is complicated and hard. Besides, these scammers literally play on your unconscious emotions and hopes, fears, pain, etc to manipulate and rob... it has nothing to do with someone being dumb or anything.
I hope your family aren’t angry at you forever if you apologized and did your best to make it right however little you can.
Peace - Salam alaikum
Everybody will get scammed in their lifetime, big or small just keep pushin’
If you cared you would pay them back the money they put up based on trusting you.
We all have... don't feel bad
It happens. No one prepares you for being the victim of a scam. When your desperate you'll try anything. Spencer's videos hopefully will educate enough people that these scammers will have less and less people to scam.
"commit to the process"
-Scammers in 2020
Mike Winnet can use this phrase in his contrepreneur bingo
I remember being approached by one of my friends about this “blessing” ...needless to say, you’re reading this because I did not take up this awesome opportunity.
A friend mentioned it to me, but I smelled a rat, immediately. It just didn't sound right.
Same here. Didn't take up the offer. Didn't seem right.
I wanted to help my friend, but NO.
A couple days later, the local police put a warning that a 'pyramid scheme' was in town.
Cause they are illegal.
That wasnt your friend lol
@@martinwashington1007 don't assign to malice what can easily be described by ignorance. You saw how manipulative this man was. A lot of people who are easily manipulated will reach out to their friends and family about this "opportunity" because they do care and they actually think they're doing a good thing to help out the people they care about.
Possible, it's always best to try to educate these people instead of letting them get sucked further into the scheme.
I just finished watching this video right now and I loved it I think you broke it down beautifully
thanks buddy
@@SpencerCornelia nope you don't understand how the Blessing circle works.
@@CB-ly4uj It is the pyramid scheme... IN 3D!
I ALMOST FELL for this with someone from my church. I Legitimately don’t think they realised that it was a scam but they were selling hard and it makes sense as to why now. The only reason I didnt sign up is that because I’m an actually loner and have social anxiety and the idea of having to recruiting anyone is my worst nightmare
This is a very common scam among military personnel, I had a bunch of sailors on my ship(I’m in the navy btw) doing this scam thinking they will end up 800$ but they only ended up 100$ short
I have a friend in the NAVY and he told the one he is in works fine. He says they collect $13,000 US and he says only serious military are in it. Sometimes it works. It was too rich for my blood so I stuck to the 100 800 and got my money and never looked back
@@Ricardo-kz6mf did u watch the video?
Even if some lucky people get it eventually it collapses. So no it does not work.
@@frieda8956 not for the majority but it does work out for some people.
Some people get paid and others lose money and trust for their friends and family.
@5:17 - Rule 106 of the internet: When asked not to record something, record that thing through at least two different sources.
“Where else will you get 700% return on your money?”
-Tesla stocks
Facts get some leaps
@@kodakblack1069 Theres a guy on wallstreetbets on reddit that optioned 500$ worth like a year and a half ago and it's worth 1million almost exactly. 200000% gain
@Justin All Yes! I did see that video! Props to him and hope he is financially mature to mange and keep growing it!
@@kodakblack1069 that wasn't his only good call. He had another 4 mil in a couple others.
@@justinallmaras2341 460 to be exact
The real messed up part is that many of these people don’t know one another, so the “winners” could just be the chief scammers hiding behind different names. They know it’s not going to last long. They just want to hit quick and dip. That’s some heartless 💩
I remember this scam catching multiple members of my gym perhaps 15 years back. Disgusting.
500 dollars of forced “gift” to join, wow what a “blessing”
The wheel thing looks just like a top-down pyramid.
Lol yup aerial view
Lmao
Omg, it does. I like that out of the box revelation, I really like this comment bro
I'm from Australia and I got caught up in a game like this25 years ago. It was called the airplane game and if you were the pilot you would fly. If you were a pilot you had 2 co-pilots then 4 cabin crew and 8 passengers. It was the same scam with a different name
Explain more please. Thanks
USA
@@ricolewis2949 exactly like the blessing scheme described at 6 minutes in. Instead of the earth Zone the fire zone and the water Zone Etc. The pilot would be the water Zone and then the other levels out from there. Literally the exact same thing as this
I remember that scam took in a lot of people from the USC Business School. This was back in '83.
He had me @ “the lord” 🙄 using the oldest trick in the book, religion 🙄
I love the content. Earlier this year I was DM’d by someone I went to High School with who wanted me to join the Cashapp scheme which has the set up. This was turning $100 into $800. I know a lot of people who got burnt by that. They preyed on low income people in the middle of a economic recession which is scummy.
My friends a year ago asked me get into this scheme I told him it's a scam didn't listened and ended up in a fight with someone who told him about this and all of this went to police station where he did got his money back but after 5 months and ofcourse no interest or whatever
Was it iml
@@rasheemthebestfirstone3274 I don't know but they also had this gift the community type of scam they said 2000 to 8000 in 1 week 😂
@@randomrendered1856 damn lol hell nahhh
The best way to tell something is not a scam is when they go on a lengthy explanation why it's not a scam
Basically
"You gotta be that kind of sucker, er, I mean, *selfless* person."
That 'blessing circle' diagram is literally the top down view of a pyramid...lol
He said ordained 😔😔😔 I got pitched by someone who I truly love and trust. I quickly declined and I prayed for him to remove the wool from his eyes.
ugh why aren’t these guys getting sued? Are there no repercussions for doing this?
Local prosecutors have declined these cases but many have published warnings about these schemes in the paper. Besides, civil....anyone who falls for this cant afford the cost associated with the filing a case in court.
That’s why they call it a gift. To avoid legal repercussions.
One of my relatives told me about this and said I should check it out....I took a glance and my wife was like "that's a pyramid scheme"....they tried to defend it....after a small explanation I laughed even harder and said "your right...its not a pyramid...its a ponzi scheme"....they were embarrassed to the point that they didn't invest they're money...this was one of the only times I was proud of bullying someone 🤣😅
There was a period earlier in the summer when these schemes were floating around in Twitter/IG DMs because they didn't want to get caught. It's highly unfortunate to see people continue to prey on the desperate and also witness people refusing to see the truth of what they're falling into. As a Nigerian, I grew up with sou-sous and it's literally like giving your group leader your money to hold for a rainy day. That's it! Nothing like this at all :(
I never understood sou sou’s. My mom was in one when I was a kid and when she explained it to me I literally asked “why don’t you just put the money in the bank.. won’t it be the same thing?” Over 30 years later I never got an answer from her.
@@uptown710i guess the good thing is that because the “leader” is close to the community, they might take good care, unlike most banks that don’t really care about losing your investment. Bad side is that they could just run. A lot of old banks started this way
He was so convincing sounding about the explanation that I almost believe he believed it. Spencer, nice job breaking down a ponzie scheme.
Huge Thank You to the Patreon supporters of this channel. If you get value from my videos and would love to help out, here is the link to my Patreon: www.patreon.com/spencercornelia
Thank you for making this video Spencer, a friend of mine was trying to drag me into this Shit,I am currently still trying to tell him it's a pyramid scheme but my words seem to fall on deaf ears,I just sent him your video,hope he has enough sense to see what is in front of him.
Did he already invest the money?
If it's too good to be true it probably is.
"Start investing in yourself by GIVING ME MONEY!"
"Accept this amazing job by PAYING for it!"
"No skills required, just a pc and 5 minutes a day!"
"It's all about the positive mindset, bruh, you gotta BELIEVE!"
Please... when you decide to scam people PLEASE leave God and your “divine revelations” out of it 😂🤦🏾♂️
Why this god is the key...
God is the biggest scam of all time
It is the best way to do it, the Church and other religious institutions are doing it for centuries.
@@smh1245 Outside of megachurches most churches use the money they get to help their local communities out.
@@smh1245 the catholic church invented the modern hospital btw
Love how he uses his wallpaper to support his "us minorities against the world" point
That is f#*d up. He is the worst kind of human.
👇 Bless Cornelia button
I was trapped in a pyramid scheme once...I got out early. Thank God. The fact that this man is praying on the black and brown communities makes me sick. Thanks for making this video. The fact he wants to keep it private is a huge red flag. If it is such a wonderful thing, why wouldn't you tell everyone about it?
I was here at 3k subs. Nice to see you blowing up.
i'm gonna start a pyramid scheme and tell everyone that's definitely a pyramid scheme but we're still early enough in the pyramid that if you join now you'll get huge returns.
I'm legit thinking about this too
Huge returns
I almost fell for a Ponzi scheme, but it was life insurance. I only lost $30 at the time, but after attending one of the first meetings I knew exactly what it was. I was young and desperate to make money after losing my job. That was over 10 years ago. Even though I am considered fairly intelligent by my friends even smart people can fall for these scams.
Great video again Spencer! Thank you for doing what you do! Can you make more about successful business people and companies and why they work and succeeded! Also love the music industry videos would love to see the stories about those who make it out of their deals and are able to capitalize on their own careers. Much love !
You're running a scam when you have to convince people that it's not.
Almost 100k subs my guy keep going keep hustling lets goo!!!
Spencer, you are an incredible human being! I am a super fan of you!! Congratulations! 👏🏻
Spencer keep up the good work 💪🏽👏🏾
Wow! This is shameful! Thank you Spencer! Keep up the good work!!!
Can I call these guys on The Drip this Friday? I really enjoyed that segment I think we can do it more often
It would be amazing if you guys could get this Dap clown on the phone and have him address the criticism
I respect how he brings so much clarity to shady shh like this.
As a CFE and ACAMS grad, I really like your channel.
700% thanks for info just joined!
I didnt even know this type scam existed! Great video!
Wow thanks Spencer another new income stream! I thought it was just selling on the internet or buying real estate. Finding the new blessings!
I luv you for this stuff bro
Great work Spencer.
Thanks 🙏 bro ✊...
I was about to enter one.....
WOW 😯 thanks for the knowledge
I joined one of these. It was $100 to get back $800. I quickly realized that this was a complete scam. Luckily I got in early enough to get the $800. I used it to pay back the 2 people that I invited to this mess. They never got paid, and I feel bad for people that are banking on this. This is far worse than an MLM.
I keep telling them that eventually someone one will be out of the money and that the more people involved, the higher that probability is that it will be them.... theb they mock me and say that I am missing out on these "unique" and "rare" opportunities. Get ready for the hate bro and thank you for the great content. If you ever venture to NYC, dinner is on me.
Well done Spencer for exposing another Scammer!!!!!! You are a real deal 😉
Spencer! What kind of person falls for this? Can you give me a little bit of insight? Are they people who are suffering? Poor? Greedy? What kind of person jumps into this? Great contact as usual. Keep it up my friend
Suffering, maybe poor, financially stressed, need a way out, desperate I'd say.
Low IQ and desperate
I'm guessing people who have debt to pay or people who experience losses in their business. So yea desperate people.
people who don't have a wide general general education, basically the people the scam runner in this claims to be helping.
And desperate plus those who think they deserve the world to give them money, a form of greed.
Also you need to be a little bit greedy so it blinds that.
Another common victim type is stupid people who got successful in life and think they're not stupid because they were successful in getting money, although they go usually for more elaborate scams where their ego is stroked to get into it.
I love ur breakdown
The fact that people do Make. Money is why they recruit. However somebody fails
Bc they're only circulating new peoples money..
I've heard alot of mlms
This is the best break down
I remember these scams "blessing" social media last year. I laughed everytime I was invited. 🤣
The biggest red flag to me was the chirping smoke detector in the background.
Over 17k people paid $500 upfront?
Ya crazy
expose this b
Respect Spence Boi
Is it just me or is anyone else slowly but surely developing a crush on Spencer after keeping up with the channel for a while? Lol. Also, I spotted a scam bootcamp thanks to your vids. Thank you for the work you do. You're saving lives, wallets and financial futures one video at a time.
Better download this video, those 7,000 people are gonna mass report this video.
I remember that blessing stuff😂 all of my friends was posting it, glad I knew it😂🤦🏽♂️
Good detective work Spencer.
This dude is going straight to hell :) Using the Lord's name for a scam!!!
And how the hell they come up with these names for their schemes?
You Sir on the other hand are the blessing by posting these vids about these shameless people.
Everytime I watch your vids I have flashbacks from when I got sucked into MLM.
Great content 🇿🇦
Michael Scott will definitely fall for this scam
Keep exposing these frauds 💯
A couple of my friends tried to get me into this 😂 Going to have to show them this vid
This is like my 800th video I've watched of yours and you still ha e tons of scam videos haha. Cha-ching! Zilla brought me here :)
FINALLY! Glad you’re on to these guys Spencer. Using gods name to rip off people is low ASF. People are struggling and these people doing this to them.
10:50 'The scam is the mindset'. That's a new one 🤦♀️
Keep it up Spencer
The key is in the wording “blessing “ and “gift” , you can’t sue someone bc you gifted someone. It’s giving away $1400
Thank you
1:50 When someone approaches you in minecraft and says: "you put in a dollar and get back eleven", and you do. You are asking for it at that point. That's all on you.
“You know you more than 2 people who you love or trust or care for the most...”
This man is incredible. This is the funnies amount of double talk I’ve seen in a while. I wish he would stop trying to implicate it was the Lord who told him to do this.
Hey Spencer, I love your content. I first go into you through your first music industry video. I want to one be a musician who profits off their work & your videos are really helping. I was wondering, can you do a video on American Online Insurance or AO Vanderkamp? I almost worked for them but quickly realized it was a pyramid scheme. They asked me to pay for “study materials”, work for commission instead of base pay. They had a pyramid scheme structure of promotion too and there rhetoric bordered on cultish. Please make a video on them, I want them to be exposed as a scheme or verified as legit. Thank you!
Lol I like that the date above the blessing circle photo is 4/20/20 😂😂
Your content so gd that I enjoy watching the ads b4 lool
Sou Sou Flower next please!!! Same "blessing scam" different structure lol as a cousin was going to pay my way in so he could complete the flower hehehe FOMO is a real psychological aspect that we must all get over before we take on financial freedom...my 2 cents lol great videos though love the series!
I'm ashamed to say that I fell for this. a trusted friend calls me and explains it and initially was spectacle and refused but then my cousins overheard and tell me that it works. I went against my better judgment and trusted them because their family and I lost 100 dollars.
Liked and subscribed thank you just got 3 calls from 3 different friends and family! F that bye Felicia
Almost a 100k👀 subs
When he said group economics, he’s getting his talking points from Dr. Claud Anderson.
Spot on
My mother got sucked into this. Luckily, we (my family) were able to get her out.
MashaAllaah
How can anyone trust a man who wears the word "dope" on his shirt? Smh
New Subscriber
Just like "The gifting tables" showcased in HBO's Murder on Middle Beach. Interesting.
Its a shame, I tried to stop my parents from partaking from this exact scheme. By the time they told me they already paid their money.😞 This was way before this video.
500 bucks ??! I'll bless myself with a new PC or a PS5 for that price 😂
I love financial wizardry and witchcraft economics!! 💚
🧙♀️🤑🤩🥳
I like how they preemptively argued that it isn’t a scam in the info section
Keep roasting those losers spencer, you've done great work so far.