If you're hoping to get lots of presents this Christmas, you may be tempted to sign-up for an online gift exchange, but beware, this could be illegal.
Social media gift exchanges are the second scam on the Better Business Bureau’s “12 Scams of Christmas” list.
It's a seasonal scam that's actually a pyramid scheme. They promise to deliver you dozens of gifts if you send just one.
“It is in essence, a pyramid scheme and that means you will never get what is promised to you because it doesn't have the capacity to do so. It's just not going to happen and that's the biggest warning we can say is it's just not going to happen,” said Angie Barnett, president & CEO of the BBB serving Greater Maryland.
According to the Maryland Office of the Attorney General, pyramid schemes are risky and illegal in Maryland.
If you fall victim to any scams this holiday, you’re encouraged to submit any complaints to the BBB or FBI’s Internet Crime Complaint Center (IC3).
