How do I report a sou sou pyramid scheme?
Do the right thing and report this scam to your state attorneys general or notify the FTC at ftc.gov/complaint. Even if participating in a sou-sou pyramid scheme doesn’t bring grief directly to your door, it eventually will for others, and that makes it a corrupt way to enrich yourself.
Is Smart Shopper legit?
Overview. ShopSmarter has a consumer rating of 1.88 stars from 296 reviews indicating that most customers are generally dissatisfied with their purchases. Consumers complaining about ShopSmarter most frequently mention credit card, customer service and bed bath problems.
What is the friends and family savings plan?
It’s a savings arrangement between a small group of trusted people – usually family and friends – who regularly pay a fixed amount into a common fund and take turns getting paid out. In a sou sou, you don’t earn interest, never get out more than you paid in, and there’s no reward for recruiting people to join.
Is susu a pyramid scheme?
In contrast to traditional susus (in which participants only receive the money they put in without profit), these schemes promise a profit. Additionally, these scheme promise rewards for recruiting more people to the susu, in effect making it a pyramid scheme.
Does a sou sou end?
However, once each person receives their cash, they still have to contribute until everyone gets paid. A sou-sou could run for six months or up to a year — it all depends on how many people are in on it. Sou-sous continue until everyone receives a payout at least once.
Is there a catch with Rakuten?
There’s no catch to Rakuten, but you must buy items to earn cash back. Once your account has reached $5, the company releases cash back payments. Earnings depend on the amount you spend.
Is Smart Shopper free?
SmartShopper is provided at no cost.
Is Sou Sou legal in the UK?
Details. Pyramid selling schemes are illegal, and people who participate in them are likely to lose money. This summary sets out what a pyramid selling scheme is, the risks of getting involved in one, and how you can report a scheme.
How does the Sou Sou work?
In a traditional sou-sou, the members pay a fixed, equal amount of money into a common fund on a weekly, bi-weekly or monthly basis and take turns getting paid out on an agreed-upon schedule. The group selects a treasurer who collects the members’ contributions.
What is the benefit of a sou sou?
A sou-sou (also spelled sou sou, su-su or susu) is an informal rotating savings club, where a group of people get together and contribute an equal amount of money into a fund weekly, bi-weekly or monthly. The total pool, also known as a hand, is then paid to one member of the club on a previously agreed-on schedule.
How do Blessing circles work?
Here’s how “The Blessing Loom” scheme works: You’ll see an octagon that must be filled with names of participants. You are told that if you pay $100 to get a spot, you recruit other people, and once your name makes it to the center of the octagon, you get $800.
What is the downside of using Rakuten?
The only downside to Rakuten is that it can take months to get a check and be paid for shopping you’ve already forgotten about. If you’re a frequent online shopper, using Rakuten is a seamless process.
What is the website associated with Smart Shoppers Savings Club?
It has been reported that the website associated with Smart Shoppers Savings Club is thediscountsavingsclub.com , but that site is currently listed as “Under Construction.”
How does SmartShopper save you money?
So, through SmartShopper, they pass on a percentage of the savings directly to you. As you may know, the cost of routine medical procedures can vary greatly from facility to facility. When you shop for a procedure or treatment, SmartShopper estimates the cost of your procedure at different locations in your network.
Are you eligible for SmartShopper?
Am I eligible for SmartShopper? SmartShopper is a program available through your health plan and employer and is not available to the general public. If you are unsure about eligibility you may contact SmartShopper. If you are eligible you may register here.
https://www.youtube.com/watch?v=zvL3mGNVmDA