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The Cash App Loom Scam....
Episode 31 of J and S Talks:
In this one we discuss the latest scam roaming Instagram especially in the NYC area as of late, the Cash App Loom Scam...
Other variations are the "Blessing Loom" or The Loom and so on. This scam is not new. It popped up in Alabama in late 2016, Utah in 2018. It has even gone worldwide to the UK and Australia. But now Amid the Coronavirus it has been resurfacing and storming Instagram. Joe and Show explain how this is a clear Ponzi scheme aka a Pyramid scheme. Scammers and Victims alike want to compare it to legitimate money pools which is not the case as we explain in this Episode. Tune in as we go in depth on "The Loom" and it's pitfalls...
YouTube Video:https://youtu.be/o4VwZh8f7WU
View all episodes
By Joe and ShowEpisode 31 of J and S Talks:
In this one we discuss the latest scam roaming Instagram especially in the NYC area as of late, the Cash App Loom Scam...
Other variations are the "Blessing Loom" or The Loom and so on. This scam is not new. It popped up in Alabama in late 2016, Utah in 2018. It has even gone worldwide to the UK and Australia. But now Amid the Coronavirus it has been resurfacing and storming Instagram. Joe and Show explain how this is a clear Ponzi scheme aka a Pyramid scheme. Scammers and Victims alike want to compare it to legitimate money pools which is not the case as we explain in this Episode. Tune in as we go in depth on "The Loom" and it's pitfalls...
YouTube Video:https://youtu.be/o4VwZh8f7WU