If you are currently putting your hard-earned money in Loom Ponzi Scheme, trust me, you will soon be on a long thing. And to think that we were already discussing marriage, meeting families and all ...

During a time of vulnerability for many scammers are finding ways to take your money. A woman who spoke with Eyewitness News Monday and wishes to remain anonymous, says she saw on social media what ...

Anyone looking for some extra cash this holiday season might be tempted to join a "Blessing Loom," the latest money-making scheme spreading through Facebook. But you need to be careful before you send ...

MMM penetrated the Nigerian market in 2015 with over 2 million people signing up for the scheme by the time it crashed in December 2016. Despite the loss of billions to that scheme and many of its ilk ...

HAMPTON, Va. — More people are looking for a little extra money during the COVID-19 pandemic. But sadly, more scams are popping up, too. Maybe you've seen the “Blessing Loom” posts pop up in your ...

“The Blessing Loom” lures people on the social media site with the promise of making big bucks, but the Better Business Bureau says it’s simply a Ponzi scheme. Participants are asked to send $100 to a ...

The Securities and Exchange Commission (SEC) yesterday warned Nigerians against the activities of some fraudsters running an online investment scheme tagged ‘Loom Money Nigeria’. It said Loom Money ...