Christmas | Holiday | Viral

Scam Alert: Don't Trust Holiday "Gift Exchanges" On Social Media

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Instant Checkmate

Tis the season...for scammers. Be wary this Christmas, because not everyone's as giving as they seem on social media.

We've warned you before about all kinds of scams that land the people behind them on the naughty list, but this might be the worst one yet, because it preys on your Christmas spirit.

An example of the famous scam.Good Housekeeping

By now you've probably seen social media posts or groups called the Secret Sister Gift Exchange. The promises these posts make sound too good to be true: buy a $10 gift for the person at the top of the list, share the post, and soon you'll get 36 gifts of your own in the mail.

Sadly, this is just a high-tech version of an old chain letter pyramid scheme, and it's been circulating on social media websites since at least 2015.

How these "gift exchanges" supposedly work.Life With Lisa

The scam has proved so popular that the Better Business Bureau has stepped in, warning customers not to believe everything they read online. The organization says you won't just be disappointed by the scam, you could actually wind up in big trouble with the law.

Thankfully, these scams are easy to recognize and avoid if you know what to look for.

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