Chain Letters Scams

Almost everyone at some point or another has been the recipient of a chain letter. They promise riches with minimum investment. In truth all they do is take your hard earned cash and leave you feeling suckered.

Chain letters are simply low payment pyramid schemes in an envelope, so the reality is that they only make money for the first few people on the list. All the others lose their money. That’s why pyramids and chain letters deceive consumers and are illegal under state and federal laws. Economists have estimated that about 95% of pyramid participants lose their money.

If you ever receive one by email and it’s from an unknown sender then delete immediately!