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Promoters of illegal “sou-sou” pyramid schemes, some using the Black Lives Matter movement to snare victims, want Black folks to believe their participation is for a good cause.
The very nature of the sou-sou or "gifting" pyramid scheme is that you put in money with the explicit expectation of receiving a large payoff.
Pyramid schemes have a lot of names. Some call them boards, blessing looms, sou sou. Regardless of what they are called, the Better Business Bureau says it is a scam.
But the name doesn't matter - it's an illegal pyramid scheme that's stealing credibility from legitimate sou-sous where members aspire to help each other save for a specific purpose and nobody ...
Promoters are misappropriating a legitimate savings practice called a 'sou-sou' to entice people to participate in an illegal pyramid scheme. Here's how to tell the difference and see through ...
The very nature of the sou-sou or “gifting” pyramid scheme is that you put in money with the explicit expectation of receiving a large payoff.