Pyramid scheme making the rounds on Facebook in Montana

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By: Holly Michels

A pyramid scheme called the “Friendsgiving Network” is making the rounds among Montanans on Facebook and the social network’s messaging platform.

The state Auditor’s Office sent out a news release Monday warning of the scheme.

According to the Auditor’s Office, the scheme involves recruiting friends to buy into the bottom of a pyramid for $100. Once the pyramid is filled up with new participants, the person at the top takes $800. The two people at the second tier of the pyramid each become the top of two new pyramids, and the process repeats. It is primarily operating within private group chats on the Facebook Messenger app.

Read more at the Helena IR