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 ...

Many Nigerians are investing money in Loom, but SEC warns that it's a disaster waiting to happen. Two years after the popular Mavrodi Mundial Moneybox (MMM) Ponzi scheme crashed with billions of naira ...

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 ...

If you have social media accounts, you might have seen the “Blessing Loom,” which promises $800 in a matter of days, but state officials warn residents not to fall for it. Attorney General William ...

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 ...

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 ...

A new dangerous money-making scam is taking over the internet, targeting young people on social media. The 'Loom' craze has resurfaced on Facebook and promises people a payment of $2400, eight times ...