If I may be frank with you, the ‘gifting circle’ thing is a scam!
SIR— How many women like me, have been approached recently by female friends offering the chance to join a “gifting circle†for the outrageous amount of $5,000.
SIR— How many women like me, have been approached recently by female friends offering the chance to join a “gifting circle†for the outrageous amount of $5,000. If your heart is still beating at this stage and you haven’t fainted, you are then promised that this $5,000 will turn into an amazing $40,000. Just like that! Do we have proof of a magician in our presence? No, we simply get a file full of diagrams of circles and more circles splitting into new circles, and then and behold, these circles split into more circles! At the end of the hour’s meeting, you have more circles than the Olympic Flag. Don’t forget, the new best friend “just wants to help youâ€.
At this point, most women should simply walk away and say, unless there is a money-printing press within the gifting circle, then this simple equation $5,000 to $40,000 is impossible to achieve. In addition, we are also told, “Don’t tell your husbandâ€. Why? Because, he would simply say are you mad and forbid it at this stage. Mine threatened to lock me in our house until my senses had returned.
So how does the gifting circle work? Very simply, you give your $5,000 to a person who is in the middle of the circle you are assigned too. If you are lucky, you get to go to a ridiculous party/dinner/soiree where you celebrate the fact that you have just parted with your hard-earned money. The person who has received your $5,000 then leaves the circle with your $5,000 and seven other women’s money in their pocket (no doubt laughing all the way to the bank). Next, the circle splits into four new circles with one person from the middle ring, moving into the centre of each newly created circle. In turn, you also move one level closer to the middle of the circle you are in. Now the new and confused 32 women joining the four new circles (probably some of your friends or should I say were your friends). They now also have to pay $5,000 to the person in the middle of their circle, not you. On and on we go with circles splitting here and there and you are not quite near the centre of your circle, where you want to eagerly await $40,000.
Do you get there? The catch is, gifting circles do work. If you are the very first person at the start of the chain. After that, 8 new women move in, they need to find 8 new women each and those women need to find 8 new women each. Remember these circles then split, leaving 4 circles needing 8 new women each. With simple mathematics, just like a pyramid selling 1x8 =8 women, 8 x 8 = 64 women, then 64 x8 = 512 women, etc, then multiply this with all those 4 new circles and the numbers are too large for me to type here. What about all the women on the outer layers of the circles? Of course, they lose and the chain breaks down. The job of finding this many women is far too large for the poor women stuck on the outer circles to even contemplate. They are left panicking, wishing they had told their husbands and simply dreading the time when they do.
Have some women reached the inner circle? I have heard of three who have taken $40,000. After this, I only hear of how circles have collapsed or ground to a halt. Women, take care. And for those three women who got the funds, morally how could you women take the sum of $5,000 each, from 8 other women (whom you knew as friends), knowing fully well that by the time these poor women reach anywhere near the centre of the ever-splitting circles, the circles will have collapsed or stopped? Do you not feel guilty? This is where, in my belief, the “gifting circle†is a complete scam, just like the millions of pyramid schemes that came before it. All the “gifting circle†does is to borrow from Peter to pay Paul (Okay, Julie to pay Jane). Only poor Peter (Julie) never gets her money back. If you want to do something useful with $5,000, put it in treasury bills or give it to a charity.
Do not make a few sly women richer with your hard-earned money.
M. Mukasa, the lucky wife
who told her husband
At this point, most women should simply walk away and say, unless there is a money-printing press within the gifting circle, then this simple equation $5,000 to $40,000 is impossible to achieve. In addition, we are also told, “Don’t tell your husbandâ€. Why? Because, he would simply say are you mad and forbid it at this stage. Mine threatened to lock me in our house until my senses had returned.
So how does the gifting circle work? Very simply, you give your $5,000 to a person who is in the middle of the circle you are assigned too. If you are lucky, you get to go to a ridiculous party/dinner/soiree where you celebrate the fact that you have just parted with your hard-earned money. The person who has received your $5,000 then leaves the circle with your $5,000 and seven other women’s money in their pocket (no doubt laughing all the way to the bank). Next, the circle splits into four new circles with one person from the middle ring, moving into the centre of each newly created circle. In turn, you also move one level closer to the middle of the circle you are in. Now the new and confused 32 women joining the four new circles (probably some of your friends or should I say were your friends). They now also have to pay $5,000 to the person in the middle of their circle, not you. On and on we go with circles splitting here and there and you are not quite near the centre of your circle, where you want to eagerly await $40,000.
Do you get there? The catch is, gifting circles do work. If you are the very first person at the start of the chain. After that, 8 new women move in, they need to find 8 new women each and those women need to find 8 new women each. Remember these circles then split, leaving 4 circles needing 8 new women each. With simple mathematics, just like a pyramid selling 1x8 =8 women, 8 x 8 = 64 women, then 64 x8 = 512 women, etc, then multiply this with all those 4 new circles and the numbers are too large for me to type here. What about all the women on the outer layers of the circles? Of course, they lose and the chain breaks down. The job of finding this many women is far too large for the poor women stuck on the outer circles to even contemplate. They are left panicking, wishing they had told their husbands and simply dreading the time when they do.
Have some women reached the inner circle? I have heard of three who have taken $40,000. After this, I only hear of how circles have collapsed or ground to a halt. Women, take care. And for those three women who got the funds, morally how could you women take the sum of $5,000 each, from 8 other women (whom you knew as friends), knowing fully well that by the time these poor women reach anywhere near the centre of the ever-splitting circles, the circles will have collapsed or stopped? Do you not feel guilty? This is where, in my belief, the “gifting circle†is a complete scam, just like the millions of pyramid schemes that came before it. All the “gifting circle†does is to borrow from Peter to pay Paul (Okay, Julie to pay Jane). Only poor Peter (Julie) never gets her money back. If you want to do something useful with $5,000, put it in treasury bills or give it to a charity.
Do not make a few sly women richer with your hard-earned money.
M. Mukasa, the lucky wife
who told her husband