Editing Pyramid scheme (section)

=== Blessing Loom ===
[[File:Blessing Loom and 8-Ball Pyramid Schemes.svg|thumb|The "Blessing Loom" is identical to the classic "Airplane Game", with a circular diagram obscuring the pyramid structure.]]

Similar to the eight ball model, the '''Blessing Loom''' tricks potential investors by claiming to turn $100 into $800. This scheme has a circular structure, as increases in new recruits pushes individuals closer to the center of the circle, hence the "[[Loom]]" in the name. Each participant needs to recruit two people without providing them with any service or product. The scam often resurfaces online across the globe, under different aliases such as "loom circle" or "fractal mandala".<ref>{{Cite web |author=Okwe Mathias, Abuja |author2=Merlyn Mathews, Lagos |date=21 May 2019 |title=SEC declares 'Loom Money' illegal outfit |url=https://guardian.ng/business-services/sec-declares-loom-money-illegal-outfit/ |access-date=3 May 2022 |website=Guardian Nigeria}}</ref> The Blessing Loom scheme has been ruled as illegal in multiple US cities.<ref>{{cite web|author=ABC News |url=https://www.youtube.com/watch?v=UJm_DYtmo0U | archive-url=https://ghostarchive.org/varchive/youtube/20211104/UJm_DYtmo0U| archive-date=2021-11-04 | url-status=live| title=Police warn of 'blessing loom' scam |website = [[YouTube]]| date=2020-04-20}}{{cbignore}}</ref>