![]() It works by having the eight new fire recruits pay $270 directly to their water, or leader. ![]() “Often the new recruits are family members and friends, so these relationships may be put in jeopardy when the scheme eventually collapses and people are demanding the rewards they were promised or want their money back.”Ī Mandala gifting circle involves women progressing through three levels named “fire” (eight people), “wind” (four people) and “earth” (two people), before becoming a group’s “water” and reaping financial gain. “Gifting circles or pyramid schemes have been around for many, many years but only really benefit the few people at the top,” she said. WA commissioner Lanie Chopping warned it was basically a regurgitated con-job that was resurrected every so often with a new theme. ![]() It is believed hundreds of Australian women, including many in WA, have been lured to invest in recent weeks, “gifting” $270 for a promised return of $2160.Ĭonsumer Protection yesterday confirmed it had received reports about the illegal scam operating in WA and warned those promoting it, or taking part, could face prosecution. Camera Icon gen pyramid scam Examples of the “mandala” or “looming” pyramid scheme being promoted through Instagram. The illegal gifting circles have names such as “Mandala” or “Looming” and are run through invite-only Whatsapp groups. WA women are falling victim to a new pyramid scam being promoted by social media influencers as a sisterhood of financial empowerment.
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