Blessing looms, gifting circles ramping up during pandemic
Blessing looms, or โgifting circlesโ as they are referred to, are illegal, according to law enforcement. He says these gifting circles are nothing more than Ponzi or pyramid schemes. Pandemic puts new twist on old โblessingโ scamJust as schools, workplaces, courts, and even fitness classes went virtual because of the pandemic, so did the people recruiting others into their blessing looms and gifting circles. On Monday night, KPRC 2 Investigates is hot on the trail of a local woman accused of holding virtual gifting circles. Find out what the accused had to say about the accusations being made against her that she has stolen thousands from people who paid into her gifting circles.