The pyramid scheme has a new look and the Oregon Division of Financial Regulation is warning consumers to steer clear.

Gifting clubs, such as Death Row, are illegal pyramid schemes that are scamming several Oregonians, according to a division release.

The Death Row gifting club, not associated with Death Row Records, was operating in Oregon last year. It advertised on social media and in online forums as a community wealth share group. More than 20 Oregonians lost their initial $1,400 investments.

The Death Row gifting scheme promised financial returns of at least $9,000. The division was alerted to the scheme when an Oregonian reported not receiving anything in return for their $1,400 investment.

The investment was not registered with the division and no one was licensed to sell investments in Death Row. Victims invested…

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