These women chamas are the biggest scam ever created

Chamas. Also known as the monthly come-together for women who want to throw around money they don’t have. Better known as a merry-go-round, an apt name that captures both the silliness and the pointlessness of the activity. Whatever you call it, these things remain the biggest scam of the last few generations.

In theory, a chama is a congregation of women who share notions of entrepreneurship. These women come together to pool resources, which they then gift to one of the members of the coven.