I love the smell of a Ponzi scheme in the morning... "The FTC also alleged that Beam wasn’t able to give users the high interest rates it said it would give.

I love the smell of a Ponzi scheme in the morning... "The FTC also alleged that Beam wasn’t able to give users the high interest rates it said it would give. The FTC first announced in November 2020 a complaint alleging that Beam and its founder Du promised that customers of the free mobile banking app could make transfers out of accounts and users would obtain their requested funds within three to five business days. However, the FTC alleged that some customers waited weeks or months to get their money. "