Comment on FTC to close down mobile banking app BeamparentComments−refulgentis5yRTFA! :) They were guaranteeing insanely high interest rates, it was designed to fail−justinclift5yMaybe a pyramid scheme that was caught early?−blunte5yPonzi which predictably collapsed when the rate of new funding couldn’t keep pace with the compounding interest payouts.
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RTFA! :) They were guaranteeing insanely high interest rates, it was designed to fail
Maybe a pyramid scheme that was caught early?
Ponzi which predictably collapsed when the rate of new funding couldn’t keep pace with the compounding interest payouts.