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1-18-2009 @ 2:58AM
They do say in the interview that they are based in Chicago. Still think it is a faulty business model at best, and at worst a scam called a Ponzi scheme, in which people invest money expecting a return on the investment, but the the money they make back is coming from new investors putting money into the investment 'robbing peter to pay paul' so to speak. Only in this case, the money is going to be coming from the next month's fees from other account holders. Or, it is simply a bad business model and it will fail once a) the company realizes it will be paying out more than it is making or b) customers realize that they are making a bad investment with the service and realize that if they put $6 in a savings account every month they'd make more. (a good savings account with good interest would pay out less per month, but it would be a guaranteed payout)
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