Beam Financial Inc.

Last Updated:
Case Status:
Federal Trade Commission, Plaintiff, v. Beam Financial Inc., a corporation; and Yinan Du, individually and as an officer of Beam Financial Inc.; Defendants.
FTC Matter/File Number:

182 3177

Enforcement Type:

Federal Injunctions

Federal Court:
Northern District of California

Case Summary

The FTC sued the operators of a mobile banking app, alleging that they falsely promised users high interest rates on their accounts and “24/7” access to their funds.