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About Beam

Beam is a mobile bank account that aimed to pay 200x more than your average savings account. The company describes itself as the "first mobile high-interest savings account for the 99%."In March 2021, Beam was shut down for good under a tentative settlement with the Federal Trade Commission after a CNBC investigation revealed dozens of customers were unable to get their money out.

Beam Headquarter Location

1540 Market St

San Francisco, California, 94102,

United States

Latest Beam News

Rape suspect accused of child porn

Oct 1, 2021

by Lynn Larowe |Today at 3:31 a.m. TEXARKANA -- A man facing a state charge of rape in Miller County Circuit Court has been indicted in federal court in the production and possession of child pornography. Michael Ray Beam, 30, was arrested in October 2020 by the Miller County sheriff's office in the rape of a 13-year-old girl. The case against Beam began with an investigation by police in Wake Village, Texas, into online solicitation of a minor, according to a probable cause affidavit. Beam is accused of threatening to kill the girl he met on social media if she "snitched" on him and threatening to stop giving her food and money if she didn't comply with his requests for sexually oriented photos and videos. The girl allegedly described being sexually assaulted by Beam at a location in Texarkana. Beam appeared Wednesday before U.S. Magistrate Judge Barry Bryant in the Texarkana Division of the Western District of Arkansas for arraignment on a four-count indictment charging him with three counts of production of child pornography and a count of possession of child pornography. Beam pleaded innocent to the charges. Count one alleges that Beam enticed or coerced a 13-year-old girl to engage in sexually explicit conduct for the purpose of creating a visual depiction of the conduct in December 2019. Counts two and three allege that Beam coerced a 15-year-old girl to produce sexually explicit images in May and July of 2020. Count four alleges that Beam possessed images of child pornography, including some involving children under 12 in September 2020. Beam's federal public defender waived the issue of detention at his arraignment hearing Tuesday. He is currently being held in the Miller County jail. Print Headline: Rape suspect accused of child porn ADVERTISEMENT

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Research containing Beam

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CB Insights Intelligence Analysts have mentioned Beam in 6 CB Insights research briefs, most recently on Sep 28, 2021.

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