Marketplace

Easy Money (36x5)

: 06, 2009

We're all looking for a quick financial fix in these tight economic times. Canadians are buying into new schemes that promise fast cash through high-return investments. Marketplace investigates a company called BIM (Business in Motion) that claims big returns once you buy in. BIM's main product is the UltraLife Club, a travel package that promises vacation deals. Attend a presentation and you're pitched a membership for $3,200 and are told you can earn thousands in commissions by becoming a distributor and selling to others. But is BIM really selling access to vacation deals or are they profiting primarily from new memberships? If it's the latter, what kind of a scheme are people really buying into?