So, I guess the "Member Bond" I purchased in 2004 is considered a "personal asset" like Dave describes. While, I enjoyed the travel for 6 years, I am in the "pay as I go camp" now and refuse to drink the kool-aid regarding destination club memberships. Kage, I was a reader of the former site, DC4MS, but do not recall the threads on this topic...... So, if fraud were proven, (which is hasn't been I am guessing) would change this. The club did seem to take on too much reliance on new member money to keep it going for the last several years. For all I know, it may have been that way all along.