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Founder/CEO TrustEgg - The deposits are held at an established Trust Co. (Summit Trust Co. of Nevada)and if something were to happen to Summit or TrustEgg, the accounts would be transferred to another Trust Co. under the supervision of the State Department of Financial Institutions.

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If your startup is in California, where does Nevada comes from?

You see -- those kind of red flags to me would be a huge no-no. Like those Cayman accounts and other accounting practices.

Something is fishy here.

Founder/CEO - TrustEgg - Most financial institutions are based out of a few select states, Nevada being one. Similar to every company being formed in Delaware.

Do you have any idea what you are talking about?

Your savings account is held by a Delaware corporation. Oh no!

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