Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] 🔵 UTRUST 🔵 The future of online payments is here.
by
Alainmona
on 13/11/2017, 16:49:44 UTC
131 active companies are listed with the same address. https://www.moneyhouse.ch/en/company/utrust-switzerland-ag-12191824201/detail#contact

When you look up the address you will find this leather bags shop: http://www.hofstetter-lederwaren.ch/ueber-uns/imagevideo/

Google Maps shows it is definitely an address:

https://i.imgur.com/q9VP840.jpg

How does this work? How can 131 companies be registered to a leather bags shop?



It's a C/O (Care off address) so the building is most likely a brass plate company residence. This is not uncommon. They're decision to register in Switzerland is probably due to a better tax rates and the fact it's a mecca for finance (think Wolf of Wall street) which might suit any legal delectation of monies raised during the ICO.

http://www.businessdictionary.com/definition/brassplate-company.html

Makes sense financially, I'm sure there are tons of companies that do this. Just like Rigorous said, I was hoping it'd be something different than a handbag shop. Oh well, I'm still pretty confident in my investment cause I know this project is absolutely promising. It's just we in the crypto-community are traumatized for sure. I look forward to hear from the uTrust team on clarifying this and the Marc Phillip conspiracies haha.