Instaspekers: even if it were legitimate, too dangerous to be trusted?

Over the past few weeks I received many emails from Instaspeaker, a new company which will soon launch a translation app for mobile devices. They are looking for experienced translators to provide interpreting and translation services on the fly through their app. According to their messages

Instaspeakers is a live on-demand translating app. Think Uber, but for translators/interpreters. Using our app customers can initiate a video call with a translator/interpreter [and get] video remote interpreting (VRI) [or] upload a picture or document [to get] an audio file [with the sight translation of the document].

On the face of it, this app is just one of the many that aim at providing linguistic services in real time for their users. I find these messages deceptive, disparaging and dangerous.

• Deceptive because they say "Earn on your terms," which, to me, implies setting your own conditions and rates — but the rates are instead set by Instaspeakers. Deceptive also because when you go to their website, they paint a very rosy picture of the translators' and interpreters' earning potential:

Elite translators have between 0-9 years of experience, and are billed at $1.50/minute. Elite translators can earn up to $73,000/year
Premier translators have between 10+ years of experience, and are billed at $2.50/minute. Elite translators can earn up to $134,000/year

...only to say in the footnotes that

Earning estimates are for explanatory purposes only, and the actual earning potential of each translator will be determined by the actual time each translator works and the rate for which their services are billed out. Earnings estimates are based on 40 hour work weeks over the course of 12 months.

So, to earn $ 73,000 dollars in 40 weeks, how much would an "Elite" translator have to work? If we multiply 40 weeks times 40 hours/week, times 60 minutes/hour, we get 96,000 minutes. If billed at $1.50/minute, the total would be $144,000 - but since Instaspeakers' earning estimate is 73,000, that means that only about half of the $1.50/minute would be paid to the translator or interpreter.
But nobody would be able to constantly translate 40 hours per week for them: even if it were possible, 40 hours of actual production work for them per week would mean not having any other customer, and takes in no account the time one would always need for administrative tasks, idle time, and so on.

• Disparaging because it treats translation and interpreting as a hobby "Instaspeakers allows you to earn extra cash in your spare time".
  
• Dangerous because they ask to their candidates (who, after the first 400 applicants, will be required to pay $15 for their own background checks) a wealth of personal information: address, social security number and bank account information. They say they need the bank information to pay you, and the address and social security to run the background check.
  

I have no reason to believe that this wannabe "Uber for translators / interpreters" are not a legitimate service, but...

But if I am wrong, providing them with all that personal information would mean providing someone we can not really check with all the information necessary to steal our personal identities, and, even if they are legitimate, providing a combination of name, address, social security number and bank information would mean that in case of a data breach (and we have seen how frequent such events are), the threat actors would have all of our personal ID, not only a mere email address or credit card number.