Skyway Capital “suspected scam” warning issued in New Zealand
Things have been pretty quiet over at Skyway Capital, following a regulatory warning issued by Estonia in June 2017.
Russia remains Skyway Capital’s primary source of investment revenue, however New Zealand could be emerging as a fresh source of victims to dupe.
On July 12 New Zealand’s Financial Markets Authority issued a Skyway Capital “suspected scam” warning.
According to the FMA, Skyway Capital is being promoted to New Zealand residents via social media.
Skyway Capital’s investment opportunity constitutes a financial service, which neither Skyway Capital nor its investors are licensed to offer in New Zealand.
Skyway Capital and The Skyway Group are not registered as a financial service provider in New Zealand and is therefore not permitted to provide financial services to New Zealand residents.
In addition to our previously cited Estonia warning, the FMA also notes similar regulatory warnings from Lithuania and Belgium.
It is noted on the warnings that Skyway Capital and The Skyway Group could be involved in a scam and are an unlicensed entity in those jurisdictions.
BehindMLM reviewed Skyway Capital in August 2016.
Based on the ridiculous notion that Russian transport would provide investors a 22% daily ROI, we concluded Skyway Capital was an obvious Ponzi scheme.
what are the Australian authorities waiting for, same issues apply here and people are going to lose money yet again then scream VICTIM!!!!!!!!!!!!!!
What “22% daily ROI”? đ Official source of this promise, or You are the liars.
The official source of the ROI promise was the original Skyway Capital compensation plan.
Shortly after we published our review, Skyway Capital buried the promise and pretended it was never made. Its affiliates did the same.
If you joined after the change, you probably never saw the 22% daily ROI. Instead you were likely fed the pseudo-compliance “no guarantees ROI” pitch.
None of which changes the fact Skyway Capital is a Ponzi scheme.
Agreed, Skyway is indeed an investment fraud. It is targeted at the average mum and dad investor while not actually selling tangible shares but what they deem ‘educational packages’ and so when the time comes for people to want their money back, they will pack up and leave the country with minimal legal repercussions as they have done multiple times in the past.
The return claims are based on fanciful figures for a nonviable and uneconomical technology.
They claim they will build their 500km/hr track in Dubai in a ‘secured’ project when currently no prototype exists and a contract value nor time-frame can be ascertained except for the laughable billions to trillions and in the near future.
It doesn’t take a genius to realise no project contract would be awarded like this. Absolutely unbelievable.
sometimes is better don’t talk about when someone is doing something big.
We are just on start-up time.
All our partners knows the risk about investment on venture capital and actually we are teaching and promoting the financial education, so we explain everyday what is make an investment.
We are just a crowdinvesting, supported by open minded people.
Just it.
If you don’t like pass it over.
Easy.
Nope. Skyway Capital surfaced in 2016, you’re just late to the party.
Nope. Newly invested funds to pay existing investors = Ponzi scheme.
When someone is doing something big that is indeed the time to talk about it. The fact that you don’t want to is a bad sign as ignorance is bliss.
I would love to hear about some concrete project completion details when you have time as I can certainly find nothing to indicate there will be a skyway in any country soon if ever.
I am worried because in Chicago they are involved a lot of people with a lot of promises!
Oz, Ethan Vanderbuilt mentions SkyWay was first registered in 2014
SkyWay Capital is actually FIRST SKYWAY INVEST GROUP LTD. which was incorporated in 2014.
The Ponzi didn’t emerge until around 2016 though. Might have been low-key promoted in Russia first but.
And there were previous companies under a range of similar names from 2013
Euroasian Rail SkyWay Systems Ltd
American
African and so on
All now dissolved.
Then a range of holding companies
For example
EuroAsian Rail Skyway Systems Holding Ltd
yes idk how they have gotten to Chicago but these scammers got to my mom and she is crazy over it arguing with family members because they dont want to invest their money into this… wtf these fuckers ruin peoples lives.
A good way to try to explain it to your mom:
-The kind of returns they are promising basically are unheard of in the history of economics.(other than scams)
-Even if they could deliver 10% of the promised returns legally, the company would simply get legal w the SEC, etc and they would be given billions by hedge funds, etc.
Why are they looking to take hundreds/thousands from some regular citizen in Chicago?
Hopefully nobody in the family/friends is rube enough to fall for this obvious con. Ponzi schemes wreck families/friends when they tank.
Your mom is going to be the “fall guy” regardless of her good intentions. They are going to hate her forever.
My gullible mother is also being scammed by Skyway. I recently found out she has used my child and also my nieces details to purchase them these useless âsharesâ.
They are both minors and she took copies of their passports and other information to use to sign them up via the website. My sister and I are furious as she never consulted us as she knows we donât approve.
Does anyone know what these scammers would do the sensitive information like this they collect? Sell it for identity theft?
I have no idea what to do, shes too deep in it and canât be reasoned with and itâs her money to lose, but to involve our innocent children is not ok!
No worries here. Any new technology has nay sayers. Steve Jobs had (Ozedit: nothing to do with a Ponzi scheme. Derails and unsubstantiated claims removed.)
We’ve been listening to Skyway Capital marketing bullshit for four years.
This is not the place to repost the lies your upline tells you. If you can’t prove it, stick to spreading it on Facebook et al.
Hi I’m not a supporter or a investor for skyway, It’s just that I need a clarification.
If they are scammer why dont govt in Dubai stop this And why do they allocate land for skyway?
Dubai people are not dumb for this Why do they they presentation
In Dubai transportation forum for public Like future transportation ?? RTO
WHEN I WENT TO SEE THE SKYWAY LAND IN DUBAI IT WAS REAL AND CONSTRUCTION WAS GOING ON ..
I DONT BELIEVE THAT THEY ARE SCAMMERS AND IN APRIL THEY ARE SHOWING TO WORLD TRANSPORTATION FOR FUTURE WHICH WILL HAPPEN IN DUBAI AGAIN …
WHY DONT DUBAI GOVT STOP THIS? Please give me the reason . .
You’d have to ask the Dubai government why they don’t regulate blatant Ponzi fraud.
From a regulatory perspective, Dubai is somewhat of a laughing stock.
There’s no legitimate reason for an MLM company to be registered in Dubai. The only MLM companies that register there are those doing something they shouldn’t be and hoping to get away with it.
It’s all part of the marketing con. Same as the bullshit paddock they had going in Belarus I think it was.
Don’t confuse someone slapping together a few mockups in the sand dunes with an approved contract to provide transport infrastructure in Dubai.
The only reason Skyway Capital does this is for social media photo ops, and so people such as yourself run around the internet going “look, see they’re building something!”
This crap has been going on since 2016, and since day 1 the only verifiable source of revenue entering Skyway Capital has been new investment.
but I think they got awarded with some kind of contract do research on “Dubai skypods”.
Instead of “thinking” (read: believing what you want to believe), how about fronting actual evidence that Dubai’s sky pods have anything whatsoever to do with Skyway Capital.
I think we can fairly safely assume that the company fronting Dubai’s ‘SkyPods’ are involved with the SkyWay Group.
In this reference Anatoly Yunitskiy himself is pictured in the background. Apparently an MoU is being signed by Dubai’s RTA (Road Transport Authority) and ‘SkyWay Greentech Ltd.’, a member of the SkyWay Group: rta.ae/wps/portal/rta/ae/home/news-and-media/all-news/NewsDetails/mou-with-skyway-greentech-to-develop-sky-pod-network.
SkyWay Capital is the fundraiser of the SkyWay Group and is mentioned in many of the regulatory warnings (for example FSMA warning). It’s confusing because of the many shell companies. But Anatoly Yunitskiy, inventor of the technology seems to be the primary share-holder and the director of these companies according to many verifiable references.
All of this seems to suggest that SkyWay Capital and the SkyWay technology it funds are inextricably linked. They are really good at generating interest by presenting themselves at international transport conferences where they actually display the technology (e.g. InnoTrans 2018 and SITCE) and I think this is how they get governments involved in foreign companies.
They aren’t adverse to paying extremely large bribes as well. The Lithuanian scandal involved the payment of something like 360,000 euros to a Lithuanian official’s bank account.
So appearing that they are starting to work on projects by attending international fairs as well as their mythical Belarusian test site are an important part of the whole marketing apparatus.
But the Belarusian site actually has a working model that people can actually ride. It moves at about 20 m.p.h., is not positioned very far off the ground as has been involved in an accident, but the ingenious part of this whole marketing scam is the fact that the technology really does exist.
Whether or not it’s actually any good is moot. There is practically no actual verifiable scientific references and the people who attend the SkyWay site are entirely unqualified everyday small-scale investors like you or me who have been convinced to invest their money (and plant a tree at the Belarusian site with their name on it).
Thanks for that. A MOU is not a contract though.
Furthermore two years ago the Dubai government announced sky taxis. Nothing has come of it.
Dubai transport initiatives are vaporware, which fits in nicely with Skyway’s “we spent some money on a mock up but that’s it” Ponzi model.
I mean let’s face it, there’s a reason a ton of MLM scammers have flocked to Dubai. Regulation is virtually non-existent.
Legitimacy via association doesn’t work, no matter the scale.
I want to ask where the chairman of this corporation went while King Dubai appeared. Before that, he also appeared and performed very well.
Scammers say that the contract is in many places including Dubai. Only God knows where those contracts are.
Scammers are in Vietnam. In their countries, they say 2017, 2018 will conduct IPO, but they will come to Vietnam for 2019, 2020.
Their ships are like exaggerated models, running away from a tortoise, no real products, not an authority What features do they assess, yet they say it is being built in many parts of the world.
The scammers also said that by the end of 2019 they will extract 20% of profits to pay dividends to investors.
Oh my god, where did they get it now? DO NOT STAY WHAT IS, A PONZI PLAN. Sorry for your english, hope you will understand.
Anyone heard of their new Skyway invest group CRYPTOUNIT?
I hadn’t heard of it. Did a Google search and the first few results were “lulz Crypto Units has nothing to do with Skyway Capital”.
Skyway Capital == Skyway tokens == Skyway Crypto Units == confirmed crypto exit-scam.
Report Skyway here the more people who do it the more quickly the scam will be shut down.
People are simply not going to turn $100 into $100,000 in a year as Skyway is promising this does not happen in the real world.
A lot of the main promoters are New Zealanders and a lot of New Zealanders have been sucked into buying worthless “shares” or crypto units so the New Zealand authorities will take action if enough people complain.
You do not need to be a New Zealander to complain:
fma.govt.nz/contact/make-a-complaint/make-a-complaint-online/
All Skyway branding is changing to N.E.E.W in an attempt to avoid people searching for their name and learning the truth about the scam. All Facebook pages and groups are renaming as N.E.E.W New Economic Evolution of the World.
Classic scam tactics. Need a new post here using this new name in the headline?
Wow , thanks for being the hyper vigilant neighbour NZ, we over here in AUS are like lambs to the slaughter over here with these people and this âInvestment Opportunityâ being marketed as âInvestment Educationâ.
Came into contact with a fellow offering an introduction shopping one day – followed up with a coffee out of interest.
The âRed Lightsâ on the pitch and offering is incredible – cannot believe people dive in and throw their money into the âBlack Holeâ.
When will we see AUS ScamWatch put an alert out, these things should flag a warning if anything and these guys should not be able run via a loophole of Non-Investment advice by calling the $$ as Educational Purchases.
There is no way people would put $1000 a month for a year if they are just getting YouTube videos, Links and printed material.
Any people in AUS who are willing to share stories , confirm details to get something done about it?
As a sure sign something is wrong – anything that take $Input into a scheme and pull a high commission for distribution up through the pyramid has got a bad smell to it.
It was indicated to me that total commission was approx 40% from Introducer right to top (10%) base marketing / management fee… Even a high fee Retirement Fund only runs at no more than 4-5% plus yearly management fee….