Skyway Capital continues investment fraud with tokens & CryptoUnits
The Skyway Capital Ponzi scheme might be running low on cash, prompting Skyway to announce both Skyway tokens and CryptoUnits.
Communication seems to be a problem at Skyway Ponzi HQ though, as both reload scams have been announced simultaneously.
This naturally caused confusion, prompting Skyway to issue clarification that they aren’t one and the same.
The launch of Skyway tokens is taking a backseat to CryptoUnits, which are supposedly good to go.
Before we continue, I just want to make a quick note on the silly claims that Skyway has nothing to do with the various shell companies it starts up.
Skyway is the brainchild of Anatoly Yunitskiy. Attached to Skyway are a whole bunch of companies bearing the Skyway name.
These companies, including Skyway Capital, Skyway Invest Group and the various Skyway (insert country that doesn’t care about scams here) money laundering companies are all essentially one and the same.
Yunitskiy focuses on being the public face of Skyway, while his Russian/Ukranian underlings manage the attached scams.
Evgeny Kudryashov (right), for example, runs the Skyway Capital. And there’s a separate stooge fronting each of Skyway’s companies.
These companies are usually formed in scam-friendly jurisdictions, where anything other than a “too little too late” regulatory warning is unlikely.
Why this setup? Plausible deniability.
Yunitskiy runs around wooing gullible governments and pretending to run a legit operation. If any of them bother to look into Skyway, a cursory inspection reveals a complicated corporate mess, which Yunitskiy denies having anything to do with.
“Me? I just make flying choo-choo. If someone scam using company name and happen to give me money, is not my problem.
Is like farmer sell potato to supermarket and potato go bad. Farmer’s problem? I think no.”
(Don’t laugh. This is an actual pseudo-compliance argument Skyway came up with a few days ago to explain away their Ponzi scheme.)
Skyway, Skyway Capital and Skyway Invest Group are used interchangeably in this article, because they are literally the same company.
What both Skyway tokens and CryptoUnits have in common is that they are both typical MLM crypto exit-scams.
Tokens don’t exist yet but we know enough about CryptoUnits to spell this out for you.
According to Skyway marketing material, CryptoUnits will be released through their Skyway Invest Group shell company.
For the past year and a bit Skyway Invest Group has been soliciting investment in “sw shares”. That’s all been tossed and now they want people to hand over more money for CryptoUnits.
Skyway’s CryptoUnits’ is a shitcoin the company has yet to launch.
On its own CryptoUnits (CRU) bring nothing new to the cryptocurrency table, serving only as a vehicle for Skyway to continue to commit cryptocurrency fraud through.
Skyway Capital has been around scamming investors for a while now, so there’s a good possibility they’re having trouble keeping banking channels open.
Thus the move to cryptocurrency.
Skyway claim they will generate some 80 billion CryptoUnits, which they’re going to flog off to gullible investors starting at $50.
- $50 gets you 1100 CryptoUnits
- $500 gets you 15,000 CryptoUnits
- $1000 gets you 37,000 CryptoUnits
- $4400 gets you 198,000 CryptoUnits
Note there seems to be some confusion among Skyway Capital affiliates, as I’ve also seen the following investment tiers:
That investment list tops out at $8000 for 4.96 million CryptoUnits.
Either way, you hand over real money for bullshit tokens Skyway Capital generate on demand.
The marketing behind Skyway’s CryptoUnits is the typical bullshit you’d expect from MLM crypto companies.
So the pitch goes, four years ago some schmuck withdrew $26,000 out of Skyway Capital.
He invested it in something something and turned it into $10.7 million in four years.
Obviously there’s no proof of this provided, yet it’s what Skyway investors were told at a recent Ponzi conference in Malaysia.
At the event Skyway Capital management presented the made up story as proof they generated a 41,281% ROI, equal to about 25% a day.
Not that far off the original 22% daily return bullshit Skyway Capital launched with three or so years ago.
To date nobody in Skyway Capital has been paid 22% a day. Yet on the promise of future riches and recruitment commissions on invested funds, investors, mostly from Europe and Asia, continue to sign up.
For academic purposes, if we entertain Skyway Capital’s made up 41,281% ROI backstory, the ruse today is that Skyway Invest Group is headed up by Igor Romanenko.
Romanenko supposedly has a group of investment specialists under him, blahblahblah the usual MLM crypto Ponzi spiel.
And when it comes to Skyway, what a spiel it is.
Skyway Capital investors are being told the Skyway Invest Group portfolio includes
- real estate in Russia;
- Skyway Capital shares (using funds from your Ponzi scheme to reinvest in your Ponzi scheme and calling it a portfolio? Nice.);
- land (seriously);
- shares in Visa, Mastercard, Twitter, Facebook, Fedex and SberBank (incorrectly cited as “Sperbank”, but when you’re just making this all up does it really matter?);
- “cash”; and
- some bullshit gold mine in Ghana
And so Skyway appears to have pivoted away from Russian transport nonsense, to now representing itself as some sort of global investment consortium.
So anyway, this secret totally not made up Skyway Invest Group portfolio is supposedly funding CryptoUnit returns.
And said returns are even more hilarious than the investment claims behind them…
Skyway management, with a straight face mind, are running around telling investors their portfolio will generate annual returns of up to 100,000% in three to sixty months.
With respect to individual Skyway CryptoUnit investors, this has been broken down into a “net profit” return of “5% to 25% after 3 months”.
On the MLM side of things commissions are paid on funds invested by personally recruited affiliates, as well as residual investment via a unilevel team. The more you invest in CryptoUnits, the more unilevel team levels you earn referral commissions on etc. etc.
While there’s plenty of coverage of Skyway Capital’s bullshit CryptoUnit investment claims however, strangely enough I couldn’t find specifics for their MLM opportunity.
But I mean who cares. Invest in CryptoUnits and take home a 25% ROI every 3 months.
Anything you make recruiting gullible saps into Skyway is gravy, right?
As to Skyway tokens, they seem to have been shelved until… oh I dunno, probably around the time CryptoUnits starts to stall.
Oh and if you’ve already invested on the belief Skyway Capital was going to magically generate infinity money, something something we signed some toilet paper documents in Dubai, sorry for your loss.
Don’t fret though. If you were dumb enough to fall for the original monorail pitch, Skyway Capital has a new end-game vision for you to believe in.
The SpaceWay program can also be commercial and very profitable and this is why the goal of the CryptoUnit Project is to unite over 35% of people on the planet to bring to reality from 2020 to 2065.
This will provide a foundation for development for centuries to come for our children, grandchildren and descendants, who will feel today’s development in all future times.
LAMBO MONORAILS TO THE MEWN BABY!
For reals though, shout out to Russia for making Skyway Capital one of the most hilarious Ponzi schemes I’ve had the pleasure of covering.
The bullshit Anatoly Yunitskiy and the gang come up with is just… *mwah*
Step aside Mavrodi, you’ve been dethroned. This is scam popcorn comedy at its finest.
Update 6th September 2021 – The “clarification” referenced at the start of this article originally linked to a “skyway token” page on Skyway’s RSW System’s website.
As at the time of this update that page has been deleted. As such I’ve removed the previously accessible link.
Update 23rd August 2022 – Skyway Capital has deleted Anatoly Yunitsky’s “I’m a potato farmer” video from YouTube.
The video is still referenced in the article bu the previously accessible link has been disabled.
Remove this article! Not every company who use multi level marketing crowd investing is a scam company!!
Anyway i ll send this article to Skyway invest group to deal with this article.
Of course not. But the Ponzi scam ones like Skyway Capital are most definitely scams.
How did investing in the Ilgamos and LikesXL Ponzi schemes work out for you?
Oh noes the scammers are coming! Whatever shall we do…
Multi-level market-ING ‘is’ the harmful act regardless of the company. You know, like:
Drowning, killing, stabbing, stealing, robbing, murdering, suffocating, lying, etc..
If only everyone understood this, instead of comparing companies and products, billions of dollars would escape the grubby, greedy hands of scammers.
Arthur it is unregulated securities fraud by the looks of things.
Total and utter scam.
Crowdfunding is a regulated affair.
Just a clarification: depositing funds on the expectation of a passive financial return is not crowdfunding, it’s an investment.
5.8 Billion tokens sold out over 3 days with Stage 1. An incredible start to the launch of our very own Secured Token Offering (STO).
A Cryptounit that is secured and backed by its very own global portfolio of assets. And on top of that… pays dividends on the performance of the portfolio which has earned on average 28% Capital per day.
= stolen Ponzi investment. And an unregistered securities offering the world over.
The term crowdfunding is now used for a type of investment. Essentially angel investment into tiny startup companies marketed directly to retail investors via a crowdfunding platform.
Investors invest money in their chosen startup in exchange for shares and then sit passively waiting for the company to rise in value so they can sell their shares for more money.
Right, but for the scammers who bring up “crowdfunding” to circumvent regulation, they try to deceptively equate it to GoFundMe, KickStarter et al.
The person who published this Article has no knowledge about anything!
Firstly BIG mistake – SkyWay Capital and SWIG (SkyWay Invest Group) are two different companies.
It’s all the same shit. Shell companies on shell companies.
Peel it back and you’ve got puppets, behind which are the same scammers running the show.
You can see a list of these shell company names and where they are registered at the SkyWay Group Wikipedia article talk page.
They are run from a set of offices based in Minsk, Belarus, and they employ there at least four staff members who have a history in network-marketing.
They are responsible for ‘attracting investment’ which is a euphemism for posting misinformation and creating outlandish propaganda. They spend their time making films and promotional publicity filled with unrealistic claims about the company.
You can read about them here: burrenblog.wordpress.com/2018/01/05/das-skyway-projekt-das-phantasialand-der-traeumer-und-gutglaeubigen/
Press the translate button to read it in your language of choice. These are actually people who collaborated with Mavrodi in the MMM-2011 Ponzi scheme and who work at the central Belarusian SkyWay location.
It is the German translation of an original Belarusian article, a popular Belarusian news sender who were unsuccessfully sued by Yunitskiy for slander (even this translation has been targeted by a ‘Sino-English law firm in Hong Kong’ – I’d like to know who that is).
Clearly people are realising that SkyWay company shares are worth less than the paper they’re printed on (i.e. nothing) and they’re beginning to find it difficult to recruit new gullible people to part with their money.
Crypto-currencies are clearly the logical next step after educational packages didn’t work out so well for them. But be warned: they are entirely unregulated and have absolutely no obligation to pay you anything.
They never had any right to sell you shares and they also have no right to sell you crypto-currencies which is just an unregulated buzz word they’re applying meaning to.
You can’t believe them that it has value just because they tell you it does. They value their company as being worth 400 billion dollars thanks to the intellectual property of the Russian inventor Yunitskiy who directs the company. This value is so inflated it is beyond belief.
The conclusion in this article is that the company is worth exactly $0.00. This means that if the company goes bankrupt, you will have no right to compensation.
I’m yet to read a story about anyone who has actually made any money that is not from the referral commission fee that comes from convincing someone else to attend a sales meeting and investing.
From Repubblica ( most important italian newspaper): skyway is a scam.
Meantime at UAE’s RTA (Roads and Transport Authority in Dubai):
optimistic assessment was published (or is it a PR paragraph from SkyWay headquarters that slips into this report?)
Interesting part (Skypods is a nickname for SkyWay’s gondolas and string lines):
It’s time to contact RTA and ask for explanation how they can manage throughput of 8,400 passanger in one direction in gondolas for 4 – 6 people.
It means frequency of one gondola passing by each ~2,5 seconds. I wonder how how passanger will board and what will be acceleration and deceleration at the stops.
I wonder what is in this context proper meaning of word “suspended”. 😉
And note: in the announcement is no mention of SkyWay, but just one mention of Skypods. Going undercover?
Briefed = Skyway Capital scammers gave a marketing presentation. Just more smoke and mirrors.
Unfortunately – not only smoke and mirrors. It seems to be more serious. It was not only presentation with “Thank you, don’t bother coming back again” in the end.
SkyWay found the way to the heart of His Highness Princess Sheikh Muhammed (royal family). RTA keeps on publishing news about the SkyWay project in Dubai and Sharjah in the last months. And (of course) newsfeed on SkyWay site happily push articles about it.
Let’s see for how long time. But SkyWay brainwashed investors and recruiters have their star moment right now.
Yeah but until they start building something, register the investment opportunity and stop operating like a shady Ponzi scheme, it’s still all just smoke and mirrors.
Dubai having little to no regulation means this is just another level of pageantry.
To clear up any ambiguity Alena Pepina: the SkyWay offshore empire is registered at a primary location in the British Virgin Islands and this company is called “Global Transport Investments Inc.”
SkyWay claim that this company owns the ‘intellectual property’ of SkyWay (which they value so highly). This company in turn owns shell companies like “SkyWay Capital Ltd.” and “First Skyway Invest Group Limited” which are registered in Saint Lucia (another tax-haven) and which function as fundraisers. But all these companies are actually centralized at an office complex in Minsk, Belarus.
Thanks to Pedro for the interesting Business Insider Italia reference which clears up a lot of these facts.
See this reference also for information about the sale of “Education Investment Packages” which would help customers “learn while they earn”. You can read a translation of the article on the Wikipedia SkyWay Group talk page.
The Italian regulatory agency CONSOB actually banned the sale of this dubious investment product in February 2018 because customers unwittingly ended up with gift certificates for shares for another SkyWay company.
This was an early attempt to circumvent the regulation that had resulted in countries like Lithuania, New Zealand and Belgium warning the public about the illegal sale of shares.
In light of this, Cryptcurrencies indeed appear like the logical next step for a company with a history of selling worthless investment products.
According to the SkyWay website they started selling CryptoUnits in March or April 2019.
Are there any other non self-published resources about this particular investment product? Or confirmation about which shell company is actually selling them?
Also anyone have information on the ‘International Slovak Peace Prize’ Yunitskiy claims to have received on 11 December 2018 at an event in Bratislava.
Read about it here: skyway.capital/news/new?id=329.
The event was held by an organisation called “Informal Economic forum Economic club” (‘hospardarskyklub’) which was apparently started in 1993. There is surprisingly little information about the significance of this organisation.
I’ve found something here:
Yes, Yunitskyi is on the list as nominee in the internet popularity poll called “Mierova cena zo Slovenska 2015” (Peace Prize from Slovakia for the Year 2015) for the year 2018.
I have not found the official list of the current winners. The poll is organised by next-to-unknown society “Hospodársky klub – neformálné ekonomické forum” (Economic Club – Informal Economic forum).
I think the lack of the official published results of this poll on the web site by the organiser is rather significant… so as the used web “design” (putting you right back into 1993 when this society was established).
But you can check current status of the poll:
IMHO – current poll status seems to show how heavily manipulated this poll is.
Also check the short clip (time 0:20) from the ceremony on SW news page:
about 30 people in auditorium (including Yunitskiy and his companion).
Ceremony spokesman was not able to pronounce the name of the SkyWay company correctly (he said: [Skiwaj] and he’s got troubles to pronounce Yunitskiy’s name.
Yes, it is. Probably because this organisation is not significant as much as it sounds from its name. ;-). Also check the list of nominees in their polls – it’s rather obscure, rather controversial and rather promiscuous (form political viewpoint). I reallu don’t know who and how selects the nominees.
BTW, Yunitskyi’s PR team is very good in joining the events giving a publicity and a legality to SkyWay by association (expos, award winning ceremonies, meetings with politicians, signing Memorandums of understanding…).
I found more information about the mechanism of the poll organised by “Hospodarsky klub”.
According to rules published down on the page nolink://hospodarskyklub.sk/?ankety2018
The poll seems to be very transparent and proofed against manipulation, even at the stage of the candidates nomination! 😉 😉 :nudge: :nudge:
And what about voting? See the notice above the poll results
Note: these results from 11th June precedes the date of official nominees selection:
According to published rules, poll shall last up to 31 December 2018.
Here is a page for internet voting:
See? No registration. Anyone can cast a vote. Even multiple times. No wonder the voting process was subject of “hackers activities”.
Official announcement of the poll was planned on 31 March 2019, but video from awarding ceremony was published on SkyWay web on 9 January 2019.
Anyway: if you want to give someone noble award, try to sign him in this “2015 Peace Prize from Slovakia”. You’ve got a nice chance to rule the nomination and win in voting process!
Thanks so much Mr Czech! I Checked also the strange list of nominees for this prize:
1. George Soros
2.Si Ťin pching
3.Gen. Charles de Gaulle in memoriam
4.CBS – Warner Bros Television, USA
5.Sergey Anisimov 6.Gunter Verheugen
7.Magazín Lidé a Země a jeho šéfredaktorka Lenka
8.Anatolij Eduardovič Junitskij etc.
How can a dead politician vote hor nomination? I think it’s just an uncredited prize they use to legitimate each other and that they pay to be members.
Skyway has also received a ‘Golden Chariot’ prize that is inrecognized by the transport/infrastrucuture industry and is has as SkyWay its main funder.
Thanks for this great research I’ll check it later in more detail.
Yes, as I said, the participants list is “obscure, controversial and promiscuous”.
Same applies for nominees in other polls organised by “Hospodársky klub”. 😉
Yes, I know. Same kind of a comedy.
The ‘Golden Chariot’ ceremony was bundled with the conference of “International Finance and Banking forum of countries from Europe and Commonwealth of Independent States (=Russia)”.
In fact, this conference was attended mostly by Czech and Russian politicians and professionals.
From the Czech side – there were quite important faces (minster of industry and trade, chairman of Czech Energetic Regulatory Commission etc.).
So I do not say that this event was marginal.
Event was supported by Czech president Miloš Zeman (but he was not there).
‘Golden Chariot’ ceremony was held at the end of second day of the event, during the late evening banquet (IMHO added as a kind of “entertainment”, “relax” or “chill out” after long day full of lectures and negotiations).
Some SkyWay affiliates presented the event this way: “Author of the idea was awarded in Prague in Vladislav’s Hall in the presence of Czech president.” Utterly false.
Note: Vladislav’s Hall is luxury and exclusive representative hall within Prague Castle, and is (rarely) used for exclusive ceremonies of top importance, mostly related to (or conducted by) Czech president.
– In fact, the event was held in the hotel conference room – in Hotel Ambassador Zlatá Husa (well, it is still expensive and luxury place).
– Czech president Miloš Zeman was not there. He was a formal patron of the whole conference. And he was not responsible for giving award to SkyWay.
On the contrary – he was one of the recipients of the award (but don’t ask me why).
– Awarded was a company SkyWay Technologies (not “Author of the idea”).
So many lies and misinterpretations in such a short sentence!
SkyWay was general sponsor of ‘Golden Chariot’ award and ceremony in the time, when company SkyWay Technologies was awarded. See
SkyWay still has advertising banner on ‘Golden Chariot’ web site
But for unknown reasons, mention about SkyWay is not on the winners list announced in 2017 in Czech Republic (as I remember, it was there before)
You can nominate your own favorite for ‘Golden Chariot’ award:
Thanks for the interesting background information.
I think we can assume the ‘Hospardarskyklub’ and the transport award organizations are largely unknown and are being used to create an aura of legitimacy around a pretty insidious investment fraud.
See the Geldthemen.de article (nolink://www.geldthemen.de/geldanlage-kapitalanlage/skyway-capital-transport-award/) for information on the ‘Transport Award’ organization which promotes the Golden Chariot.
The company that registered the domain name is called “Ascio Technologies, Inc. Denmark – Filial af Ascio technologies, Inc. USA”. Where is this company registered? Moscow.
Geldthemen.de come to this conclusion:
I hereby nominate Mr Czech for Golden Chariot and Oz for the Slovak peace prize.
Surely if you can nominate a dead politician (or Yunitskiy), I could nominate you if I wanted!
WOW! Zachar Laskewicz – I am flattered!!!
Great site! – however one technical observation if you dont mind, you pointed out that SW put out a youtube entitled ‘why SKyway is not a ponzi scheme’ and actually it is not, the reason is that in a true Ponzi the early investors have an escape route in other words they can sell their ‘investment’ and all but the most recent participants will lose their money.
Skyway investors will have no such luck as none of them will ever see their money again, although they will receive the esteemed honour and privilege of an invitation to send additional funds down the one -way street to Yutinoski’s personal bank account.
Imagine a good fiction novel of 250 pages, you pick it up to read and each page is completely blank, only the final page contains printed type which reads ‘it was reported on the main news channel in Belarus that the founder and controller of Skyway and all its myriad of subsidiaries, shells and spin-off webs of deceit has died, and the plug has been pulled on all the bogus fantasy websites and wild investment schemes.’
The so called investors or to put it less politely ‘gullible mugs’ were left wondering if they would ever see their money again and who would now take control. Five years later they were still wondering, ditto ten years and so on.
The point about the book is that it does not matter what wonderful elaborate fiction you may write on those blank pages, the final page remains the same.
(btw -when his death is ‘announced’ he wont truly be dead)
It seems phenomenal too that as of yesterday SkyWay is still promoting investment on its website by claiming that it has 164 billion dollars in pre-order ‘contracts’. These spurious claims are not just empty investment promises.
There is absolutely no evidence they have signed a pre-order contract anywhere (although they seem to have signed MoUs, which has been pointed out to me here, are not actually legally-binding contracts).
This is what SkyWay claims about itself:
I’m currently looking for articles which question or help explain these claims, the sale of cryptocurrencies, or the validity of crowdfunding with CLNs.
Sell it to who?
Subsequent investors. That’s classic Ponzi flow of money – which results in
Has Skyway moved on from the Dubai nonsense already? Geez, that was fast.
@John Casey – The SkyWay marketing machine has been mythologizing the role of Anatoly Yunitskiy for a long time now and the company has been aiming at small investors by pitching Yunitskiy as a misunderstood genius who urgently needs funding to save the planet.
Because he has surrounded himself with an aura of legitimacy I imagine that the myth-making machine based in Belarus will be able to keep on pumping out the same old set of lies about the technology which is just about to break into the market so that the company can ‘go public’ and the investors will finally be able to convert their notes into the extremely lucrative and discounted shares they were promised when they lent money to the company.
Although this is highly unlikely to ever happen, the actual existence of Yunitskiy could become irrelevant. His wife Kosareva is already a large shareholder in the companies and there is undoubtedly a line of succession who already own parts of the company.
There are engineers already employed who could supposedly continue his devoted insistence in an unsupported and unsafe technology to dupe small-scale investors who unfortunately still don’t know any better.
The question is: which legal authorities will be able to stop them in their activity which is clearly fraudulent, i.e. the sale of ‘cryptocurrencies’ which promises monthy dividends (something cryptocurrencies clearly can’t do)?
They managed to stop OneCoin which followed a similar path. To this day, however, the company is still active and Yunitskiy is still alive: he gave a lecture in May 2019 in Hanoi, Vietnam!
@Oz – Dubai is still the centre of their operations but they haven’t actually built anything in Sharjah yet.
There’s nothing to stop them, however, from building something there as it is evidently important to the people who do believe in what they’ve invested in to have something to pitch their hopes to and I imagine they’ve collected enough money to keep the whole publicity machine active.
They’ve been making these outrageous claims about the preliminary contracts for awhile now. I just found it hard to believe that they were still making these claims as the pre-order contracts are entirely fictional (London-Moscow-Tokyo: who seriously believes this utter nonsense), but they keep on posting these claims across the internet.
I suppose that when you’ve got partial legitimacy with places like EcoTechnoPark it may make the obvious nonsense appear more palatable to the extremely gullible.
They have received land pre-allocated to them at a campus in Sharjah, and they can and have the actual finances to build something there.
Hopefully it will be provable lies like the cryptocurrencies that causes the house of cards to fall in on itself.
In March 2019 SkyWay released a promotion film they actually called IS SKYWAY A PONZI SCHEME? and it opens with the line “Is Skyway a pyramid or not?”.
You can view it via their websites (nolink://rsw-systems.com/news/skyway-economy or directly on YouTube (nolink://www.youtube.com/watch?v=9fU2FpMxj-g).
Why on earth would they go to this trouble? I can only assume because a lot of investors are beginning to wonder why they haven’t made a cent and there are growing voices suggesting that this company is a pyramid scheme (registribution of funds to affiliate investors who have been encouraged to invest by the already duped) and the company is self-confessed MLM.
I mention this because I haven’t actually seen on any of the threads references to the actual film yet apart from its introduction by John Casey above.
I am trying to find out if the NSW or Australian government have issued anything about The group operating in Sydney? They are running seminars and promoting crypto units …..
I can see New Zealand and other countries have issued warnings but I can’t see anything about Skyway investment group Australia being issued by NSW fair trading or anyone else.
Can you help?
ASIC asleep at the wheel as usual.
Expect a press-release in ten to fifteen years if you’re lucky. ASIC is unlikely to do anything beyond that.
@Sasha – I also find it curious that Australia hasn’t done anything about SkyWay.
Recent motivated sales meetings have been documented all around Australia. A Sky Way Invest Group (SWIG) meeting was recently held in Maylands, Perth on 29 March which involved explanation of the new cryptocurrency:
SWIG CryptoUnit… No More Confusion!
ANDREW HAWKES will present the full explanation and confirm the exact details presented by Andrey Khovratov…
Khovratov is a SkyWay Executive who has been involved for years in network marketing. He sued journalists in Samara (unsuccessfully) because of criticism they posted about a SkyWay telemarketing campaign and he threatened journalists in his native Sevastopol for similar questioning of the dubious financing his company was using to recruit investors.
Why hasn’t Australia responded like other countries? Probably because of Rod Hook, a respected state transport government official who got fired but then began working as an infrastructure consultant for SkyWay.
He started the company “SkyWay Transport Australia” and tried for years to spruik the technology in Australia. He was unsuccessful (and the company moved its operations to the UAE), but having someone with such a reputation behind the company would help explain why the Australian government haven’t released a warning.
New Zealand and Belgium, however, have released warnings but they’re still holding motivated sales and recruitment meetings in these countries (events in Antwerp and Brussels in April and May 2019).
They go on promoting investment in spite of the warnings, so the question that remains is: how much would a financial regulatory warning actually help. Not a lot.
This company has to be stopped for the illegal marketing of pre-IPO shares, making false claims about non-existent contracts, the inflation of the value of its intellectual property and the sale of ‘cryptocurrencies’.
The regulatory warnings aren’t really helping.
So who is this Andrew Hawkes person then?
Andrew Hawkes is according to himself a ‘Country Representative’ for Skyway in Australia. He lives In QLD (and has a rumoured reputation of past involvement with fraudulent activity there).
It appears he is running the marketing and the seminar recruitment there and someone called Neil Morrison in New Zealand (where they are still actively recruiting with seminars despite the warnings) does the same there.
He posts very comical and cult like ‘it’s not a scam’ defensive posts on his public Facebook, along with aggressive personal attacks, on any independent review of skyway on financial websites that dare question its legitimacy.
Obviously got to defend it hard to keep that gravy train coming from his massively deluded and gullible downline.
Shocking really that the Australian authorities aren’t even trying to contain this by issuing a warming.
I know people involved in the MLM, who are blinded by it and won’t believe it’s Ponzi, but if a warning was issued in their home country it could at least stall the recruitment somewhat. It’s at cult like status in Australia.
@Roslyn – thanks so much for your interesting post on Andrew Hawkes (Australia) and Neil Morrison (New Zealand) and the lack of regulatory warnings in Australia.
The ASIC could start by at least sharing any of the warnings issued by other countries as, for example, the Netherlands has done with the FSMA warning.
Despite the discussions such warnings evoke in the press, the SkyWay Group are still convincing small investors to part with their money.
In Belgium the FSMA rereleased their regulatory warning on 17 May 2019 after receiving more complaints from the Belgian public about the activities of these companies. Still new motivated sales and recruitment meetings took place in Antwerp and Brussels in April and May this year.
It seems that people turn to Wikipedia to get a balanced view of what SkyWay actually is.
My Belgian friends who lost money to SkyWay Capital last year after attending such meetings were actually misled by misinformation published about the technology on Wikipedia and for this reason, I’ve been active following discussion threads and published articles around the world attempting to represent what regulatory agencies and verified sources are saying about this company and balance the views of third parties who have either invested in SkyWay or work at the central office in Belarus, actively and regularly publishing misinformed or biased articles on the English Wikipedia SkyWay Group article or talk page.
I also helped translate the English article into Dutch to help inform the Dutch-speaking public about what published, verified articles have to say about the activities of SkyWay companies around the world.
It’s genuinely hard to dissect the verified articles from the self-published promotion because there is so much of it in so many different languages.
Based on what I’ve learned from this discussion about the recent activities of SkyWay I’ve attempted to argue that the bloated self-valuation of the company at 400 hundred billion US dollars does not justify the promises offered by companies like SkyWay Capital and SWIG which are offering ‘pre-IPO’ shares in the form of ‘gift certificates’, ‘promissory notes’ or CLNs.
Even if SkyWay is successful in the future, the investment products currently being offered are unregistered. In no country where it is active has any company in the SkyWay Group published the prospectus necessary to sell securities to the general public. This means that the companies raising funds for the SkyWay Group are engaging in financial fraud.
To argue against the inclusion of texts in the Wikipedia article SkyWay Group, recent apologists for SkyWay are using the article published by a Moscow consultancy firm which they claim is somehow independent and justifies the inflated value SkyWay attaches to its intellectual property and on which it bases the value of its pre-IPO investment products.
It has to be seen to be believed: nolink://www.yunitskiy.com/author/2013/2013_31.pdf.
Anatoly Yunitskiy, the inventor of the technology and the head of the SkyWay Empire, unsuccessfully sued the popular news portal Onliner.by who wrote articles critical of the questionable SkyWay investment schemes collecting money in offshore locations.
I translated the following text from the article “I leech from financial pyramids…” published on 17 September 2017 about this ‘independent’ assessment of the value of SkyWay’s intellectual property
While some people call MLMs in general “pyramid selling” others use the term to denote an illegal pyramid scheme masquerading as an MLM. In inventing a new name for its investment like this SkyWay and its apologists are doing exactly this.
Regulatory agencies have warned the public that that SkyWay could be a scam and that it has the characteristics of a pyramid scheme. They don’t actually accuse it of being an MLM company. Confusing the activities of SkyWay with an MLM company is just misleading.
Furthermore I have found no proof that SkyWay has registered the securities it is selling. And to repeat it here: convertible bonds, CLNs, gift certificates and promissory loan notes (all different names which are given to the pre-IPO shares sold by SkyWay depending on where you look) are all registered securities that require the company to have published a prospectus with the financial regulatory agency in the country in which the company is selling its investment products.
The evidence is clear: SkyWay is illegally selling investment products as part of an elaborate financial pyramid scheme where investors are rewarded for roping in other investors.
They have not registered anywhere to sell these investment products and are therefore committing financial fraud.
They may use some of these funds for an uncertified demonstration park in Belarus but this is all part of the scam to provide the project with an aura of legitimacy.
Thank you Zachar for all your tireless work on Wikipedia. I’m sure it’s thankless and frustrating, but it is great someone is trying to balance the obvious company proganda and provide some real facts for people trying to research.
I began looking into this company after my relatives in New Zealand and then later my friends in Australia, became involved and I was getting pressure from all to invest, it became immediately clear to me that this was nothing more than a shady recruiting Ponzi.
Any company that has to release a video explaining why they aren’t a Ponzi should set alarm bells ringing to any semi financially literate person, but like most MLM’s they preach to the gullible and vulnerable with promises of wealth and escaping 9-5 jobs.
It is sad to see people I love going down this path and being brainwashed.
I see their social media posts and have repeatedly emailed reported the recruitment seminars that are taking place in NZ that I see shared on social media to the relevant NZ authorities to which I am told ‘there is a warning in place, what more do you want from us?’
Australia is more difficult to report it too, as I believe they will only listen if you personally have been affected by loss of funds (which I haven’t).
My father was recently paid some kind of monthly ‘CRU loyalty payment’? Which I believe is related to the cryptocurrency which only further ignited his passion and belief in the (imaginary) project.
I’ve been told by someone who experienced it SWIG also promote the selling of these ‘shares’ to underage minors and you can somehow sign minors underneath you in the pyramid in the form of ‘gift shares’ or similar.
Incredible that people believe this could be genuine.
On social media it seems they are currently actively recruiting in India and South Africa also.
@Roslyn – I’m really sorry to hear that you know people personally who have been financially disadvantaged by the activities of SkyWay.
It’s enormously heartening to learn, however, that there are people who have not only paid attention to but gained insight from the research I’ve done on this company and posted to the Wikipedia article and talk page (your only reward there is personal attacks and criticism from people who are paid to post misinformation).
@Roslyn – it sounds really awful and frustrating to know that someone you care for has been hoodwinked into investing in a complex financial scam and not being able to do anything about it.
Although this will probably bring you absolutely no consolation, being believed is not much fun either.
The emotional reactions to me telling my friend about the true nature of their investment was palpably awful: shock, horror, anger, disbelief and afterwards resentment.
But at least it’s over for him. I truly wish you courage and strength with this.
Thanks to your post I did further research on recruitment meetings in South Africa and I’m currently investigating the ‘CRU loyalty payments’ which seems an insidious way to get people to keep believing in something.
It’s unfortunate that bait like this works but I can understand how much easier it would be to do this than to come to the realisation that you’ve made an awful and probably irrevocable mistake.
I can absolutely understand why this may be a preferable option for some people.
Roslyn’s post has also helped me realise something that may provide some consolation to others who are dealing with this.
People who lose money to something like scientology are required to invest an enormous amount of money in a belief system which is actually a thousand time less plausible than SkyWay. But they do it nonetheless.
It seems to my that if you’re willing to pay to believe in something,you do it is because you want to have atype of unquestioned belief.
So scientologists are ot going to live out their billion years contrats and SkyWay invstors will never earnmuch, but what they’re really paying for is belief and hope.
Of the belief they have in ‘saving the planet’ or ‘company owner or whichever particular SkyWay ethos they accept. It’s more a life choice as it is a financial one;
Thank you Zachar for your encouragement and mostly for your amazing efforts toward ensuring other victims have an opposing view to research from all the biased propaganda available all over the internet.
It is so commendable and please don’t give up!
I no longer associate with the family and friends involved in this as due to the cult like status, they will cut people off when it becomes clear you are not investing under them and actively opposing their choice to do so. Such is life sometimes with loved ones in MLM’s (though as you rightly pointed out, to be a true MLM there must be a product to sell, obviously this has none).
It is laughable these scammers are trying to create a whole new category to describe their scam of ‘MLM crowdfunding’ or similar to explain the Ponzi and keep fresh investment coming in.
I do follow on social media and keep abreast of news through their posts and the shared posts of others involved in Skyway.
Some other seemingly notable names connected with promoting and organising recruitment seminars are Jordani Brookes (self described SWIG Australia Manager) who along with Neil Morrison (self described SWIG Director NZ) is pictured on much of the promotional material for these events in both these countries (along with Andrew Hawkes).
I’ve compiled some other names of possible prominent figureheads (who I presume are close to ground zero in their respective countries or at very least promoters with titles like ‘leader’ or ‘manager’ or perhaps in charge of design/graphics for promotional material etc), Most of whom have various shell companies of SWIG like GTI or Global Transnet Ltd etc listed to their names.
Along with promoting and organising recruitment, you may recognise some of these names trolling websites and blogs with disputing comments and personal attacks towards any who shed any opposing information about the activities of these companies to protect their funds coming in. A
nete Martinsone -UK, Abdul Rehman Naikzad – Pakistan, Nguyen Dang Dong -Vietnam, Tali Amondo- Belgium, Olanrewaju Enolia -Nigeria, (Gwicana) Sinalo Axolile – South Africa, Valentin Sokolnikov – Russia, Martial Niyonzima- South Africa, Andrew Zharikov -Russia, Harin Arun – Malaysia, Alena Pepina -UK.
This is not an exhaustive list, simply a few who do appear highly connected on social media within the company and are often linked with each other to organise and present Skyway events and share the company information together.
Anyway unsure if this is of any use, but keep up the good work Zachar with trying to present facts to possible new victims.
@Roslyn – from what you tell us here it seems that ‘CRU loyalty payment’ which SWIG also refers to as ‘reward’ payments on their advertising in relation to the sale of CryptoUnits, are actually the financial rewards investors get for convincing others to invest.
It seems that your friends are family are certainly doing more than just investing, but are actively canvassing others and this could help explain the payment.
It would be interesting to know more about how they actually convinced the people you know to invest money in the first place. Around the world, this company uses different techniques including on street canvassing, paid advertising, telemarketing and internet marketing.
I became interested in New Zealand after they released their warning which goes so far as to say it could be a scam.
Around the same time the FMA was interviewed and although they didn’t mention SkyWay they warn the public about telephone marketing campaigns which are directed towards vulnerable people. But the FMA warning says SkyWay “are offering financial services to New Zealand residents via social media and via other New Zealand residents”.
You seem to be especially aware of the social media aspect of their canvassing. Unfortunately I’m not very well informed about this because social media lacks any verifiability for use in an article; we can only wait until a verified information portal publishes the work of an academic, an economist or a journalist.
I have absolutely no idea how they canvas in Australia as there are no published articles about it. Just about Rod Hook and his unsuccessful spruiking of the technology at Flinders University which was finally postponed indefinitely in August 2018.
In New Zealand I can’t find anything about it at all in the press and I was left asking myself: how do they convince people to invest since no one is pretending this tehnology will ever be built in New Zealand?
I think I’ll have to start paying more attention to the social media aspect as these could be the primary means for information dissemination in countries like Australia and New Zealand. It’s really the ideal means for them to present their exaggerations and lies.
I mean, maybe we know that the information that is published on social media is unreliable; but there’s another class of people who consider it more dependable than traditional forms of media and turn to it for just about everything.
And traditional media is beginning to be influenced by it to an alarming degree. The whole flurry of media attention that erupted in April after the Sheikh Mohammed ‘approved’ a SkyWay project in Dubai resulted from verbatim repetition of something he first communicated via a tweet; that was quickly forgotten after it reached the major newspapers.
The social media is currently however not mentioned at all in the ‘marketing’ discussion. I’m beginning to think it should be, but I suppose we’ll have to wait until someone comments on it in a verified reference.
If you’re going to ignore warnings from Belgium, the Czech Republic, Estonia, Germany, Greece, Italy, Lithuania, New Zealand and Slovakia you’re going to ignore a warning from your native country as well.
It’s not like all of these warnings are posted in a foreign language or that the German regulator is some clueless bureaucracy that can be ignored.
If even Estonia are calling you out as a scam your investors aren’t the sharpest tools in the box.
There is no particular urgency for the Australian regulator to bump this up their queue to save a few wannabe Australian scammers from losing their money in this scam so they can lose it in some other scam instead.
This is false. MLM stands for multi-level marketing – with or without a tangible product. The key to understanding ALL these scams is to know that the method never changes no matter the name of the company.
A company is a scam because they use that method. Easy peasy. There are other ways to scam of course, MLM-ing is just one method.
Exposing one MLMing company is helpful, but stops short of the complete education. MLM-ing is an inherently flawed method otherwise known as endless-chain recruiting.
MLM pyramid = scam with product; MLM Ponzi = scam without product. Both are using MLMing to perpetuate the scam by using its participants/willing-victims to recruit others.
This explanation is the short version. Please google Dr. Jon M. Taylor to understand completely.
Oh I’m sure they are canvassing people to join. Positive of it in fact, as I myself was approached to invest by them. I’m not surprised that the CRU payment could be in relation to recruitment commissions.
As with most ‘get rich quick’ schemes, Skyway sells the dream to people who are vulnerable to being brainwashed and not financially literate.
They specifically target people who are struggling, with the lure of these ‘educational packages’ promising futuristic wealth, this combined with the environmental factor, triggers people to feel like they are part of a ‘saving the planet’ movement and seems to be a real pull factor to this particular scam from what I’ve seen.
Obviously the backstory and cover ups from upline, help make participants believe in the projects as they are fairly elaborate. The upline has no qualms about actively seeking to discredit any negative option online (including Wikipedia) which makes it more difficult to get the truth through, to the more gullible among us.
I know people getting sucked in are continuing to participate despite the many regulatory warnings, however I would really like Australia to wake up and get on board with issuing a warning simply to have an official position and acknowledgment for its citizens, that this company is not registered and illegally offering shares.
People seeking truth in their home countries still need to be made aware, (as due to the many shell companies, warnings in other countries often get brushed off by their upline as ‘not related, different countries and companies’ etc.
This has been my experience when dealing with people within the fold). If it helps convince just a couple of possible participants and slow recruitment by any stretch, then that can only be a good thing.
Zachar, the majority of information is shared via social media in Australia and NZ as I understand. Recruiting and publicity for events is done via Facebook, Twitter, Instagram, you tube etc. Seminars are advertised to friends and friends of friends this way and through booking sites like: eventbrite.com.au/o/skyway-invest-group-asia-pacific.
They use emotive slogans like ‘just $50 to change your life’ and the usual endless #financialfreedom #dontmissout type hashtags to attract the serial MLM’ers and the gullible and vulnerable.
With regard to Rod Hook, yes he was apparently ‘sponsoring’ the proposed project at one stage with his personal business Rod Hook and associates.
There is also a youtube sales video out there, in which he claims to be a CEO for Skyway? and has claimed he’s lost no money and it is not a pyramid scheme in the media, so clearly he was involved in adding clout, legitimacy and media attention to the company, given his well regarded position in Australia.
@Char – As I understand it multi-level marketing is a marketing strategy for the sale of products or services where the revenue of the MLM company is derived from a non-salaried workforce selling the company’s products.
Amway and Herbalife are well-known exponents of this sales strategy. They are controversial because they encourage people to buy starter packages which they have to purchase first to buy into the franchise, and they are then encouraged to sell directly to friends and family.
They are also rewarded for finding other people to buy starter packages and invest in the project, hence the association with pyramid schemes. You say that companies are scams because they use this method; although this may be so, they are legal and still running, even if many companies like this have a controversial history.
It may be that this definition is too specific and the term ‘MLM’ should be more generally used to refer to the strategy where people rope in others to invest with or without products, but as a term it has attained the meaning to refer to a specific type of company that encourages people to make money from selling their products rather than the products themselves, which has caused much of the controversy such as the ruling forcing Herbaline to prove that 80 percent of its sales were to end customers and not distributors.
What I really need to know is: is SkyWay an MLM company or not in the basic understanding of this term. From my understanding of this term, it adopts some of the characteristics of an MLM company, but not enough for it to be called an MLM company.
It’s important that I get this right because I’m currently arguing for exclusion of SkyWay from a list of MLM companies. I’d hate to be participating in a discussion thread and not understand properly what I was referring to. Any advice appreciated.
@Malthusian – it may be so that the people who invest in scams are not the smartest people in the world but it’s a bit unfair to expect that everybody speaks and understands English who are never required to interact in this language in their daily life.
I have friends who speak German, Dutch AND French but who wouldn’t have been able to get anything from the Estonian or the Lithuanian warnings.
Although the FMA and FSMA warnings are fairly unambiguous in saying that SkyWay is a scam and they could lose their money, if you just read the Czech, Slovak or especially the German warnings you could easily get the wrong idea as the language is ambiguous and open to interpretation.
It does seem to be true, however, that even where these warnings are very firmly in place and the language is unambiguously critical, SkyWay is still flourishing apparently unhindered. But I can tell you one thing: it was much easier to convince my friends to stop investing in SkyWay because I could show it to them in Dutch.
The FMA warnings would mean comparatively little to nothing to them. And is there really a queue of companies jostling with each other awaiting the attention of Australian regulators, some more deserving of warnings than others?
Does the Australian financial regulatory agency have such a bad reputation for relative inaction? I’d genuinely like to know. You’d think if they are it wouldn’t really be something to be proud of.
Yeah, ASIC is a joke. Same tier as the Asian regulators who do nothing until ten years after a Ponzi has collapsed.
This may be true of some Asian regulators, but what happened in Indonesia is particularly interesting.
Although I suppose it’s old news now, maybe a discussion on what took place there is worthy of a separate thread because it is so indicative of a particular aspects of SkyWay’s fraudulent activities and what they are currently doing in the UAE, but it is different to the recent explosion on social media with new pre-IPO investment products, cryptounits and sales meetings.
SkyWay exhibited at the RailwayTech Expo in early 2017. They wasted no time afterwards signing dubious MoUs with government officials and universities all over Indonesia and using this to promote investment among locals.
Some of these negotiations were entirely fraudulent.
Indonesians, however, began to complain about the dubious investment products they were being sold and the OJK (Oritas Jasa Keuangan – Indonesian financial regulatory agency) were relatively quick in adding SkyWay to its list of prohibited companies.
In September 2018, the mother company in Belarus froze the activities of its subsidiary “PT Skyway Technologies Indonesia” to prevent further damage to their reputation (really to give them an exit strategy) and they moved on to their next destination, i.e. they took the money and ran.
This is an example where the financial regulatory agency resulted in the company halting its activities, and this process can be observed in Lithuania, India and Italy in almost the exact same pattern.
It is happening now in the United Arab Emirates.
Sounds like Indonesia has a functioning regulatory body then.
My experience is typically with Malaysia, South Korea, Vietnam and Thailand – which outside of the odd case are notably crap when it comes to timely regulation of scams.
Worse still when it comes to going after expat scammers operating freely within their jurisdictions.
Thanks to the contribution of users like Malthusian, Mr Czech, Oz and Roslyn my understanding of not only how this company is operating but the nature of the investment products they are selling and the complexity of a contemporary sales environment which involves the marketing of fraudulent securities.
I’ve included a text I wrote about SkyWay marketing below; the intention is to update the Wikipedia text to correctly inform people about the current practices adopted by this company.
The paragraph on SkyWay cryptocurrencies is what I need the most help with to ensure that the language is informative, succinct but most importantly, verifiable: if this company can be called out for applying their own meaning to a popular new buzzword, it has to be done in a way that everyday readers can understand but that is supported by reliable references.
At the moment, I’m only using SkyWay websites where they make these claims about their new cryptocurrency and this page where claims about their new investment product are disputed (I had two others but they were removed because of referencing unreliable crypto-sites).
It would be far better to end the paragraph with something like “according to existing literature on this subject, this investment product has [inherent problem x] and is therefore misleading/unsupported/fraudulent and is not a cryptocurrency”.
If you have any ideas about how any of this could be better worded to properly reflect the complex nature of the marketing practices used by this company, your advice would be appreciated.
@Roslyn – According to the SkyWay disclaimer potential SkyWay investors have to agree to before parting with their money Australians are not permitted to buy or sell SkyWay securities:
You can read this disclaimer here: rsw-systems.com/disclaimer
Further, they clearly state they have no intention of registering their securities in the US and it is illegal to sell their products in Russia.
Seeing that the SkyWay Invest Group is marketing its dubious investments products to Australians at sales and recruitment meetings and that in its own investment products it disclaims any obligations in this regard and furthermore recognises that this activity is illegal, I can’t see how the ACIS can justify continuing to ignore informing the public in an officially-sanctioned warning.
I have, in any case, updated the Wikipedia text with information about the increasing reliance of SkyWay on social media and I’ve used the FMA reference in this regard by way of a secondary source which mentions the New Zealand citizens were being approached via social media.
@zachar I don’t know if these below websites are appropriate to legitimately help as references? I’m guessing they aren’t registered therefore operating illegally?
@Roslyn – these could certainly help and it’s exactly what I requested: verifiable information about what a cryptocurrency is so it can be compared to what SkyWay is selling.
The problem is that SkyWay are good at making their language ambiguous and disclaiming any claims they make in their publicity in the small print.
From what I read, SkyWay’s CryptoUnits are not in any way comparable to a cryptocurrency. But if anyone made a claim like that in court they could just say, yes but we never said it was the same as a cryptocurrency, read in the disclaimer you signed which absolves us from any liability in your investment choices.
This is really what they have to say about it:
In other words, anything they say about their investment products they make up themselves, and for all intents and purposes the investors knew that anyway when they signed the investment agreement because it was in the small print.
The company “Euroasian Rail Skyway Systems Holding Limited” was registered in the British Virgin Islands in 2016. They were issued an ISSN.
Although this is the only company that has received an ISSN in the Skyway empire, this is still the company that other companies in the SkyWay group sell the shares of; it is this company’s name that comes up on the share certificates that are sold by SkyWay Group companies.
I’d like to know what an ISIN number actually permits a company registered in the British Virgin Islands to do.
It seems to me that as it is a limited company, even with this securities number the company would not be permitted to sell its shares to the general public.
In the ‘Memorandum of Incorporation’ of this company (limited by shares) it says specifically that shares can only be sold to qualified investors with the permission of the other shareholders.
You can view information about the company registration here: nolink://www.isin.org/isin-preview/?isin=VGG322291094
The SkyWay Group went on to found two more companies, namely “Euroasian Rail Skyway Systems Holding II Limited” in 2016 and “Euroasian Rail Skyway Systems Holding III Limited” in 2018.
The Greek SkyWay warning actually warns about the activity of the former. Why would SkyWay found these holding companies?
Surely they wouldn’t create a company just to sell imaginary shares? Or maybe that is precisely what they’d do.
Thanks on the beforehand for any advice.
You’re reading too much into it. BVI incorporation means nothing in terms of financial regulation. And as you surmized, has nothing to do with share offerings (virtual or otherwise).
BVI is a joke jurisdiction for scams. They use it to get shell company bank/merchant accounts etc.
There is no legitimate reason for an MLM company to incorporate there.
This is what I suspected. Thanks for clarifying this.
Sorry for the need for specification: an ISIN number issued in the BVI doesn’t actually mean anything on its own.
It’s just a reference number: having only this number means they probably can’t even sell their securities to BVI citizens, let alone other countries. To do this they need to register them and publish the required prospectus like the rest of the world.
An ISIN number just allows them to do things like open a bank account.
It means nothing outside of the BVI. Skyway Capital has no business operations in the BVI, nor does it solicit investment there.
So again, anything they do in BVI with shell companies is meaningless.
Skyway Capital is still a Ponzi scheme committing securities fraud in the jurisdictions they actually solicit investment in.
Thanks for the clarification OZ, I appreciate it!
In attempting to uncover information about how the SkyWay shell companies worked, I’ve uncovered a series of new claims about the SkyWay Group with a detailed explanation of how the SkyWay scam works.
I’m posting this information here for confirmation. If any of the claims are wrong, please let me know.
These articles claim however that Viktor Morozov is the primary unseen figure from the Belarusian underworld behind the crime syndicate.
It doesn’t vindicate Yunitskiy, however, who is equally involved in the whole scam according to this source which explains the locations in London in the UK and the offshore locations.
A detailed map of the whole scam operation is viewable here: nolink://victormorozov.org/wp-content/uploads/2018/02/skyway-crime-sheme.pdf
This is just a selection of highlights from the article. Any confirmation of this appreciated. “Yunitskiy’s Skyway – bitcoin for morons”:
*SkyWay is not an advanced scientific program, but a Russian scam that existed long before the bitcoin epidemic.
*In the 80s Yunitskiy was a member of the USSR cosmonautics federation who was the co-author of theories relating to a space elevator designed to put people, cargo and nuclear weapons into space which remain unrealized and which the scientific world has remained silent about.
*After the collapse of the Soviet Union in the 90s Yunitskiy worked as a guard at a potato farm and developed his ideas about an alternative form of transport.
His ideas were not influenced by the scientific community because he did not have access to the internet, and was not aware of similar developments taking places in other parts of the world.
*Around the year 2000 he met Viktor Morozov who already had a reputation in extensive criminal activity in the region.
Morozov was looking for a global operation that could “serves as a base for rapid enrichment.” It was a marriage made in heaven: Morozov had found a utopian idea to exploit and a ‘mad scientist’ to represent it.
*This is how Morozov went to work. He founded a group of companies under the banner of the “IBC UniSky Corporation” which had a self-estimated value of $400 billion dollars.
The shares of this office began to be sold by a group of intermediary companies registered in the British Virgin Islands (e.g. GTI, ERSSH).
However, these shares are not sold directly, but via “a second group of agents registered in the UK” (e.g. SWIG).
The English intermediaries transfer the shares for sale to Russian companies controlled by Dmitry Schastlivy and Salim Miftakhutdinov.
*Russian companies transferred funds received from duped investors to England, who in turn sent it to the British Virgin Islands; thus Morozov had found a way to access funds from Russia abroad.
*Yunitskiy himself had “nothing but a great idea”; otherwise he would receive commercial loans to fund his projects. But real businessmen aren’t interested in projects connected to the known criminal Viktor Morozov and fronted by suspicious figures like swindlers and fraudsters Andrei Khovratov, Armands Murnieks and Evgeny Kudryashov.
Gullible investors at home, however, don’t know any better.
*It can be stated that SkyWay is the most powerful criminal internet pyramid since the infamous MMM of Mavrodi. It is the longest living scam in the modern criminal history of Russia.
*After the accumulation of an initial capital Morozov decided to aim at developing countries like India, Egypt and Pakistan.
Representatives from these countries were given financial incentives to attend the events at the SkyWay test site. The targeted infrastructure programs were “mired in corruption”.
All I can think of is thank god we can finally explain his weird ass potato analogy quote to explain away his Ponzi.
Sorry can’t be of any help confirming but it all seems extremely plausible and likely based on that potato connection alone haha
@Roslyn – That’s an enormously amusing observation. The next article I translated but have not yet posted anywhere comments further on potato farming, sale to farmers, corruption and internet scams:
This article also suggests that the ‘Panama Papers’ linked the figure heads Morozov and Yunitskiy through co-ownership of companies like GTI and ERSSH.
Although I read somewhere else that Yunitskiy and his companies were revealed in the ‘Mossack Fonsecca’ leaks, I’m afraid I haven’t been able to confirm this.
Another reference, however, links Morozov with SkyWay and another well-known Russian scam known as “Keshbery” which is also covered in the press.
Another one of the articles suggests that the concerted efforts the internet marketers are making to put the emphasis on ‘Yunitskiy’ as not only a misunderstood genius but as the sole figure-head of this scheme is part of a concerted marketing strategy.
The silent partners (Morozov and co) who have a vested interested in remaining silent are forming the groundword for a genuine exit strategy that keeps people’s attention away from the real money-makers who want to be able to make a graceful departure when the pyramid collapses.
If these claims are true, then they’re doing a very job of keeping Morozov’s name out of the press.
And it should be noted here, that these articles paint Yunitskiy as a hopeless drunk who is considered to be near death by his colleagues.
If you read the contents of the post from ‘john casey’ above you’d think that when Yunitskiy dies, the book will be finished, closed and nothing else can be done for the victims.
But even if Morozov is fictional, Yutnitskiy’s death will not mean the end of the story although there are clearly people who are attempting to paint themselves in a position where they will not be held accountable for their crimes, slinking off into the sunset with all the money.
Every figure-head mentioned in this new source (such as Dmitry Schastlivy and Salim Miftakhutdinov) can be confirmed to actually exist and are even mentioned on SkyWay sites.
If the intention was to black list an otherwise innocent Victor Morozov they’ve gone to a lot of painstaking research to do it, implicating a whole lot of other people who are very much involved in the complex scam.
Thank you Zachar. This really interesting background information. It seems very plausible and gave a lot of insight and missing pieces that I wasn’t aware of.
I had no idea it has been going on that long or to what extent it went.
I read the whole articles from your Wikipedia page contribution, it really is mind blowing the efforts they have gone to publicity wise to keep the gravy train running, building of the eco park and the amount of work creating the figurehead of Yunitskiy into someone academic and credible.
Interesting about the parties and conferences too, being something they will spare no expense on, to attract further investment (according to Facebook they just had big smooze event for 350 top performing high in the pyramid at the eco park (the names I’ve previously mentioned).
I presume this is nothing new in the world of pyramid marketing, but I was wondering, (sorry for my ignorance as this is all truly new to me), but would these people high up attending such conferences (the so called ‘directors of Australia’ etc) be in on these facts and aware they are actively duping others when there is no project, or are they just gullible victims (like those lower in pyramid) but who have invested a significant amount of money and simply brought their ‘director’ status in the company (and actively recruited others) with the genuine mis belief this is a very real project?
I just wondered as the people I know within the pyramid try to recruit, but they genuinely believe with all their heart it is a real project. I kind of wondered where the buck stops with the integrity of their upline if that makes sense?
This part below is exactly the trouble I face when trying to talk to people involved about this scam. They genuinely believe it to be real and won’t consider even reading material such as this to convince them otherwise. (Yes I know, I associate with idiots. Haha)
‘These investors don’t know, for example, that Yunitskiy was unable to defend his PhD thesis and that he “bought the title of an academic”.
They couldn’t, however, buy the respect of the “Russian Academy of Sciences”; they spent their money instead on the “Russian Academy of Environment Sciences” (RAEN) which is known for selling its positions to people who have no education that peddle pseudoscience.
His scientific articles are filled with unverified nonsense that looks scientific to people who don’t know any better but that have been ignored by the scientific world.’
UAE project have postponed according to Sky Way news
Scamspeak translation: Regulators started asking questions, the person/people we were bribing asked for more and/or we found a cheaper country to sign some new bullshit agreements with.
Skyway Capital has been a Ponzi scheme from day 1. They’re never going to build transport beyond mock ups to dupe investors with.
@Roslyn – I’ve actually translated the rest of the articles and was sort of expecting a barrage of reactions, abuse and personal attacks.
I haven’t had any so I think I should continue posting them.
If this information turns out to be even partly true then it will certainly change the article as it brings the focus far more clearly into the area of fraud, financial crime and legal action by a dedicated staff of criminals spread around the world.
I think we should start discussions of the most important figure-heads in the organisation with people at the top of the pyramid: Khovratov, Kudriashov, Schastlivy, Yunitskiy, Movra – but also figures like Andrew Hawkes and Neil Morrison who have been active organizing events, or extremely loud people who make pseudo-science or hot air arguments on social media like Chris Schuster in Germany.
I think they are the type of complete believers who have visited the EcoTechnoPark and who have the most vested interest in finding new people to invest as it will mean they actually make some money.
High up in the pyramid but perhaps not high enough to understand the full extent of the fraud they are participating in.
Whether or not they actually believe in it or they just appear so passtionate to attract other people so they can start to get money back is actually irrelevant. They’re ultimately being duped either way.
The thing I don’t know is whether they actually have paid positions or not.
The higher you are on the pyramid, the more money you get back from roping in other investors, so extremely vocal figure-heads like Andrew Hawkes is understandable.
Of course people like Yunitskiy and the other travelling ‘business experts’ must be duplicitous and aware of the details of the scam, and the articles I’ll publish explain this duplicity in more detail.
Not necessary. This announcement is about project in Sharjah – merely Skyway’s “private” showcase and literally sandbox.
They’ve bought the land in desert on which they are trying to construct their own private “innovation and technological center”.
I guess, only regulation they face to are safety standards for construction workers in this case. 😉
This is probably the case. 😉
Last mention I’ve found on Dubai’s RTA (Roads and Transport Authority) site about Skyway project is from May 6th (only re-published CGI video from Skyway featuring futuristic transport line, no comment from RTA authority).
I see two purposes of Skyway’s activities and presence in UAE:
1) This is the way how to milk investors in UAE region which are not aware (due to the language barrier) of SkyWay project history (short distance run – I guess at least RTA already did basic calculation revealing unrealistic claims about their transport line capacity, and the support of the project from RTA side is silently abandoned).
2) Presenting UAE preliminary activities and press releases as a success showcase to investors in other countries to keep them investing and hoping (merely PR and image making).
@Roslyn – don’t be too hard on yourself.
Just remember that even if SkyWay may seem an evident scam to an outsider with inside information not shared widely, it’s still infinitely more plausible than an actual cult like scientology which require far higher investment to participate.
I’d choose paying for an imaginary green technology and saving the planet any day over believing that there are hundreds of alien spirits attached to my body that I could only remove by paying lots of money to a church!
@Mr Czech – I think you’re right. They have a vested interest in keeping potential investors interested in their projects but they were forced however to post something about the Sharjah project because they promised that construction would have started in the April-May period of 2019.
I haven’t found any proof that they are canvassing among local investors in the UAE but I’d be certainly interested in finding out how they are doing this.
You’d think with the approval of the RTA and the unquestioned authority of Sheikh Mohammed, this would be a great potential market for their fraudulent activity.
Maybe they’ve started a telemarketing campaign? Please post anything you find.
Recent SkyWay sales and recruitment events held in Nigeria, the Netherlands, Australia, New Zealand, Belgium and Vietnam (as documented in advertising at least) refer specifically to both the exciting developments at the Sharjah Innovation Centre test sites and the remarkable new CRUs now available (for a limited time only) to investors.
All they need to encourage investors is photos of Yunitskiy at a construction site in the desert and then a complex set of reasons for the building to be postponed. They promise, however, that the next date will be ‘unequivocal and final’:
“In order not to create informational reasons, the SkyWay management decided not to announce a new launch date for the Centre right now, but with taking all the preparatory work into the account, the next date will be unequivocal and final. ”
They obviously need to ‘string’ this out as long as they possibly can before being forced to move onto their next desitination.
I haven’t been able to find any information about who they’re currently negoatiating with.
Therein lies the difference between a con game and straight up theft like burglary and robbery.
In a con game, the victim willingly participates believing it to be genuine. What especially sucks with the MLM con game is, the victim actively recruits others into the scheme profiting becoming a perp as well.
And let’s not forget the adage, “It’s Easier to Fool People Than to Convince Them That They Have Been Fooled.”
Thank you for the clarification Zachar, that was helpful. I was just curious as to whether some of these top promoters take a wage from Skyway as well as from the people they recruit.
I see the same group of people on promotional material, who attend special training courses with the ‘CEO of Skyway’ and call themselves ‘Master profi graduates’ (obviously some kind of made up Skyway qualification).
These same people promote all over social media on all different pages and appear to all be from different countries.
They organise events, seminars and even liaise with governments – below is a post from one such person from the uk Anete Martinsone-
It appears to me they are lining up Africa next to target with big events and seminars planned this month in Ethiopia, Uganda, Ghana and Nigeria.
Appears by the marketing that even Yunitskiy will be rolled out to present at these as well as the usual regular high ups.
The majority of marketing and recruitment is done via social media here in Australia and NZ anyway. They seem to advertise the actual seminars that way to get foot traffic to those to really sell it.
They all use targeted Facebook network marketing and advertising on key words, so Skyway comes up in sponsored ads for people who may have google searched something like ‘how to make money online’ or ‘investing’ or ‘wealth’ etc.
Zachar I also just wanted to tell you again, well done on the work on the Wikipedia page, it’s really helping warn potential victims.
On social media articles about the new supposed Ethiopian project some people are saying in the comments ‘check the Wikipedia on this company! It’s a fraud’ etc. The message is getting through!
@Roslyn – Facebook would be a perfect tool for this criminal organisation and it actually makes painful sense of their whole marketing strategy.
The articles I’ve recently translated have a lot of detailed information about the telemarketing campaigns that were held to attack vulnerable people who had already fell for the notorious MMM scam in Russia.
The underworld apparently traded in databases containing personal information about scam victims. There were boiler rooms full of people who worked without breaks or days off constantly harassing these people until they invested in SkyWay.
When Facebook came around and did all this work for them, they must’ve been elated when they were able to lay off boiler room staff and allow the users themselves to provide them with information they used to have pay for on the black market.
Facebook frankly upsets me the more I learn about it can help explain why I avoid even looking at it because I find it’s targeted marketing so frightening and its potential for abuse so terrifying. I’m glad that you provided me with this information and helped me make these conclusions about the social media.
I added the third article and am still expecting people to say something because the claims are so shocking. But if they’re not true why is no one commenting?
Thanks for the information on the extension of their operations into Africa. I recently added Ethiopia to the list of countries where recruitment and sales meetings were held but that was on the basis of a single article.
It’s pretty shocking that they are targeting developing countries and that they fully intend to canvas among locals. They have no intention of even pretending to build a ‘string road’ in these places.
Just read the history I wrote of the company “PT Skyway Technologies Indonesia” to be shocked about that. We can just hope that their regulatory agencies will step in to protect their citizens soon.
Without a doubt they’re paying their managers, especially those who travel from country to country making presentations. According to user Dron007/Robin who’s posted to these discussions, Yunitskiy is paid 12,000 dollars a week.
I’m interested to find out if they’re targeting people in the UAE via social media. I haven’t been able to find information about recruitment and sales meetings held there yet.
I haven’t found any information regarding recruitment in the UAE. There is nothing obvious on social media besides the gloating about the project (and most countries involved have their own specific skyway page) so that kind of suggests to me they don’t recruit that way there.
Another way they promote events and sell tickets is the site Eventbrite.com (described as the world’s largest event site powering millions of events in 180+ countries and territories). Yes sell.
If I understand correctly they seem to have the audacity to charge potential recruits to attend some of these seminars, I guess they’re the ones that offer the ‘free IPO shares’ or ‘education packages’ or something.
They also charge the people already in the pyramid to watch live feeds from some events via social media.
I came across this posted from 2 weeks ago. They have a petition in place ‘against lies and slander’.
@Roslyn – This isn’t the first ‘open letter’ from Yunitskiy about the unjust treatment of his wonder technology.
I translated the open letter directed to the editor of ‘Onliner.by’ who they unsuccessfully sued for libel.
According to the most recent translation of the Victor Morozov articles, one of the companies under the control of Dmitry Schastlivy and family is dedicated purely to the creation of internet promotion to steer general public opinion towards a specific viewpoint.
I’m left wondering if Anatoly Yunitskiy has actually got anything at all to do with letters like this which serve a particular marketing function and aren’t actually directed at either Lukashenko or the companies that have unsuccessfully litigated against. It’s all about shifting public opinion.
Sad thing… this is not the first presence of SkyWay in Australia – see:
Well, their scam in 2008 (under the business name STU) seemed to be targeted primary on government and big business level than ordinary people and “small” investors. Anyway, it has ended with no real result.
They’ve announced the start of the construction works on spring-summer 2018 (as far as I remember) and started a bit later. April-May 2019 was originally announced date for a launch of the operation of the first transport line.
Here is more detailed announcement of this delay and the reasons behind (well, it’s only more bullshit and smokes and mirrors):
All current information I have about operations in UAE is either from SW web sites or from RTA. RTA so far have (re-)published articles mainly based on SW PR propaganda, not too much of the content on its own.
It seems that this tactic has worked for SkyWay. They enter countries through attracting the attention of government officials.
This STU source makes a similar suggestion “No Government Subsidies”; in other words they offer free marketing and feasibility studies which is actually promising material for politicians who (like the Mayor of Messina in Sicily) used it as part of their political platform.
Whatever happens, you can promote a new green technology; we’ll do all the work for you and it won’t cost your tax payers a thing!
Then SkyWay moves into the country and starts canvassing locals, using government support as a reason to justify further financing from small investors. It may be sad but it’s clearly a tactic that has worked for the company again and again.
They’re still active in Australia and they evidently have a strong base of committed believers in the project. The ASIC should really pull its finger out and do something about this.
This makes me think about a subject brought up in one of the recent translations of the Victor Morozov articles: what were the negotiations in the Czech Republic and Slovakia that resulted in their being warnings released in these countries?
At this time they picked up František Solar who has remained with the company and now pops up at international events around the world.
A Memorandum of Cooperation was signed with the Slovak University of Technology in Bratislave in 2016.
It seems they really signed some document as it is mentioned on the website of the SUoT. But what were they actually planning to do? Promote research? Build a SkyWay train somewhere?
This is probably what happened: they used their negotations as a photo opportunity for free publicity and then shamelessly exploited small investors in these countries.
This is probably the period they became acquainted witht the ‘Hosparadrsky Klub’ and invented nominated themselves for the otherwise unknown International Peace Prize.
After the regulatory warnings were released they distanced themselves from their activities in these countries and forgot about them.
There is, however, surprisingly little from the local press about recruitment meetings in either of these countries or any other type of canvassing. But they must have done something to warrant national financial regulatory agency warnings.
These dots need to be connected.
Agree. Looks like African countries people and governments are next targets.
Yes definitely active. What you said previously about Rod Hook makes sense to me, as I believe he’s still in a government position and has shares in Swig, It would be embarrassing for the Australian government to admit they were duped to the extent they were, so they appear to turn a blind eye.
I just thought another open letter was funny, as it’s obviously just another deception technique to discredit truth, shame that there are people out there still eating up this narrative and continuing to toss money away.
I read the latest article “Side companies” of the SkyWay Project (9 July 2018), interesting stuff.
I’m amazed there has not been more opposition to the articles posted (or are any of those posted, the articles they are trying to pass off as slander in the letter?)
These guys are now touting that their going on the NYSE and in compliance with the SEC in USA.
I need help validating this if there’s any truth to it- I have wonderful friends that have swallowed this entire scam hook, line and sinker….HELP!!!
@Roslyn – that was my thought exactly: users on the Wikipedia page have been complaining constantly about the slanderous blogs with exactly the type of language use in the letter you quoted, but I’ve been continually forced to ask “what blogs are you talking about”.
It was as if they were wildly accusing us of quoting this source before we’d actually found it.
The person who wrote it certainly knows the SkyWay case really well and although no one has questioned it yet, no one has confirmed it either.
I think Rod Hook was actually fired from his government job but it seems he had provided the country with exemplary service for many years as a minister of transport (or that is at least what the people who fired him said).
He’s exactly the wrong person to be involved with a complex financial pyramid scheme. But he still keeps refusing to say anything negative about Yunitskiy, explaining his leaving Australia for the UAE with the mild brush off “he maybe makes bad business decisions… but I haven’t lost a cent and there is nothing wrong with the technology”.
Saving face or SWIG shares? Actually, he was an ‘infrastructure consultant’ for SkyWay when they were negotiating, so he’s probably still being paid.
There’s no way he would have earned anything from being a ‘co-owner’ of the company as nobody has been documented making anything out of SkyWay which funnels its investments into private offshore accounts.
Yes true, he’s still recently appointed on the board of Infrastructure as of April though so it would be good if he could have completely denounced the pyramid at the time of his leaving (if indeed he has abandoned it), but I’m sure for obvious reasons it’s all been swept under the rug as it makes the government look foolish.
Exactly. This is “reputation & legality through association” approach. Yes, it works. They are good at it.
Memorandum of understanding (MoU) is here:
It’s very vague document with general claims only – here is the core of this Memorandum:
I’ve contacted (on February 2019) one of the Slovak Technical University officials and asked him about the status of current cooperation and ongoing projects. His reply was short and in nutshell:
“Nothing happens. It is conditioned by financing from subsidies, which were not granted (so far)”.
My source does not want to be publicly disclosed and connected with his reply (we can speculate why). Meanwhile… can guess whom I asked first about this MoU. 😉
Easy enough. Head over to the SEC’s Edgar database and run a search for “Skyway Capital”.
One result comes up, Skyway Capital Markets. That company is owned by Caymus Capital Holdings and has nothing to do with Skyway Capital the Russian Ponzi scheme.
If anyone tells you Skyway Capital is registered with the SEC. Ask for registration details (all publicly searchable), and find a filed document that references their MLM investment scheme.
Spoiler: It doesn’t exist.
@Oz – Skyway Capital and SWIG state fairly unambiguously in their discliamers that they have absolutely no intention to register their securities with the SEC.
WHAT?! The Australian government have taken Rod Hook back to work on an infrastructure committee after he worked so long with a Russian criminal promoting a technology based on pseudoscience that hasn’t been built, test let alone officially certified anywhere?
Seems to me he is almost certainly still be working for the company with his refusal to distance himself from the technology with the growing information that extsts.
How can someone like that who is clearly not unbiased be put ona national committee? What the hell’s going on there? I’m totally mystified by that one!
@Mr Czech – So their claimed intention in this document is to research together to develop SkyWay as a light rail transport system in Slovakia? And they used this document to attempt to get subsidies from the government?
And even with the regulatory warnings about this company, they are still waiting for these subsidies.
Maybe a text like this would be appropriate:
You’d think that after the regulatory warning they’d no longer seriously be expecting subsidies (if they ever really did). And the CNB warning was released in December 2016!
Why did they release this warning I wonder?
There’s a Wikipedia page in Czech which contains almost completely lies and propaganda about the SkyWay project, particularly misinformation about the negotiations in Lithuania (I translated it and tried to add some warnings to it about unreferenced material – even put is some references to facts that were actually true).
Thanks for your research! Nothing in newspapers about encounters between SkyWay and the public?
Apparently so Zachar!
I’m not sure what is going on there but pickings must be slim in that department, he’s a strange choice given the history!
The only thing I do know is that ASIC is putting all the Skyway ‘report scam’ correspondence at the bottom of the pile for some reason, while the crims run around selling their pretend shares and crypto units in major cities all over Australia.
@Mr Czech – “SkyWay Technologies Co.” as far as I can tell didn’t exist in 2016 and it doesn’t exist now.
Who did they actually negotiate with? A company registered in Slovakia? You’d think they’d have to sign a document with a company that actually exists somewhere, even for an MoU.
They must’ve just copied the information from Viktor Baburin’s business card or something because there is no official company registration under this name and there never was in Russia or anywhere else in the world.
The Belarusian company is called ‘Strunnye technologii ZAO’.
Nice one. 😉
I did not verify if “SkyWay Technologies Co.” existed when the MoU was signed. Anyway, the message is clear.
@Mr Czech – actually the message is not that clear to me, but I didn’t speak to the people at the STU like you.
So… they negotiated with a company which didn’t exist which reflects badly on the STU because they didn’t check?
Or they always knew that there was never going to be SkyWay research or development in Slovakia because they weren’t willing to reveal their identity and are evasive giving you information about the subsidies?
Or SkyWay misled the STU by giving them a company that may well not exist? Or was there a different message?
I’d like to hear what you extrapolate from your investigations. Thanks on the beforehand, by the way, for your research and feedback which has already helped with the article.
I think of message from SkyWay: “we can do a lot of things and make a huge effort to get positive PR… but don’t expect any real results”.
SW is very good in signing MoUs, showing at expos, using photo opportunities with authorities, publishing their PR in magazines etc. But since 1977 (when their research and development allegedly has begun) they have nothing more than one completed theme park in Maryina Gorka and another one under construction in Sharjah. No real contract. Full-point.
We can only speculate what was behind signing this MoU on the side of STU. This can be anything on the scale “we were lied and abused” to “just a small sign of vague and unrealistic MoU for the small cash from you.”
Only thing we know from STU is that plans (can we call it even plans?) from MoU have never started to be fulfilled. Whole thing with this MoU is fishy for me, but… stupid things can happen in the life even if you have a good will.
@Mr Czech – thanks it’s good to know what you think as you have the unique advantage of being able to speak to these people.
I think it’s about time to nominate you for the International Slovak Peace Prize at the Hospardarsky Klub for expectional journalistic research, what do you think?
You read the Morozov article translations? Sound plausible to you too?
Kind regards, Z
Zachar, if it helps at all for Wikipedia for the Australian component, Rod still has a Skyway website that promotes it (even if it is old).
Besides the obvious content, the address and contact is the same of that of his company Rod Hook and associates and is of the same distinct style as that website, so clearly belongs to him. Extract from this website –
Sky Way Transport Australia was founded in October 19 2015, as a private company, according to the ASIC website.
Maree Wauchope is his partner at Rod hook and associates, and also has worked in Department of Planning, Transport and Infrastructure as an Executive Director and is has been listed as a managing partner and marketing specialist for Skyway on some sites.
Also on the site is their version of why the sudden departure of Skyway from Australia:
So just postponed according to Rod and Maree. He’ll be back to build his Australian flying Choo choo, he’s just busy pretending to build Dubai’s one at the moment.
Skyway also use his new recent government appointment, as validation of an Australian project and to recruit as seen here on Skyway Facebook page April 2019: –
If he’s trying to distance himself he really needs to do a better job.
@Roslyn – this is really useful information: thanks! I couldn’t find it but I didn’t think to visit the ASIC site. It’s good to know the company has official registration and still exists.
I’m not shocked by what SkyWay is doing to exploit Rod Hook’s political success; I’ve witnessed that sort of thing all over the world.
I’m shocked that that the Australian government would reveal itself to be so utterly bereft of people without clear influence from private interests to be willing to sweep the criminal activity of a Russian scame “under the carpet”.
I come from Australia, so for me that reflects really badly on a system which should have a strict set of rules and regulations to ensure that this sort of thing doesn’t happen.
Anybody can… it was not a big deal to find a contact email to communicate with STU officials involved in signing this MoU… as well as email to communicate with Office of the president of Czech Republic (to get more info about president’s involvement in the “Golden Chariot Award 2017”).
My only advantage is to communicate in native language (Czech or Slovak) with these authorities.
I am not a journalist but the whistleblower.
I peek into it. I can read in Russian language, but it cause me a headache… and the tone of these articles seems to be biased too much for my taste. More hate than facts (although I certainly agree with overall assessment that SW is elaborated scam).
Thanks for your advice. Some of the facts are correct but there are too many inconsistencies. It’s a pity because they provide a lot of background information Yunitskiy never likes to talk about including his qualifications.
These articles fill in all the holes in our knowledge; unfortunately we have no idea if they are lies or the truth. In retrospect I could tell the story as I know it and fill in all the details myself based on things I assume, make up or exaggerate and published it on a blog and wait for someone to find it.
Doing something like that would, however, not make me a journalist or a whistleblower: I’d just be a liar.
@Mr Czech – you say it’s no big deal to contact these organizations and follow up on the claims they make, but I’m still impressed that you did it.
As of role of Czech president Miloš Zeman… I was upset by the claim of one brainwashed SkyWay sheeple:
Well… there’s too much false information in one sentence. And it is a very typical example of how these sheeples broadcast disinformation and exaggerated claims – to make themselves “happy”.
In fact, award ceremonial was a small bundle to the programme of “International Finance and Banking forum of countries from Europe and Commonwealth of Independent States (=Russia)”… which was held in hotel conference hall.
President was not personally there and he was not an initiator of this award… but he has been also awarded (I don’t know why – could SW hope to see him together with Yunitskij at the stage?).
Sky Way was awarded – so as president Miloš Zeman (by proxy). And SW was also… an official sponsor of the award at that moment.
More about all these lies in my comment #23.
One funny thing – web site of “Russian-Czech Chamber of Commerce” (organiser of that event) has disappeared.
*I think the Czech and Slovak parts of this story are particularly interesting but are still largely unknown to the world.
Slovakia has been added to the Wikipedia article as one of the countries who entered negotiations with the SkyWay group, but apart from the regulatory warning the activities in the Czech Republic are still unmentioned.
In the criticism section I managed to refer to the fact that published articles have criticised the ‘awards won’ by Yunitskiy/SkyWay. There is now a way for this contested aspect of the companies activities to be extended upon if more articles are published about them.
It’s certainly curious that both prizes were awarded in such a small geographical location. Despite knowing that the international peace prize was Slovakian and the Chariot award was Czech thanks to your initial post above which made this clear, it sill hadn’t clicked!
Thanks Melanie. I checked the BaFin website and this message is there. You just have to type in “Sky Way” with a space and you will find this message yourself; it is different, however, to a warning: it is a prohibition.
The first warning was for “First Skyway Invest Group Ltd.” registered in London and was released 8 November 2018.
The second warning was released 18 February 2019 and concerned “Sky Way Capital Inc.” registered in Saint Lucia.
This is something else comparable to the CONSOB banning the sale and advertisement of Skyway company shares.
Is confirmation of this prohibition automatic? When will it become “bestandskräftig”?
Unfortunately, I can not answer your question. The German BaFin is a typical authority – extremely slow. That’s why BaFin is often referred to as the “toothless tiger”.
Obviously, German laws do not allow BaFin to act faster and more rigorously.
@Melanie – So you mean that the BaFin has the reputation of being a “toothless tiget”, i.e. of responding slowly.
The argument against this is that Germany has actually released two warnings and a prohibition (albeit not in effect yet).
The ASIC, for example, has known about SkyWay for ages and it has not even released a warning let alone a prohibition.
I think it’s important to understand how a prohibition works. The Italian regulatory agency CONSOB prohibited SkyWay and banned a website for 10 days before releasing a more general prohibition. Its effect was immediate. I assume that every regulatory agency functions slightly differently.
When the BaFin prohibition is finalised, will they be able to do something like CONSOB and take down a website or ban the actual sale and advertisement of investment products in Germany or is this another reason why BaFin is called a ‘toothless tiger’: does it have a reputation for not enforcing its prohibitions (as well as responding slowly)?
I do not know all the rights of BaFin, but I would like to say the following about the situation in Germany in general.
The problem in Germany is the ruling politicians and their lax legislation. Since 1949, most of the time the CDU/CSU has ruled. And this party mainly represents the interests of the economy, not so much the consumer.
It sounds brutal, but I would call it that: In Germany, the criminal enjoys more protection in business and industry than the victims.
Or, in short: Money rules the world. This also applies in Germany. Currently also recognizable by the so-called “diesel scam” (diesel scandal) of VW, Audi, BMW, Daimler, Porsche, etc.
I could write much more on this subject, but that would quickly be considered an off topic. 🙁
I don’t think the Golden Chariot Award is Czech (Maybe I am reading wrong your sentence?).
Just to make it clear: web Golden Chariot in “About us” section: transportaward.com/index.php/about-us/team-of-transportaward
does not explicitly reveal their country of origin. Head office is in Vienna, Austria, but without a name of head officer. Names of the representatives in other offices around the world suggest the origin from Russian speaking country.
Web site is registered in Denmark, but via proxy (ASCIO).
I can speculate only… they selected Prague conference in 2017 as a good opportunity to nominate president Miloš Zeman and SkyWay together as award winners. Good chance to have a photo of president Zeman and Yunitskij hodling together same prize.
President Zeman is well known as selfish, very self-centered and egoistic person. And his foreign affairs activities are targeting Russia and China.
So… If he had been present there, he surely would have accepted photo and press release with SW representation.
This is interesting…
RTA (roads and transport authority in Dubai) announced signing memorandum of understanding with SkyTran company. SkyTran offers transport concept very similar to the one from SkyWay. They even call their cabins (gondolas) SkyPods – same way, as Sky Way does.
I am not sure – Is SkyTran independent company (and thus a kind of SkyWay competitor) or is it only a shell company controlled by SkyWay?
My guess: German (domestic) banks will reject transfers of funds to/from accounts identified as belonging to SkyWay.
However, SkyWay may be creative in establishing fresh new shell and proxy companies. Or they may start “processing” of collected/distributed funds in cash via network of their affiliates. Anyway, it will slow down the cash flow.
Taking down the websites of local promoters (with web hosting in Germany) could be a second step. I don’t think they can easily take down the SkyWay’s official web sites hosted abroad.
Also the chance they will block it within a country (geo-location firewall) is not high. Germany is not China (fortunately).
@Mr Czech – Sorry for the mistake, I meant to say they just awarded it at a ceremony in Prague. It was presented by Albert Zhukov, who is the domain name holder of the “Golden Chariot” organization actually registered at an address in Moscow.
Yes it is hard to believe that they chose to nominate president Zeman “for Strengthening International Relationships in Transport Sector”. So confusing.
All they need, however, is a photo opportunity with some well-known person and it’s all over their publicity. Note that they got a photo with the Dalai Lama because their negotiations were in the city in India which he lives in exile (Dharamsala).
There is no reason to believe he actually said anything positive about SkyWay, but once they’ve got the photo they just make stuff up.
I imagine they would’ve loved such a chance with Zeman. Alas, that was not to be.
And then there’s the problem of Alexander Lebed who died in a helicopter accident in 2002 but had the misfortune of attending a SkyWay event he was filmed at when the testing was held in Ozyery.
Although he is dead, he is often listed as a current shareholder of the company. I can’t actually even find proof that he pre-allocated funds to SkyWay projects.
@Melanie – thanks that’s really interesting.
Maybe someone here can help explain the actual powers financial regulatory agencies have.
According to the example of CONSOB, they can do more than just release warnings but exact punishment or at least take down websites and ban the sale of shares. And the German example suggests that another country has taken this step against Skyway companies, a step which is far more active than a warning.
This what financial regulation is for, right: regulating the activity of companies so that they can’t abuse the populace.
But how much actual power do regulatory agencies have? Why haven’t more regulatory agencies wielded these powers against SkyWay?
And why do different regulatory agencies respond so differently to SkyWay activity?
…in case it wasn’t clear I meant this specifically to understand better what the SkyWay ‘prohibition’ of Germany could actually mean for the company, and how a prohibition differs to a warning.
@Mr Czech – SkyTran is an idea similar in many ways to SkyWay and invented by Malewicki and patented in the US. In a similar way the inventor is attempting to get funding for his projects but does not appear to be using small investors like SkyWay but using standard financial channels.
This company, however, is not without controversy; but the investment apparatus behind SkyWay and their adoption of unorthodox practices to encourage everyday investors to part with their money for worthless coloured paper is unparalleled.
The CONSOB prohibition was only able to take down the local website of Mr Luca Stefanelli which was in Italian and sold SkyWay shares illegally to Italians.
Although the SkyWay general website in English did this as well, they were unable to take the website down. This is probably what will happen In Germany; I think therefore that your suggestion is correct.
Since most advertising is via social media hopefully they’ll be able to target Chris Schuster (and/or his sock puppets) who post extended attacks against critics.
*Note that a number of articles have recently been published in UAE newspapers which mention the RTA negotiations with SkyTran.
It is interesting that they have suddenly started negotiating with this company, and that they suddenly don’t mention SkyWay any more, even though they recently signed an MoU with them.
Furthermore the UAE national has the following to say about Sheikh Mohammed and the regulation of driverless vehicles:
I don’t think there is a confusion between Sky Pods and SkyTran. I think they go out of their way not to mention SkyWay.
In one or two articles there are links to connected articles on ‘Sky Pods’ but I think this is just because they both involve suspended transport and this has to do with connected subject content not an actual connection between SkyTran and SkyWay.
So has Sheikh Mohammed and by extension the RTA dropped SkyWay like a hot potato?
Hopefully they’ve got some sense and will draw up some regulation that will stop the application of untested and uncertified technology from endangering their citizens.
Maybe SkyTran is a better investment of their time, money and energy. The company certainly has a less awful reputation; there may be problems with the technology but at least they’re not ripping off small investors.
**There are a lot of articles about these new negotiations and they do refer to ‘sky pods’; I think this could be well intended to remove the association of negotiations with SkyWay from public attention and memory.
Why else doesn’t one of these articles mention SkyWay? It would also possibly explain why SkyWay have indefinitely postponed their ‘self-testing’ initiative in Sharjah.
***Note also that in some articles they do seem to confuse the two different technologies.
Although they have signed an MoU with a different company, they use the same films and promotion from the original SkyWay website.
They mention their recent negotiations to build ‘sky pods’ after SkyWay exhibited at the Smart Cities exhibition. But it’s hard to tell if it’s the mistake of the journalists or the RTA.
Interesting… let’s see if it is lack if professionalism or wisely prepared game, how silently abandon and replace questionable SkyWay.
Even RTA Dubai itself mixes them up with Skyway propaganda pictures listed on its announcements of the sky pods on its official Facebook.
Skyway will have no problem leeching of the back of this and claiming the project as their own to the gullible.
Already on the posts are the legions of ‘investors’ with their comments ‘I’m a proud co-owner of this technology, you can be too! Ask me how!’ ‘Build Skyway save the planet!’ Etc.
For the sake of curiosity… can you give us a link to that FB post?
BTW, I expect other scenario – something like “…we were beaten by unfair competitor! RTA was manipulated by haters! So we leave the project of sky pods in Dubai and test centrum in Sharjah. No more UAE!
Not sure if these links will work.
They are the definitely Skyway graphics on the pods within the videos if you look closely. (They say SW Dubai)
Perhaps RTA Dubai just used them as they had them leftover from the Skyway presentation and thought why not show the people a simulation of what the competitors Skytran are now commissioned to achieve haha.
Pity the gullible may not be able to differentiate the companies and Skyway will no doubt try to claim any project that eventuates.
The people who write this blog has not got a clue. Why write fake news as Skyway will take you all the way as they have already sued a company 10 million dollars for writing wrong and fake news just like this blog.
I have personally been with Skyway from the start and I can assure you it’s real. I have personally been on the Skyway system last August and going back again this year for ecofest.
Right now we are building in the UAE and growing worldwide.
Please do yourself a favour stop writing bs
I have made over $80,000 and growing.
People like you need to write a real review by going inside the company. Why write bs when you have not got a 100% review????
Fake ass news that needs shut down
^^ Lulz, this guy’s in hook, line and sinker.
Real investment companies register with financial regulators in every jurisdiction they solicit investment in.
In your jurisdiction, the UK, in order to operate legally Skyway Capital needs to register with the FCA.
Instead Skyway Capital builds toys in outback paddocks and puts up social media CGI videos. They do this firstly because gullible morons such as yourself fall for it, and because registering with financial regulators gives up the game.
We reviewed Skyway Capital back in 2015, a full year before you began scamming people through it.
Today Skyway Capital is the same Ponzi scheme with the same BS promises.
As for signing up so scammers like you can steal more money, I don’t need to join a Ponzi scheme to identify one.
Much in the same vein I can tell you taking a brick to your face won’t end well, without actually having to do it.
What happened, lost money in Ultimate Cycler, 4 Corners and the Legends Network? Keep chasing those Ponzi dreams chief…
Anyone with a basic engineering understanding can tell just from viewing some of the promo videos that the Skyway technology cannot possibly live up to the hype.
Why do you think that the demonstration tracks and vehicles are taking so long to complete and there no videos of high speed runs?
What is the fastest one of these test vehicles has ACTUALLY travelled? How can they be rolling out real tracks when the vehicles haven’t even been properly tested and proven?
When it comes down to it, the value in any investment in Skyway depends on the technology being possible, practical and competitive – none of which has been shown to be true.
I was able to check these postings to facebook. It’s very interesting to hear about new developments on social media. But These two posts from April and May don’t appear to be in relation to the SkyTran project which the RTA have released a press release about in June 2019. They are photos and films of SkyWay projects with the comments of SkyWay sock puppets.
The press, however, have certainly confused the two. The problem is that the term ‘Skypod’ is used to refer to the vehicles in both the SkyTran and the SkyWay systems.
I get the impression that this was a name chosen by the Arabs to refer to this new type of transport and both systems adopted it locally to describe their driverless suspended transport vehicles.
SkyTran actually started negotatiating in Dubai in 2016 for a short length suspended transport system in 2016 with a private company. We still don’t know the circumstances of the sudden recent change of tack for the RTA to SkyTran.
I think is it not good news ofr SkyWay and they won’t be able to paint this new development in a good light. As far as I can tell, SkyTran is an entirely different company and technology, even if it does look similar.
It also is possible they are still negotiating with SkyWay; there has been no post to suggest that they have cancelled their negotiations to choose the one system over the other. This is possible, but we’re still interested in finding proof. Maybe this news will reach social media first.
If you find an RTA post which mentions ‘SkyTran’ or ‘John Cole’, it will be interesting to see if RTA uses figures and illustrations of SkyWay or that it is just the media (and if SkyWay sock puppets claim it as their own)
@Sceptic – We don’t really know how fast these vehicles can travel because SkyWay has not been scientifically safety tested or certified.
SkyWay tells us their vehicles can travel at 500 km/h. But the well respected Belarusian National Academy of Sciences found the system impractical and unsafe and rejected the application of SkyWay to become a scientific organisation (so it could both test and certify its own technology) and recommended that accredited organisations should test this technology in real-world conditions.
Until today this has still not happened so anything they tell you about this technology, they make up themselves; they are not qualified to make these judgements about their own technology.
Their ‘self-testing’ initiatives – like the proposed site in Sharjah – are entirely meaningless.
Hopefully the Sheikh Mohammed has realised this, and the projects have been shelved. This is certainly what is suggested by the indefinite postponement of the Sharjah Innovation Center and the sudden interest of the RTA in a different company with almost identifical language about an entirely different suspended transport system.
@Craig Scott –
Who has SkyWay successfully sued for 10 million dollars? The legal action they took against companies in Minsk and Samara were kicked out of court requiring SkyWay to pay all legal costs of the defendant.
They similarly lost in 2018 suing the Lithuanian government for lost earnings and damage to their reputation because of the long investigation against them.
I’m interested to hear the details of this case where they allegedly won 10 million dollars. Name the company and the city so we can check it.
It will be a first for the company in a history of making empty legal threats and losing all the cases they initiate to intimidate critics.
Yes apologies @zachar on closer inspection you are likely right, RTA have referred to the project as ‘skypods’ throughout regardless of which company has the MOU.
My confusion came from thinking the RTA had originally referred to the project as ‘Skyway’ and now changed to ’skypods’ but having looked back, that’s not the case.
I also was thinking the timeline was curious, as Skyway released the news they are postponing the date of their project on the 29th May that I found and the first link RTA Facebook post is from the previous day 28th May, so I was suspecting RTA was possibly leading up to announcing their new provider of the technology by the time of that post. Anyway all speculative.
Speaking of that postponement announcement article on the Skyway site (extract below), I had to laugh at where they are going with this hilarious narrative, exactly what @MrCzech was saying earlier, that they will blame it on the actions of an unfair competitor. Wait for it, it’s definitely coming…
No you were right, it’s just the media. I found the SkyTran announcement on RTA below and no Skyway graphics in site. The silence is deafening in the comments too, not a puppet with a word to say about it amazingly!
@Roslyn – yeah the predator metaphor is pretty funny; sounds more like a video game description or a really bad action movie than a company. But this sort of imagery returns consistently mish-mashing metaphors from super hero stories, science fiction and romantic idealisations of misunderstood teenagers.
No metaphor seems too tired for them to apply to Yunitskiy or his untested sky trains.
I wouldn’t be too hard on yourself for confusing the skypods though; the journalists in the UAE seem to be similarly confused about exactly what the RTA is referring to.
This could be exactly the point of RTA who probably wants the world to forget that they negotiated with a company with an extremely dubious reputation.
Please note that ‘SkyTran’ hasn’t really been built anywhere either (models and test sites in Israel and Texas but no actual transporation of passengers yet).
Although it is American it is uncertified to transport passengers in the U.S. But at least they aren’t taking advantage of small investors to finance their projects.
I’d say it’s a hundred times more feasible than anything SkyWay has proposed.
Ah… Unibikes development… Take popcorn and laugh!
This video is from 2018:
speed up to 150 km/h,
transport capacity up to 20 000 persons
This capacity requires frequency of passing 1 gondola each 0,36 s! Almost 3 gondolas passing by per second! Distance between gondolas in this speed and capacity shall be ~15 meters.
Impressive. Unfortunately – I can’t imagine how these gondolas could stop at the stations (breaking, stopping, disembarking, boarding, accelerating in 0.36s?) without being hit by next arriving gondola.
I think a kind of railroad switch can particularly solve the problem (let’s say, only about each 300th gondola can be switched to a passing line to stop at particular station – it provides time ~100 s in station – time long enough for boarding procedure).
Unfortunately, technology shown at eco-technopark is still not quick enough to handle switching gondolas within 0.36s and distance 15 m between gondolas at 150 km/h speed:
Well… so one year later, SkyWay adjusts capacity parameters for Unibike closer to reality:
2 passangers, speed up to 150 km/h, transport capacity up to 720 persons/hour in both directions, e.g. 360 persons in one direction…
Well, it gives about 20 s for stop… still not enough IMHO, but pretty much better.
What will be the next update of this “high capacity” transport? 😉
BTW… have anybody seen gondolas riding at higher speed than ~ 50 km/h? Have anybody seen more than one gondola on the whole testing track (about 1 km long)? Has SkyWay more then one prototype of each gondola type?
BTW… what is a hour capacity of escalator in shopping mall? What is the capacity of one tram train or subway train? What is a capacity of bus?
Is it feasible to create new infrastructure with such an “impressive” capacity on top of existing infrastructure (and thus limit the space occupied by existing infrastructure)?
Enjoy the last video from demo ride of unibus (well, promised capacity 50 000 passengers per hour and speed up to 150 km/h)
nolink://www.facebook.com/groups/149349331935624/permalink/453305011540053/?comment_id=817980385072512&reply_comment_id=859802604223623&comment_tracking=%7B%22tn%22%3A%22R%22%7D (you will need to ask permission to the closed group to see this)
Here’s a quick summary of what happened in the United Arab Emirates to reduce confusion about SkyWay activities in Sharjah and Dubai:
In April 2018 SkyWay exhibited static models at the second Smart Cities Show in Dubai.
In October 2018 SkyWay signed an investment agreement with a private company to build the “Sharjah Innovation Center” on a piece of land pre-allocated to them to self-test and certify their own technology.
Construction was to be completed in the period of April-May 2019.
In February 2019 SkyWay wooed Sheikh Mohammed at the World Government Summit also in Dubai.
Later in the same month the RTA negotiated with SkyWay and they signed an MoU with this company and communicated SkyWay promotion via twitter which was shared widely through local media as if it was fact as part of their “happiness” project to promote Dubai as the world’s best city.
On 29 May 2019 SkyWay announced it was postponing its self-testing project in Sharjah. According to SkyWay? Crouching Tiger, Hidden Skyway.
The actual reasons are probably more to do with them realising they couldn’t even pretend they were going to build a self-testing facility that was further unsupported anywhere in the world.
On 9 June 2019 RTA released a press release concerning negotiations and the signing of an MoU with a different company ‘SkyTran’ to build ‘Sky Pods’ in Dubai couching the whole venture in very similar language.
We actually still don’t know what has happened to the SkyWay negotiations in Dubai; but it was in any case never any more than Sheikh Mohammed visiting a static display of this technology in Dubai and the RTA tweeting information they copied from SkyWay promotion.
It seems important here to confirm the verified details because it’s actually quite confusing.
Unibike capacity progress in nutshell:
August 2018, official presentation for public: 20 000 persons/hour
March 2019, press release after RTA presentation: 8 400 persons/hour
June 2019, official presentation for public: 360 persons/hour
stay tuned for next “progress” 😉
@Mr Czech – thanks for these links. It was suggested to me that the only way SkyWay could live up to the figures posted by the RTA about SkyWay was on the basis of SkyWay vehicles transporting hundreds of passengers in a single carriage.
Maybe this is part of the reason why the RTA have so quickly dropped this project: the information they communicated about its vehicles was clearly impossible for ‘Sky Pods’ which were only able to transport 2 passengers each.
They could very well be embarrassed about communicating so widely information which was so clearly implausible.
@Mr Czech – which claims are from June 2019? Is this from a SkyWay or RTA site?
to be objective… they can increase transport capacity by coupling gondolas into the “trains”. Last presentation speaks about coupling up to 7 gondolas in one train and capacity 3500 pers/h (two directions) e.g. 1750 pers/h one direction.
Trouble is… IMHO nobody have seen coupled 7 unibike gondolas riding the (test) track. And possibly nobody have seen 7 unibike gondolas at all. 😉
Could a light “string” hold so many gondolas at one point?
Presentation for RTA clearly shows only single gondola riding one section of the track. Also presented design of the stations seems to be suitable for single gondolas, not “the trains” of them.
And if they need higher capacity – why don’t they use larger gondolas (unicar, unibus)? Ah I see… they would not fit the light track.
I hope to see no disasters in further load “testing” (if any).
Skyway YouTube channel: nolink://youtu.be/yR2ExyCrO4g?t=33
At Ecofest 2018 they were not able to show their model of Unibike, “because it was in Dubai”. 😀
In the video in post #139, have a look at time 2:15
See how slow the vehicle at the back on the curving “string” is travelling as it approaches the support from which the cable is suspended – it’s nearly stopped!
There’s no way that 150 km/hr is close to feasible as the G-forces when the vehicle transitions across these joints would be quite severe and make many passengers sick.
@Sceptic – how does Yunitskiy explain the physics of the excessive motion of moving vehicles? It’s good for a person’s health, of course!
[from Onliner.by article 18 August 2018 “Is this some kind of April Fool’s Day Joke?” nolink://tech.onliner.by/2018/09/18/skyway-2]
Worried about getting tickets to the EcoFest 2019 being held at the EcoTechnoPark in Marjina Horka, Belarus – the almost mythical SkyWay demonstration facility? Stop worrying!
You can (really) pre-purchase tickets at a SWIG sales and recruitment meeting being held in Rotterdam, the Netherlands, 29 June 2019.
In addition to promising information about their amazing new investment product the CRU (CryptoUnit) they make the following promises:
I took the liberty of just tweaking a few key words in the above material to help the gullible who may land on this page out. You’re welcome.
Thanks for contextualizing the post Larry. Anyone just happening upon this text without forewarning could get the impression that sharing this information is equal to endorsement or approval.
To make it clear, I neither condone nor endorse SkyWay’s Ponzi scheme and I was sharing it because I, like you, was incredulous that they are still making these claims.
LOL. Another MLM company “taking the world by storm”. You will “change your life” and ditch your J.O.B.. Live the dream if you believe in the vision. Get in early because you get it and are a positive person. Blah, blah, blah
It’s the con game called MLMing, and nothing more. Idiots!
@Char – I’m left wondering who you’re actually accusing of being an idiot here.
The people who are responsible for SkyWay are clearly not idiots; they are actually accomplished white-collar criminals who are clearly getting away with financial fraud despite an astounding amount of countries that have regulated against them.
In spite of regulatory warnings and prohibitions all around the world, they are still planning recruitment and sales meetings with little regard for the growing opinions of national financial regulatory agencies.
People on this list seem quick to accuse people who invest in these schemes as being somehow less intelligent. But history shows that remarkably intelligent people have believed in far less plausible things than SkyWay.
‘To make it clear, I neither condone nor endorse SkyWay’s Ponzi scheme and I was sharing it because I, like you, was incredulous that they are still making these claims.’
I know you don’t, was just having a laugh with the marketing material there at the expense of the suckers deep in who come here to defend it.
Only because these ‘intelligent’ people are analyzing the actual “things”, instead of the method in which these things are promoted and where any profit comes from.
Take a thief who steals a Ferrari. Should we be focusing on the engineering of the car, it’s high performance, and gas mileage; or, in fact, the thief and the manner in which it was stolen. Even if the Ferrari turns out to be a fake movie prop, the thief still committed the act of stealing.
The idiocy is when intelligent people bark up the wrong tree. It is the scam called MLMing they need to be identifying with – not the thing/product used to perpetrate the fraud.
Stupid is as stupid does. If you invest in SkyWay you are ipso facto stupid.
Having a big brain is not the same thing as being intelligent, any more than having big biceps makes you strong.
You don’t need to be highly intelligent to be a scammer, just slightly less stupid than the people you are scamming.
BehindMLM has accumulated a mountain of evidence, namely hundreds of execrably written and nonsensical posts from scammers defending their scam, that most scammers are pretty thick.
@Char – you mean that people are examining the ‘SkyWay Technology’ rather than the dubious means the companies are using to finance this technology? This is classical misdirection while they funnel the money into offshore accounts. I think no one would disagree with you there.
I think calling victims who are willing to believe in a green technology idiots is not enormously helpful.
Naïve but well-intentioned? Yes.
Easily misinformed and misdirected with very real and convincing promises that they will make money and be able to give up their mind-numbing day jobs? Yes.
Vulnerable people who will believe financial mumbo-jumbo that that sounds convincing because they don’t know any better? Yes.
Idiots? Probably less fair. They are also far more likely to listen to reason if people show compassion and understanding for their predicament.
I agree that this discussion should concentrate on the financial aspects of their dubious investment schemes.
Unfortunately the technology will arise in this discussion so long as the company continues to inflate the value of its intellectual property and they continue to publish lies about its certification.
At the most recent advertised recruitment SWIG meeting planned for 6 July 2019 in London, they are still promising co-ownership in the eco-friendly SkyWay technology which will soon “take the world by storm”.
To repeat it here: by paying money to any of the SkyWay shell companies or its subsidiaries, you don’t actually invest in anything and you certainly don’t become co-owner of either a technology or an idea.
– The colourful PDF document they send you for the pre-IPO shares you have invested in are entirely meaningless and are unrecognised by any single financial regulatory agency.
– Education Investment Packages (EIPs) have been banned in Italy. Sure they can give you financial advice at these meetings and ask you to pay for it, but the investment products they package as ‘financial education’ don’t exist and they certainly don’t educate you about anything.
– The CRUs they are marketing at their most recent recruitment meetings are an imaginary investment product that is only comparable to a cryptocurrency if you completely misunderstand what this terma actually means.
Well-intentioned? They’re only interested in the green technology because it promises to get them rich quick with eleventy billion per cent per day returns.
If they were interested in green technology they’d be investing in genuine green technology firms or funds which don’t promise to get them rich quick.
They will not listen to reason, ever, no matter how politely packaged, until they have a lightbulb moment.
If I was the personal friend of someone in SkyWay (and hadn’t been forced to end the friendship by their attempts to scam me) I wouldn’t call them an idiot. As we’re just discussing SkyWay in general over the Internet I don’t have to mince my words.
@Malthusian – Although there are many discussion threads about this topic in German (Psiram, Allmystery.de) and Russian (Vkontakte, MMGP), this appears to be the major one in English, and I applaud everyone (including you) who has added to this discussion with informed comments on the nature of this fraud.
But surely it would be better to comment on the scammers and not judge the victims. I fear they would be far less likely to listen if you start by brushing them off as either ‘stupid’ or ‘idiots’.
@Malthusian – I certainly don’t want you to mince your words and appreciate informed opinions on these matters.
Same thing. This is a scam that was promoting returns of 20% per day at one point. The only separating a scammer from a victim is whether they are a net-winner or -loser.
They will not listen, ever, until they have a lightbulb moment. MLMs are cults – deprogramming a cult member is impossible until you have the buy-in of the victim.
Comments on a thread like this one span the full range of the tact spectrum. Once they are ready to listen, they can take the truth in whichever form they wish – polite or blunt.
I have no particular wish to add insult to injury to those who end up as victims.
Where we started was the more interesting question of whether scammers are intelligent. You said they must be to pull off a scam like this.
I disagree and don’t think we need to risk glorifying them by imagining them as supervillain geniuses. They only have to be slightly less stupid than their victims.
*I actually said they were accomplished white-collar criminals, and with this I meant that they had successfully pulled off a scam.
I certainly didn’t intend to suggest that they were intelligent supervillains! I just suggested that they were not idiots. An ‘accomplished’ criminal is hardly a compliment.
I don’t understand this claim, at least in terms of the specific instances of the SWIG and Skyway Capital recruitment meetings currently being discussed.
It seems to me there is a big difference between small investors who spend part of their leisure time (mis)informing themselves about investment opportunities but the rest of their time on their full time job and other everyday concerns (as opposed to) dedicated pyramid marketers who travel around the world spreading lies about a technology and selling fraudulent investment products such as Armands Murniecks, Andrei Khovratov, Evgenii Kudryashov and Alena Pepina.
The difference here is that the people at the top of the pyramid must know they are spreading lies for the purpose of personal financial gain.
Small scale investors just have the misfortune of believing these blatant lies. Of course, when they are roped in to attracting others to invest they become liable in the scam they are perpetuating, but they can hardly be seen as being equally guilty for believing in someone else’s willing deception.
Do you mean that their culpabiity is dependent on how much money they make, i.e. if they don’t make any money they are not culpable? I don’t see how that works either.
The question is whether or not you know you’re committing a crime and deceiving others.
As someone with both family and ex friends in MLM (and in this particular investment scam), I have no problem with them being referred to as idiots. I’ve even done it myself upthread.
I love them and they will always be family, however choosing to ignore government warnings, doing no independent research into a dodgy company and ignoring sound advice from more financially educated sources is ignorant and foolish, and if that’s not idiotic I don’t know what is.
People in MLM are always looking for a quick fix and a get rich quick plan. I know from growing up with parents in it, they are often serial offenders, who jump from one to the next, thinking ‘that if only they tried harder they could be successful like the guy in the upline and maybe next time they’ll be able to make it work’.
They are often struggling financially, gullible and disillusioned with the daily grind, and this can make them easy targets (from the criminals who mastermind scams) using the emotive pull of ‘living the dream’ & ‘financial freedom’. Once they are in it becomes a cult-like situation if they allow it, where they are encouraged to not listen to outsiders.
These people are often into pseudo science and already feel like the government and authorities are out to get them, so it’s easy sell.
In my mind, there’s a distinction here:-
Criminals – the ones in the top pyramid. The ones who know the deception, who create and mastermind the scheme and prey on the idiot downline.
Gullible – the ones who initially fall for a scheme, but retreat quickly on further investigation, they will heed warnings and don’t regularly participate in MLM, they just got caught out by an elaborate cover.
Idiots – are the ones who continue to participate. The idiots are the serial offenders, the ones who don’t independently research or retreat immediately when warned by more financially literate trustworthy sources.
They jump from scheme to scheme with tunnel vision on the promises of riches.
If you continue to participate and believe in nonsense without questioning it, that IS idiotic. It is harsh, but true.
Everyone who invests in a scheme promising returns of 20% per day, and is not a subsistence farmer who has never participated in the financial system before, knows it is a scam.
Everyone who is not a subsistence farmer walks down the high street past the adverts in bank windows and knows that legitimate investments do not pay 20% per day.
What they pretend to believe so they can sleep at night is not important.
We cannot read minds and there is a concept in law called “reasonable belief”. If the lie is obvious enough there is no difference in reality between someone who lies while genuinely believing what they are saying and someone who consciously lies. There is no test that will distinguish between the two.
Scams promising returns of 20% per day cross that threshold.
The lies are the same from the bottom of the pyramid to the top.
You seem to be under the impression that if someone is at the top of the pyramid they must be conscious of the lie, whereas someone at the bottom will be a dupe. This is not true. There is no correlation.
It is if anything more likely that those at the top will genuinely believe everything they say. They have more reasons ($$$$$) to believe the lie, they are more invested in it.
Jack Bogle: “It’s very difficult for a man to understand something if he’s paid a small fortune not to understand it.”
The more you believe the lie yourself, the more convincing you will appear to others and the more likely you are to make money out of the scam. To quote Olivier, it’s called acting, dear boy.
They’re culpable, they’re just not liable. The loss of their money is punishment enough. I don’t know of any justice system that punishes people for failed MLM fraud.
@Roslyn & @Malthusian – thanks for these fascinating insights.
*I actually meant that the ones at the very top must know the true nature of the fraud. But we can’t read people’s minds and we can’t ultimately tell if they are acting or if they really believe in their sales pitch seeing they have such a vested interest in appearing to believe in it.
On the same token, we can’t see into the heads of the people at the bottom of the pyramid either and seeing that what motivates people to do things is so complex it’d probably be better to choose an adjective to describe them that doesn’t imply that we can read their motivation.
That people consistently behave against their own interests is not necessarily a signal of stupidity. I mean, it is one possible explanation, but not the only one.
Note that Yunitskiy, who seems to be very near the top of the pyramid, could well believe that his technology can save the world. It may seem unlikely from what we know about him, but it is not inconceivable.
The people who thought up the offshore companies and the very structure of the business interests are far more likely to be in on it. But until we know who they are and a bit more about them, we can’t really say.
In light of these recent discussions, as far as I can tell you can divide the people who are involved in the SkyWay investment fraud into six major categories:
 SCIENTISTS – who stand behind the technology and may well believe in it. Yunitskiy belongs in this category but there are others as well.
Yunitskiy has a wage and so do the engineers who design and implement the futuristic looking SkyWay we end up seeing in their promotion and publicity.
 LAWYERS & BUSINESSMEN- those who structure the scam, found the companies in offshore locations and draw up the contracts; also who handle the litigation against Skyway.
Schastlivy, Miftakhutdinov and Kudryashov belong in this category.
 NETWORK MARKETERS – people like Ruben Mejlumyan, Sergei Semenov and Michael Kirichenko who are employed to publish misinformation about the company and think up ways to attract new investors using different aspects of marketing such as telemarketing, crowdfunding and aspects of MLM.
 GUEST SPEAKERS – many with imaginary qualifications who actually travel around the world spruiking the technology and making motivational presentations on investment.
Figures like Alina Pepina, Anete Martinson, Christiaan Van de Vijver, Neil Morrison and Andrew Hawkes belong in this category.
These people have the most vested interest of all to appear as if they believe. These people can probably be distinguished from others in that they actually receive some type of wage or stipend.
 MOTIVATED INVESTORS – These are investors high up on the pyramid who publish outlandish films about the company filled with blatant lies in an attempt to suppress criticism. They have a vested interest in attracting others to invest because they will be rewarded financially.
You could probably define these people as ‘useful idiots’ because they may well know about the scam but we can’t actually be sure.
These include figures like Chris Schuster in Germany but there is a wide range of others promoting SkyWay on social media who may attend meetings but don’t actually deliver the lectures.
These people are responsible for a tirade of nonsensical internet hate campaigns against SkyWay critics.
 UNWITTING INVESTORS – This is a problematic category because it includes anyone who hasn’t already been accounted for. It suggests that there are people who get caught up in the scam by believing in the complex network of websites, telemarketing and recruitment meetings that are held regularly around the world.
These are the actual ‘idiots’ we are referring to but we can’t really be sure of their actual motivation.
The problem with these categories is that they are most certainly not mutually exclusive. GUEST SPEAKERS are often MOTIVATED INVESTORS.
Armands Murnieks often gives lectures but he is also one of the shady business figures who is a SkyWay company owner (Global Transnet UK Ltd.).
The shares are actually shifted between figures like Schastlivy , Murnieks and Yunitskiy (voice of scientific reason who distances himself from the financial investment scam but is nonetheless a company ahareholder and also makes presentations at motivated sales meetings).
UNWITTING INVESTORS can get more roped in the more they invest. They attend a sales meeting, invest money, participate in an event at the EcoTechnoPark and eventually get entirely convinced by the whole scam and go all in by becoming a MOTIVATED INVESTOR and eventually a GUEST SPEAKER.
NETWORK MARKETERS may be responsible for organising events like the ‘Slovak International Peace Prize’ and the ‘Golden Chariot’ award but this requires LAWYERS to draw up the documents, BUSINESS PEOPLE to found the companies as well as the MARKETERS who do the ground work and post the myriad array of misleading documentation about them. These are really complex operations that requires coordination.
There are also figures who could belong to various categories but until we know more about them we can’t really tell.
Rod Hook claims for example that he has not lost any money on the scheme, which would suggest he is a GUEST SPEAKER; but seeing how long and unquestioning his involvement has been and that he is the founder of ‘Skyway Transport Australia Ltd.’ you could also view him as one of the figures behind the business operation.
SCIENTISTS who work for the company are also share-holders of the company who could therefore also be considered MOTIVATED INVESTORS.
Some of them also publish the marketing promotion online and design the protoypes and dioramas of the technology which pop up at technology fairs.
These categories are clearly fluid but I hope they can help us understand better how the scam works. Please note that they are only suggestions based on what I know and has been suggested by other participants.
If you think there could be more categories that would better explain the division of duties in the company, please include your suggestions below.
Excellent points Zachar, you know so much about this particular scheme and what you are saying all makes sense. I enjoy your insight.
As we discussed earlier upthread, I’d love to know how much of the top of the pyramid actually has trust and belief in the project and who knows it’s an elaborate cover for an investment scam.
I occasionally watch some of the recruiting cult like videos shared social media (from the likes of the high ups Andrew etc) feeling contemptuous (and at times just sniggering at the preposterous nature of claims), but in some way knowing they themselves could also be idiotic duped victims, who believe it’s a legitimate way of earning, is somewhat more comforting than thinking they are paid employees of Skyway and who know there is no projects and know they are actively deceiving other people.
Thanks for the great feedback – but credit where credit’s due – the response was an attempt to extend on the ‘criminals/gullibles/idiots’ trichotomy and provide a more plausible explanation for the simplification of participants of SkyWay into victims and scammers (because the truth is, as always, far more complicated).
Although Malthusian is right to suggest that we can’t read people’s minds, it’s wrong to assume that everyone apart from the subsistence farmers should know better and that potential victims wouldn’t ever be willing to listen to reason.
I know this is not true from my personal experience with my Belgian friends and what I read about Olga (the actual Russian farmer) who invested money in SkyWay but then began to question the technology and started shaking trees after SkyWay itself stopped replying.
After making a lot of trouble by contacting lawyers, prosecutor’s offices and the media she finally managed to get her initial investment back.
It shows that you not only shouldn’t make assumptions about subsistence farmers, you certainly shouldn’t assume that there isn’t a potential audience of people who if correctly informed would try to recoup their losses.
The example of Olga demonstrates that people shouldn’t give up hope and assume they’d lose every cent they invested, even if this seems the most likely outcome.
If you are willing to shake enough trees and cause SkyWay enough misery like Olga they may be willing to return your initial investment. That’s of course cold comfort to the ‘unwitting investors’ who are still hoping against all odds that the company will fulfill its promises and they will all become millionaires.
[The original Russian article is the most recent Onliner.by publication from 22 February 2019 whose title translates to “I invested about $6,600 in Skyway…” and can be viewed here nolink://tech.onliner.by/2019/02/22/skyway-3]
The Geldthemen.de German articles and discussion threads who suffered the abuse of Chris Schuster and an army of pro-SkyWay sock puppets and bots, even advised the public to get a lawyer to try to regain their funds.
Their argument was that seeing that SkyWay was fraudulent and was not legally permitted to sell their investment products to anyone in Germany, a lawyer could certainly be a worthy consideration for scam victims.
So to all people reading this thread looking for advice on SkyWay take heed and don’t give up hope. Stop, however, your payments to this company immediately. But there’s nothing stopping you taking it further.
Shake a few trees and demand your money back. Cause them some problems. God knows they’ve caused enough unnecessary suffering to an untold amount of investors. Get a lawyer if you’ve lost a lot of money.
Coincidentally I also started looking yesterday at YouTube films which are I imagine are similar to those shared directly on social media.
I analysed two channels in particular and they are both worrying for different reasons.
The first was a lengthy discussion between Andrew Hawkes in Queensland and Anete Martinson in London who were waxing lyrical about their changed lives since SkyWay.
Although this was filmed after the EcoFest in Belarus in August 2018 and before the sales and recruitment meeting in Kuala Lumpur in February 2017 which they both seem to have attended (and which actually provided the source material for the initial post in this thread), hearing these two ‘Guest Speakers’ in action is quite disconcerting.
These people who direct vitriolic attacks against critics speak for ages about how great it is for like-minded individuals to get together like family and share their true insights into what is clearly to everybody else a scam. They appear to really believe it.
Their actual motivation, however, will remain a mystery; but the very fact that these are the people who will go on to present their misguided financial mumbo-jumbo and lies in Fiji and Ethiopia, you can’t help finding it worrying.
[You can view the film here at Andrew Hawkes personal YouTube channel which contains lengthy nonsensical vitriol against critics and enthusiastic promotion of both SkyWay and other similarly converted investors: nolink://www.youtube.com/watch?v=Xv6zhYQ6Ipo]
Far more disconcerting than watching two deluded but apparently convinced ‘Guest Speakers’ convincing each other and their assumed audience of the true validity of the extended SkyWay family willing to help you escape the grind of your past life, are the absolute mumbo-jumbo voodoo economy lies so apparent in far more insidious films on Andrew Twelftree’s YouTube channel which conveniently disclaim itself from any liability.
It has to be seen to be believed: [nolink://www.youtube.com/watch?v=HtYNaFPnF3I].
They begin by advertising SkyWay’s new ‘Multilevel Crowdinvesting’ marketing plan they claim to have introduced to the market place as if they are some sort of investment consortium. Then they say they are neither licensed to sell shares nor offer financial advice. Then they offer for sale ‘Educational Investment Packages’ (EIPs) for which you naturally pay.
As an added bonus you receive (for free!) pre-IPO equity shares (PIPES) which they are entirely unqualified to sell you.
These are unregistered securities which have absolutely no value apart from what you imagine it has. But as you’ve paid for ‘Education’ on your wealth creation and despite them admitting that they’re unqualified to give you this advice and that you should seek due diligence and investigate them before paying them any money, the fact that you receive these worthless shares ‘for free’ disclaims them from liability somehow.
The film then goes on to explain in a remarkable tour de force of MLM nonsense how their compensation plan works and how you will make money when the company goes public on the London Stock Exchange.
In later films Twelftree couches the education packages as part of the CryptoUnits currently sold: [nolink://www.youtube.com/watch?v=1t9h4tgbRuo].
What he says is so phenomenally meaningless it is almost difficult to conceive. I typed out each of his execrable words as he said it for posperity but you can hear it yourself by finding and clicking on his film:
Too right you’re not. This is just the opening text from a surprising vat of absolute bullshit financial nonsense.
This film was posted on 8 May 2019 and it represents the precedent for the upcoming meetings where they share this financial gobbledygook as if they actually know what they’re talking about.
Just to make it clear again: they’re not qualified to sell you anything and the ‘pre-equity shares’ Skyway sends back but ‘gifts’ you for free are not recognized by any single regulatory agency anywhere in the world and are therefore completely worthless.
This may seem obvious, but bears repeating because even if this company ever did go public, the pre-IPO offering is entirely unregistered anywhere and they would not be obliged to pay you anything.
I can really understand however, how convincing nonsense could make people believe they actually were selling anything more than hot air. I mean, I had to read a lot of posts before I understood the full extent of this utter insidious bullshit.
In the case of Hawkes and Martinson from the first film you could conceivably argue for their apparent belief in the technology and investment scheme. But just remember this is precisely what was promoted at the Kuala Lumpur meeting they actively participated in and sold to participants.
Maybe imagining they are all roped in unwitting believers makes it easier to cope with, but don’t forget that these people promote this exact meaningless, illegal fraudulent nonsense to more vulnerable people in third-world countries.
Guest speakers like Twelftree and Murniecks are on exactly the same boat as Martinson and Hawkes and I can’t see how it exonerates them at all. Maybe they were unwitting investors once? They certainly aren’t now.
But we know there are ‘unwitting investors’ who are trying to get informed, in spite of the reams and reams of mind-bogglingly calculated misinformation.
So if you’ve ended up at this discussion in an effort to inform yourself in spite of the extended encyclopedia of SkyWay lies, then you are deserving of my respect.
I feel obliged to say a huge thanks for the effort made here by those who have an understanding of Skyway.
An interesting conversation and one that certainly prevented me getting involved. Thanks.
Hi Rockie! so glad to hear you learnt something from the discussion.
I’m currently writing about the offshore companies, hoe the money that victims paid is whitewhased and ends up in offshore loscations (and what comes back immediately in the form of (worthless) pre-IPO shares.
If you have any questions you’d like to ask freel free Rockie.
Kind regards, Zachar
THE SKYWAY INVESTMENT SCAM
I’d like to note here that I’m not attempting to pass judgement on people who chose to invest their money in this company or any other scam.
I’m sharing this information in the belief that there are people who want to be informed either before or after investing. I’ve divided this complex discussion into parts and it could be that it gets removed for being too long or off topic.
If this happens you can always request any individual section from me personally. I encourage anyone to post any additional information they find.
PART 1/4 – The Mother Company
How does the SkyWay offshore empire work that results in small investors being sold worthless shares? I’ve tried to include here only information based on reliable sources but please correct me if I miss out or misrepresent any of this information.
There is a mother company operated from a central location in a Belarusian office complex: Strunnye Technologii ZAO, registered in Minsk. It is also referred to in SkyWay promotion as “String Technologies Co.” but this company doesn’t actually exist.
They are not permitted to sell shares of the mother company to the general public because it is not a PLC. To do this, they created offshore companies which are not limited by national regulation.
The Business Insider Italia article ATTACCÀTI AL TRAM (‘attacking the tram’) by Andrea Sparaciari suggests that after the scientific world rejected Yunitskiy’s technology in 2008 as unviable and unsafe, all traditional forms of funding were closed to him so he got the idea of creating offshore companies to fund his projects.
No longer relying on the traditional channels of banks and large scale investment, the SkyWay Group regularly milk the growing market of gullible people sitting at home looking for investment opportunities.
They certainly got into bed with a whole range of people with a background in network marketing, boiler room telemarketing and internet scams.
The SkyWay marketing machine which is still very much active today has grown from a network of criminals and scammers who have a lot of experience promoting misinformation.
THE SKYWAY INVESTMENT SCAM
PART 2/4 – GTI and ERSSH
The major company SkyWay mentions in all its documentation is ‘Global Transport Investment Inc.’
(GTI) actually registered at a postal address in the British Virgin Islands. This company supposedly owns Yunitskiy’s intellectual property which they have inflated to having a value of 400 billion dollars.
Yunitskiy has been documented in court as not being able to explain how or why this made up sum was transferred to an offshore location, but the most likely answer is that the company has no value outside of any actual physical assets it owns but it’s easier to obfuscate the actual value of a worthless company if it is outside the restrictions of regulatory authorities.
I’ll repeat it here: no verified, reliable source apart from a dubious Moscow consulting agency and legal companies employed by SkyWay have suggested that Yunitskiy’s intellectual property is worth a cent.
All patents and official certification has been questioned as being either not up to date or entirely fraudulent.
Also registered in the British Virgin Islands are companies like “Euroasian Rail Skyway Systems Holding Ltd.” (ERSSH) SkyWay group companies have claimed at various times to sell the shares of companies like this, but no investment products associated with this company can be sold to the general public.
The colorful pieces of paper that SkyWay issued at various times in the past have this company name on them, but they are in themselves entirely meaningless and are recognized by no authorized regulatory agency in any country.
If you happen to have ended up with these share certificates I can tell you now that you won’t be able to sell them unless you manage to make someone else believe they are worth something, i.e. you could always try to scam other people.
Just follow the example of the wide range of motivated investors and guest speakers who are today selling illegal SkyWay investment products by pretending to promote SkyWay technology: Andrew Hawkes (Queensland, Australia), Neil Morrison (New Zealand), Andrew Twelftree (Adelaide, Australia), Anete Martinson (London), Armands Murniecks (London), Alina Pepina (London), Mila Serdjukova (London), Patricia Uytterhoeven (the Netherlands), Herman Vertez (Brussels, Belgium), Kristiaan Van Den Vijver (Antwerp, Belgium)…
THE SKYWAY INVESTMENT SCAM
PART 3/4 – The Fund Raisers
In addition to the mother company, GTI and ERSSH companies, there are other shell companies and subsidiaries which are responsible for the specific purpose of raising funds for the mother company.
These companies are known under a variety of different names like “RSW Investment Group Ltd.”, “Skyway Capital Ltd.”, “Sky Way Invest Group” and “SWIG International Ltd.” and sometimes even people working for them confuse the names.
The fact is that that these shell companies exist only on paper. They are further unconnected to their postal addresses in the British Virgin Islands, Saint Lucia and London.
In any case, Andrei Khovratov claims to have negotiated with Yunitskiy to create the “Sky Way Invest Group” conglomerate. Although there is a company called SWIG International Ltd. registered in London with a postal address there, there is no actual association between Khovratov and this company.
There is also no actual company called “Sky Way Invest Group” or “RSW Investment Group Ltd.” registered anywhere despite them often flashing a registration number for this company and Khovratov being associated with this company group extensively in SkyWay promotion.
Evgeny Kudryashov directs SkyWay Capital Ltd. which although registered in Saint Lucia actually has had a postal address in London but is directed from wherever Kudryashov actually lives in Russia (probably Moscow, where he apparently studied).
He has a shady history in pyramid marketing, being one of the figures responsible for the MMM Ponzi scheme.
The company registered in London “First Skyway Invest Group Limited” (see the FSMA warning) is associated with Skyway Capital and is probably responsible for the white washing of funds that end up in Skyway Capital Ltd. offshore accounts.
Khovratov has also been associated with various scams in his past, and delivered various legal threats to Russian journalists who have questioned the actual existence of the companies he represents and the dubious infrastructure projects they ruthlessly telemarketed from boiler rooms in Samara and the Crimea.
This is documented in the Russian ‘Volga News’ and the Crimean ‘Primechaniya’ internet portals in various verified articles.
Nonetheless you can find, photos and videos of Yunitskiy across the internet signing documents and discussing his revolutionary technology with both of these men.
He is quite willing to collaborate with them and take the money they raise.
THE SKYWAY INVESTMENT SCAM
I’d like to thank here everyone that has helped inform me on this discussion thread by patiently answering my questions and considering my arguments. This is dedicated to you.
PART 4/4 – The Bait-and-Switch Operation
As the companies responsible for collecting funds, these companies sell to small investors various investment products. So you might ask yourself, what type of people does SkyWay attract to sell their worthless products?
Basically anyone can, anywhere in the world; they just have to be a good sales person able to convince gullible people to part with their money.
They use motivated sales techniques at recruitment and sales meetings held at various places all around the world to inform them about a great, new green technology which will change the world.
They make various outlandish claims about this technology and the possibilities that investing in it will give you. These lies run the whole gamut of the MLM-spiel: you only have a limited time to invest in the project, you will regain your investment a thousand times, you will escape the life you’re unhappy with at present etc.
These lies are spun across the internet and social media by unqualified ‘financial experts’ who work for the Skyway company.
The rest of the work is done by a dedicated staff of network marketers who post elaborated misinformation to create an aura of legitimacy for the company to its unwitting ‘downline’.
No matter which company you think you are dealing with – SWIG or Skyway Capital or companies which seem entirely made up like ‘Unisky Corporation’ or ‘RSW Investment Group’, the operation at present involves a bait-and-switch operation they are currently applying a new high-tech marketing name to: multilevel crowdinvesting.
You attend a meeting or visit their website, and are convinced to pay them money for ‘Education Investment Packages’ which is supposedly financial information helping you to obtain wealth.
You’d think you’d get a book, or a series of lectures of something that could conceivably be mistaken for education.
Well you don’t get any such thing. Like the OneCoin scam, they are using this as a cover to sell you illegal investment products in the guise of ‘education’.
What actually happens to the money you pay them? Half of it goes to the salesperson pretending to be a broker but who is entirely unqualified to sell investment products.
The other half enriches the mother company who automatically sends you the ‘pre-IPO private equity shares’ – which it calls ‘PIPES’. But remember, it hasn’t actually sold you these pre-IPO investment products.
No, they give you them for free as a bonus! You’ve paid for education but lucky you – you’ve ended up with worthless shares for a company that will never go public. Ever.
Now, various SkyWay shell companies have at various times attempted to sell fraudulent shares directly to the public, but they stopped even trying this when the financial crimes unit in Lithuania (FNTT) investigated them as part of its three year long lasting investigation of the illegal sale of shares to Lithuanian citizens which finally ended in December 2018.
Since then various companies have tried different techniques including the sale of gift certificates, promisory notes or ‘convertible notes’ which I assume all refer to some type of Convertible Bonds which SkyWay has not registered anywhere to sell legally.
They idea is that not being able to sell you shares, they’ll sell you something that sounds equally good but you may well not be familiar with.
Whatever SkyWay representatives tell you they are selling you, and whichever carefully constructed language they try to couch their sales pitch in, SkyWay and anyone operating under its name are unqualified to sell you anything.
They have not legally registered to sell their investment products anywhere. Just check with your local regulatory agency. You will discover that not only have they not registered, but the following countries have actually released or shared warnings about SkyWay activities: Belgium, the Czech Republic, Estonia, Greece, Germany, Hungary, Italy, Indonesia, Latvia, Lithuania, the Netherlands, Norway, Slovakia and Sweden.
Italy and Germany have also prohibited against the sale of shares to Italian and German citizens; Italy actually banned the sale of EIPS and took down websites.
The same bait-and-switch technique is used to sell ‘CryptoUnits’ which you unwittingly end up with as a gift after paying for education to help you amass wealth.
Just check the opening of this discussion to be reminded of how absolutely lacking in financial value these CRUs actually are.
You can hear Rita Ashin spouting in detail this dubious financial mumbo-jumbo here: nolink://www.youtube.com/watch?v=PHhXw2xvhp4.
Remember all she has to do is convince you that by donating money to the company (which she will receive half of) you will actually become a co-owner of SkyWay who miraculously gift you company shares after paying for education.
She actually suggests that these company shares the company gave you for free will be worth at least one US dollar (but possibly 5, 10 or 20 dollars) when the company is listed on the stock exchange. This claim is almost too ridiculous for words.
She goes on to tell every other fiction about SkyWay countries where they have hundreds of millions of dollars in signed pre-order contracts as well as encouraging you to register your children for the be the lucky owners of SkyWay ‘CryptoUnits’. I kid you not.
Jeeses do your research SWIG is by a 3th party company that is simply piggy banking for the futer by the succes of SkyWay it has nothing to do with the transport itself these are people that have a contract signed they need to pay to yunitsky to be released of the contract to use SkyWay.
as these are investors themself who bought alot of pre ipo shares. and are in fb and alot of other big companys there using a phase state to from 1 to 8, SkyWay is in 15 stages.
SkyWay they definitly not ran out of any money there is more then 400 Billion on the acc of SkyWay.
look at the transport idea apart from all the other piggy bank companys this is the new area for our civilization period.
It’s all the same Ponzi scheme. Has been since day one.
So why do they need your money for?
Because it’s all bullshit.
A new era of gullible morons, sure. Without piggybacking onto cryptocurrency Skyway Capital would have collapsed years ago.
@Nils – please read the post you are questioning first. That companies like SWIG and SWC are fund raising for the mother company on a contractual basis is not questioned; it is confirmed.
The company doesn’t have 400 hundred billion dollars; it just inflates its own value to this amount, publishes a lot of misinformation about this absurd self-valuation, but then obfuscates its actual value by shifting it to an offshore company.
You have provided no proof that SkyWay owns any such assets (far less that this technology will usher in “a new area [era?] of our civlization”).
I was told when I bought over 2 and a half years ago that the IPO would end of 2018 so I have already waited 6 months longer than expected.
I paid in Bitcoin (about 1 Bitcoin) so if I had simply kept that I would have 6 times as much.
Quite honestly I had already written off this Skyway “investment” so was happy to see you talking about it. I would be thrilled to sell what I have if I possibly can.
Anyone selling “coins” via MLM is blatantly dodgy unfortunately.
I have studied a lot ore and then come back. I read all the Wikipedia articles and also chatted to 2 different customer representatives on the Skyway website. Both of the gave me very different stories.
Another issue I have always had about Skyway is security. The proposed trains seem very vulnerable to attack from the fossil fuel industry.
I know and like a lot of the people involved in Skyway in NZ and Australia so I still hope for the best but the crypto currency thing looks extremely suspicious. Nobody is interested in buying my pre IPO equity shares and never have been. If Skyway had so much money why would they not just build an example train system somewhere outside Belarus to show people it works?
@Michael – Thanks for sharing this information. Please inform us more about when and how you invested money in SkyWay. If it was two years ago, did they sell you shares, CLNs or some other investment product? Did you buy them or did they give them to you? Which company sold them to you?
If you have invested in pre-IPO SkyWay investment products – and you read this discussion thread – you will probably understand that this sale of investment products occurred completely outside of the context of regulatory authority and that it is therefore illegal.
You say you want to sell what you have. If you really have ended up with the same SkyWay securities we are discussing here, to sell your investment product you will have to scam other people into believing that they are worth something.
You could, of course, demand your money back from the company that sold them to you. This has been done as documented above. And on failing that you could get a lawyer and threaten them with legal action.
But you should give up hope that you’ll ever make any extra money from the fraudulent products SkyWay has sold you. I can only advise you to stop investing in this company until they register the investment products they sell (which will not happen). If we are talking about the same company, you have not become a co-owner of anything by investing in this company.
Note that loyalty payments they make are just designed to create an illusion that you will make money and referral payments is money you get from roping in people below you on the pyramid to invest. These are just useful tools to get you to keep paying them.
@Michael – you give me hope that there are SkyWay investors out there who are doing their very best to inform themselves about the company.
You may like the people who have convinced you to buy fraudulent investment products, but the fact that they feed you different stories about the technology and your investment confirms that they are unqualified to offer you financial advice.
I am genuinely sorry that you lost money but it sounds like you are being realistic about your prospects, accepting that no one will buy these worthless and unregistered ‘PIPES’ from you.
If your SkyWay representative tells you that SkyWay will buy them back from you after the company goes public (a promise it often makes), they are just lying to you.
Even if they did ever list on the stock exchange (they won’t), PIPES are unregistered securities and they have no obligation to pay you anything.
If they tell you lies like this, you should probably question your affection for these people.
Hi Zachar I bought these pre IPO equity shares here: accounts.swig-group.com/login?b=office.skywayinvestgroup.com
If you want a laugh or maybe a cry try conversing with the support staff on their chat.
The 2 I chatted with yesterday gave me very different stories.
One told me that Skyway would list on an exchange in 2-3 years once all the PIPES were sold. The other told me that all the PIPES were now sold and that Skyway would list on an exchange this year.
I asked if I could buy more PIPES and they sent me to a page selling the Crypto currency.
To be fair Skyway are saying they are opening their blockchain to the public in 2 days:
And here is their latest news broadcast: youtube.com/watch?time_continue=1&v=I9-2aNlq9HA
Thanks for the interesting info Michael!
Now I know the face behind the grating voice for arguably the world’s least plausible propaganda films like “Is SkyWay a pyramid scheme?” or “the path to IPO”.
Kirichenko who stars in many of these webinars and mockumentary films is employed in Belarus by SkyWay as one of the staff of network marketers hired specifically to post misinformation about the company.
I don’t think I’ll take you up on your suggestion to converse with the SkyWay help desk! I get enough abuse daily from people who are probably employed by SkyWay for trying to keep the Wikipedia page up-to-date, so I don’t think I’ll risk it even for a good laugh.
Get this: yesterday one of these people suggested that SkyWay would be wasting the money of its investors to pay regulatory authorities to register their securities officially – that was after a wave of vitriol directed at me personally without any actual references or facts to backup these claims.
Believe me you don’t want to get on the wrong side of these people.
So – it’s now possible to trade your (entirely worthless) PIPES in now for equally worthless CRUs thanks to a new blockchain technology?
It sounds as ludicrous as every other claim they make about the validity of their technology or their investment products, but a new term that people are unfamiliar with is far easier to abuse.
As if they were reading my mind, the SkyWay publicity machine published this gobbledygook nonsense about blockchains, cryptocurrencies and SkyWay technology.
They actively try to blur the lines of where the one technology ends and the other begins. It goes without saying that SkyWay hasn’t actually got anything to do with virtual currency, but from this text you’d think that they were somehow related.
Sergei Sibyarkov has been documented as one of the network marketers employed in Belarus to post misinformation for SkyWay.
He has also been documented in court telling bald-face lies about the activities of SkyWay relating to the InnoTrans trade fair in 2018. [nolink://tech.onliner.by/2017/06/08/sud-skyway-2].
This linking of SkyWay technology to the transport of data is so utterly ridiculous it is genuinely funny.
What about their video showing their UAE development being built?
What about it? Social media marketing videos are not a substitute for regulatory registration and legally required accounting disclosures.
I have friends and relatives in the NZ government. I was a lawyer there for many years. I am seriously considering reporting Skyway as a scam.
I want to be absolutely sure that I will not be proven wrong before I do it. This video looks real. I am studying more.
Still nobody will touch the PIPES things I bought though. I only want my money back. I am about 9/10 thinking this is a sca but not 10/10 yet.
Like I said, the video might be real but it doesn’t justify or legitimize Skyway Capital running a Ponzi scheme.
And anyway, I’m going off memory here but didn’t the whole Skyway/Dubai ruse fall apart recently?
They’re still looking for a new country to set up the same bullshit in again (new marketing videos) IIRC.
Some more links about Skyway in the UAE skyway.capital/news/new?id=443
Seems fairly legitimate.
Note the dates. Then read comment #134 above.
The usual “we signed this, we signed that” Ponzi shenanigans.
SkyWay postponed the opening date of the ‘SkyWay Innovation Center’ in Sharjah and they have not planned a new one.
Even if they started building something there, it wouldn’t mean much as it is a ‘self-testing’ facility which has not been certified by officially accredited agencies anywhere in the world.
Because it is an entirely private venture that was never actually intended to transport people that is paid for by SkyWay, it is in their best interest to keep people believing that they will start working on it soon.
The fund-raising companies like SWIG that sell you PIPES are still using the SkyWay Innovation Center in Sharjah to promote their investment products at recruitment and sales meetings around the world.
There will never be much official publicity about the Skyway Innovation Center in Sharjah because it is an entirely private venture that is used to promote investment from angel investors in other countries.
I could only find one article that actually mentions it at all and it is in French. It actually sounds pretty much like they just translated SkyWay promotion for the purpose of publicity. [nolink://www.actu-transport-logistique.fr/ferroviaire/systeme-de-transport-innovant-skyway-marque-des-points-dans-les-emirats-arabes-unis-511679.php].
No other verified news sources have published information about the Sharjah demonstration facility. You obviously shouldn’t trust anything published on SkyWay YouTube channels or as part of twitter feeds.
I’ve seen many instances of them discussing the construction site in Sharjah and interspersing scenes of the static models at the governmental summit in Dubai, actual construction in Belarus and then scenes of SkyWay advertising in the desert.
It doesn’t mean anything more than it looks: they took some photos in the desert and paid for large advertising boards to be posted there.
And photos of construction in the desert? That could be anywhere. You have to wait until you see reliable verified journalists publishing information about this site.
Of course they make it look legitimate; they have a vested interest in doing this. But until a verified news sources publishes information you can safely discount it as self-aggrandising promotion.
They evidently have a vested interest in keeping real journalists away from their self-testing facility to make sure that people will think that something will happen there for as long as possible, despite it not actually being designed to transport people or certified to do this safely.
The Dubai project has never been more than pie in the sky and a few facts that RTA published after signing an MoU with SkyWay for entirely fictive Sky Pods they presented static models of at a governmental summit in February 2019 where they attracted the attention of Skeikh Mohammed.
Their SkyWay project connecting skyscraper towers sounds like the ludicrous and unrealised project that was laughed out of the Crimea.
It was uncertified, untested and therefore dangerous and it was never considered by the local planning authorities. This didn’t stop them from canvassing investment in projects like this in boiler rooms in the Crimea.
They are still doing this around the world by promoting their projects in the UAE despite the fact that they will never build them there.
It’s obviously an effective scam, however, if they’ve got you questioning the validity of the technology.
Since the RTA started negotiating with an entirely different company (skyTran) to build Sky Pods in Dubai in June 2019, the RTA haven’t mentioned SkyWay again.
The New Zealand regulatory agency FMA have already released a warning to the public about activities of the ‘SkyWay Group’ who are approaching NZ citizens to invest in a project.
They warn that not only does the company not have the legal permissions to sell their securities, but that that they could be a scam.
Maybe if you contact them and tell them about the PIPES situation, they will follow the example of Germany and Italy and prohibit against the activites of the company. It certainly couldn’t hurt.
But you shouldn’t be distracted by their activities in the UAE which amount to little more than pageantry and posturing.
Even if they ever did build anything there (which they won’t) they’re still selling to the public unregistered securities.
Who cares about their project in the UAE if they are selling you investment products that aren’t worth anything anyway?
Even if they did start making some money, they wouldn’t be obliged to pay you anything as their investment products are entirely unregistered for legal sale.
Thank you Zachar. All great points.
If a good case is presented and enough people support then the New Zealand police would very probably prosecute scammers.
@Michael Todd – So glad to hear my research was helpful.
I’d just like to add that these are my conclusions based on what I found out from extensive reading on this subject.
But if this research has proven anything, it’s how badly misinformation can muddy the waters making it difficult to tell the woods from the trees. It is, indeed, very confusing.
And this is of course exactly the point of misinformation.
I a trying hard to sell (Ozedit: snip, this is not the place for that.)
Am doing much more research. Have found it is impossible to sell the pre IPO equity shares.
Have found that it is skyTran not Skyway that has contracted to build transport systems in Dubai.
In a Skyway FB group I was abused for being “uneducated” for relying on promises that I would be able to sell my shares.
I am going to spend some time over the next few days gathering a group of people who are suspicious about this.
@Michael Todd – Neither SkyWay nor skyTran have actually been contracted to do anything yet. They’ve signed a ‘Memorandum of Understanding’ which doesn’t actually contractually oblige anyone to do anything.
“Skyway Greentech Co.” did however sign an MoU with the RTA in February 2019.
I know it’s confusing. But the fact that the RTA have signed a new investment agreement with another company doesn’t invalidate the last one they signed.
Until the RTA explain why they’ve suddenly started negotiating with a new company, any assumptions we make are wild speculation.
Please note that this is also not the first MoU that skyTran have signed in the UAE; in 2016 they negotiated with Yas Island to build ‘Sky Pods’ there.
I’m really sorry you’ve ended up with Pre-IPO private equity shares. You suggested you bought these investment products a couple of years ago. In terms of the history of SkyWay, that’s an awfully long time.
At present, they don’t actually sell either PIPES or CRUs; they sell you ‘education packages’ and then the mother company gives you PIPES as a bonus.
See post #169 for a detailed discussion of the bait-and-switch operation salespeople are presently using in New Zealand and Australia.
You see it’s harder to justify selling something you never actually bought. But this is the language SkyWay salespeople (who are most certainly not brokers) are currently using to sell these dubious investment products.
Maybe they sold them to you directly and not couched as ‘edúcation’. In 2014 they were still selling company shares and this is why they were being investigated in Lithuania by the Office of the Prosecutor General.
You are right to be angry and confused. But outlandish promises about the potential value of these pre-IPO shares (and that they will buy them back from you at an inflated value later) are sadly par for the course at sales meetings and YouTube films spread across the internet. U
nfortunately lying to you about products you don’t actually buy from them is not illegal.
I fear this is standard practice in advertising, e.g. breakfast is not necessarily the most important meal of the day but you’d probably have a hard time using this as a reason for getting your money back from Kellog’s who delegated the task of sales to an advertising firm.
At the same time it’s hard to argue to sell these products you know are dubious to other people.
For clarification, bundling “education packages” with Ponzi investment does not legitimize your Ponzi scheme.
See DOJ going after OneCoin scammers.
@Oz – absolutely. In the terms of Michael Todd we don’t actually know if the PIPES he received 2 yours ago were sold to him directly or via the IEPS for PIPES bait and swith operation discussed above.
Using this extremely dubious sales technique challenges my crededulity, but they are selling IEPS for PIPES and CRUs all around the world.
It certainly doesn’t reflect well on the Ponzi scheme which is making it impossible for customers to legally sell these worthless products further as that it will inevitably the same investment fraud that had resulted in the original insecured investment products being sold in the first place.
There was no talk of an education component 2 years ago.
If Skyway were seeking credibility then they would allow a secondary market for these Pipes.
Surely the crypto units will be tested for credibility on am open exchange. Skyway could buy back those for a while and prop up the price but because massive commissions have been paid out the price will eventually drop.
Unless of course there is significant utility for the crypt coins but that is a big task.
So the question to ask is when will the CRU begin to be traded?
Open trading is a disaster for Ponzi scheme altcoins.
It’s only typically deployed as an exit-scam for the admins (“we didn’t scam you, you have a (worthless) token you can trade with!”).
Exactly. They will probably retain funds to buy their own coins for say a week but after that their promises of 26 percent a day profits will be exposed.
Considering that neither their cryptocoins far less their PIPES have any intrinsic value apart from what they tell you, it seems highly unlikely that they will reveal anything about themselves considering they just make stuff up to get people to invest.
It is a very nice scam really. About 100 people will take 2 or 3 million USD and many of the victims will also cover their losses by taking commissions.
The bottom half will all lose a few hundred or maybe a few thousand each but will not complain too much.
I have seen this play out with USI Tech. Some of the people who made millions from that still seem popular with their friends.
Posting cheesy pics in exotic locations getting hundreds of likes and zero imprisonments or even fines.
Very crazy really. Some people buy into many of these scams. They never seem to get angry with the scammers.
Michael, welcome to the MLM scams world and its rules and morale! Pretended luxury lifestyle, fail -» move to the next fail strategy, fake it till you make it, “I can’t complain cos I was involved and the part of the scam too…” (losers excuse for their passivity), “look, I lost too and my reputation is damaged by the company failure (no way… I am not the company representative)” (net winners exit scam excuse)…
I hoped Kiwis are more immune to the scams… But it does not apply absolutely. I remember Kiwis as smart, fair, honest and ethical people (yes, I love New Zealand!). But sometimes scams are smarter and greed higher than their ethic.
Michael don’t forget that there are other reasons people who are scammed remain silent or don’t complain: shame, embarrassement, blackmail, a genuine desire to forget it ever happened, fear, guilt, implicating themselves in a crime to name a few.
There are actually not many who come out of the experience feeling like they’d participated in a ‘nice’ scam.
I’d say the most common feeling is violation and a desire to forget it ever happened.
Do you know how many of these CRU tokens have been sold?
8 billion in round 1 so now by round 5 maybe 20 billlion? At about 2 cents each? 400 million dollars worth with 100 million or so paid out in commissions?
Does anybody know totals for the other related investment schemes? Pipes and Skyway Capital etc?
People are saying in sales pitches that these tokens will sell for 30 cents each in 3 months time.
Making Skyway a supposedly 7 billion dollar company even before making a single sale of a product or service? Even if it were claimed to be a 70 million dollar company that would be quite a stretch.
Please contribute some more number crunching if you can. I am trying to put together a fair and comprehensive report.
Michael, takle all these figures from SkyWay marketing materials with a precaution.
This can be right, but it can be also a lie – just to blown out to create false impression of their success.
Well it would be the opposite surely? Every token they claim to sell devalues the next one they try to sell because in the end they are a share in something that has to be backed by something.
I have learned that Skyway does not even plan to test the price or value of these tokens in October they are merely going to launch another pre sales process then. Called an STO a Security Token Offer.
So theoretically these commission based sales of these tokens can keep going for any more months even years.
Remember all the time that one strategically placed bomb next to a concrete pillar can bring down one of these transport systems by killing several people and ruining their reputation for years. The fossil fuel industry is evil and desperate and are perfectly capable of doing this.
Then look at skyTran which has made much more progress than Skyway with around $20 million dollars from a handful of investors. Compared with the $500 million “investment” in Skyway.
So if their technology is so good and they have so much money and support why has Skyway not actually built anything yet? Why not even a goods transporting system which would have no human safety issues?
Why has Skyway even gone out and taken $500 million in “investment” why is it necessary?
Why indeed. These are valid concerns Michael.
I think that no one else is worrying about possible sabotage from the fossil-fuel industry because once you know a bit about the actual SkyWay company and the scientific investigation of this ‘green technology’, you soon discover that it is completely implausible that they would ever build one of their untested, uncertified string roads anywhere for the transportation of real people.
The last of their worries is sabotage from an industry they could possibly compete with in the future. Scientists, however, have questioned safety issues, like how could vehicles travelling so-fast ever slow down in time? How could they change tracks considering this technology has not been built yet and the current test tracks only travel in one direction? How could vehicles situated so far off the ground possibly provide a safe escape method for the passengers if there was an accident (such as someone driving into a concrete pillar).
Furthermore there is no actual proof that this technology is anywhere near as ‘green’ as they suggest. What will it run on? Wind or solar power? I don’t think so.
The reason we don’t know anything about the various shell companies in the SkyWay Group is because they are registered in offshore locations like the British Virgin Islands and Saint Lucia that are not officially audited. We unfortunately can’t rely on information that SkyWay self-publishes about these companies.
Although skyTran have not built anything yet either, you are correct in your observations that this particular company has relied on a handful of investors. Moreover, all of the investors are large-scale investment companies.
SkyWay actually has no plausible reason to explain why they rely on ONLY small-scale investors to finance their project, except that small investors are gullible and are more easily tempted by outlandish, unrealistic, tax-free offers of investment that would appear entirely implausible to informed specialists.
This is just really unfortunate for unwitting owners of SkyWay PIPES but I can find no other explanation.
If you buy $8000 worth of the Skyway CRU tokens today you get the at 1/7th of the price you get them at for only buying $53 worth. They are valued at 3.7 cents a token for those buying $53 worth. This is a huge difference.
Putting huge pressure on people to spend ore. For no reason as there is no delivery cost and no reason why the price should be different save for the fact that you are taking a bigger risk.
Also the price is rising quickly from stage to stage.
I have found that close to 18 billion coins have been sold out of a total 80 billion coins. 80 billion coins at 3.7 cents each is a total market capitalization of the Skyway CRU token at 3 billion dollars.At that value it will list on Coin Market Cap in the top ten crypto currencies right now.
*We also don’t really know very much about their investment products CRUs because they are relatively new. There are no actual verified articles discussing them yet.
We do know however that all the information they do publish about them is entirely implausible: they just make it up and improvise because most people who invest in these products don’t really understand what a cryptocurrency is.
Needless to say, whatever SkyWay is marketing, it is absolutely not a cryptocurrency.
They have, however, couched their investment products in all types of different guises as allowed by local legislation and as undefined by regulation.
**In case it is not clear, the figures quoted by Michael Todd are taken from entirely unverified promotion published by SkyWay to sell their dubious and unregistered investment products ‘CryptoUnits’ (CRUs) to an uninformed public. These investment products have absolutely no intrinsic value and everything they publish themselves about them, they make up.
Yeah look guys, internal Ponzi points values are meaningless. They do not translate into the real world (public trading).
The goal of a Ponzi scheme is to separate as much money from as many gullible suckers as possible. Try not to get sucked into the garbage they wrap that business model up in.
Your Ponzi points are worthless outside of Skyway. Trying to calculate a market capitalization based on internal literally made up values is pointless.
If Skyway Capital ever does exit-scam through a public exchange, top scammers would dump internally and your tokens would resettle towards an actual $0 value.
IN POST #182 – Michael Todd suggests he is a lawyer. If this is true, he is not really quoting much information about the legal aspects of this case; and a lawyer would be far less easily fooled by complex financial documentation.
Michael, I you are really are a lawyer and your were still duped into investing in investment products, I’m really sorry for you.
But please stop publishing unverified promotion to promote investment products which are copied from SkyWay promotion here because people could be easily confused and misled by it.
In order to learn about this properly I just spent an hour trying to buy the minimum amount of CRU tokens. I have recorded my chat with the customer support person.
I have not been asked for any money yet but the process is crazy confusing. There are UNT, EIPS, PIPES and now CRU. I now have some of all of these.
So now I can properly see what happens with all of them.
The latest release of Skyway news (youtu.be/hh4grUHmZ74?t=116) had some info I thought worth following up.
They claimed a mention at the latest World Economic Forum in Davos and link with the UN’s Sustainable Development goals.
The only results of a search of the WEF web site (www.weforum.org/search?query=skyway) were for a Chinese elevated bicycle path.
The top Google result was to the usual rsw-systems propaganda site, which linked to a document (www.nachhaltigkeits-rat.at/app/download/13281100236/SDG+Book+second+edition+%28for+web%29+%281%29.pdf?t=1558979272) which mentions Skyway on page 100.
On the UN SDG Cities page (www.ungsii.org/sdg-cities), I found an almost identical document though with NO reference to Skyway. Also, the partners page (www.ungsii.org/partners) doesn’t mention Skyway.
However, the Skyway-linked document claims to be the “second edition” and the site it’s hosted at appears to be a legitimate site for the Austrian Council for Sustainable Development (ACSD).
I find it hard to believe that a UN body would take Skyway seriously and could imagine the Skyway propaganda machine faking their page in the 2nd edition document, and the lack of mention on the UN and WEF pages is telling.
However, the ACSD page seems like evidence and the UN page could just be out of date.
I remain sceptical however.
You can safely assume that everything SkyWay says about its relationship with the United Nations, they just make up.
Their history with the UN is sketchy and entirely unverified. They claim to have received a grant from the UNCHS (UN-Habitat) and they plaster the UN-Habitat logo across their webpages. The UNCHS website returns a zero result if you type skyway into their search engine and I couldn’t find any further information anywhere connecting the two organisations that were not published by the SkyWay network marketing promotion machine.
The UN is also one of the current share-holders of the company according to the SkyWay website which is obviously even more unlikely than the subsidies Skyway received. You can view their list of shareholders here:
Wanting to give them the benefit of the doubt, I posted a discussion heading on the Wikipedia ‘SkyWay Group’ talk page entitled “SkyWay and the United Nations” and invited other users to post sources of information connecting these organisations. Nothing has been posted there apart from an obscure report based on a submission by V.K. Storchevus, Head of the UNCHS (Habitat) Moscow Bureau which discusses the possible green impact of Yunitskiy’s SkyWay technology. You can read it on the European Urban Knowledge Network website:
Needless to say, the UNCHS themselves don’t mention the report or its contents and neither does anyone else. It does appear, however, that the United Nations could have given them some type of grant. The article published in the well-known Belarusian internet news portal ONLINER.BY called “I leech from financial pyramids…” has the following to say about the UN Grant:
“Vasily Pavlovsky… is the deputy director for biological and agricultural engineering, which is responsible for the establishment of gardens and the development of green roofs, and there were for the Skyway project a UN grant. “We believe that this UN grant is not short term but will be in perspective and long term,” Vasily said in an interview. Let us emphasize that Pavlovsky has a rich experience in the Ministry of Agriculture and Food of Belarus – he worked ten years as a deputy minister. But his dream of promising and long-term grants from the UN could not be true. Cooperation between the United Nations and SkyWay was discontinued after a short time, and the victorious UN grant had to be abandoned.”
[nolink://burrenblog.wordpress.com/2018/01/05/das-skyway-projekt-das-phantasialand-der-traeumer-und-gutglaeubigen/ – in this Burrenblog German translation of the original article you can automatically google translate it contents via a menu on the top right of the page]
These are the only links I can find to actual connections between the United Nations and SkyWay. Speculation based on the sparse returns from the research? They got someone to publish an article in Moscow, and afterwards they managed to convince a UN organisation to give them a grant but it was later revoked and the UN have further cut all ties to the organisation having further on their website absolutely no record of this grant. Since then they make up and exaggerate all sorts of things and publish lots of misinformation about their illustrious collaboration.
The Belarusian ONLINER.BY and Burrenblog German translation with annotations, however, does mention Mikhail Kirichenko, the irritating voice behind these weekly promotion films which are filled with such ludicrous propaganda about the company. This is what the same verified article has to say about him and his bulletins:
“In the project example, there is a full information service that informs almost every day ‘investors’ about the next ‘success’. More about this kind of success and informational messages will be discussed below, but for now we meet the main ideologist of the company: Mikhail Kirichenko. He previously worked for a BMW car dealer, but generally favors a more public career… and he spends his spare time at SkyWay as a host… Kirichenko also claims that he has a black belt in karate.”
Needless to say it debunks the contents of these news reports further on in the article as a shameless tool used to make outlandish claims about the company. Its newest claims about its connections to SkyWay seem to me to be entirely spurious, and if their history on publishing misinformation about their relationship with the United Nations is anything to go by, then these newest claims are equally fraudulent. If all you can find is a document somewhere promoted by SkyWay which resembles an actual report but that is not published by the United Nations themselves, then you can go and assume that they are further unconnected and unrecognised by any organisation connected to the United Nations.
Your scepticism seems to me entirely justified.
You can view the original SDG Cities document here:
This is the link published by the United Nations organisation.
For comparison the fraudulent document posted so kindly by Sceptic above is downloadable here:
In the ‘second edition’ published above, SkyWay has essentially pasted its own promotion into the document.
By the way, hacking a PDF document in Adobe Acrobat and reposting it somewhere else with fraudulent information is piss easy.
There is absolutely no reason to believe that a second edition of a document promoted only by SkyWay is not fraudulent if it is not endorsed by the SDG cities website.
*On further investigation, I can’t actually prove that the SDG document is fraudulent. It just looks suspicious.
It is also not true to suggest that this ‘second edition’ is only promoted by SkyWay: at least it appears to be linked to the Austrian Council for Sustainable Development.
I checked the two documents page by page and apart from SkyWay there are very few differences between them. It is conceivable however that SkyWay just helped finance the project and thus earned a place as one of their financial partners.
Any individual can donate to the project via the website. It’s just really strange that WEF or the UN-SDG websites don’t mention SkyWay at all.
Kirichenko claims in his film that SkyWay attended the World Economic Forum. They evidently weren’t actually there but they show a video from a space science conference that was evidently held in Russian somewhere else.
Just because they appear in a promotion book as one of the supporters of this project doesn’t actually mean that this United Nations organisations supports or approves of what they are doing (as they claim in the film).
Anyone find any other information about the involvement of the United Nations with SkyWay?
These documents are extremely powerful evidence of deception.
Look also at the chart for CRU token purchases.
I think that anything that rewards by commissions and gives you bigger rewards by encouraging you to purchase more is a big red flag. Yet Skyway have taken this to extreme levels.
If you spend $8000 on the Skyway tokens at the present stage Stage 5 they give you tokens for $.005 each. If you spend $50 you get the tokens for $.0371 each.
The people buying for $.0371 are not expecting the value to fall so in reality the $8000 buyers are believing they just made at worst over 7 times their money. This is simply way too good to be true.
If the token is ever traded publicly then some people who bought at .005 will sell at say .006 and take a nice quick 20 % profit.
Automatically revaluing the tokens at .006 and meaning that people who bought at .0371 should have waited till the public offering.
In fact people who bought at Stage One bought for way less than .005 a token.
I a not suggesting that these tokens are worth anything or will ever be traded publicly.
There is no indication right now that either of these things will ever happen.
By the way for those wishing to examine the differences in the UN PDF and the Skyway PDF you need to scroll down to right at the end then scroll back up a little to see that Skyway has added the info about itself:
So to summarise the CRU tokens are now being sold to people for $.371 after earlier being sold for $.0016 only a few months ago. A lot of people own a lot of tokens bought at the lower price.
I defy you to show me a similar “scheme” that has worked.
The difference in asking prices is 23 times.
Previously normal and stable people are walking around patting themselves on the back congratulating themselves for “increasing their investment” 23 times.
They are also telling friends and family that they can do the same and no doubt future stages of the pre sale and then the STO proposed for October will see the asking price rise even more.
This is obviously outrageous and totally unsustainable.
Skyway is keeping complaints at bay by firstly paying people large commissions and also paying monthly dividends. In the form of more tokens. It costs Skyway zero to do this of course yet they claim in presentations that people are “being paid” monthly.
I just watched a presentation online which focused only on how you can profit and said nothing at all about technological developments.
I just got told in a FB message that the CRU tokens would be “worth 30 cents each by October so I would be crazy not to buy now”.
I am now beginning to see your reasons for operating this website OZ. I now feel some kind of moral obligation to educate people as well.
Have been watching more Skyway presentations and digging deeper. Some of the claims and promises are so ridiculous it is simply farcical.
Promises of tokens being worth $1 each etc. That would be a market capitalisation of $80 billion.
Yes the technology may be potentially useful. However if it really was then this kind of marketing and promotion would be unnecessary.
There are many big investors keen to be a part of projects like this after doing full due diligence.
The presentations are increasingly focused on potential profits rather than giving any reason why they will happen.
I am trying to be as fair and open minded as I can and I do not necessarily dislike the concept of crowdfunding.
But not by MLM (has it ever worked?) and not by selling tokens to some people for 23 times the actual price just because they do not buy so many.
This model has certainly never worked and is blatant undue pressure with zero justification.
Let’s take for example Investor A. She bought $8000 worth of CRU tokens in Stage 1 at $.0016 and has now been given some more tokens as monthly “payouts”.
She also introduced 7 friends 3 of who introduced 2 more each to do similar and Investor A has been rewarded with a stack of tokens for that.She will continue to be rewarded with more free tokens while the scheme continues.
Notice carefully that Skyway is paying out nothing to people who bought PIPES 2 years ago. They have no reason to do that as they are no longer wanting to pull people into the PIPES scheme.
So anyway by the end of the year Investor A may well own 8 million tokens.She has effectively purchased at $.001 per token.
Then look at Investor Z. Investor Z buys $63 worth of tokens now at $.0371 per token and by the end of the year may have say 25000 tokens an effective purchase price of $.035 per token.
Even if Investor A only gets a profit of 34 times her investment then Investor Z will lose money.
If Investor A doubles her money and can somehow make a sale at $.002 a token then Investor Z will only recover 5% of their investment.
If Investor Z is to make any profit at all even a $5 profit then Investor A will have turned her $8000 into over $300,000.
The time between Investor A and Investor Z purchasing is only 2 months. Skyway has not developed new technology nor necessarily signed contracts for any business profits in those 2 months. Yet they are claiming to justify a jump in value for those “investing” of 35 times. 35.
So what about those who trusted Skyway with $1000 2 years ago. How much is that $1000 worth now given that the value of Skyway has jumped 35 times in the past 2 months? 100 times? Are they looking at a pay out of $100,000 in the near future?
Why did Skyway simply not transfer the old PIPES investments over to CRU tokens at a rate of say 5 times for amount invested?
I look forward to comments about my arguments here. I am not making allegations I am just doing math.
Has anyone looked at the mine in madagascar, the source of the company’s gold.
The “PWC”/Marcus Minker audit says 22,987.41kgs of gold there. Interesting how a PWC auditor can audit a gold mine and prove how many grams are found below the surface. (Ditto for silver and copper also).
Did anyone care to look at how much copper and silver is in Madagascar? Official sources say zero.
Gold mined in Madagascar is 157kgs in 2015. If the audit report is fraudulent, what else is fraudulent?
What’s the point when Skyway Capital hasn’t declared it has any relationship with the mine to any financial regulator?
Just another meaningless marketing black hole.
It think it’s safe to say that until fund raising companies like SkyWay Capital and SWIG publish the prospectus required to sell their shares – or register their securities for legal sale – that any figures its unqualified salespeople are using about its investment products or portfolio as part of sales and recruitment meetings or via the internet are entirely spurious and fraudulent.
Their support staff provide conflicting information and you can’t trust anything they say.
It may be questionable that they are publishing spurious information about their CRUs, but you probably should do your best to ignore anything they say as it is financial mumbo jumbo designed to convince financially illiterate people to invest.
You can safely assume that until they officially register the information they provide is entirely meaningless and that they propagate it for one purpose alone: to get gullible angel investors to part with their money.
It would be more useful to share here information that verified sources publish about the viability of Skyway investment, and not what Skyway promotes about itself on its website.
In other words any information Skyway publishes about its gold mines and its CRUs doesn’t actually mean anything on its own until it is confirmed by a verified source.
You’re just publishing information directly copied from Skyway promotion and it doesn’t prove (or disprove) anything.
I know it’s frustrating that they’re peddling lies but we know that already.
Republishing this unverified promotion here, however, lends it legitimacy and credibility.
Although SkyWay protects itself with a plethora of misinformation about its dubious technology and even more dubious investment products, there are places where you can inform yourself about the true nature of the fraud and the scale of the misinformation of people who are promising a cryptocurrency which doesn’t exist in exchange for education packages for amassing wealth which are entirely meaningless.
Look at a company which is in this process of being taken down: OneCoin. DataDash YouTube channel does a good job describing the fraud perpetrated by Ruja Ignatova (who has gone into hiding) and her brother Konstantin (who has since been arrested).
Type in “The untold story of the largest Ponzi scheme in cryptocurrency history” to the YouTube search engine to hear someone informed about the abuse of misinformed investors about a scam which has been questioned and its perpetrators charged.
You’d think he was talking about new developments at SkyWay. Anything SkyWay itself publishes about its cryptocurrency is entirely fictional.
GUEST SPEAKERS AT SWIG EVENTS QUALIFIED AS MASTER-PROFI COACHES?
From now until the end of the year SWIG has arranged dozens of motivated sales and recruitment meetings around the world which have the specific purpose of selling its dubious investment products ‘CryptoUnits’ to unwitting small investors.
They advertise these events across the internet on social media and on event sites like ‘Eventbrite’ and ‘Evensi’ at various cities in Australia, Belgium, Estonia, Fiji, the Netherlands, Tonga & Spain (among others). Here’s one such event planned on 20 July 2019 in Seville:
These events are held by GUEST SPEAKERS who are united in being entirely unqualified to sell you investment products. They are most certainly not stock-brokers.
So you may ask yourself what sort of qualifications do these people actually have? They are almost all ‘MASTER-PROFI COACHES’.
So what is this impressive sounding qualification? It is something that Andrei Khovatov’s imaginary “Academy of Private Investors” just made up. This is what they have to say about this qualification:
(please note that the bad English is as copied directly from their website)
There are many companies that Khovratov claims to be the director of. None of them seem to actually exist.
There is a shell company that exists in London called SWIG International Ltd. But Khovratov appears unconnected to this company which was founded and directed by Armands Murniecks with the part ownership of Yunitskiy.
Seeing that SWIG is promoting SkyWay technology to sell dubious investment products to small investors at recruitment meetings around the world and seeing that all their advertisements seem to mention Khovratov, it would be interesting to find out if there is an actual company that Khovratov is the real director of.
According to the Crimean news portal Primechaniya.ru, SWIG doesn’t exist. This what they have to say about it:
Needless to say, the qualification that his entirely fictional “Academy of Private Investors” of “Master-Profi Coach” is not a recognised form of training.
You’d have to wonder if investment in the EIPs (Education Investment Packages) could result in investors automatically attaining the right to add this dubious, non-existent title to their qualifications.
I mean, it at least you’d get something for the money you pay them: the right to become a GUEST SPEAKER at one of their recruitment meetings and make money for them by selling them entirely fraudulent investment products.
Any extra information about the actual existence of companies that belong to the ‘Sky Way Invest Group’ family that are really connected to Khovratov appreciated.
From what I can tell the Master-Profi training that helps you to become a Master-Profi coach is entirely unfounded gobbledygook that sounds like a cross between the vague assertions of self-help books with things that you could conceivably apply to your life like ‘fulfil your true potential’ and ‘realize your dreams’ to the questionable targeted propaganda of scientology and other cults which get you to believe things by force of argument that are absolutely ridiculous.
None of it unfortunately makes much sense.
See this film for a lecture by Anete Martinson for a half an hour of meaningless self-help drivel posted in October 2018 that supposedly explains the ins and outs of Master-Profi training.
Comparing SkyWay to a bizarre religious cult is apparently not nearly as preposterous as you’d think.
You can actually invest in an intensive three day Master-Profi training programme that you have to pay for to take part in.
Unsuprisingly and extremely scientology-like, the more you train, the more it costs you.
The application of almost religious powers to a series of self-help mantras that elevate certain aspects of capitalism without actually explaining them in any real economic context makes SkyWay seem more and more like a cult.
Platitudes and marketing slogans attain the significance of prayers. It’s ‘Master-Profi Coaches’ become its priests and the Motivated Investors are its all-believing, unquestioning flock.
This intensive training programme has all the vagueness and deceptiveness of scientology auditing: we can provide you with the tools you need to help you with that.
Start believing in yourself. Donate money to the cause. Have secrets gradually revealed to you for money and we’ll eventually convince you to devote everything you have to the noble cause we share.
Sounds familiar doesn’t it?
How people can actually believe that there is some kind of connection between these vague self-help assertions and an untested and uncertified Belarusian elevated light rail transportation system evades me entirely.
Unfortunately actually understanding it is not really the point. This is the language of cults and MLM promotion which defies meaningful translation.
Inane concepts introduced in the Martinson “Master-Profi Coach training” film and mentioned in the publicity for SWIG sales and recruitment meetings includes reference to the ‘New Economic Evolution of the World’ which they refer to as NEEW as if it is at one and the same time a meaningful marketing buzz word and an epic life-changing phenomenon comparable to the second coming.
They claim that by investing in SkyWay you’ll attain secrets other people wouldn’t have access to. Another step on the bridge to total (economic) freedom.
While other people are paid by the hour, the NEEW future will mean you can make money from SkyWay investment and you will end up paying yourself!
New worshippers at the altar of this quasi-marketing pseudo-science mumbo jumbo are called ‘Neewbies’.
Stop being a Wog and join the Sea.org at Flag! Cults are good at making up new words so that potential worshippers feel like insiders privy to secret knowledge that the rest of the world has consistently withheld from them.
You can certainly go and do cult-like things by participating in SkyWay: attend meetings at the cult headquarters in Marjina Horka, ritually plant a tree to Yunitskiy who has been absurdly promoted to almost god-like status (despite his work not being seriously considered by the scientific community and certainly not being built anywhere to transport passengers) and burn money like incense at the altar to this green technology in some kind of weird self-sacrifice.
Yunitskiy has even promised that they’ll build a statue to the first devotee who donates a million dollars to his cause. This is from the translation of the Onliner.by article “Elon Musk is bullshit – bring me the money…”
By the way, the publication of this article caused Yunitskiy to respond in a way which would make scientology proud: silence criticism by scaring non-believers with expensive legal action.
Unfortunately, Yunitskiy lost his case and was forced to pay all legal costs.
And to end this discussion on a point of interest: believing in Yunitskiy’s pseudo-science is really more ludicrous star-gazing, heaven-believing poppycock than you’d probably ever suspected.
SkyWay are currently promoting the English translation of his first book “String Transport on Earth and in Space” which is basically an absurd space theory about an orbital ring that would be constructed around the earth allowing everyone to travel into space thanks to a space ladder.
Yunitskiy thought up these ideas while working for an old soviet space organisation in the eighties and published his work in Russian in 1995. Since then, no one else has attended to it more than the ridicule it deserves.
But once you start believing in unicorns, right?
This is OT level 3 absurdity: pay us to help you remove the excess aliens attached to your body to achieve super-powers. Build a green technology to save the planet. Ride a space elevator to an orbital ring surrounding the earth.
Believe this crap and you’ll basically believe anything.
It’s not just Skyway, there is considerable overlap between cult-like behaviour and the MLM underbelly.
It’s one of Kasey Chang’s favorite topics IIRC.
This is actually racist in some circles…
Among scientologists the term WOG is used to refer to people who are not members of the scientology church.
SEA.ORG is the name of the specialised organisation founded by Hubbard on a boat to allow them to travel and escape the tax system (and explains why scientologists wear navy uniforms). FLAG is the specific name they use to refer to their headquarters in Clearwater.
The intention was to use three of the most common terms that are unique to Scientology to demonstrate how cults invent words for specific purposes, as it is certainly a characteristic the SWIG are using.
Although ‘wog’ was a common term to use to refer to foreigners in local slang in Australia when I was growing up, its intended meaning here is very different.
Translation of this sentence into English from Scientologese is “Come back to our cult, become a priest in our church at our central headquarters in Clearwater”.
The particular point I was trying to make here was after the realisation that SWIG had developed an intensive training course for their ‘Master-Profi Coaches’.
This would help people understand that their brainwashing of converts has a particularly insidious training programme; it’s more than just meetings, but is a concerted effort to get people to join and train them in very specific cult-like way, explaining how SkyWay sales and recruitment meetings are apreading around the world so quickly.
This level of brainwashing also gives a better context for understanding how devotees to causes like scientology, SkyWay, or in fact any cult have other motivations than just being ‘gullible’ and ‘vulnerable’ (or stupid). Concerted and consistent attacks by cults can make people e know well accept pretty strange things about reality we would never be able to accept ourselves.
*I was also curious about OneCoin who traded ‘Education Packages’ for Ponzi investment products.
Did they actually give intensive training courses as well which pretends to be marketing but is couched in the terms of cult-like brainwashing?
Devotees of OneCoin seem pretty convinced of their cause but they may just motivated by hopes for profit.
Nah, it was just some copypasta Wikipedia PDF garbage.
Thanks Oz. So, did OneCoin invent this education package bait and switch concept to avoid regulation, or is it a recurring theme in MLM scams?
The original “5 levels” of education were PDFs for which the investors got the download link once they had bought the education.
It’s very describing that the links were open to public Internet – i.e. anyone who had the link could download the material, member or not.
I’m pretty sure copies of the material are easy to find still.
Later on when the billions started to flow in they actually bought financial education video courses from various sources, at least I remember hearing from one university professor who later gave a statement he had been approached by a company that was not OneCoin and they had agreed on general lesson about financial, which he had produced and been paid for. He was not aware the video was intended for OneLife back office.
(Most likely the shell company was the “International Marketing Services (IMS)” that has been used as front for multiple purposes.)
None of the training has ever been worth the tens of thousands of euros the investors have paid, of course.
@Otto – absolutely fascinating.
SWIG say they offer an intensive course to become a ‘Master-Profi Coach’ but what they’re actually offering is probably a set of motivated video recordings or the online ‘webinars’ they invited participants to take part in and which have been published about in various verified articles.
In October 2018 according to the Anete Martinson film on ‘Master-Profi Coach training’ they were charging ‘units’ to participate, i.e. 360 units for the level one ‘Neewbies’, 960 units for advanced etc. I assume they’re referring here to ‘education’ units that potential clients had already bought, although this is actually speculation. I have no idea how much a unit costs and how they are selling this education in 2019.
Can you trade CryptoUnits in for education packages? Although this is possible, Andrew Twelftree (another Master-Profi Coach quoted above) – suggests that you buy the education and then you get the CryptoUnits as a bonus.
Education Units? Skyway Tokens? PIPES? CryptoUnits? It’s pretty confusing. I suppose creating confusion about what these terms actually mean is part of the scam. Note that Andrew Hawkes – another MPC – suggests that how SkyWay investment products are sold is based on local legislation. In Europe, SkyWay Capital sells ‘Convertible Notes’ directly to the public whereas SWIG sells EIPS and the mother company gives you PIPES as a bonus (i.e. this how they evade the regulation). But Hawkes’d buy CLNs if the Australian laws would just allow him to do it!
Tens of thousands of euros is a lot of money to pay for a worthless PDF document! It costs about as much to do a Masters of Business in London where you actually get to attend real lectures and attain a real qualification recognised the world over.
Even if the SkyWay ‘Academy of Private Investors’ actually has real lectures as part of an intensive training programme, it is not actually based on any real marketing theory. It consists of platitudes like “realise your dreams” and very basic kindergarten start your own business marketing concepts.
Perhaps most malignant of all, they teach their Master-Profi Coaches in the third most intensive two day series of workshops how to brush off arguments from SkyWay critics.
Hard to say. They were called out on the bullshit education packages from day one.
That they were full of copy+paste material from free sources just further destroyed the “you’re not investing” pseudo-compliance.
The updated packages only came about later. By then nobody was buying the “education packages” angle except those already in the scheme.
I guess they did it to keep up appearances. Same reason they sent out “you’re not investing” memos every week for a while.
It sounds like even if the idea of selling bogus education investment packages is similar in both SkyWay and OneCoin, the actual way they exploit people with them is significantly different in both cases.
SkyWay, however, has been selling fraudulent investment products since 2014 and they’re still exploiting people today.
@Michael Todd – you could help us here by investigating what you can actually do with the investment products you ended up with.
I’d like to add here that Khovratov’s ACADEMY OF PRIVATE INVESTORS that offers this training is as far as I can tell an entirely fictional organisation that exists purely in the head of its creator and only marginally on the internet in the form of people talking about it, and an icon on various SWIG and SkyWay websites.
Still, SWIG is selling this qualification and people using it are being presented as financial experts to promote investment in SkyWay at motivated sales meetings all around the world. It doesn’t seem to be slowing down.
Here as some interesting questions about the SkyWay education packages that I’m left asking after investigating the Master-Profi coach education training:
– Is it possible for people to trade any of the investment products they have for education packages?
– In the Martinson film it says you can pay 360 units for stage one. What are these units?
– Are SkyWay still selling EIPs?
– If so, can you still use them to get (access to) the Master-Profi courses?
– What is the difference between EIPs and the Master-Profi courses? Are they one and the same or are the EIPs the units you use to pay for these courses?
– How do you attend these courses (i.e. do you attend the webinars or do you receive videos in the course; or do you attend actual events – this isn’t so outlandish considering they regularly hold different types of recruitment and sales meeting all around the world)
– How do you qualify for the ‘Master-Profi’ qualification? Do you just attend the lecture? Do you have to watch the video? Or does anyone who pays for the lectures get automatic Master-Profi status?
On the SWIG website they are selling all of sorts of courses for from 10 ‘units’ to 100,000 units. They do call these courses EIPs.
Master-Profi training courses are probably advanced EIPs. EIP Diamond is the most expensive option; EIP Beginner is the cheapest.
Read about them here: [nolink://skywayinvestgroup.com/en/courses]
*According to the website these courses are only available in Russian.
It doesn’t actually specify how much a ‘unit’ is and I don’t really want to create a SkyWay account and find out. I get enough abuse from SkyWay affiliates.
They could well be CryptoUnits. Problem with this theory? You could pay with ‘units’ in October last year before they’d introduced their fake CRUs.
I have been getting some crazy replies from Skyway devotees that show a large amount of brainwashing is going one.
A typical exchange goes like this…
Me. Do you understand that the CRU token is now being sold for 33 times as much as it was 2 months ago and that there are plans to sell it for even more?
Skyway person. That is fine because the company is worth 400 billion dollars.
Me. Why do you think that?
Skyway person. Because Skyway announced it.
Me. That is ten times as much as TESLA is valued at and even most of that is speculative and not backed by sales success.
So there is no reasoning with these people. It is like telling Christians that people cannot really walk on water or wake up from being dead.
The presentations and Master Profi courses have focused on becoming vehicles to pump the value of the Crypto Unit. They will likely keep the sales going for about 6 months until a few people get restless about wanting a return after 3 years.
It is actually quite sad to watch fellow humans becoming so brainwashed that they become so greedy and so willing to exploit others.
@Michael Todd – Did you find out how you can buy the EIPS? With your cryptounits?
Also, find out if you can, how you can become a ‘Master Profi Coach’; I’m genuinely intrigued. How much would you have to pay? Thanks on the beforehand for your help.
Zachar I will make a full report. They are no longer selling EIPS as far as I can tell. Last weekend they changed the compensation plan to reward even more people who introduce others.
To become a Master Profi coach you need to complete “training” which costs money yes. I will find out exactly how much.
About $500 is my guess.
I am intrigued by the gold mining in Madagascar. I have read that there is barely any if any at all gold there.
If Skyway really cared about whether people were buying based on supporting assets then they would document these assets. People are buying from greed and hysteria. Is frustrating to watch.
@Michael Todd – thanks Michael I look forward to read your report.
The supporting assets SkyWay says ensure regular dividends to investors like gold mines and facebook shares, however, seem to me to be entirely meaningless and made up.
I can’t believe that these imagined assets have anything to do with the loyalty payments they make.
People give them money. They say they invest it for you. They obviously don’t actually invest it but pay small amounts of it out to people who put more money into the scheme a la Madoff and they just convince those people that this money is thanks to their investment.
They can keep spinning this out until their product is built somewhere or the company goes public (which it obviously won’t because even if the technology was any good, they could never fufill the ridiculous promises their salespeople make about the technology).
If it is true they are making payments on CryptoUnits but not on PIPES they’ve already sold you shows you how ridiculous it is. How could that ever be possible?
It doesn’t make any sense and it shows you that their PIPES are as meaningless as their CRUs which they use selectively to convince people to invest.
It’s all a lie, just not a very convincing one. It’s just that with the internet SWIG has access to investors who are a lot less sophisticated than Madoff’s clients.
They don’t care about what anyone thinks about their ridiculous investment plan so long as their unsophisticated investor pool keeps on believing in their projects and making payments.
They’re also finding consistently new ways to evade the regulation.
Khovratov himself will be participating in ‘Eventi-2019’ a five year SWIG anniversary taking place in New Delhi on October 11-12.
He seems a particularly toxic individual who makes money by peddling marketing platitudes to naïve, ignorant and vulnerable investors.
…so they don’t actually pay you money as a dividend loyalty payment? They just pay you more worthless tokens?
That’s just insane, but it’s probably a business move that makes sense.
If the people were naive enough to believe in a non-existent cryptocurrency based on a set of ridiculous assets like their gold mine and their uncertified technology in the first place, they’d be as easily convinced that gaining more of them means they’re actually getting richer. So sad.
AIUI both OneCoin and SkyWay offer educational packages with which you get “free” shares thrown in.
The main difference is that OneCoin’s “educational pacakages” – plagiarised PDFs – were generally Janet and John “how to make free money from day-trading” guides.
Or basic guides to how the financial system worked (what is a share, what is a bond, copyright Investopedia blah blah).
OneCoin’s shtick was that by selling this crap they were empowering people and widening access to the financial system (by teaching people how to make free money by daytrading) which fit in with the “banking the unbanked” gibberish.
All total nonsense but nonsense with a motif.
It looks as if Skyway has rather cunningly augmented this twist by making its educational packages about how to persuade more suckers to sign up to the investment.
So the MOBE / Digital Altitude scam has been bolted on to a classic Ponzi. You get scammed by us and we’ll teach you how to scam others.
A further point of information. Some people refer to the “buy worthless crap and get some free shares” ruse as “circumventing regulation” or words to that effect.
It doesn’t circumvent regulation. It’s totally transparent. If a regulator takes regulatory or legal action, the veil will be torn down instantly.
The reason these companies escape the attention of regulators is not because regulators can’t see past their transparent ruses.
It is because financial regulators do not give a shit, and have never given a shit, whether little fleas scam each other in Ponzi schemes.
*It’s interesting to note that Italy actually prohibited against SkyWay after they regulated against the sale of Education Packages precisely because investors ended up with gift certificates for pre-IPO imaginary shares.
So a regulatory body has taken legal action, and as a result they banned the sale and advertisement of these investment products to Italian citizens.
So with their veil viciously torn down by Italian regulation SkyWay was finished, right? I’m a frayed knot (hi hi)! They just changed the name of the investment product and started a new shell company.
Invent a trendy new term that people don’t recognise and start selling the same worthless unregistered pre-IPO products to a new set of uninformed people.
Thanks for this fascinating insight into OneCoin and SkyWay abuse of education packages and regulation Malthusian.
I think it has been suggested that this action is an attempt to avoid regulation because it seems to make it harder for them to get prosecuted when they just create new shell companies, invent new names for their investment products and start selling them all over again to gullible investors as soon as regulation comes into effect.
Remember they’ve got a staff of lawyers and network marketers to advise them, write disclaimers, publish misinformation and fight their battles in court and across the internet.
Maybe regulators don’t care about Ponzi schemes or their potential victims. Nonetheless, in spite of them not caring, the regulatory warnings have saved investors who are smart enough to inform themselves before investing.
Unfortunately, we never hear about these people; only about the idiots who in spite of the warnings go ahead and waste their money anyway.
People are certainly still duped despite regulatory warnings and prohibitions but this is in spite of and not because of the indifference of regulation.
The legal system is slow; the regulation system for prosecuting companies is probably even slower. But there has been a lot of regulation against SkyWay. The question remaining is whether or not this regulation has been effective.
Considering how quickly scams like SkyWay adapt to regulation, it appears to not have really helped much.
**It should also be noted that SkyWay and their affiliates really don’t like regulation at all.
The propaganda war being fought on Wikipedia often involves attempts to suggest that these warnings are based on outdated information or referring to the activities of companies that are unconnected to the SkyWay technology.
They misdirect all of the over place so that attention is removed from regulatory warnings and prohibitions.
@Malthusian – I’d really appreciate your advice. The marketing section of the Wikipedia article on SkyWay has two relatively new paragraphs concerning the Education and Investment Packages and their fake crypto currencies.
After the regulatory warnings are mentioned, EIPs are introduced in terms of the articles published about Italian regulatory action against the company. This is what it says:
“To circumvent these regulatory warnings, the company ‘Sky Way Invest Group Limited’ started marketing ‘Educational Investment Packages’ (EIPs). CONSOB, the Italian financial regulatory agency, banned the sale and advertisement of these investment products in February 2018 because it turned out instead of receiving the “investment training courses” advertised, customers unwittingly ended up with “gift certificates” that could later be converted to company shares on the occasion of its IPO.”
If you disagree, how could the sentence “to circumvent these regulatory warnings” be better worded? Did they start selling education packages for a different reason? I’m really interested to hear what you think.
Here’s an account of the sale of Education Investment Packages in a recent article translated from Italian.
It may provide some insight into the motivation for Yunitskiy to employ Khovratov and his Academy of Private Investors to start selling financial training packages to raise money for SkyWay:
[from: Questa monorotaia non esiste (12 June 2019) This monorail does not exist – ilpost.it/2019/06/12/skyway-monorotaia-investimenti/]
Sorry to divert from this interesting discussion, but this has to be seen to be believed. The RTA are currently claiming that their SkyPod system was designed by a Hong Kong architect LWK+Partners.
The article which appeared in “middleeastarchitect.com” on 20 June 2019 doesn’t mention either SkyWay or skyTran but it does include the same set of facts that appear to be copied from SkyWay promotion (8400 passengers per hour).
Furthermore, the illustrations include copies of what appear to be both skyTran AND SkyWay designs.
What is going on?
You can read the article here: [www.middleeastarchitect.com/43703-new-skypods-designed-by-lwkpartners-planned-for-dubai]
Thanks to belbo of the PSIRAM.DE discussion thread for sharing this information.
I would either say “In response to” rather than “To circumvent” or remove the first part altogether and simply say
SkyWay’s motivation for offering “EIPs” is non-verfiable.
I would avoid getting too bogged down in Skyway’s made-up acronyms for its illegal securities. The regulatory warnings are the important bit.
Thanks Malthusian. Your comment actually got me immediately worried about this sentence so I went to the translation of the Italian article posted above and change it as follows:
The company “Sky Way Invest Group Limited” also launched financial training courses for a fee which it marketed as ‘Educational Investment Packages’ (EIPs).
My first change was indeed just ‘started marketing’ as you suggest but then I decided to be extra safe and quote the Italian verified article. Thanks again for your astute observation on this subject. I appreciate it.
I wonder if there are some concerns at the higher levels about potential regulatory issues as this was posted a few days ago by an Admin on the SWIG FB group:
Clearly some scammers are taking the bogus EIPs as just that and promoting SWIG as selling shares/units directly.
A follow-up question was
Which drew the response:
This pseudo-compliance has not worked for any MLM scheme with regulators in any jurisdiction ever.
@Michael Todd, re the ficticious gold mine, the material I’ve seen says it’s in Tanzania and there was a post on the FB group about a month ago asking:
With the response
So, the avoiding of the question tells me the mine is ficticious, but the “White book”, and mention in my previous post about pursuing neccessary licences is interesting.
Of course these are most likely lies in response to more and more people asking why they’re not able to legally promote purchase of shares.
While the “We sell EIPS with free CRIPES, we are pre IPO and post FFS, ting tang walla walla bing bang” nonsense has indeed never worked with any regulator ever, it is a good excuse to kick liabilities off the bottom of the pyramid.
If someone mixes up their STO with their STD and they’re not bringing in enough new money personally, then you terminate their IMA contract, keep all their money and reassign their downline.
Having to remember all this nonsense also keeps scammers and wannabe scammers mentally occupied.
It is a bit like how intellectuals in medieval times spent long hours arguing about whether God was one in three or three in one, or similar meaningless questions with no answer.
It kept their minds occupied and stopped them from questioning whether there was a God at all.
Unfortunately, the bait-and-switch operation continues unabated in New Zealand and Australia. In New Zealand they have issued a warning about the company but in Australia they seem to be taking no action against the company.
Meetings of SWIG groups with Master-Profi Coaches who actively promote selling EIPs and gifting fake investment products like CRUs have been planned in the coming months all over Australia and New Zealand.
The ASIC doesn’t even seem to intend to regulate against the activities of the company. It seems to be working fine for them or at least the regulators aren’t doing anything to stop them.
Maybe if someone points this operation out to the regulatory agencies in these countries they will regulate against them?
I fear we’ve already tried that without success, but there’s no harm in trying again as people seem convinced that regulation will rip through this dubious operation.
ASIC couldn’t regulate a Ponzi scheme if it was operating out of their own offices. It’s a lost cause.
Unless a company has a physical presence in and is actually operating out of Australia, just assume any suspect MLM scheme registered with ASIC is a scam.
*I don’t actually think that SWIG are registered with the ASIC.
Rod Hook’s company “Skyway Transport Australia Pty. Ltd.” is registered with the ASIC but I don’t think they have anything to do with foreign fundraisers like SWIG or SWC.
The “Stop SkyWay” website includes a lot of links to verified Russian news portals as well as various opinions which you can automatically translate from Russian into your language of choice, and many of their links are to verified news senders which is useful if you can’t read Russian.
They do sell anti-SkyWay merchandise which makes you wonder what their motives are. You can get “Stop SkyWay” T-shirts and mugs!
I suppose since SkyWay has been selling SkyWay blow-up cushions and other retail products I shouldn’t be all that surprised.
The following article on SWIG is unambiguous in its criticism of Khovratov and it provides links to YouTube films which shows him directly making claims like “Andrew Hovratov says that sales training courses need “for the legalization of fundraising “I wanted to get shares, bought the training and received shares as a gift”, and that ” this method of funding achieves perfect harmony with the laws of different countries”: Khovratov invented this system to circumvent the restrictions of national regulation.
Whether or not he is successful in doing that is moot. According to Oz, seeing the ASIC couldn’t regulate themselves out of a cardboard box, he’s got free reign.
Malthusian suggests that if regulatory agencies questioned the education package bait-and-switch scheme, they’d crumble automatically but that they don’t respond because they don’t care about Ponzi schemes.
[resource on Khovratov’s SWIG operation nolink://stopskyway.com/swig-lohotron/]
Maybe this method would not stand up to regulatory scrutiny.
I think, however, that the point here is that his intention is very much to evade regulation according to posts Khovratov sends to his salespeople and that up until now the agents who operate entirely independently in New Zealand and Australia (and in fact any other place they are operating illegally) are continuing to perpetuate this particular scam operation with reckless abandon.
From films posted by Andrew Hawkes, Rita Ashin, Andrew Twelftree, Alena Pepina and other Master-Profi Coaches, you’d think they were entirely unworried by the fear of operating illegally.
I joined about a dozen Skyway FB groups some of the stuff in there is absolutely incredible.
Latest post in one is about how much the CRU token will be worth in 9 months and what they will all do with the millions supposedly coming their way.
These are real people posting in apparent full belief that they just turned $1000 into a million. And some of them are banking on even more.
The CRU unit originally sold for $.0012 will be worth $250 each according to several posters. In 9 months time.Asked why or how this could happen their response is because that is Skyway’s price prediction.
Some of these people are university educated or have their own businesses. I have seen the One Coin saga “develop” and I watched the Madoff movie but this is next level stuff.
Isn’t this like every cryptocurrency group ever?
Next up: “when moon” and “Lambo” or pictures of Ferraris
OZ yeah I have seen groups hoping for say 10 times profits on their “investments” but these Skyway people are being asked for their profit projections and saying 40,000 times!
$32 million for their $8000 payment. And I am the only one in the comment thread questioning how this could possibly happen.
80 billion tokens worth $250 each would be more than the value of every stock on the New York Stock exchange put together.
Thank you for helping expose this stuff I am renewing my efforts to learn more.
Similar situation with OneCoin. Tim and some of the others routinely calculated the full worth of the points was like more money on the planet (forget the specifics).
They’re getting a “celebrity” on board now (www.youtube.com/watch?v=3_pGMGqKDOA), which unfortunately will be another thing to help convince the gullible that Skyway is legitimate. I wonder what they had to offer Seagal, or if it’s a desperate attempt for him to stay relevant.
Here we see another Skyway video which shows the vehicle moving very slowly, at nothing remotely like the speed it is supposedly capable of.
Uh really, Steven “Bitcoiin” Seagal?
Spose it’s not that far-fetched. Skyway Capital is a Russian Ponzi scheme and Seagal is a Russian citizen.
edit: lol he’s blabbing on about wooden houses and home-grown garden vegetables…
Ohhh, now i know why Steven Segal went to the Eco Park.
He is planning a new B-movie with SkyWay equipment used as props.
Another source for earning money. I’ll bet Skyway will ask their members to buy some more crypto to fund this movie.
A blockbuster with a ROI of 100.000% in the next 3 years 🙂
I am following Skyway for about a year now and i have also joined Andrew Twelftree’s YouTube channel regarding SkyWay.
First you see a short presentation and then there is a meeting between members via webcams.
You know what… i will miss all those people (some are sleeping while listening to Andrew) when SkyWay implodes. All those (simple) men and women who actuelly think they will become a millionaire around mid october 2019 (big event in India). I am laughing every day watching this bullshit!
But is is also hard to see all this people will eventually be throwed back and some of them will be broke and lose everything.
Mid october, then Skyway will be on the stock exchange if i can believe the stories. I am curious what bullshit story they come up with when there is no exchange…
Further notices about status of Dubai project…?
Not too much. SkyWay Capital in “News” section:
brags about their project mention in the german web site “Urban Transport Magazine”.
I am not sure if this mention is positive. Title is:
“New SkyWay transport system for Dubai?”
Note the question mark at the end.
Article is quite brief and shallow. It states general facts (“Dubai is a huge city and needs modern transport means”) and known facts (“Memorandum of understanding was signed on 30th April 2019…” – well, it’s not exactly true, it was signed in February):
Article further states that project overall impression is mature, but on the other side it expresses the doubts about the real transport capacity (and even in their own assessment operates with over-optimistic estimation of stop/loading time – 20 s is not definitely enough).
Skyway tries to dodge this failure objection and speaks about virtual “trains” of gondolas… which were never show (even not in CGI presentations).
My guess is… the track and the station design shown in CGI presentations and in the test facility at Mariina Gorka… are not capable to carry more gondolas at time.
Mention of the problem with air-conditioned gondolas and non-conditioned stations “interior” is not substantial, although SkyWay spent the whole three paragraphs to “explain” this “issue”.
The last and most essential objection in the end of the article in magazine remains unaddressed:
“In addition to the technical uncertainties, information about the fundraising concept and the long-term financing of the technology is limited and contradictory – equally scarce remains financial and economic data about the company itself.”
BTW – Urban Transport Magazine is not very relevant source anyway.
Based in the end of the year 2018, with about 80 articles published so far (since February 2019). According to WhoIs service, domain owner is hidden. Editorial board consist of 5 writers. Alexy rank is 4,269,254, more metrics are not available due to “not enough data”.
Even the SkyWay Capital portal has better rank 47 045 (Lower figure -> better position… Google . com is ranked 1, Facebook 2).
Celebrity endorsement is a huge red flag especially someone like Seagal. This is going quickly from bad to worse.
Incredible to watch this level of stupidity and greed from previously normal level headed people.
Why they think that somebody like this gives them “credibility” totally amazes me.
Seriously guys? So for being so bad and such a big scheme and SKYWAY not being interesting for most of you. It has had you all wasting your time and discussing the subject for monthssss!!! Hahahaha!! Well done.
Do you think if it was such a big fraud it would have been running for years, since 2014 that it started fase 1? Seriously?
Fase 13th it’s nearly finished, after that 14th and 15th and then stock market. Time to time! But so far I am in. 250$ can give you 7000$ In a short future.
This is like when Facebook, Apple, Google, Alibaba… started. How many believed in it? Very few.
Who invested there a 100$ 10 years ago now have 1.000.000$ worth of shares. Best of luck!! ❤️
Sure, any Ponzi scheme can continue to run if it continually collapses, reboots and attracts new investors.
Seeing as neither of those companies are Ponzi schemes, bullshit.
Actually most who joined ten years ago have accepted their losses and quietly left.
The only people still promoting Skyway are those still in denial about their losses, or dumbasses such as yourself who recently joined.
Luck has nothing to do with it, sorry for your loss.
SkyWay has no operational projects, no products to sell. So no structual income of their own.
Facebook, Apple, Alibaba, etc. did have products to sell. That is a big difference.
SkyWay has nothing but their testsite near Minsk. And only one train at the same time on the test track. So mass transport has not been done by Skyway.
It will take many years to reach that kind of level (safety, communication, hardware/software, automation, power distribution, certification, etc.). So… no products…no operational mass transport system…. nothing.
That is why (SWIG) moves from transport technology to cryptocurency and their so called 21 investment assets.
Oh, but wait: they have also bank licences now… I could not verify them in the public registry of ECB for example. Maybe someone else can?
B***S***. SkyWay is all about collecting money from people with no knowledge of technology and financial products.
Well, let’s see what the Ecofest 2019 will bring us. Another testtrack with a container transport train (only one of course)? Or a scale model of their new designed drone? Looks like one taken from a transformers movie.
That kind of drone takes a minimum of 20-30 years to develop. Or the eco city. nice 3d cgi graphics. Their space program, etc. Maybe stolen from the Venus project???
SkyWay is very sophisticated scam. That i have to say.
You are right about the ridicilous high returns, given by SWIG. However, SWIG is an agency that has Skyway in their porfolio.
Skyway and SWIG are totally different companies. It is like you accusing the farmer because the supermarket is advertising in a fraudal way!
Crypto Unit (CRU) is also the token of SWIG! The token of Skyway has the name Skyway Global (SWG).
Skyway Capital is the other agency that has permission to sell Skyway shares. They do it in a right way: transparant and correct.
Conclusion: in my opinion is SWIG a scam. Skyway has been used by SWIG to collect money. Skyway has products, is building in Emirates and has several orders signed worldwide.
So, I hope you do your homework right next time before Skyway bring you to court for lies; you should not be the first. But even better, take these recommendations into your article!
Yeah no, don’t try and pull that potato farmer crap here.
Skyway Capital == Skyway == SWIG == all the rest of the bullshit shell companies. It’s all the same scam and has been since we first reviewed Skyway Capital’s bullshit Ponzi returns back in 2016.
No. Skyway has no products. All promised “addressed projects” were only a carrot fluttering above your nose.
Dharamshala in India? Nothing.
San Bernardino in Switzerland? Nothing.
Sharjah in UAE? Yes!
But wait… all they started to build in Sharjah is a private test grounds, showcase and development facility only… and missed the deadline for the project. Current status of project is uknown, new “deadline” was not revealed.
Sorry to break your dreams, but next amusement & theme park (in Mariina Gorka and Sharjah) is not commercial transport project to generate reasonable revenue.
All “signed contracts” are merely “memorandums of understanding” with universities, research centres, local governments – image making and PR activities only, in fact vague and empty gestures. It’s very far from real commercial contracts.
Hi. My father has been involved with Skyway now for six months. For many years he has been dabbling in various MLM schemes (scams) always hoping that the next one will be THE one.
I’ve tried at length to explain that Skyway is a pyramid scheme but he believes all of the promotional material.
This is the latest message he sent me…
Asking for documented verifiable evidence for any of those dollar claims should be enough to bring out the crickets.
If not then maybe it’s time to accept your father is a lost cause.
According to this chart below. $70 billion is equal to the GNP of @72nd richest country in the world.
A ridiculous claim.
If ANYTHING about the above statement was true, they could just show the financial/contracts to the hedge funds/banks & be given many billions.
Yet they are after small amounts random individuals $ like your father ?
Indo Robbo my father is the same. I totally understand.
He’s been involved in MLM after MLM and been hanging in there with skyway since 2015! Keeps saying it’s about to hit the stock market next year blah blah for nearly 4 years!
Now he’s deep in the sto/cru token cryptocurrency story – whatever the latest scam it is.
I’ve reported it to ASIC ( who don’t care unless you personally have been scammed) and reported it to FMA NZ (who have just released a fresh warning).
He tries to recruit myself and my family every time I see him, so I’ve just had to cut him off.
Unfortunately there’s no fixing gullible people and I’ve learned they will believe what they want to, despite solid evidence to the contrary and arguments from loved ones. Good luck.
Hmm… $70 000 millions for 15 km long track? 4 666,66 millions for one km? Ridiculous. It doesn’t seem to be effective and costs saving solution (one of the arguments SW is operating with).
Costs (usual, open sources) for one km of high speed railway, resp. highway shall be 100x, resp. 1000x less.
Plese note: in EU countries billion is 1 000 000 000 000 (10e12). In anglo-american countries it is 1 000 000 000 (10e9).
This different translation could make even more mess.
In comparison made above I used 10e9 meaning for value of SW contacts. Using 10e12 interpretation would be even more absurd.
No. They even did not started. Not a single km of track.
No signed contract (signed vague memorandum of understanding cannot be counted as valid contract).
They won’t listen, but I’ve found this is the best way to understand it:
MLM stands for multi-level market-ING! The scam method doesn’t change with the company. Think ly-ing, cheat-ing, conn-ing etc.. Doesn’t matter where, who, or what, as the definition of the act stays the same.
MLM is not an entity. MLM-ing is endless-chain recruit-ing aka pyramid schem-ing.
Yeah, those that don’t join MLM know this well. We also do our best to convince our family of this. But it becomes like a cult and it’s incredibly difficult to reach someone once they’re involved, especially if they are disillusioned with everyday life.
Unfortunately there are vulnerable and gullible people out there who genuinely are just not capable of seeing behind the smoke and mirrors of elaborate schemes and they continue on.
That said, I’m sure there are also plenty who join and obviously create these schemes with the active intention of scamming others, I acknowledge that once people are actively recruiting within a scheme, that their intent doesn’t even matter at that point anyway and they become just as culpable.
I believe the only thing we as family can really do, is report schemes to authorities and just try and educate others who may consider joining.
How can I report this to the authorities?? This is so annoying and family members are continuing to be crazy about this scam.
Depends on where you live.
Probs not much will happen unfortunately. Russian Ponzi has its tentacles in deep and the Russian govt doesn’t give a crap.
And what about the Skyway Dubai track?.. nope.
Unfortunately not Skyway but Skytran has signed a MoU in Dubai: gulfbusiness.com/dubais-rta-signs-agreement-skytran-suspended-transport-systems/?fbclid=IwAR2nT-6XMUAm4KycWoVFDpsF6Nrh-a9TVGSqdsFfJpD0yeFhDmZOj8cWOeE
Skytran is an american compagnie with an identical idea but with a much modern technology (magnetic). See Skytran.com.
All Dubai Skyway presentation videos and pics were Stollen from Skytran! The Skytran cabins are also called Skypods.
Going gangbusters in Oz and NZ – where is ATSIC when you need them?
New Zealand Financial Markets Authority have reissued a warning about Skyway.
Sad that the Pasifika comunity is being targeted theindustryspread.com/fma-skyway-capital-swig-scam/
Inbe4 Hay guys we’re building skypods through The Shire!
Instead of re-issuing warnings, go and round up the local promoters. Problem solved… but they won’t until it’s too late (if then).
You can make a complaint about Skyway here: fma.govt.nz/contact/make-a-complaint/make-a-complaint-online/
Or if in Australia scamwatch.gov.au/report-a-scam
It is ridiculous that ASIC is doing nothing. Since the last warning that FMA have issued in NZ all recruitment seminars there have been removed from Eventbrite (and they have to resort to have people private message them for address of events on Facebook thus severely hindering their recruiting).
Issuing warnings in individual countries DOES work to slow recruitment.
Please anyone in Australia take the time to report it and hopefully kick ASIC into action.
I will call ASIC tomorrow I have been learning more and more about Skyway and none of it is good.
It makes me sick to see innocent people cheated like this. The crazy claims of potential profits are just ridiculous.
They clearly aim to get rid of all reasonable people so only desperate people are interested and ask questions.
Is just like the Nigerian prince email scammers with deliberately bad grammar and spelling so that they do not have to engage in messaging with intelligent people.
I made some calls. A higher level complaint can be made in New Zealand to the Commerce Commission at this page: comcom.govt.nz/make-a-complaint
If it was a scam, why would they bother building in Sharjah & soon in Dubai? please explain…
1. Dubai has been abandoned (it wasn’t anything more than smoke and mirrors to begin with)
2. you can’t legitimize a Ponzi scheme through association
3. the reason Ponzi schemes come up with crap like this is so scammers can use it in their marketing, e.g. “if it was a scam, why would….”
Dubai hasn’t been abandoned as you claim…. if so show me evidence to substantiate that… I repeat why would they bother spending those extreme amounts if it was a scam, we are not talking small jobs here…
How much do you think Skyway has taken in over the past few years ??
How much do you think Skyway is spending in Dubai ?
How many victims do you think will be taken in by the Dubai story and how much will Skyway make from them ?
So, spend a few grand, take in twice as much
Sounds like good business to me
A few Grand? Just to be clear I haven’t invested but I am providing balance here… Most of what I have read above requires substantiation much the same as Skyway needs to show proof.
I’ll give a couple of examples… Zorro says above that Skyway has used all of Skytran’s pics and info… That is clearly BS Skyway has it’s own testing facility (another huge cost) in Belarus Thousands of people have seen & ridden them.
Oz said that the Skyway job in Dubai has been cancelled… Incorrect.
It’s an easy throw away line to say that they would spend small amounts to attract more money, but surely between the Belarus testing facility, the Sharjah buld & the Dubai build this is a bit more than a front yeah?
Pretty simple business model to spend less than you bring in initially yeah? I mean you don’t spend more than you have…
Yeah, right – so, you were just surfing and happened to stumble across the forum and decided to jump in and provide some “balance”
You seem to be labouring under the misapprehension anybody cares whether you think Skyway is in any way “legit”
Join, double your investment, cash in your retirement.
Skyway will STILL be the fraud it always was whether you want to admit it or not
@Cheese See the message #285.
Skytran (USA) has signed the Dubai contract, NOT Skyway. Is it so difficult to understand?
You mean the same Skytran that don’t even have a testing facility yet? When you get a spare 5 minutes do some research on them mate…
Since you know it all…you should go all in.
You will get rich…quick.
Nice bit of sarcasm champ… It’s called due diligence… A few earlier comments at the top were interesting and I have been studying them, but nothing recent is news… Just because I disagree doesn’t make me wrong?
Whenever I invest I like to read both sides of the story… not happy with that?
Skytran Test Tracks:
-California, USA: Sub-scale physics demonstration in partnership with NASA
-Tel Aviv, Israel: Full-scale flight demonstration in partnership with Israel Aerospace Industries
-Under construction: Texas, USA and Mexico
“Real” contracts already with Dubai, but also with Israel:
US company SkyTran has signed a memorandum of understanding with Eilat to build a Jetsons-style elevated rail system that will cross Israel’s southernmost city to the newly opened international Ilan Ramon airport.
Also soon in India:
Soon also a Track in Lagos (Nigeria):
A Skyway test ride at the EchoFest:
The Skyway “Technology”:
You are right… some info provided here by SkyWay opponents is not accurate.
Well… as far as I know, SkyWay has it’s own presentation with SkyPods gondolas prototypes (models) and CGI animations.
SkyTran has also it’s own presentation. However, some local tech journals have used by mistake a picture from SkyWay presentation as illustration for the article about SkyTran.
Zorro’s statement “All Dubai Skyway presentation videos and pics were Stollen from Skytran!” is not true. To be fair.
Let me say… construction works on project has not been cancelled, because project have never existed. So it cannot be cancelled. 😉
Nowhere (even on propaganda SkyWay News web pages) has been announced conclusion of this contract, nor the beginning of the construction works.
Only a memorandum of undestanding (MoU) was signed with Dubai officials and video with SkyWay participation on presentation of proposed “Project Happiness and Leisure” was recorded… all this is too far from the real construction contract.
…is a functional theme park with couple of attractions for stupid investors. Prototypes running in speed < 50 km/h. Instead of promised 150 or even 500 km/h. Far from promised large transport capacity of 20 000 passengers/h. Tracks not suitable of testing & certification process.
I hope nobody will be injured or killed at accident here (as the whole facility is a private show with no legal and safety certification for public transport).
…is probably abandoned. Private grounds had been bought and the construction of some facilities has been started in September 2018.
Something shall be finished on April/May 2019 according to original plans… but instead of this SkyWay issued a BS excuse of delay… and promised not to publish any more info till the facility is accomplished. And this has not happened so far. Is not it strange?
As I said above, Dubai build is fictional plan only.
Sir First Understand the Difference between MLM and MLCI Concept.
The Report you have Given is Entirely Fake You don’t Even the Person who is Heading CRU Tokens You need Deep Analysis.
You are Just Putting the Company Name for Blogging. If you have a Brain First Study About Anatoly Yunitskiy He has Put a case on Luthania Govt for Saying Skyway as Scam The case case went on For years But Luthania Govt Failed to Prove without Any Evidence in Court as Skyway.
Dont Put Blackspots on a Inventor for Your Bullshit Views.
Let’s Wait and Watch in Next Six Months Whether CRU Tokens and Skyway Project are Gonna Come Live in Market.
If Skyway and CRU is not a Scam have a Daring to not Blog about any Companies and Exit From from Lifetime Blogging.
And with Dubai in the rear-view mirror, here come the gullible Indian investors.
MLM comp plan = MLM company. It’s cute you’ve come up with a new “we’re not MLM!” term of the month, but it doesn’t change Skyway Capital’s comp plan.
Some Russian. Who is running what shell company doesn’t change the fact Skyway Capital is a Ponzi scheme.
Nope. Didn’t happen. That’s why you won’t be able to verify your claim with any documented evidence.
Let’s not. Skyway Capital is the same Ponzi scheme it’s been for years.
India is the new gullible suckers market and scammers like you are already working toward stealing from your fellow countrymen.
I went to one of the Skyway meetings in London. The promise of gold pots in few years time made eyes sparkle to 80% of the people in the room.
99.9% MLM is scam. I haven’t found a single company which does MLM and have sustainable future. Once there is no new people which sign up company is done.
Even I was interested. After doing my own research for a week i found out it’s very hard to get any “account declaration/submission” from this company.
1st thing to check to see where company is spending all the money which comes in. maybe… just maybe, Skyway is legit but there are too many red flags to be ignored. They have fraud warnings issued by different governments.
The new item they are showing down everyone’s face – token CRU. nobody can answer what is the use case for CRU?
with simple google search anyone can create their own token with unlimited supply – as long as you get buyers you are in clear.
I tried searching for CRU contract on ehterscan. nothing comes up… i tried searching for CRU contract someone on different blockchains – nothing comes up.
If this is legit – I’m happy some people are trying to change the world but 99.9% this is scam… I’m sorry for everyone who falls for it without doing any research.
You mixed the two things… First SKYWAY Capital and SkyWay Invest Group (SWIG) are two different entity… but both are granted contract to market the SALES of Shareholder certificate and has different PayPlan. By SkyWay Technologies Inc. it’s like one real estate developer with various Real Estate Brokers.
Yes…CRU or Crypto UNIT Tokens by SWIG is totally separate from SkyWay Technologies Inc tokens offerings. This gives Monthly Dividend now.
SWIG as a different education marketing company can sell their other products,
I don’t see nay SCAM on that. A lot of companies offer shareholder plan prior to IPO.
Some investors are on their way to the SWIG India Event. In the coming days they will get some training from the masters of scam.
I am curious if SWIG will announce they will go to the Exchange for their cryptounit. I am sure they will not. They shall come with another bullshit excuse.
As a compensation they will announce a new invention, idea or big investment. Off course this will be split into stages so the scam continues…
The SWIG management will get some loud applause and all will start over and over again.
No they’re not. Both are part of the same Ponzi scam, along with all the other shell companies Skyway has set up.
Step 1 in scamming you is convincing you these companies have nothing to do with each other.
Nothing but total lies and cheating has come from this company in the past 3 years.
I have zero expectation of ever getting the money I sent them 2 and a half years ago. Have asked several times keep getting told to be patient it will be worth 1000 times very soon.
Is a joke
The news coming out of the recent SWIG event in India is that the STO of the CRU, which was to happen very soon, has now been pushed back to March 2020. Reasons given were the usual BS that anyone following this will have seen countless times before – better for investors in the long run, more security, not “losing control of the database” by having to detail unit holders and their holding etc. etc. Obfuscation after obfuscation. How people keep believing this is beyond me.
And if you’d like a laugh, check out a new video “hymn of SWIG” they’ve released – the appalling translation of the lyrics to Engligh is particularly amusing – and indicative of the general professionalism of this “company”.
Anyone heard of Skyway Ind? Anyone know if it is the same scam?
If it’s connected to Skyway it’s likely a shell company they’ve set up to fleece Indians through.
After Dubai ran its course Skyway set its sites on India. They’re probably desperately running around looking for a corrupt official to sign some more memorandums of understanding contracts.
They’ll then use those to market to gullible Indians and when investment runs dry move onto another country.
The reason I ask is it was run by a Russian spy that was washed through a Czech University to get him into the United States.
He goes by an alias, but his real name is Solomonov. He registered a now defunct SkywayInd dot com.
It was hosted on a GoDaddy Server but he may have used it as a KVM console. He’s also associated with a PayHap LLC.
If this sounds familiar to anyone, please let me know.
Oh. In that case no idea. Good luck with it.
What is the track record of the CEO of SkyWay Capital, Evgeny Kudryashov, who seems to deliver Yunitski most of the SkyWay‘s finances via SkyWay Capital?
This guy has set up a webpage back in 2013 with various scams, from which he profited. He has deleted the webpage once these scams busted, but someone backed them up in the internet archive and thus we can still peek into his history:
The site is in Russian, so we need to use google translate to read it. We can check where we should have invested money back in 2013 according to Mr. Kudryashov. He has suggested scam Macro Capital and likely earned referral income from this scam:
He has also advertised MMCIS, which is another company that ended very infamously:
There were 5 more very suspicious suggestions on his webpage where to invest money even at this single point of time.
I don’t think that any legit company would gather capital via people with a track record like this.
Now November 2019 and this scam is still going strong? This all highlights the need for an international police force to deal with these kind of things.
Skyway “Master Profis” are jumping from country to country, gathering up money from greedy and gullible “investors” with impunity.
They purchase licences and accreditation which gives them fake credibility. Is simply amazing that people do not run a simple google search before handing over their cash.
I guess that it is a large number of relatively small amounts and most people are too embarrassed to say publicly that they have been scammed.
Yes, the scam goes on…
Now slowly they are changing their name and logo from SkyWay Invest Group (SWIG) to N.E.E.W (New Economic Evolution of the World) or something.
Off course they didn’t went to the Exchange last month. That is now scheduled for march. In the mean time they will release new tokens or cryptounits.
This scam is slowly moving away from SkyWay as planned. So Unitsky can say he doesn’t have nothing to do with it. But we all know SkyWay Invest Group = SkyWay Capital = N.E.E.W. = SCAM!
Yes Oz please reflect this name change in the headline of your review. 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.
“New Economic Evolution of the World” is a rehashed catchphrase Skyway has dug up from 2017.
If they launch anything significant under it we’ll revisit. Otherwise there’s not really anything to note other than a name-change.
They’re also forbidding their “partners” from using the terms Skyway or SWIG in any promo materials and especially from talking about the “rapid development” in the Middle East.
Given the $4 trillion (or whatever it was) valuation of the company was based on Skyway tech, not being allowed to mention it seems very disingenuous.
Thanks for the heads up!
So…if anyone is mentioning the name SkyWay, SWIG or SWIG PA their account can be blocked???
Investment gone… account gone… This is real criminal scam.
These people are criminals and must be arrested as soon as possible.
I have alerted the police in New Zealand and Australia to the change of name and NZ police say they will reissue their warning to take this into account.
Australia does not seem to think that it is a big deal yet unfortunately.
I guess they will keep this NEEW name for 6 months or so again and then change it to something people cannot search for.
I am so frustrated by this NEEW Skyway scam. Today I am spending some time making a list of New Zealanders involved and all details I can find about them.
I am then going to make police complaints about all of them. This has to stop and money needs to be returned.
I note from the comments above and from what I have seen on fb that there has been a blanket removal of Skyway (in all of its iterations) to NEEW.
Do you think that this is purely an exercise to distance themselves from any financial regulatory warnings that have been issued in the recent past?
Or, has the Skyway pitch run its course and they are now looking to sell this investment portfolio bullshit to continue fleecing gullible and naive investors to pay into to this global pyramid scheme?
Any thoughts welcome. Thanks.
Another flagrant use of bought reputation for SkyWay (well, quite frequent case when looking at these dubious companies)…
Onboard “OnAir” magazine (the one you can find in the back pocket of the seat ahead you in planes) bring a positive mention of SkyWay string technologies and Junitskij plans.
Of course, this positive reference should be highlighted in SkyWay News:
Somehow, SW forgot to remove “на правах рекламы” ( = advertisement) at the top of the page with an article. No matter how much the article tries to pretend to be unbiased general info about upcoming trends, it’s clearly paid advertisement from SW.
But bragging “news” section on SW site present this article as a SW success… well, it is… a success of SW PR department. They fooled again some other company and got cheap reputation by association.
There is no info which flight operator issued this onboard magazine, so it’s hard to poke the company and tell it about problematic content (in fact, this content is a promotion of a criminal activity… would they publish in their onboard magazine “info” where to find best drugs dealers in the city?).
Can eventually anybody identify the flight operator issuing a magazine and pass it an echo?
In be4 “oMg NeW sKyWaY cApItAl MoNoRaIl PlAnEs!”
Oz, don’t be so chicken-hearted, unambitious and earthbound. Planes are not the final goal at all! Space stations connected by strings and string like tubes (hanging by some magic in the space) with land supply bases and passenger terminals is what Junitsky dreams of!
Does it sound ridiculous to you? Than you are a coward! 😉
And in the meantime (while the space stations are being built)…
…SkyWay celebrates construction of Zero kilometer of their TransNet landlines!
But hey, why stop at space stations. When can I buy my own Skyway monorail tube planet?
Skyway Capital and SWIG are two different companies run by 2 different people who both fund raise funds for Skyway and in return they get s share of Skyway.
I do not think you can compare the two companies. Swigs (in my belief) is a separate investment,even if Skyway collapse SWIGs will stand on their own.
Do you know of any SCAM company that is now on the Ethereum platform???? Well I heard the CRU is now on that platform.
I read tehe above and the writer has confused the two,and many things memtioned are false, I do not know who did this research, its almost 1 year our of date anyway.
Nah. Same bullshit run by the same scammers. All part of the same Ponzi scheme that’s rebooted itself umpteenth times since we started tracking it in 2016.
Every few years Skyway Capital changes its name, puts some puppet scammers in place and we have desperate investors coming on here trying to defend the Ponzi.
Yes, every single MLM crypto company.
To reiterate; Skyway Capital == Skyway == SWIG == every other shell company they’ve come up with and will come up with in the future.
This made me laugh ETH blockchain is easiest to create your own token with unlimited supply. Most if not all scams use it.
I follow their group on fb as I went to 1 meeting some time ago in London. I saw how they were shilling the announcement of moving to ETH blockchain. People were soo happy about it on comments.
It makes me sad how easy is to trick people with magic numbers and promises. People dont do their own research and believe everything they are shilled.
They are promising their investors 1 CRU token will be worth $1 when they go public. I think you can buy ‘000 worth for only few $$.
All this Was scheduled last year, everything got delayed (no surprise there) and now promised this year- good luck.
It most likely be listed to some shitty crypto exchange which nobody cares about and then people at top of the company will sell their tokens to everybody willing to buy before exit scam.
Fun fact: most people in the MLM crypto niche know fuck all about cryptocurrency.
Although I suppose that’s true of most people investing in cryptocurrency in general.
It’s a magic machine I put money into aaaaaaaaand it’s gone.
Or this time:
How can Skyway NEEW or whatever the fuck they’re calling it now be a scam guys? IT’S ON ETHEREUM!
Yeah aight, so what about the bajillion other ethereum scams out there?
People are easily bamboozled.
BitConnect made it, momentarily, all the way up to #7 on CoinMarketCap.com, despite being a very obvious Ponzi scheme :/
Ethereum/ ERC20 has made the tokenization of scams easy, and in addition to the 100’s of shitty no-name Exchanges, even more well-known unrepeatable Exchanges, such as LAToken, allow for pretty much any scammer to “pay-to-play” and get listed, thereby giving the scammers an entrée gratuite to rob the uneducated who fall for their silly tricks.
I publicly advocate for BMLM to become even more of the “go-to” for actual crypto enthusiasts to identify and “memeify” pseudo-crypto and serial scammers we know here, and hope that this will become the case.
Thanks for the support but got my hands full covering MLM.
New year – new presentation material from SkyWay! 😉
No schedule of future projects, no list of signed contracts and real commercial building sites. But there is something much prettier and more attractive!
For the supporters & fans, there is a free picture collection illustrating the SkyWay rolling stock in urban, rural and industrial environment. Cool and neat pics! In fact, too nice to look real.
Supporters are encouraged to download this material and use it in their own presentations. They are not warned that all these “illustrations” are not the real photos, but only photoshopped graphics combined with CGI models… and exist only thanks to some handsome graphic designer in SW’s PR department.
Funny thing is – these pictures are not easy to download – no download link, even the right click on the photo does not bring “Save picture as” menu option. But with some “web page source code explorer” skill you can download pictures or display their URL. And thanks to Google picture search investigate “similar pictures on web”.
Here are the results:
WOW! The SkyWay line seems to be already operating in Dubai (or similar hi-tech city)!
Well… this is how it looks there before SW line was pasted into the picture:
And here… definitely SkyWay serving in Dubai marina!
…or not yet?
And what about Taipei in Taiwan? Here we go for a joyride in monumental blue hour!
Remember: “The Owls Are Not What They Seem”!
Geez. Fake it till you make it literally all Skyway Capital has left I guess.
How about you make a booking to go to Dubai in late October 2020 for World Expo?
All will be reviled!
Skyway Capital is a Ponzi scheme. What else needs to be revealed?
I’m sure there will be plenty of smoke and mirrors bullshit for the CRU bagholders. Not interested.
“The skyway project in Sharjah is likely to be operational by 2025 once the testing phase is completed and all legal requirements are met, a senior corporate officer told Khaleej Times.”
The stockmarkets are waiting urgently rofl
If all the “investors” also will be so patient?
Not to be misunderstood. Even 2025 will apply:
Everything skyway promises is not realizable, everything skyway can realize nobody will buy.
MagViral appears to be a spam site.
If you click the “our staff” link you’ll notice the bios are short copypasta fodder.
This is the sort of site you can buy articles on through a spam service.
1) Has anyone seen a set of audited accounts for any of these companies??
2) How does anyone know if this so called ‘Global Portfolio’ actually exists??
3) They are giving away 200 free tokens to anyone that registers.
If the tokens are going to be valuable, why give them away for free?
When you can give something away for free, it’s usually worthless.
4) Strip away all the hype, the glitz of huge meeting, the huge life changing promises – all that’s actually happpened is: They’ve been taking in a lot of money and paying out commissions from money coming in from members.
Let’s be honest, the only people making money from this are the big recruiters.
The company is basically paying people to rob their friends and family of their hard earned money.
5) Having said all that, will there be a pot of gold at the end of the rainbow for all the hopeful members?????
Wow, NEEW has their tokens on the Etherium platform this very moment, and I hear they are working on a White paper and will soon be offering their members the opportunity to mine at home.
ummmm looks like the scam company is going one step better than all the rest. Looks like they will have their own Blockchain soon.
Just for fun – a video interview with Junitskij:
Well, the pyramid schemes are often also referenced as “The Airplane Games”.
It’s ERC-20. You too can have your own token in 5 mins if you want.
Software = you’re not actually mining.
Hardware = you’re wasting money mining and power mining a shitcoin nobody outside of Skyway Capital will ever care about.
Right. And what happens to the ERC-20 shitcoin then?
Can’t get sued for securities fraud if I spend all my life flying in an airplane *taps forehead*
Just had a fascinating conversation with Armand Murnieks who claims to be a Skyway director. Told me to make my refund request to Yunitsky.
I told him I now have a group of 13 people in Australia also wanting a refund and that the TV stations are getting more interested. I contact them a bit and they see it as the next One Coin.
This keeps getting better & better….
Whats next? Santa Claus is on board & his elves are all in for Skyway???
Hmmm… I guess there is a higher chance to get the refund back directly from your upline.
If he is smart enough to foresee (and proactively prevent) the possible “reputation damage”. But you shall be very persistent about it.
If you live in a civilized country you should sue your upline, Yunanski dont ned your points.
Well folks we have the ultimate confirmation that this whole skyway thing is a bucket of shit. their tokens are on the ethereum blockchain with spruikers like andrew twelftree claiming he has his already in his wallet.
He says the key word that they are ‘migrating’ them across and its a process. yeah riiiiight!
They claimed they would be releasing 80 billion tokens over the next 3 years which is way too many anyway but hold onto your seats folks and try not to throw your popcorn…. when you check on etherscan it looks like someones either taken the piss or this is real.
yep thats right….1000 trillion tokens they have minted for their scam journey …yeah thats a quadrillion tokens.
Zachar if you are still here (on anybody other)…
Your opinion about this so called certificate of “SkyWay rolling stock”:
I tried to find something about it, but all references to certificate issuing authority “Scientific-technical center of Scientific Research Institute Gorelectrotransport” contains also the mention of SkyWay. Looks like they issued only certificates for SkyWay. 8o
No link to website of the certification authority itself (under English name “Scientific-technical center of Scientific Research Institute Gorelectrotransport”).
Under Russian name “Научно-техинческий центр НИИ Горукктротранспорта” I found “ugly”, suspicious and probably long time ago abandoned and defunct website: nolink://niiget99.ru/o_nas.php
Any ideas? More info about (fake or real) SkyWay infrastructure and gondolas certification?
1000 trillion tokens! Oh WOW!!! When they’re worth $1 each as promised – and they surely will be since they have so many of them – that will be enough for every person on the planet to have $143,000 for next to no investment.
This NEEW really is going to makes everyone rich. I’m so disappointed I was a skeptic and have missed out. 😮
Where is this going to? Just following but it seems the scam is real and people will be rich.. just curious..
Skyway Capital is going the same way all MLM Ponzi schemes go. Admins and recruiters get rich, everyone else loses out.
This is interesting – check out this video of SW transport unit test: nolink://imgur.com/a/2rbGvES
Video features a mid range capacity Unibus gondola (6-8 sitting passengers, here empty) running over the support pylon on lightweight track.
Lightweight tracks with pylons span ~ 100 (or more) meters shall be the core of the “string” technology – allowing to built tracks quickly, eco-friendly – with minimum grounds claim, minimum costs and use of metal material.
See promises from 2018 marketing material: nolink://youtu.be/Ka40pcFQY1o?t=167 or updated 2019 presentation: nolink://www.youtube.com/watch?v=yR2ExyCrO4g
I think everybody can see that passing pylon is not easy and smooth task.
I dare to say, there is clearly visible example of an inherent failure in the design of this technology and fatal limitation, which cannot be eliminated.
As gondola approaches the pylon, the track string is skewed in such an extent that gondola must almost stop to overcome the “bump” without being shot in the air and causing (potentially dangerous) vibrations and damage of the string after the “landing”.
I am also concerned about the possible material failure, when “O” metal profile filled with concrete is stressed this way (what do you think… is a metal profile really filled with the concrete as promised in the presentation above?
And how the hell they fill in inner ~ 100 m long profile (even with a metal cable string inside) with concrete?)
It’s hard to imagine how SW will achieve speed 150 km/h and more with these slow-downs when passing pylons each couple of 100 metres.
It’s hard to imagine how SW will achieve capacity of ~10 000 passengers/hour on the track – basic calculation for Unibus with 8 passengers… means 10000/8 = 1250 gondolas per hour, thus 20 (1250 / 60) gondolas per minute, thus one gondola passing by each three seconds!
This frequency in speed 150 km/h means distance between gondolas about 120 m. Or 20 m for more realistic average speed 25 km/h. And with no time for boarding and boarding off at stops.
And the distance 20 meters means 10 – 20 gondolas in one segment of the track between pylons – “something little something” that was never demonstrated in the test facilities (maximum – 2 empty gondolas within one track segment). Can string safely carry such a load?
It’s perfectly clear that what this thing is suspended from bears no ressemblance at all to the “string” rails (hefty rectangular tubing with a separate running surface for the wheels added on top, with stressed cables running through them, and filled up with “special” concrete – it’s never explained what that specialness consists of), which are supposedly Unitiskiy’s genius invention.
The whole supposed uniqueness of those “strings” was that they somwhow defied the laws of physics and didn’t sag under load, even though, unlike normal train rails, they don’t just guide the vehicle, they are also the only load-bearing structure.
But then, the original “string” has by now morphed into at least four kinds (rigid, semirigid, flexible, and semiflexible), god knows what the differences are supposed to be.
There’ve also been T-shaped profile rails popping up in their endless stream of CGI videos and pictures, again god only knows where those fit into the “string” scheme.
What cannot be seen in this unclear clip is that besides the tennis racket shaped pylons (a completely absurd form for such a thing), there’s also a non-matching, seemingly improvised extra support pylon in their new sandbox, built with straight sections.
The only explanation is that the sag must have been too great to manage with the planned number of supports, even on that ridiculously short piece of track, and they didn’t have an extra one in that silly shape.
One aspect of the absurdness of it all which does remain visible: there is no external electricity supply to the vehicle.
Just like the one they have in Belarus, it must run on batteries. So not only must it drag along all the additional weight of those (removing one major advantage electric rail vehicles have over almost any other kind of transport: they don’t have to carry the weight of their own power source), it means a vehicle must spend a significant portion of its time standing still, recharging.
That you cannot possibly do that with vehicles all running on one track, and with only seconds between them allowed to get anywhere near the claimed throughput, is another one of the painfully obvious SkyWay absurdities.
Everything makes sense when you consider all of this is just to convince people to hand over more money.
Skyway Capital has never been about transport.
Are you talking about this?
This is not support pylon, this is hanging banner. 😉
Ah, the shape of the pylons… they used similar shape in their “futuristic” CGI presentations for UAE officials. Maybe they feel the need to provide at least something that resembles that presentation.
BTW, good point about batteries. I’d also like to know the capacity of batteries and a the power of the engine – it could be used for rough calculation of maximum speed and operational range (maximum length of operation).
With permanent acceleration & deceleration and ups & downs between pylons… I guess it will not be long.
Loud and clear.
Amazing is… how many fanatic supporters (even with a basic background in engineering and transport technology) are involved.
Or are they con artists in disguise? Hard to differentiate. Brain washed and con artists behave in the same manner… and con artists will not tell.
Anyway, it’s interesting scam with large budget for its cover. Typical pyramid/Ponzi schemes do not invest much in anything material and “infrastructural” (at best they resell some cheap Chinese crap as a “product” bundled with opportunity).
That picture with the decorative banner doesn’t look like what I remember seeing in another video of that same track, although it did have the same kind of general trapezoid shape.
It definitely did look like a supporting structure. But I cannot locate the video I remember to compare, it was months ago.
Anyway, like most real video of anything SkyWay makes, it was low-res and hard to interpret.
Yunitiskiy occasionally tackles questions from investors, and he actually came up with an justification for the very visible bobbing up and down, which even deluded fans couldn’t help but notice (remember, this was behaviour that the miraculous non-sagging “string” was supposed not to show): it’s for your health.
Everybody knows that sitting down all the time is unhealthy, and that walking is good for you. Why is that? Well, because when you walk your head moves up and down with every step, whereas when you’re sitting down it stays level.
That’s why his vehicles go up and down as well. He even did the math to show that the frequency with which your head will be going up and down, once his vehicles finally start going at their intended speed, will match that of a person walking.
A ride sitting in a SkyWay vehicle will therefore be just as healthy as a walk. I swear I’m not making this up, that is the official SkyWay excuse, straight from the horse’s mouth.
But I actually think I have an explanation for why SkyWay has such an unusually elaborate fake product to sell.
Yunitskiy has been at this since the 1990s at least, continuously trying to raise money from private investors with grandiose promises, while finding excuses for his permanent failure to build anything that works.
The MLM/pyramid/Ponzi aspect wasn’t added until c. 2013, when he was joined by a bunch of people with a past in the Mavrodi MMM scams. His conman shtick was a more oldfashioned one, that of the maverick inventor genius, who’s made a miraculous money-making machine, one that can manufacture diamonds from air, or a perpetual motion machine that can generate electricity for free, or something similarly phantasmagorical.
That requires the scammer to put a lot more effort into creating the impression they are working on something physical than your average Ponzi/pyramid scam does.
Once he got some additional spending money thanks to his new associates, he could of course up the fakery efforts, with all the slick CGI nonsense as the most visible aspect.
There is some stuff from his earlier days floating around, from when he had to do it all by himself, and on paper, and it’s entertainingly primitive, with lots of crappy, simplistic hand-drawn diagrams.
But all in all, including the demonstration facility in Belarus, and now the one in the UAE, they cannot have spent more than a few million euros in all. If they’re raking in money in amounts comparable to, say, OneCoin, that’s peanuts.
One of the best observations about the company I’ve ever heard is: the worst thing that could happen to SkyWay would be getting a real order to build a real line.
That would end it all. Of course, they’re never going to let that happen.
When I saw it first from other angle of view, I thought it’s a kind of support pylon too. Later I identified it as a hanging banner. They also use very similar construction at Maryina Gorka. Only difference here is Arabic-like decoration of margins.
Yeah! I’ve read this ridiculous bullshit explanation somewhere too! In the style: All documented bugs and failures are design features.
I guess they tried another approach – to trade cheap short living scam (or series of scams) for one longer, but more expensive scam. Probably MLM admins are not happy about the amount of money spent in useless metal constructions, while Yunitskyi finally makes his wet dreams come true.
On the other hand… I guess admins have Yunitskyi pretty on the short leash.
Exactly what I think. 😉
They will do anything to thwart any promising contract. Fortunately (for SkyWay) it’s very unlikely the contractual process will go so far.
What is the latest about this scam? Is there another thread on Behind MLM using the name NEEW?
They are still selling their non existent tokens and of course have not placed any on any exchange. Despite endless promises to do so.
The idea about suing upline here in Australia is a good one I will do it. We have a small claims system the filing fee is very low.
Skyway Capital exit-scammed NEEW. Scammers seem to have forked, who knows.
When the lies pile up this high over the years it’s difficult to keep track of.
Don’t think a new ruse has popped up yet after the NEEW exit-scam.
I just chatted to this creep on FB his sales site does not even mention how they have scammed all the people for the ” IPO shares” it only talks about the “Crypto Unit”.
Their next step will be to sell unit titles in real estate on far away planets that they have bough “futures” in.
Once they burn the name NEEW they will pivot to “Space Way”. Their devoted followers will love this opportunity. Truly futuristic. (Ozedit: referral link removed)
They are bragging that they have relieved over a million people of $150 million USD so far. This is the beauty of the scam. At an average of only $150 per person fleeced they will have very few truly angry people. Even family members will probably forgive the people who scammed them.
“Oh bad luck was a great idea and you could not have known it was fake. Those Belarusians were very clever and cunning”.
This could be described as trusted contact micro scamming.
The length of the scam is also crucial. People will simply forget the payment after a while.
If these guys are scammers why do they stick around after collecting so much money?
Why Change the name if you can just disappear on thin air with lot and lots of dollars? What kind of scammers stick around for so many years?
Cuz greed. Some scammers are more greedy than others.
Madoff’s Ponzi started in the 1970s. He was still running it when he was busted in 2008.
A reader sent in a link to Skyway’s website. It seems after the NEEW exit-scam they’re back to soliciting investment as before:
All you people putting Skyway and NEEW down, you have not got a clue what your talking about.
Unless you are involved in the company, there are more things going on then what you know and reasons why things have been done the way they have.
It is a closed club so unless you are in it, you do not know the whole truth. All guess work on your part.
Also the schmuck you so called him, the person who invested $26,000 into the company, you need to read his credentials. That has turned into $400,000,000. Just saying!!!
First off being a NEEW bagholder, sorry for your loss.
There’s no “secrets” inside Skyway Capital. It’s the same as any other Ponzi scheme, complete with new ruses over the years to get dumbasses such as yourself to invest.
$400 million? Lulz.
Skyway and NEEW are 2 different companies for a start.Yes $400,000,000 (thats how much you know whats going on in the NEEW company).
It started out as SKYWAYS INVEST GROUP (SWIG) and it is not a MLM company, but a MLCI company.Money was raised by investors for SWIG but now that project has finished, it was renamed and the new name, NEEW have moved on to other projects.
If NEEW is a scam, why do you think big companies are coming to them for help to raise money to get their businesses going.This is what NEEW is all about, MLCI.
As for SKYWAY, Dubai are building the rail system for the 2020 expo which has now been postponed until 2021.It will be built for all the world to see.
Anyway I don’t know why I am trying to explain, there will always be negative people like you out there.
Yes, yes… for the purpose of the exit-scam *winkwinknudgenudge*
Other than some models in the sand, Skyway aren’t building anything in Dubai. That ruse came and went before the NEEW exit-scam.
Facts are facts, here’s a tissue.
Why would NEEW want to stay under SWIG name. They were SWIG while they were crowd investing for them, but now are investing into other companies, why would they want to be called SWIG (SKYWAYS INVEST GROUP) when they have nothing to do with them now.
Use your common sense. As for the $400,000,000, which I know to be true,if you think you know everything, go and find it out for yourself.
OK, you say big companies aren’t coming to NEEW for help, research and look up SUSHI MASTER, SYNTHETIC DIAMONDS just to name 2. there are others.
As for Dubai, we will have to wait and see when it is time for EXPO, you can’t say now that it is not going to be built. Yes facts are facts, if only you found out the real facts.
Who cares? It’s all the same failed Ponzi garbage.
Thank you for confirming you have no proof and are full of shit.
Never heard of them. Feel free to provide evidence they have anything to do with NEEW (that wasn’t put together by NEEW with no verifiable evidence).
The Dubai ruse has already been going on for what, two years or so? It came out last year it was all bullshit.
The whole thing was based on some shiek signing some agreement. That was it.
Skyway cloned their Belarus marketing park on a sand plot and when the marketing hype died down they dropped it.
Feel free to provide the requested evidence to back up your claims. I’ll be marketing anything else as spam.
Sushi Master = company co-owner signed up as a Skyway Capital/NEEW Ponzi promoter –
You’ll find the same with any other company. Owners sign up as a Ponzi scammers, baddaboom “hay guys, look this company is interested in our scam!”
The fact remains that nobody outside of Skyway Capital or NEEW gives a fuck about your CryptoUnit Ponzi points. Literally no third-party is accepting it.
well as for dubai, in sharajeh they have spend nearly 6 million usd with the R and D center as well as for other payments for publicity and exposure, as well as the POC proof of concept but so far nothing has happned.
in my opionion they are planning to start raising fundings from the region so they need the maximum of credential and credibility.
they signed with the RTA they made a big marketing tool about it and they were requested from the same not to use there name andy more nore pictures etc.
they are trying as well to expand to the other emirates by as usual promissing that they will be investing …. so free publicity and a siganed agreement that they can showcase and raise funds.
soon you will see thatthey will strats there funding campaign to raise funds from dubai …. wonder how they will cover it … most probably by selling shares under SPVS companies …..
Skyway Capital has been “raising funds” through their various Ponzi ruses since ~2016.
Dubai was one such ruse. NEEW is another and there have been others. The latest one is apparently magic space trains.
Regulatory warning from New Zealand (May 26th 2020).
Thanks for the heads up!
Just for fun…
SkyWay has not enough material to keep its audience “up”: No EcoFest convention this year (reason: corona virus). No new photos and videos from a new promised test site in UAE, although it shall be almost or even already finished according to the original plan (source earlier used for bragging of affiliates):
So they simply recycle old videos and create new ones, including time-lapse captures and computer generated (virtual) sceneries, to fake (improve) the speed of moving gondolas and capsules.
(note the fast moving grass tips in the foreground of the capture…)
(note the splash of mud behind the film making car at 2:36… but
but even regardless of this trick, estimated speed of the gondola on the record is about 50 km/h)
Last part of the video is a computer animated fiction, “taken” at the places with no presence of SkyWay tracks, and with capsules moving in ridiculous speeds:
Beside that, new ruse legend was aired: a promise to build along the road R68 from Maryina Gorka new 22 km long test track for high speed vehicles. Let’s see… 6 month ago they promised to build hi-speed test tracks in UAE. Is this idea abandoned?
And in presentation from 2016 I see a promise to have 100 000 km of commercial tracks in use by 2022… and 99 900% ROI for early investors!
They are changing name to EVORICH. 2 weeks ago promised 8% monthly profit for stacking 36 months… they closed internal eschange… You only get Money for referrals …..
people should pay VIP club to do stacking and internal exchange. Costumer support doesnt work….it is FRAUD.
Yes they admitted the cru token will not go to the external exchange.
The value cru $0.00 everyone lost their money or you can change into wcru worth $0.00 not going to exchange for long time. Forgot about the value of swg token but fill in yourself.
Recruitment for cru still going on. Last two weeks before the cru gets to the external exchange… how bad can people be?
Sale pitch. We are sec registered company, we have sec registration so when people say you are ponzi scheme scam just tell them we have sec aproval. Usa and eu recognize us. We were right all those years and people will buy.
And the wcru value wil go up and maybe it grows to lets say $0.75 – $1,00 per token imagen how rich you all can be? Buying a few mansions and drive a porche.
The cru was a believe but now we go for the real deal.
Recruiters are the strongest believers, brainwashed, in need of cult environment and (fake) guru. Mainly uneducated fall in the trap of believe psychology and lack of non biased critical thinking.
Yes big mess in the cult. Skyway says stop recruiting cru token, recruit world cru wcru.. Evorich the old neew says recruit another two weeks.
When they meet eigother online they have no idea who, what…to find out its the same mess. Very funny for a Hollywood movie.
I love messing around and I keep asking questions. On Facebook they can block critics but you tube is another story.
Mlm pyramid ponzi scam world is psychopath meets sociopath and scam the narcissist so they all can scam the good people who turn into patience believers.
You can help by sending out a ponzi pyramid scam alarm to the sec. The more the better.
Search ugpay group and report them as fraud company connected to neew skyway etc.
Ugpay group is the company with sec owner.
I would recom the podcast The Missing Crypto queen … it gives a really good insight into the OneCoin crypto coin pyramid scheme and it’s cult like following ..so many parallels!!!
they are in the last phase of the stock exchange and they talk about binance, but is it all true? Please help.
Skyway Capital has been coming up with new ruses to keep the Ponzi going since 2011.
The only thing that’s held true is Skyway Capital separates people from their money. As one ruse falls flat they come up with others.
I heard their token can be accessed on unitex(dot)one now. Does this mean anything? .one not .com
Hi thanks they send me a link for a registration to unitex for trading and thay tell to have a sec registration with ugpay group.
With respect to due-diligence, no.
With respect to an exit-scam, it could be the beginning of a public exchange pump and dump.
Unitex is a new exchange with no traffic prior to a week or so ago. That’s pretty suspicious and lends itself being run by Skyway Capital or an associated act.
Skyway Capital is not and never has been registered with the SEC.
UgPay group is registered but has not made any filings with respect to an investment opportunity.
Just another layer of Skyway Capital Ponzi smoke and mirrors.
I didn t put money in. Thanks i am interesting to undestand.
Why nobody make samething i now people that put in project a lot of money
Because Skyway Capital has been a Ponzi scheme from day one.
A small percentage of people will steal the majority of invested funds, the rest (majority) of investors lose out. Ponzi math 101.
Some troubles with banks?
No problem, use shady payment processors/means:
– PerfectMoney – QIWI – Bitcoin – Euroset.
BTW – can anyone outside Russia access Euroset website?
SkyWay’s branch TNG-NEEW (formerly known as SkyWay Invest Group) had stopped promoting SkyWay as their Ponzi vehicle sometime around the end of 2019 and jumped on the “crypto unit – CRU” bandwagon.
But nevertheless… TNG-NEEW ( = Khovratov) was quite active on its website, publishing weekly couple of promotional/motivational articles in the “News” section. This applied till the end of June 2020. Since then, there is no more news. They seem to lay low.
Anyone knows why? Did they already collapse? I saw no exit announcement… only the awful silence.
Ah… I see. They moved to EVORICH CryptoUnit programme nonsense.
Anatoli yunitskiy has scammed millions of people worldwide. whoever wants can check complaints at Al Barsha police station (Dubai, UAE), Indonesia investment authority (Indonesia), IIA Java (Indonesia), India (compliants 1 of 2021 Skyways manipur assam, complaint 10, 14, 50 of 2021 – Skyways north india himachalpades rajasthan delhi with Tecini engineers india). t
hey are big thugs only laundering money through pyramid schemes.
Your website is all along correct!!
they scamming people. here in kuala lumpur they tell project in india or sharjah but nothing.
we find complaint MAH21010321 ongoing with Reserve bank of india (sachet.rbi.org.in/TrackComplaint) against them.
then how they tell they genuine? you see about them then you believe they frauding evryone or not.
indonesia they fund drone venture now under investigations by java government.
india they make Master profi education limited to sell franchises for raising pyramid scheme money but hdfc bank india closing there account.
you not beliv check account numbur 50200042202240 hdfc bank india. you not beliv also check cheting case in so many state of india like they cheated in java.
investigation all recent case numbers of this year before human rigghts courts 1 assam, orisa no. 10, 50 deli no. 14 rajastan no. 10 withi so many past cases.
Skyway would have made a fortune from the rise in price of Bitcoin.
They took my payment or $1000 USD in Bitcoin for example. Back when Bitcoin was worth $1300. 4 and a half years ago.
They could be holding a lot of it and will use it to drip out some small returns to their devotees.
Thanks for providing some hilarity in these difficult times.
Hard to tell. They could already spent collected funds, so there is nothing to profit from.
Anyway, they certainly are not motivated to return collected money or to share any kind of their ill-gotten profit.
Hi. I see the guy Andrew Hawkes is now President of Skyway or NEEW or Evorich or CRU or whatever. How does he sleep?
Just for laugh…
The next expected phase of SkyWay project was a new ~2.5 km long track at Sharjah Research and Technology Park.
This track (at least for test purposes of a higher speed and capacity transport – 80 passengers at 150 km/h speed) should have been delivered at mid 2020 – according to the “press release” like looking publication in a local newspapers:
In fact, a “boom” of construction works has started in August 2020 and a “U” shaped suspension pylons were erected. At the moment it seems the whole length of 2.5 km track is covered by these pylons – but so far without any sign of a real track. Let’s see.
Again – instead of setting the clear goals and the investments horizons SkyWay continues with publishing of old photos from Belarus Innovation center and Sharjah Research and Technology Park… and publishing the links to articles in popular magazines:
Here is a goal set: The test track mentioned above shall be finished in May 2021 (~3x longer deadline than before) and withing next 3 years we shall have some real freight transport line 130 kms long, connecting Sharjah city and port.
Is not it funny? SkyWay did not publish these goals anywhere (at least publicly), but SkyWay is ready to publish these “rumors” from third parties! A shadow play with “impressions and illusions” on investors.
Let’s see, let’s see…
A final cut… the leading photo in this SkyWay’s Facebook post:
Look closer at the track…
What do you think – will SkyWay reach promised speed of 150 km/h on this track? Or even 500 km/h? I am so thrilled!
So we’ve gone Dubai –> India –> moon train –> back to Dubai ?
Guess it’s harder to stage bullshit projects in new locations with half the world in lockdown.
Good Lord, that last image. How is it even possible that the—track? cable? “string”?—can possibly sag that much?
How is it that this guy can attract any funding at all? He clearly has zero engineering skills. I mean, Elon Musk isn’t an engineer either, but at least he knows to hire some.
The sag…I need to go lie down for a bit…
Pft, have some vision guys.
Skyway Capital Dubai rollercoaster!
Ever heard the song “Rubberband Man”?
Hey, y’all, prepare yourself for the Rubberband Tram
You never saw a sight like the Rubber Tram, man
You’re bound to lose your lunch when the Rubber Man…starts the tram!
Rubberband… wait so what you’re saying is Skyway never gave up on the moon?
Instead of wasting resources building the moon train, just catapault people up there with warped tracks. aNaToLy Is A gEnIoUs!
Wanna see a hefty sagging in the real time?
Check the link in my comment #362 or nolink://imgur.com/a/2rbGvES.
A sagging and a real speed of the gondola filmed at that first Sharjah track: 400 m long, built at the end of 2019, still not approved for passengers transport, passing around empty – same situation as in Maryina Gorka at Belarus.
Yunitsky knows the limitations of his solutions and he doesn’t want to have fatalities.
Yes, that’s exactly where technical solution of engineer Yunitsky belongs… into amusement parks.
Hi what about the next step of project of cryptounit wcru on unitex ?
(Ozedit: marketing spam removed)
What about it?
Obvious Ponzi is obvious – EvoRich Review: Skyway Capital Ponzi spinoff bumbles along
I wonder how much Yunitskiy really “knows.” He strikes me as yet another crackpot inventor unwilling to admit his brilliant idea is stupid.
Plenty like him tinker away in anonymity, but a few manage to gain some traction and suck money from rabid fan-bases for years, mostly because they can spin a yarn good enough to take in the gullible.
Google “gyro power Joe Newman” for one such story. Newman thought he could convert back-electromotive force in motors into something called counter-electromotive force, tap into some unknown particle, and convert some of the copper into energy. Or something.
It never worked, but he was still on national U.S. talk shows making claims about how a “Newman Motor” the size of an air conditioning unit could power a house, and how you could run a car off a 9V battery.
He actually built a demo car, and like Yunitskiy’s demos, it was a waste of money and effort.
Sure, it ran off of 9V batteries—thousands of them filled the trunk of the car, connected in series to generate high enough voltage for his pedestrian motor to run.
It moved at a crawl and Newman never drove it more than a few yards at a time. He’d drive it around at walking speed, while a neon sign on the roof flashed GYRO POWER, then get out and hold up a 9V battery shouting to the crowd, “Do you believe I’m running this car with the current of this 9V battery?” Wild applause.
His carefully-worded question wasn’t a lie, exactly, because he was using the current of a 9V battery, just not the voltage. It was all smoke and mirrors to try to legitimize a fundamentally flawed concept, and it fooled a lot of people.
Newman is long gone, but people are still putting up YouTube videos claiming to have created the fabled Newman Motor.
I hope I haven’t derailed (ba-dum-tss) the SkyWay topic too much, but the point is: don’t be blinded by the hype, folks. Ask the tough questions, and demand real answers, not put-downs for being “negative.”
These so-called demo systems demonstrate only failure, they serve only as distractions for those who don’t pay close attention.
Mr. Czech paid close attention, pointing out the glaring flaws in the design. The fact that the tram managed to struggle from one end of the track (or string, or whatever) to the other proves nothing.
But back to Yunitskiy, maybe he is a cold-hearted scammer, but his actions are those of a True Believer: someone convinced they have a world-beating idea that just needs more development.
Totally unaware of his own shortcomings and convinced of his own genius, he could be the poster child for the Dunnung-Kruger effect.
Bragging about the success in the SkyWay style… 😉
SkyWay has published on their website
a link to and article in the online business magazine “Knowledge” (Ведомости):
Content of featured article in nutshell:
SkyWay forgot to mention the fact “the authors of the material” are… the SkyWay PR staff itself.
The article on the site Ведомости does not mention “the authors of the material”, but is published in the section “НА ПРАВАХ РЕКЛАМЫ 16+” (it means “advertisement” or “sponsored content”).
Congratulation for honorable mention!
Today they start with blockchain on untex.
Still a scam guys, or the biggest EOS fork created in history. For their Crypto.
So funny how people still say it’s a scam ……
Eating humble pie now guys …. and some major money. That could have been …… time to see where they are at now.
Is “EOS” the latest crypto fuckboi buzzword I’m going to have to look up?
Literally nobody cares about CryptoUnits outside of Skyway Capital’s bagholders.
Anyway can’t you read? We’ve all moved on to Skyway’s hilarious trampoline train (#408).
edit: Oh it’s a bLoCkChAiN pRoToCoL. Honestly who gives a fuck?
Let me guess,you typed this comment on a typewriter and use dialup internet – because you are VEEEERY slow on the uptake chief.
Regarding major money – I prefer not to earn money on the backs of others,that’s why I don’t participate in ponzi scams (however long they may run). But hey, not everybody can have morals, so you do you.
No chief, never had a down line, don’t like being responsible for other people’s cash only my own, all I did was invest.
Your pretty sharp with the insults buddy, never judge, what you don’t know …. you may just go even more Major – with the money.
You don’t need a downline to steal from people in a Ponzi scheme. Just because you didn’t personally recruit your victims doesn’t make you any less of a thieving scammer.
Skyway trampoline train seems to have died down. Has the EOS bLoCkChAiN pRoToCoL collapsed too? What’s the latest ruse?
Andrew Hawkes is no newcomer to ponzi schemes. He was heavily involved in the Vinnco and Inter BBOM schemes with another career scumbag Glenn Connelly.
@jamie. Andrew Hawkes doesn’t Care about the law, hè is a conspiricy believer and a repulsive Evorich/unitex/ugpay.. scammer..
Fuck that guy. What a selfish scumbag.
How do I make a case against this ponzi scam?
You find a lawyer willing to chase randoms in Russia.
This is utterly ridiculous:
Safety (emergency) procedure, how to leave hanging gondola in danger? You will be surprised! But I am not sure if this will pass any (possible?) safety certification and how sheiks in UAE will like it.
Are SkyWay scammers making fun of their stupid “investors”?
You can say that again. They’re pitching that as an emergency egress system? A fire has broken out, and some random passenger is supposed to drag this contraption out from under a seat, find a tiny screw hole in the roof (how? Or is this a smokeless fire?), screw in an eye bolt, attach the carabiner and brake box, etc., etc… all while toxic fumes are filling the cabin.
Oh, and remember to put gloves on first!
Setting aside the unreasonable notion of random passengers being OK with rappelling from great heights, any emergency egress system should deploy itself in no more than a few seconds.
This is like an airliner whose emergency escape slides have to be inflated manually. “In the event of an emergency, bicycle pumps are located under your seats…”
In the case of fire would the door even open?
I think from that height most people would just take their chances and jump.
I don’t recall entering public transport and being aware of emergency evac procedures, other than the “break glass” buses.
Gloves pfft. The real life savers are the fireproof and obviously aerodynamic sunnies.
Without them you might as well just stay in your seat.
Oh, of course. Without the sunnies the box will refuse to slide out in sheer disgust.
“Mayday mayday our Skyway monorail cart is on fire!”
“дерьмо! OK OK. Did you watch our emergency descent system video?”
“Emergency what? ARGH IT BURNS, IT BURNS!”
“Is OK, don’t panic! First I want you to pop box on floor.”
“MY FINGERS ARE MELTING!”
“Alright, now look for pin hole in roof.”
“MY HAIR IS ON FIRE! HELP US!”
“Good, good. Now put on your Skyway sunglasses. Is in box. Very important, will protect from fire.”
“THERE’S NO SUNGLASSES. I CAN SMELL MY FLESH BURNING. OH MY GOD I’M IN EXCRUCIATING PAIN!”
“No sunglasses? Damn…”
“Boris, tell Yunitskiy… we lost another one.”
“HEY I’M STILL HERE, WHAT DO I kbeeeeelergggh-” *click*
“Potato engine from Arctic catch fire middle of desert. Who knew?”
Good news from Spain.
Thanks for the heads up!
Small update about SW in its activities in Sarjah…
SW keeps on ranting “Hey, look, the press all over the world is talking about us!”
Well… the part of these publications are pure (paid) press releases. Or how could I understand the “Press release” notice in the beginning of publication from Zawya?
Some other publications are not-admitted press releases. Or (at least) publications with a zero added value as they only quote the statements given by SW, without adding a background and a context.
4 of 5 paragraphs in “publication” Sarjah 24 (see nolink://www.sharjah24.ae/en/articles/2021/10/28/Sharjah-provides-solutions-to-urban-transport-challenges ) begin with something like “Anatoli Unitsky, Founder of Unitsky String Technologies and uSky Transport stated:…”, “He indicated:…”, “He added:…” and “He concluded:…” Oh, what a “great” journalism!
Most interesting is a mentioned publication in The Associated Press:
I wonder why SW have used this article as the reference, as it is rather critical to the way how the SW project is funded and SW success is described in little bit bitter, skeptical and ironic manner.
Well – what are three main points here:
1) EXPO 2020 is already running in UAE for one month.
SW promised to take a part here and to present a brand new 2.5 km long track with higher transport speed (up to 150 km/h) and higher capacity (80 persons in one “train”). But so far, SW is showing only 400 m long track for one pod capable to transport 4 persons in maximum speed of 40 km/h.
According to this video:
made on 28th October 2021, there is no visible progress in construction of this track since December 2020.
nolink://bit.ly/3BXSxaT – all “U” shaped support pilons were in the place at that time. And since then… no visible progress, SW keeps “a radio silence” about the status of this 2.5 km long track.
Will SW finish and show this track before EXPO is going to be terminated?
2) SW held a presentation for journalists where SW defined a new goal: to build the 20 kms long track for the hi-speed uFlesh pod and test the speed 500 km/h.
This needs an additional funding $230 million to $580 million. Quite funny considering they were not able to demonstrate the promised speed 150 km/h so far… don’t you think?
3) uSky company in Sarjah declares there is no funding from, no legal connection with SKyWay group!
Small investors in in SkyWay shall be worried… do they know in which project they (in fact) sent the money?
What is the latest about AndrewHawkes/ Evorich/Skyway/CRU/UgPay and no doubt other new names? Still keen to get my $1000 back lol.
Not much. They’re trying to hype a partnership with LocalTrade, some dodgy exchange primarily used in Thailand, Russia and Ukraine.
WCRU are still Ponzi points being flogged internally.
Just for the record…
EXPO 2020 in Dubai (postponed to 2021/22) ended at the end of March 2022.
Although SkyWay revealed in some media… that they will show there their “ground-breaking technology” and they want to have appearance at this exposition of their hi-speed and hi-capacity driverless sky pods on brand new 2.5 km long track… nothing has happened.
Sky Way was not able to show anything new to the visitors of the exhibition. But they kept on bringing international visits into their visitors centre “Eco House” – to show them some “interesting” models and CGI animations… and to take them on the ride in their 4 passenger pod moving along 400 m long track in speed about 30 km/h.
2.5 km track is still under construction (Note: no visible progress since January 2021, when all new support pylons were already erected… the construction works on this track had started in summer 2020).
Sources (replace nolink with https)
Gulf News, June 08, 2021:
See – new track promised on November 2021:
The National (UAE) News, Jun 10, 2021:
See – new track promised on November 2021:
Dubailad, JANUARY 23, 2020
See – New track already in action and under the testing? (somebody “have seen” pink unicorn)
or by June/July 2021:
Railway Technology, 5 February 2020:
See – new track promised on June/July 2020:
The latest roundtable of Skyway master scammers features Evgeny Kudryashov himself. youtube.com/watch?v=KcyHnbKHXX8
At 13:15 he mentions a new business field……..Crypto!
A new company is founded in Emirate Fujaira Cryptadium.com. The speach of Kudryashov is complete bullshit and full of lies. At least one more tool for Unitsky & Co. to steal other peoples money.
From 25:50 he talks about a smear campaign on social media and a former member of Skyway (Khovratov?) who is involved in this.
Alone the fact that he mentions this shows that there must be some involvemend of Unitsky and his gang. Let’s see if we need more popcorn 😉
Silly Skyway, you already tried crypto scamming. It didn’t end well.
Yeah, but this time! Something something learned from our mistakes, know how to do it right, something something invest in the future! Desert demo: 5kph!
Oh, and ignore all those haterz with no drive and no vision.
This Cryptadium.com is a good opportunity to exit the techno-scam and enter the era off money moving for Unitsky and his gang.
In his part of the last webinar Kudryashov mentions that this company has already a license as service provider for crypto wallets for the whole EU. I think it’s the still unknown shell company in Cyprus that holds the license. So what is the real opportunity?
Cryptadium is a payment system that accepts payments in cryptocurrencies and protects your income from exchange rate fluctuations in the cryptocurrency exchange.
If you wish, Cryptadium can convert all incoming funds into stablecoins, i.e. cryptocurrencies with a stable exchange rate that is tied to the dollar.
It’s a tool for money laundering and all this tax avoiding suckers who have to bring there SCAM earnings out of reach of victims and the justice.
From the FAQ:
………And it makes an additional business opportunity.
But i think with to much noise, it will be really fast in the focus of officials in some jurisdictions.
Obvious pyramid scheme is obvious…
Thanks for the report, catweazle. That was an interesting and entertaining read.
nolink://unitsky.com/storage/files/12/Positioning_marketing_naming.pdf (referenced from SW news section: nolink://skyway.capital/news/new?id=1441
Note mentions about “rebranding” (again? for how many times?!?) and self-distancing from investors in chapter at the end:
“Moving away from association with investment activity”
Investors, have a fun!
This is Russian for “nobody left to scam” da?
So I got around to reading the brochure. Usual transport waffle and photoshopped images of vehicles that don’t exist as depicted.
I’m left wondering what the exit-scam is. Skyway Capital’s website is still up. Most of the traffic is from Russia and Uzbekistan.
For all the lip-service about Unitsky Sky Technologies not soliciting investment anymore, clearly Skyway Capital is still doing just that.
What’s it been, almost a decade of stealing money? Is Yunitsky and the gang just going to pretend the Ponzi doesn’t exist, while still running it and stealing from third-world countries that don’t speak English?
Pretending your Ponzi scheme doesn’t exist anymore when it clearly does seems kinda silly. And lol, what about the investors?
Big clean-up on the youtube channel over the last days. All videos with Dubai/Sharjah and Skyway in context from the last 4 years are wiped out. Also Artikels from UST, USKY, SWC and RSW Websites.
I am not sure. I can see a lot of videos from marketing paddock in Sarjah at nolink://www.youtube.com/c/sky_way_capital_english/videos
Me too. Perhaps the brand “SkyWay” is too much toxic now, too many issued warnings from financial regulators… so it comes to name change.
They may try to scam institutional investors for a while (as they did around 2008). But… these inverstors are not stupid. It take not a big effort to identify a connection between SkyWay, UNITSKY and STU.
BTW, great reading: investment memorandum from 2005:
Nice to check the progress over last 17 years of this groundbreaking technology! 😉
At least, they’ve learned how to make better looking CGI and photoshopped images.
Thanks for pointing that out.
I looked into the original channels from Skyway and there was a lot removed. The others are from SWC and i think here is one importand point.
Unitsky handed the announcements for commercial projects over to SWC. So he has no longer to lie about his Scam.
He seems to be chased by the Russians now and is not even trying to go to Belarussia. Khovratov’s revenge? Meanwhile the money flows in, thanks covid is mostly over.
Party in Hanoi with Kitty’s @6:12
Article noting deleting of Anatoly Yunitsky’s “I’m a potato farmer” comedy video.
While all top scammers from Vietnam are still in Belarussia to make crime party at the homefront dark clouds appear.
Vietnamese State TV is also on this.
Vietnam is the main income source for Unitsky since over 3 years now. Let’s see what happend.