Because of securities fraud, Italy has banned Skyway Capital.
As stated in a notice from CONSOB on September 21;
On the company Sky Way Capital Inc.’s website, there was an offer to invest and “become a co-owner of the largest transportation company of the 21st century.”
Once the investor was registered, he or she could buy standard shares of the capital of group companies. This gave the investor “co-ownership” of the company and other property rights, such as the right to receive dividends based on the number of company shares bought.
Sky Way Capital Inc. has offered financial products to Italian savers without first putting out a prospectus, which is against article 94 of the TUF.
In other places, this would be the same as securities fraud.
In 2018, CONSOB began to look into Skyway Capital. After doing some preliminary research, CONSOB contacted Skyway Capital to find out more and get a response.
Skyway Capital didn’t do what was asked.
On February 15, 2019, CONSOB told Skyway Capital that its website in Italy would be down for ten days because it was still breaking the law.
On February 19th and 20th, 2019, CONSOB looked at Skyway Capital’s website and found that it was still committing securities fraud.
On February 27, 2019, CONSOB said that the way Skyway Capital did business in Italy was against the law.
In February 2019, Skyway Capital was talked to twice. Like the first time CONSOB tried to contact the company, neither time did the company respond.
CONSOB went back to Skyway Capital’s website on January 22 and saw that the company was still cheating investors.
On March 15, CONSOB suggested that Skyway Capital be given a fine of €70,000.
The plan was approved on June 10, 2021, after being looked over.
CONSOB said that sanctions against Skyway Capital can be made public on September 21, 2022.
Anatoly Yunitsky runs the Russian Ponzi scheme Skyway Capital, which has been going on for a long time (aka Anatoly Unitsky).
Back in 2011, we did its first review of Skyway Capital. We found a Ponzi scheme that promised 22% a day.
Back then, Evgeny Kudryashov was in charge of Skyway Capital (right).
Late last year, Yunitsky set up Unitsky String Technologies to avoid getting caught by regulators and get away from his Ponzi scheme.
The new name for Skyway Capital is “Sky World Community.”
Last month, we talked about how Lithuania also banned Skyway Capital for being a fraud. They mentioned that Italy was the second biggest source of traffic to Unitsky String Technologies’ website, according to SimilarWeb.
Italy has since fallen apart, no matter what was going on with Skyway Capital investors.
At the moment, Russia (21%), Turkey (16%), Uzbekistan (15%), Kazakhstan (12%), and the Philippines (11%) are the top countries that send people to Unitsky String Technologies’ website.