Skyway Capital has been banned in Italy for securities fraud.
As per a bulletin issued by CONSOB on September 21st;
On the website … attributable to the company Sky Way Capital Inc., there was an invitation to invest and ” become co-owner of the largest transport company of the 21st century”.
More specifically, the investor, once registered, could subscribe standardized shares of the capital of group companies, thus acquiring the ownership of shares that attributed the ” co-ownership of the company “, as well as property rights, including the right to ” receive dividends based on the number of company shares purchased.
Sky Way Capital Inc. … has carried out a ” offering of financial products to savers resident in Italy without the prior publication of the prospectus, in violation of art. 94 of the TUF.
This is the equivalent of securities fraud in other jurisdictions.
CONSOB’s investigation into Skyway Capital began in 2018. Following a preliminary investigation, CONSOB reached out to Skyway Capital for more information and a response.
Skyway Capital ignored the request.
On February 15th, 2019, CONSOB notified Skyway Capital it had suspended its website in Italy for ten days for ongoing legal violations.
On February 19th and 20th, 2019, CONSOB checked Skyway Capital’s website and noted it was still committing securities fraud.
On February 27th, 2019, CONSOB ruled Skyway Capital’s business operations in Italy were illegal.
Skyway Capital was contacted twice in February 2019. Like CONSOB’s initial attempt to reach out, on neither occasion did the company respond.
On January 22nd CONSOB revisited Skyway Capital’s website, noting that the company was still committing securities fraud.
On March 15th CONSOB proposed Skyway Capital be issued a €70,000 EUR administrative fine.
Following a review process, the proposal was approved on June 10th, 2021.
CONSOB approved publication of sanctions against Skyway Capital on September 21st, 2022.
Skyway Capital is a long-running Russian Ponzi scheme, run by Anatoly Yunitsky (aka Anatoly Unitsky).
BehindMLM first reviewed Skyway Capital back in 2011. We found a Ponzi scheme offering 22% daily returns.
Back then Skyway Capital was headed up by Evgeny Kudryashov (right).
In a bid to dodge regulators and distance himself from his Ponzi scheme, Yunitsky created Unitsky String Technologies late last year.
Skyway Capital has been rebranded to “Sky World Community”.
In covering Lithuania also banning Skyway Capital for fraud last month, BehindMLM noted SimilarWeb tracking Italy as the second largest source of traffic to Unitsky String Technologies’ website.
Whatever recruitment of Skyway Capital investors was going on Italy has since collapsed.
SimilarWeb currently tracks top sources of Unitsky String Technologies’ website traffic as Russia (21%), Turkey (16%), Uzbekistan (15%), Kazakhstan (12%) and the Philippines (11%).