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Skyway Capital banned in Italy for fraud, fined €70,000

Skyway Capital has been banned in Italy for securities fraud.

As per a bulletin issued by CONSOB on September twenty first;

On the web site … attributable to the corporate Sky Manner Capital Inc., there was an invite to speculate and ” change into co-owner of the most important transport firm of the twenty first century”.

Extra particularly, the investor, as soon as registered, might subscribe standardized shares of the capital of group firms, thus buying the possession of shares that attributed the ” co-ownership of the corporate “, in addition to property rights, together with the fitting to ” obtain dividends primarily based on the variety of firm shares bought.

Sky Manner Capital Inc. … has carried out a ” providing of monetary merchandise to savers resident in Italy with out the prior publication of the prospectus, in violation of artwork. 94 of the TUF.

That is the equal of securities fraud in different jurisdictions.

CONSOB’s investigation into Skyway Capital started in 2018. Following a preliminary investigation, CONSOB reached out to Skyway Capital for extra info and a response.

Skyway Capital ignored the request.

On February fifteenth, 2019, CONSOB notified Skyway Capital it had suspended its web site in Italy for ten days for ongoing authorized violations.

On February nineteenth and twentieth, 2019, CONSOB checked Skyway Capital’s web site and famous it was nonetheless committing securities fraud.

On February twenty seventh, 2019, CONSOB dominated Skyway Capital’s enterprise operations in Italy have been unlawful.

Skyway Capital was contacted twice in February 2019. Like CONSOB’s preliminary try to succeed in out, on neither event did the corporate reply.

On January twenty second CONSOB revisited Skyway Capital’s web site, noting that the corporate was nonetheless committing securities fraud.

On March fifteenth CONSOB proposed Skyway Capital be issued a €70,000 EUR administrative high quality.

Following a assessment course of, the proposal was permitted on June tenth, 2021.

CONSOB permitted publication of sanctions in opposition to Skyway Capital on September twenty first, 2022.

Skyway Capital is a long-running Russian Ponzi scheme, run by Anatoly Yunitsky (aka Anatoly Unitsky).

BehindMLM first reviewed Skyway Capital again in 2011. We discovered a Ponzi scheme providing 22% each day returns.

Again then Skyway Capital was headed up by Evgeny Kudryashov (proper).

In a bid to dodge regulators and distance himself from his Ponzi scheme, Yunitsky created Unitsky String Applied sciences late final yr.

Skyway Capital has been rebranded to “Sky World Neighborhood”.

In masking Lithuania additionally banning Skyway Capital for fraud final month, BehindMLM famous SimilarWeb monitoring Italy because the second largest supply of visitors to Unitsky String Applied sciences’ web site.

No matter recruitment of Skyway Capital buyers was happening Italy has since collapsed.

SimilarWeb at present tracks high sources of Unitsky String Applied sciences’ web site visitors as Russia (21%), Turkey (16%), Uzbekistan (15%), Kazakhstan (12%) and the Philippines (11%).


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