Suspect Skyway Capital Investment Fraud in the Making as New CryptoUnits, Tokens Introduced
Skyway Capital describes itself as a platform that
“crowdfunding platform through which anyone can invest in the development of the SkyWay innovative transport.”
The platform was started by Antoly Yunitskiy and there seem to be several companies that are attached to the firm. They include Skyway Capital and Skyway Investment Group, and potentially others.
Interestingly enough, when presenting the company’s operations to governments, one of the company’s executives uses the following analogy
“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.”
The platform recently announced its move toward Skyway tokens and CryptoUnits, and some surmise that it has to do with the company’s low cash flow. After its announcement, though, the firm needed to clarify that the two are not the same, but separate. The companies are located in jurisdictions that are cash friendly. Further, the jurisdictions seem to have little to no regulation, making operations for the companies much easier.
The former token has not yet launched, but the company has been working to gather investment in “sw shares.” The funds will supposedly be used for CryptoUnits. There is also no indication as to whether CryptoUnits has anything new to offer. It likely does not.
The company also presents a “successful” investment story relating to the token. According to the platform, four years ago an individual withdrew $26,000 from Skyway Capital and invested it, and the funds became $10.7 million in four years. There is no proof of this though, unsurprisingly.
At the end of the day, any investment opportunity should be followed with skepticism and then research into the platform. Skyway Capital Investments is no stranger to dubious practices and realizing this early on is best.