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SkyWay Group
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SkyWay Group
SkyWay Group is an investment brand used since 2014 by various crowd-investing platforms and independent agents to attract investments in string transport.
The companies under which these platforms are registered have different founders and names. Among them are First SkyWay Invest Group Limited, SkyWay Invest Group (ceased to exist in 2021), SWIG SIA (Latvia, ceased to exist in 2021), RSW Investment Group LTD (BVI) (currently renamed to NEEW-TNG LTD).
In 2018, financial regulators in Germany, Lithuania, and five other countries warned that SkyWay "is not registered as a financial services provider and therefore, is not allowed to provide such services in their country," or warned the public about potential fraud the company was perpetrating.
The SkyWay Group (SkyWay Invest Group, SWIG) comprises companies that have raised investments for the development of string transport under the SkyWay investment brand. At various times, these companies invited potential investors to invest in the development of this transport technology. The investment method used was crowd-investing, employing various mechanisms, including convertible loan agreements. To increase the number of investors, a referral reward system was used.
Various promotion methods, such as telemarketing and multi-level marketing, were employed to attract investors. This crowd-investing model is characterized by the fact that the manufacturing company does not sell traditional securities but enters into convertible loan agreements with investors (lenders).
Due to the potential risks and challenges associated with crowdfunding as an investment mechanism, financial regulators in Belgium, Lithuania, and Estonia issued warnings that companies operating under the SkyWay investment brand do not have the appropriate licenses in these jurisdictions. Additionally, the Financial Markets Authority of New Zealand (FMA) stated that SkyWay Capital is not registered as a financial services provider in the country.
Among the companies that operated under the SkyWay investment brand, the most frequently mentioned are First SkyWay Invest Group Limited, SkyWay Invest Group (ceased operations in 2021), SWIG SIA (Latvia, ceased operations in 2021), RSW Investment Group LTD (BVI) (now renamed to NEEW-TNG LTD), SWIG International Ltd., SWIG America Consulting LLC Maryland (US), SWIG Australia PTY LTD (liquidated), and ООО “Скай Вей Групп” (Russia). All these companies were warned by financial regulators, and almost all have now ceased operations.
The SkyWay Group is often mistakenly associated with Unitsky String Technologies Inc., which does not provide financial services but is a developer, supplier, and operator of transport systems. In November 2021, the company announced a rebranding, changing its name from SkyWay Technologies Co. to Unitsky String Technologies Inc. The rebranding was explained as a transition from the “startup” phase to the “business” phase and a need to emphasize the engineering company's disassociation from fundraising activities conducted by various independent agents using names related to SkyWay.
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SkyWay Group
SkyWay Group is an investment brand used since 2014 by various crowd-investing platforms and independent agents to attract investments in string transport.
The companies under which these platforms are registered have different founders and names. Among them are First SkyWay Invest Group Limited, SkyWay Invest Group (ceased to exist in 2021), SWIG SIA (Latvia, ceased to exist in 2021), RSW Investment Group LTD (BVI) (currently renamed to NEEW-TNG LTD).
In 2018, financial regulators in Germany, Lithuania, and five other countries warned that SkyWay "is not registered as a financial services provider and therefore, is not allowed to provide such services in their country," or warned the public about potential fraud the company was perpetrating.
The SkyWay Group (SkyWay Invest Group, SWIG) comprises companies that have raised investments for the development of string transport under the SkyWay investment brand. At various times, these companies invited potential investors to invest in the development of this transport technology. The investment method used was crowd-investing, employing various mechanisms, including convertible loan agreements. To increase the number of investors, a referral reward system was used.
Various promotion methods, such as telemarketing and multi-level marketing, were employed to attract investors. This crowd-investing model is characterized by the fact that the manufacturing company does not sell traditional securities but enters into convertible loan agreements with investors (lenders).
Due to the potential risks and challenges associated with crowdfunding as an investment mechanism, financial regulators in Belgium, Lithuania, and Estonia issued warnings that companies operating under the SkyWay investment brand do not have the appropriate licenses in these jurisdictions. Additionally, the Financial Markets Authority of New Zealand (FMA) stated that SkyWay Capital is not registered as a financial services provider in the country.
Among the companies that operated under the SkyWay investment brand, the most frequently mentioned are First SkyWay Invest Group Limited, SkyWay Invest Group (ceased operations in 2021), SWIG SIA (Latvia, ceased operations in 2021), RSW Investment Group LTD (BVI) (now renamed to NEEW-TNG LTD), SWIG International Ltd., SWIG America Consulting LLC Maryland (US), SWIG Australia PTY LTD (liquidated), and ООО “Скай Вей Групп” (Russia). All these companies were warned by financial regulators, and almost all have now ceased operations.
The SkyWay Group is often mistakenly associated with Unitsky String Technologies Inc., which does not provide financial services but is a developer, supplier, and operator of transport systems. In November 2021, the company announced a rebranding, changing its name from SkyWay Technologies Co. to Unitsky String Technologies Inc. The rebranding was explained as a transition from the “startup” phase to the “business” phase and a need to emphasize the engineering company's disassociation from fundraising activities conducted by various independent agents using names related to SkyWay.