News & Warnings

First SkyWay Invest Group Limited ('SkyWay Capital')

Warnings
17/05/2019

The Financial Services and Markets Authority (FSMA) warns the public against the activities of First SkyWay Invest Group Limited ('SkyWay Capital'), a company that offers investment instruments to the public in Belgium.

Despite its previous warning, the FSMA continues to receive questions from consumers about Skyway Capital, indicating that this company is still active in Belgium.

SkyWay Capital, is offering its shares to Belgian investors. However, it is doing so without having published a prospectus approved by the FSMA. The company in question is therefore not allowed to offer its shares in Belgium.

Moreover, the scheme proposed by SkyWay Capital exhibits the characteristics of a pyramid scheme. More information about this form of fraud is available on the website of the FSMA.

Various foreign supervisory authorities have likewise published warnings about Skyway Capital:

  • The Lithuanian supervisory authority (Bank of Lithuania);
  • The German supervisory authority (BaFin);
  • The New Zealand supervisory authority (FMA);
  • The Greek supervisory authority (HCMC);
  • The Slovakian supervisory authority (NBS);
  • The Italian supervisory authority (Consob).

The FSMA therefore advises against responding to any public offers of investment instruments issued by Skyway Capital or persons connected with that company and against transferring money to any account number it might mention.

Would you like to enquire more generally as to whether a proposed transaction complies with the financial legislation? If so, please use the search engine on the FSMA website. Feel free to contact the FSMA directly via the consumer contact form.