The Capital Way Scam
Capital Way claims to offer a passive forex investment providing over 50% annual returns using a forex investment.
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Who are Capital Way?
Despite claiming “Absolute Transparency” on their website, Capital Way provides no details of who is behind the business.
The company claims a ten-year track record and provides records of supposed past performance going back several years. All such claims are fraudulent. The capitalway.com domain is anonymously registered, and was updated on 21 January 2019.
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Capital Way has a Facebook page on which numerous content-free posts have been backdated to as far back as 2013. However, Facebook’s “Page Transparency” box shows that the page was in reality created on 18 February 2019.
The website’s Terms & Service identify Capital Bridge’s corporate identity as Eastridge Capital Limited, which was incorporated in the Marshall Islands in July 2018. Marshall Islands incorporation is a favorite for fraudsters due to its essentially non-existent regulation.
There is no evidence that Capital Way existed prior to July 2018 at the earliest, and the scam is likely to have started in earnest in February 2019.
The company claims to be headquartered at the prestigious address of One Canada Square, Canary Wharf in the UK. This is another easily disprovable lie as Capital Way does not appear on One Canada Square’s list of occupants.
How safe is the investment?
Capital Way is currently being promoted in the UK via Gmail ads. The use of Euros on its website suggests it may be promoted in other European jurisdictions.
Despite promoting investments in the UK and managing a collective forex investment, neither Capital Way nor Eastridge Capital Limited appears on the FCA register. This means the company is breaking the law right from the off.
Capital Way’s refusal to release details of its directors, its willingness to break securities law, its lies as to when it was established and fabricated track record, and its implausible claims to generate returns of 50% per year (when 8% per year is considered a “high” projection for a legitimate, diversified stock market-based investment) confirm beyond doubt that Capital Way is an investment scam.
Depending on how long Capital Way’s anonymous directors decide to keep the scam running, this may be a simple take-the-money-and-run scam, an advance fee fraud, or a Ponzi scheme.
Either way the outcome for anyone who hands money to Capital Way is the same; they are certain or virtually certain to lose their money.
How do I get my money back?
Your money has been stolen by persons unknown and the chance of recovery is minimal.
If anyone contacts you claiming they can recover your money, it is almost certain to be another scam. They will ask you for “legal fees” which you will never see again.
Investors who fell for this scam should change their contact details as they are likely to be targeted by – and fall for – similar scams in the future.
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