By Chris Lang
BR & UK Florestal EIRELI – EPP is a Brazilian company that runs teak plantations in Brazil. In March 2018, Imaflora audited the company’s 53 hectares of plantations and remnants of forest, and certified them as well managed under the Forest Stewardship Council system.
The plantations are near the town of Jaru in the state of Rondônia. The 10 hectares of the Puma Plantation were planted in February 2017. The company bought the Marmoset Plantation in June 2017. The trees on that plantation were planted in 2001.
The name of the FSC-certified company is BR & UK Florestal EIRELI – EPP. But the company behind the operation is a UK registered company called Green IS Group. Imaflora acknowledges this in its audits by inserting “(Green Is)” after the name of the company.
In its 19 August 2019 audit, Imaflora raised a major corrective action. Green IS Group was using the FSC logo on several investment websites. Here’s an example: a screenshot from an archived copy of green-bonds.uk.com, dated 28 July 2019:
By 29 August 2019, the website had disappeared. Imaflora reports in its audit that by September 2019, on greenis.co.uk and green-forestry.co.uk, “no mentions related to the use of the FSC brand were found”.
Unfortunately, Imaflora didn’t bother looking at Green IS Group’s Facebook page, which still features the FSC logo:
And back in September 2017 the green-bonds.uk.com website was giving the impression that the company was already FSC certified. The website stated that, “The FSC (Forestry Stewardship Council) certified company meets high levels of local and international ethical and sustainable standards.” At this stage, Green IS was not FSC-certified.
The website greenis.co.uk currently features the FSC logo with a disclaimer stating that “FSC is not responsible for, and does not endorse, any return on financial investment statements”:
FSC’s mission is to “promote environmentally appropriate, socially beneficial, and economically viable management of the world’s forests.” Surely FSC doesn’t believe that a Ponzi scheme is economically viable?
The Green IS network of companies
Green IS turns out to be not one company, but several related companies. Here’s a list (possibly not complete), in chronological order of the registration of the companies:
- Green IS Projects Limited was registered in the UK on 9 August 2013.
Directors: Guy Conroy, Daniel Scott-Drysdale, Roland Jansen (resigned 20 October 2015), Tony Vranckx (resigned 1 September 2014), Cheryl Williams (resigned 1 January 2018), Gary Williamson (resigned 10 June 2019).
Control: Guy Conroy.
Address: Blackwell House, Guildhall Yard, London, EC2V 5AE.
Notes: Previously called Green Investment Solutions Limited. - GIS Forestry Limited was registered in the UK on 5 March 2014.
Directors: Guy Conroy, Danile Scott-Drysdale, Cheryl Williams (resigned 1 January 2018), Gary Williamson (resigned 10 June 2019).
Control: Cheryl Williams-Conroy, Guy Conroy.
Address: Blackwell House, Guildhall Yard, London, EC2V 5AE.
Notes: According to a 2019 company brochure, in June 2017 GIS Forestry bought a plantation and title to 35,000 teak trees in Rondônia. GIS Forestry entered into a plantation maintenance agreement with Green IS Timber Comercio de Madeiras under which GIS Forestry agreed to pay £35,000 per year. - Green IS Holding Company Limited was registered in the UK on 17 June 2014.
Directors: Guy Conroy, Daniel Scott-Drysdale, James Williams-Ward (resigned 1 January 2018), Gary Williamson (resigned 10 June 2019).
Secretaries: Daniel Scott-Drysdale, Accounting Worx Secretaries Limited (resigned on 1 January 2018).
Control: Guy Conroy, James William-Ward (until 10 May 2019).
Address: Accounting Worx Ltd 61-63 Crockhamwell Road, Woodley, Reading, England, RG5 3JP.
Notes: Accounts overdue. On 9 July 2020 the company re-registered from a Public Limited Company to Private. Previously called Green Investment Solutions Holidngs PLC, then Green IS Holding Company PLC. - GIS Clean Green Bond Limited was registered in the UK on 11 September 2014.
Directors: Guy Conroy, Gary Williamson, Roeland [sic] Jansen (resigned 20 October 2015).
Secretaries: Accounting Worx Secretaries Limited (resigned 1 January 2018).
Control: Guy Conroy, James Williams-Ward, Cheryl Williams.
Address: Accounting Worx Ltd 61-63 Crockhamwell Road, Woodley, Reading, England, RG5 3JP
Notes: Accounts overdue. Confirmation statement overdue. - Green IS Group Limited was registered in the UK on 23 March 2015.
Directors: Guy Conroy, Daniel Scott-Drysdale, Cheryl Williams (resigned 1 January 2018), James Williams-Ward (resigned 1 January 2018), Gary Williamson (resigned 10 June 2019).
Control: Guy Conroy, Gary Williamson (until 10 April 2019).
Address: Blackwell House, Guildhall Yard, London, United Kingdom, EC2V 5AE.
Website: greenis.co.uk
Notes: In 2018 Green IS Group reported a turnover of £7 million. Cost of sales came to nearly £4.4 million, administrative expenses nearly £2.2 million, leaving profit after tax of £394,116. - 3G Capital Limited was registered in the UK on 8 April 2015.
Directors: Guy Conroy, Gary Williamson, Graham Arnott (resigned 9 October 2015).
Control: Gary Williamson, Guy Conroy.
Address: Accounting Worx Ltd 61-63 Crockhamwell Road, Woodley, Reading, England, RG5 3JP.
Website: www.3gcapital.co.uk
Notes: According to a May 2019 Green IS Group company brochure, 3G Capital is the Managing Agent for the Green Bond Issue. On its website, 3G Capital lists two clients: UK Asset Capital Limited and DL Capital Limited. Both companies shared the 61/63 Crockhamwell Road address in Reading, and both companies are dissolved. - BR & UK Florestal LTDA was registered in Brazil on 13 April 2016.
Address: AV Padre Adolpho Rohl 941 Setor 02, Jaru, Rondônia, Brazil.
Notes: BR & UK Florestal EIRELI – EPP is the name of the FSC-certified company, according to the FSC website. On Imaflora’s most recent audit, the company contact is Cleilton Florêncio Leite His email address is [email protected]. On the Green IS Group Limited website, Leite is listed as Managing Director of Green IS Timber Comercio de Mederia [sic] LTDA. A Green IS Group company brochure states that “Green IS Timber Comercio de Madeiras Ltda are FSC certified with chain of custody for all of its operations in Brazil.” - Green Guard Group Limited was registered in the UK on 13 July 2017.
Directors: Thor Conroy, James Sutton, Leon Bartlett (resigned 1 December 2018).
Control: Thor Conroy.
Address: Cudham Tithe Barn, Berrys Hill, Berrys Green, Westerham, England, TN16 3AG.
Website: www.greenguardgroup.co.uk
Notes: Previously called Fidelity Wealth Limited, the company promoted property investment in Dubai. It is now also offering “Ethical & Sustainable Bonds” with a “stable return of 8-11% per annum”. - UK Asset Capital Limited was registered in the UK on 6 October 2017. On 10 March 2020, the company was dissolved via compulsory strike-off.
Directors: Guy Conroy, Gary Williamson.
Control: Guy Controy, Gary Williamson.
Address: 61/63, Crockhamwell Road, Woodley, Berkshire, United Kingdom, RG5 3JP. - Green IS Ventures Limited was registered in the UK on 20 June 2019.
Directors: Guy Conroy, Daniel Scott-Drysdale, Green IS Group Limited.
Control: Guy Conroy.
Address: Blackwell House, Guildhall Yard, London, England, EC2V 5AE.
Website: www.greenisventures.com
Notes: On 25 February 2020, Green IS Ventures took out a “debenture containing floating charge over the assets and undertaking of the company” with a company called Audacia Capital (Ireland) plc.
The Green IS “investment”
The website greenis.co.uk has been pushing what it calls “Ethical and sustainable forestry investment” since at least December 2013.
By June 2014, the company was explaining on its website that,
Investments start from as little as £5,000 and the amount of trees purchased varies according to the term of the investment selected. For instance, £10,000 buys 300 Teak trees planted from saplings or £10,000 buys 150 Standing Teak trees aged 9 years old.
When the investor purchases their trees the saplings are planted and nurtured by expert foresters who will also provide the investor with an annual report. The annual report provided to the investor will explain events such as the thinning of teak trees to make more room for the stronger trees; the harvested timber from the thinning will be sold and the investor will receive the payment.
The investor can choose to sell their investment at any time and will receive the current market value of the trees according to an independent valuation of the timber.
A May 2019 Green IS Group brochure, titled “Green Bond Invitation Document”, explains that this is an extremely high risk, completely unregulated investment:
The investments being offered are not FCA regulated investment products.
They may only be offered to prospective investors exempt from the Financial Services and Markets Act 2000 by way of their inclusion in Part VI of the Financial Services and Markets Act (Financial Promotion) Order 2005.
By agreeing to take up these investments, you will not be eligible for regulatory protection and you may lose all your money.
The brochure also points out that,
Green IS Group Limited is not regulated by the Financial Conduct Authority (“FCA”). They are not permitted to offer, nor do offer, any financial advice about investment products, be they regulated or unregulated.
Earlier this year, Green IS Ventures put out a brochure promising 7.5% annual interest, paid quarterly. The total return promised is 37.5% after five years:
The issuer of the bond is Audacia (Capital) Ireland Ltd. Green IS Ventures’ brochure claims that the bond is recognised by the Financial Conduct Authority: “The FCA classify these bonds as standard assets due to the structure controlled by the Central Bank of Ireland and listing on the Irish Stock Exchange, which is recognised as a major stock exchange.”
The directors of Audacia Capital include John Ferguson and Charlie Goldsmith.
Ferguson’s previous company, Square Mile International was an unregulated Czech financial advisory firm that pushed people to invest in Blackmore Bonds. You can read more about how this mini-bond investment scheme collapsed here:
Since the beginning of this year, consumer campaigner Mark Taber has been reporting every advert for mini-bonds that he finds on Google to the Financial Conduct Authority. In the first month, he reported 90 bond and individual saving account (ISA) adverts.
On 6 July 2020 he took a screenshot of an advert for “Green Forestry Bonds”, with a link to the greenisbonds.co.uk website:
Clicking on the link takes us to greenisbonds.co.uk – a website run by Green Guard Group Limited:
At the bottom of the website is the following note: “Our ethical forestry operation in Brazil is proud to be a member of the FSC. Our license code is FSC-C133983.” Clicking on the link takes us to FSC’s website for the certification of BR & UK Florestal EIRELI – EPP.
I’m guessing that Green Guard Group’s director, Thor Conroy, is Guy Conroy’s son.
A look at Guy Conroy’s and Gary Williamson’s past records reveals that Green IS Group isn’t their first forestry investment scheme. Needless to say, none of these companies were registered with the Financial Conduct Authority. And all of them collapsed.
I.T.A.S. Limited
“Prior to starting GIS, he worked at ITAS Ltd, a start up company in the forestry investment business. Guy was responsible for business operations, sales and business development. He developed the business from its launch in the forestry industry to a multi million pound forestry investment business.”
That’s what Guy Conroy did before Green IS, according to an archived copy of Green Investment Solutions’ website dated 24 June 2014.
I.T.A.S. Limited was registered in the UK on 24 March 1988. The company’s directors are Adrian Byrne, Clarice Byrne (resigned 1 April 2011), and Michael Byrne (resigned 6 April 2017).
An archived copy of the company’s website in 2012 includes the following claim:
ITAS is are a specialist timber investments company for private and corperate [sic] investors based in the UK.
A typical investment of £10,000 over 5 years with a project return of £68,850. we offer investments from 18 years to 3 years with entry levels as low as £5,000.
Here’s a screenshot of the investment offer on the company’s website in March 2016:
On 27 June 2018, I.T.A.S. Limited was ordered to be wound up in the High Court. The company is now in liquidation.
In December 2019, the Liquidator produced a report that includes the following comment:
A very considerable amount of time has been spent attempting to assemble the books and records in this case to enable me to properly unscramble and understand the Insolvent Estate’s affairs, dealings and property. The reason for that position has been by virtue of what appears to me to be the incompleteness of the books and records disclosed to me by the Insolvent Estate’s Diretors and the piecemeal way in which disclosure has been provided over a considerable number of months.
The liquidator reports that I.T.A.S. Limited claims to have 500 trees in Brazil “with an estimated value of £15,400”.
The Liquidator has enquired of Adrian Byrne as to trees that he has suggested to be ascertainable for the investor contingent creditors. Mr Byrne submits that the trees are available for each of the tree purchasers. The Liquidator has struggled to establish from the Insolvent Estate’s records how a tree purchaser can identify and access their trees.
The liquidator received claims totalling more than £3.1 million.
The current version of the Green IS Group website makes no mention of I.T.A.S. Limited.
Oxigen-Investments PLC
Conroy was a director of a company called Oxigen-Investments PLC, registered in the UK in December 2004. The company set up teak and agarwood plantations in Costa Rica and Sri Lanka. The minimum investment was £10,000.
An Oxigen-Investments brochure suggested a return of £193,950 on a £10,000 investment:
If that sounds too good to be true, it’s because it is. Offshore Alert’s David Marchant points out that, “Any investment scheme with a performance chart that is essentially a diagonal line trending upwards with little or no meaningful variation over many months is a Ponzi scheme and, as such, doomed to failure.”
In 2009, Richard Branson agreed a deal with Oxigen to offset the carbon Virgin’s Formula One racing cars emitted using Oxigen’s trees.
In a press release about the deal, Guy Conroy said,
“Formula One represents the global media platform that will position our brand on an international stage and it was an easy decision to partner with the Virgin Racing team given Virgin’s stated position on the environment and the exciting team that has been put together to challenge for F1 honours. We look forward to the start of the new F1 season and to working with the team to create awareness and positioning for our brand and to developing new business opportunities.”
Money Observer reports that Branson subsequently sued Oxigen, when the terms of the arrangement were broken, bringing Oxigen “to its knees”.
Oxigen-Investments was ordered to be wound up in the High Court in London in August 2010, and was dissolved in February 2014.
Paul Laver and Matthew Pickard were two of the directors of Oxigen-Investments. Laver and Pickard were also directors, with Stephen Greenaway, of a company called Ethical Forestry Limited, that offered investments in a plantation in Costa Rica. About 3,500 people invested a total of £70 million in the scheme. The company went into liquidation in December 2015. In 2019, all three directors were disqualified from acting as a director of a company for six years each. In December 2016, the Serious Fraud Office opened an investigation into Ethical Forestry Limited.
Green Forestry Management Limited
Conroy and Williamson were directors of a company called Oxigen Forestry Limited. The company was registered in the UK on 14 January 2010. It was renamed in June 2014 as Green Forestry Management Limited.
According to a 2015 Green Forestry Bond Invitation Document, Green Forestry Management Limited entered into a plantation maintenance agreement with GIS Forestry Limited. Green Forestry Management was paid £35,000 per year to maintain 35,000 teak trees. Meanwhile GIS Forestry Limited issued 200 Green Forestry Bond certificates.
It appears to be exactly the same investment scheme, and exactly the same plantation as the one certified by FSC. According to the 2015 brochure, GIS Forestry bought a three year lease over the plantation and title to 35,000 teak trees on 1 July 2014.
Green Forestry Management was dissolved via compulsory strike-off on 26 March 2019.
Munio Capital Limited
Munio Capital Limited was registered in the UK on 21 July 2015. The company’s directors were Gary Williamson and James Williams-Ward (resigned 13 September 2017). The company secretary was Accounting Worx Secretaries Limited (resigned 30 September 2019).
Munio Capital offered five year unregulated bonds and claimed a return of 9.85% per year. Munio Capital handed over the £813,000 it raised to a company called Privilege Wealth PLC.
In October 2016, David Marchant of Offshore Alert exposed Privilege Wealth as a “global investment fraud”. Marchant also exposed Brett Jolly’s role in setting up the Privilege Wealth investment scheme.
Jolly has a colourful history, some of which is covered in this November 2013 post on REDD-Monitor:
Anglo Capital Partners sold carbon credits as investments. In August 2017, Jolly was banned as a director for allowing his firm to trade “with a lack of commercial probity”.
Five months after Marchant exposed the scam, Privilege Wealth’s investment scheme collapsed. Investors lost more than £40 million.
In February 2018, Privilege Wealth went into administration. In January 2020, the High Court ordered the company to be wound up. Investors lost all their money.
On 7 April 2020, Munio Capital was dissolved via compulsory strike-off. The website Bond Review concludes that,
The assets of Munio Capital now belong to the UK Government, but as the administrators of Privilege Wealth have confirmed that there is no prospect of a dividend to unsecured creditors, Munio Capital is also near-certain to be worthless.
Great research Chris-thank you.
“Since the beginning of this year, consumer campaigner Mark Taber has been reporting every advert for mini-bonds that he finds on Google to the Financial Conduct Authority.”
Great work Mark Taber but sadly it’s a complete waste of time because the FCA do sweet FU about all of this and let the people they’re supposed to be helping to protect, get constantly raped by all the scam companies out there.
The FCA right now are probably organising a meeting about when to hold the next meeting, then they’ll almost certainty organise another meeting (about the meeting of the potential meeting) do discuss the diversity content of the meeting of the potential meeting. That will then sit on the lawyers desks for sometime, and maybe never even get any further than that. In the meantime the fraudsters are laughing and getting rich. Hell, even if they get caught all that happens is they get a slap on the wrist. Does that stop them, like hell it does.
What a complete joke the FCA is. Shocking really.
PS. As ever Chris, great work. By continually writing these sorts of articles you’ve helped many investors keep hold of their cash. Contrast the work you do versus the FCA? Their behavior is absolutely shocking and it never gets any better.
Thank you for this long awaited post on the subject of a comment I made yrs ago, I get
many out of the blue calls from boiler rooms, I was beginning to think GreenIS was an exception to the rule that
they are 100% cons – their HQ building in the promotion photos looks like it really exists but my emails about who is buying their teak only produced evasive replies convincing me that investors would lose out.
My R-M comment on GFI 13/3/2014 post was :
fred says:
19 February 2017 at 10:29 pm
cold called last week by GREENIS teak plantation minibond salesman, strung him along for
1 hour+ then said i’m out, prospectus totally free of checkable facts, later calls from marketing guys with public school accents annoyed that I am investigating this company.
Any other info on GREENIS please
@Fred – Thanks for this, and thanks for your comment three years ago! The first comment on REDD-Monitor about Green IS was in June 2014….
Fred, scammers hate it when people call them out as scammers.
See, they live their lives as a lie and so subconsciously convince themselves they’re not scumbags because they don’t like the reality of what they really are and have become.
But when someone snaps them back to reality, and tells them they’re scumbags/liars/scammers, they lose it.
Keep making them lose it is my advice. Keep reminding them they’re scum.
Dear Fred and Chris, I’m very happy to answer any questions you have about Green IS Group and the other companies in the group structure. There are many inaccuracies in your report and I’m sure you would rather have the accurate facts to report. We have nothing to hide at Green IS and yes Fred you are correct we are the exception to the rule with all investors paid and all timber exported from Brazil is sold to clients around the world on a monthly basis with the funds being used to pay investors. Not a Ponzi investment as you state. Please feel free to call me at our office anytime. Many thanks.
Dear Guy, the checkable facts that any professional investor would be looking for in the prospectus are cubic yards production figures, turnover, examples of end users, valuation of business, detailed plantation maps etc – why are they not included?
Hi. Thank you very much for this info. What can you do if you have been a victim of this scam?
Does anyone know if any investor has actually ever got their investment back?
Not possible to get the investment back I was told in November 2019 to return the original bonds to David Evans and did so by registered post. 16 months have gone by and I’m still waiting for my money. Now I have no original Bonds and No Cash.
Can you recommend a solicitor in London who will take this on ?
Guy Conroy has promised payment many times, Now interest payments have also stopped.
I suggest the formation of a Green IS bond holders Action Group to monitor events, and share costs should litigation be necessary. Today, I had to apply for Pension Credit.
Read your comment (Tom Rayner). I agree entirely. I have started proceedings against the Greenis Group which are a slippery bunch. They appear to have set this up in such a way as to make it difficult to get to them, especially the head culprit, Guy Conroy. But there are chinks in their armour. I would be very interested in getting an action group together in order to pull this despicable organisation down and stop their psychopathic behaviour in destroying people’s lives.
I have a lot of money invested in Green IS and am now feeling really stupid and worried.
I too have a lot of money invested in GreenIS and feel ashamed i was so taken in . I think a joint legal action should be considered by those of us affected and i have emailed johnny -posted 10th May above.
Hi I have just found this and echo your feelings and sentiments. I feel totally devastated at what looks like loss of all investment, stupid, ashamed. You may not look on here again but I think a group as suggested by John Raymond is important for support and information.
Greetings – Have you been informed that a High Court application to have greenIS wound up will be heard on January 19th 2022?
Tom Rayner
Did you all receive this email?
Security Trustee Instructions – GIS Forestry Limited
Important Information
Gareth Coward, you have been invited to vote in the following election
Security Trustee Instructions – GIS Forestry Limited
organisation logo
Election Details
As the Security Trustee to the GIS Forestry Limited financial promotion, we need to receive instructions on how to proceed from the Secured Party Majority Group (SPMG). The SPMG requires 66.66% of bondholders measured by way of value to agree on a way forward, which we will formalise into an instruction and act accordingly.
The vote on this system will be done on a 1-for-1 basis and we will internally calculate the votes based on each voter’s bondholding value. Once the voting has been closed, we will ask our audit partner, a Statutory Auditor, to verify the correctness of the calculations.
I would like to receive the instructions by no later than close of business on Wednesday the 12th of January 2022, so the vote will close at midday on Wednesday the 12th of January 2022.
How to vote:
To view the detail of each proposal before you make your selection, please click on the white box to enable a popup containing the detail of the proposal.
When you are ready to cast your vote, click on the appropriate “choose” button
You will asked to confirm your vote, which will be final
Election starts: Tue Jan 11th 2022 at 00:01 and closes: Thu Jan 13th 2022 at 12:00
Your Election Credentials are as follows;
Voter Id: xxxxxxxxxxxxxx
Voter Key: xxxxxxxxxxxx
Click Here to Vote
Clicking the above button when the election is live
will automatically log you in to vote
PDF attached to one of the emails:
Green IS Group Executive Summary
During the last 15 months, Green IS has suffered with not only the COVID issues here in the UK but also with the delayed and subsequent COVID issues in Brazil. We took the very hard decision to suspend all coupon payments and Capital repayments in Dec 2020. In doing this we anticipated from the information at the time that this would be a short-term matter, however, after time went on and the extensive lockdowns around the world, we had no choice but to extend this timescale.
Now after a year of delays and things still not getting back to normal, especially in Brazil, we have found ourselves being pursued by 2 investors who have taken action against the group companies in the form of a winding up petition.
We are defending this matter for the protection of all investors as we resolutely feel that the recovery of the business rather than the handing over to liquidators would be in the best interest of the investors and also a faster way to resolve the issues we have suffered. The directors have a business plan set in place and they feel that this is best positioned to recover the company within a reasonable timeframe.
Ongoing Business
The company has timber in stock in the form of finished products and also raw materials in various stages of export and we intend to process and export these over the next 3 months, increasing the number of containers that we can export. As a snapshot view, we currently have 2 containers leaving in January, 3 to 4 containers leaving in February and 5 containers in March. This will get us back on track with all the normal day to day running costs for the company. We also have our Managed Project (MP) that we will be able to activate again in April this has over 8000 m3 of timber available to mill and export and should provide a revenue over the following 6 months of over $5M.
With the ongoing partner mills producing more product on a monthly basis and the MP, we see that the full recovery will take less than 12 months.
We feel that if the liquidation of the company takes place, then the above timescales would be delayed by at least another 12 months.
All the assets of the company are still in place and available for the security of the investors, however the biggest issue we have had over the last 12 months is export of containers not the harvest of product, so even if we were to harvest all the asset to satisfy the investors capital this would not resolve the container shortage or the port delays in Brazil, so we feel this would be completely the wrong approach to resolve this matter.
The assets of the company, once harvested and processed, are as follows:
Marmoset Plantation 30,000 + trees valued at $4.7m.
Golden Frog Plantation 46000 + trees valued at $9m
MP valued at $5m.
These assets are more than enough to cover the investors coupon payments and capital repayments. This is a conservative valuation based on cubic metres of timber available at the lowest market price for these products.
Guy Conroy
CEO Green IS Group Limited
I reveived this today:
Good afternoon everyone,
Thank you very much to everyone who voted on the important subject of ‘what to do next”. I am grateful for your time and efforts over the last 10 days.
The voting closed at 12-noon London time today. A copy of the result has been included for you.
A majority in excess of the 66.66% required to form a Secured Parties Majority Group, has been reached. The majority voted for option 1, which is to allow Mr. Conroy and his management team to continue the business, subject to a mandate which we will negotiate and reduce to writing in due course.
Of the total weighted votes:
Option 1 – to allow Mr Conroy to continue the business, subject to a mandate: 76%
Option 2 – appoint an Administrator: 11%
Option 3 – appoint a Liquidator: 7%
Option 4 – do nothing: 6%
Measured by way of investor numbers, 77% of all the bondholders participated in the vote.
The ‘next steps’ will start next week. The first of two insolvency hearings will take place in the High Court on Wednesday the 19th of January 2022. I will be attending the Hearing as an observer. On the proviso that the Application is rejected, we will start the process of negotiating the operating mandate with Mr Conroy and his management team. Before the mandate is finalised, you will have opportunity to comment.
Thank you once again for your time and efforts.
Please feel free to email me if you have any questions.
Kind regards
Graham Arnott
Partner: Complex Matters
Latest email:
Good morning everyone,
An Order was issued by ICC Judge Barber granting the company 56-days from today (being the 16th of March 2022) to seek formal insolvency advice and respond to the Court at or before the second hearing set down for the 16th of March 2022.
I have introduced Mr. Conroy to an insolvency practice we deal with, The Frost Group, who will be in touch with Mr. Conroy tomorrow.
So, for now, the insolvency application has been held over.
Kind regards,
Graham Arnott
Partner: Complex Matters
If Guy Conroy is serious about his comments of 12th Jan – why did’nt he inform his bond holders? I telephoned, emailed and wrote all to no avail. Am I being stupid asking this question? probably.
Are you a fed up Green IS Group Ltd bond holder? I certainly am, so please read on. Lets face it, Covid 19 was an absolute gift excuse for Conroy – no interest payments, no capital repayments at a time when world timber sales have never been more buoyant! Any marketable trees, if they ever existed, could have been sold many times over in the past 18 months.
I accept being hugely unwise to invest, and almost certainly lose a very substantial sum in what REDD-Monitor have identified as a Ponzi scheme, compromising my retirement income. If you are a creditor of GREEN IS GROUP LTD for any amount, help me bring them to account.
Please support my Winding Up Petition to be presented at the High Court on Wednesday 2nd February 2022, by downloading & completing the GOV.UK “Notice of Persons intending to Appear” form from their website, and emailing to my solicitors by 15.00 on Tuesday 1st February:
(www.gov.uk) Form comp 4: Notice of persons intending to appear – Gov.UK
IN THE MATTER OF GREEN IS GROUP LTD.
Solicitors – email to: [email protected]
If you have any difficulties with the above, email me at: [email protected]
Many thanks.
Amanda Courtney
“GREEN IS” the latest.
For those involved with Green IS and fallen foul to dealings of this organisation I’m sure you will be interested in what I have found.
I won’t revisit Guy Conman’s (Conroy) previous failed ventures where small investors lost millions as it has already been covered in previous posts, but other members of the crooked organisation need calling out.
Firstly you will have thought you were dealing with a sales rep called Sean Patrick in the belief that Patrick was his surname, it transpires his real name is Sean Patrick Dineen. You have to ask yourself why would an honest man feel the need to hide his identity?
You will also know the name of David Evans he was the business development manager at Green IS. Looking into his past will link him with dubious land bank deals for which he was barred from being a Director for 11 years in 2013, further research shows him involved with European fine wines which folded owing investors millions. You will also find Sean Patrick Dineen in the same organisation.
You might like to know that Graham Arnott ran accounting worx group of company’s which was closed and resurrected under the name of Inchmead Group. These company’s were used as company secretary and or accountants for company’s linked to Guy Conroy. The Inchmead Group ie Graham Arnott is conveniently the trustee for Green IS forestry, supposedly working on your behalf. We will see! To me this appears to be a conflict of interest. Research will show you connections and many other organisations with Williamson, Conroy and Arnott.
I have been in touch with the fraud team who are showing great interest in what appears to be another Ponzi scheme. In this matter I would ask you to be involved with me in perusing these people. I’m not telling you that you will get your money back but you will get justice. Strength in numbers.
Ps: see Amanda Courtney’s post above and do your best to support this lady in her winding up petition.
Thank you
John Raynond
Hi, following the latest “update” from Graham Arnott at Inchmead, dated 17/03/2022 stating that an Insolvency Practitioner or Official Receiver will be appointed, does anyone have any further advice for investors seriously let down in the Green IS Forestry Bond? Both I and my Mother are investors and cannot afford to lose our initial investments.
WHO do we contact I have £20K invested in GreenIS and only just found out about this? Mark
Gary Williamson has used the previous names Gary Jones,Gary Davies his real name is Gary Jenkins he is a Undischarged Bankrupt in Gary Jenkins(0000496)on 10/10/06 he then changed his name to Gary Jones & was made Bankrupt again under the name Gary Jones(0000326)on 22/05/08 while still Bankrupt in his real name Gary Jenkins both not discharged.
He conspired with Guy Conroy to defraud Banks,Investors etc over 15 years Guy laundered his cash through his wife Cheryl Williams lives in Kent big detached house refurbished & extended via investors hard cash.
I would like to see proof of assets Guy Conroy said the company owns in his PDF remember he is a serial fraudster!
@Stevie Kay – Could you provide some evidence please for your claims that Gary Williamson has used different names under which he has gone bankrupt, and that Guy Conroy laundered money through his wife. Even better, please pass on this evidence to the police. Thanks.
Send me your contact phone number please & email I have all the proof.
@Stevie Kay – There’s a contact page on REDD-Monitor here, which includes my email address. I look forward to hearing from you.
Does anyone have contact details of the Insolvency Practitioner dealing with the liquidation of GreenIS?
@Tom Rayner – As the post above explains, there is a network of Green IS companies – here’s the current status of each of them – two of the companies are in liquidation (GIS Forestry Limited and Green IS Group Limited):
All we (my partner & I) wanted, was an ethical investment that would benefit the planet and allow us a few treats & trips once we retired. It now seems we should have been more thorough in our research & probably should have left our hard-earned cash in the bank. We can hardly stand to lose our small but vital investment of cash but thanks to a bunch of crooks, we have lost out.