In November 2011, Richard Smith exposed a carbon credit scam company called Validated Carbon Credits in the blog Naked Capitalism. Validated Carbon Credits has since gone, but its parent company, Baron Traders Ltd is still selling carbon credits.
Author: Chris Lang
Questions for Lotus F1 about carbon credits and Advanced Global Trading
By Chris Lang Since 2012, the Lotus Formula 1 Team claims to be “targeting carbon neutral status”. It is doing so with the help of Advanced Global Trading – a Dubai-based company selling carbon credits as investments.
BluForest Inc: “Creating a sustainable, profitable business that protects the world’s irreplaceable rainforests.” Really?
BluForest is a company that investors should avoid, as the market cap of this company has been massively inflated by the stock promotion.
INTERPOL: Intangible carbon markets at risk from criminal networks
A new report from INTERPOL warns that carbon markets are at risk for exploitation by criminal networks.
ITV series “Fraud Squad” investigates money laundering (and carbon credit crime)
At 9pm on 8 August 2013, ITV will broadcast a new series of “Fraud Squad”. Episode One includes footage of the arrest of Ian McDonald and David Downes at Heathrow airport. In April 2013, Downes became the first person in the UK to be jailed for his role in a carbon credit boiler room scam.