A company called London Carbon Neutral Ltd and eight linked companies have been shut down in the High Court in London. The companies were shut down after “high pressure and intimidating sales people had targeted the elderly and vulnerable” to sell them carbon credits as investments.
Category: Australia
Financial Conduct Authority wins appeal case against Capital Alternatives
The Court of Appeal has upheld a February 2014 High Court ruling in which the Financial Conduct Authority won their case against Capital Alternatives and other firms. The FCA accused the firms of “promoting and/or operating collective investment schemes (CISs) in the UK illegally and without our authorisation”.
On cockroaches and Capital Alternatives
“It was the generally accepted way for brokerage firms under regulatory heat to stay one step ahead — essentially, closing down and reopening under a different name, thereby starting the process of making money and fighting the regulators all over again. It was like stepping on a cockroach and squashing it, only to find ten…
Conservation Central Network, Sustainable AgroEnergy and a “thickening quagmire of dishonesty”
In December 2014, three men were sentenced in Southwark Crown Court in the UK to a total of 28 years for their involvement in a £23 million biofuel investment fraud. While handing down the sentence, judge Martin Beddoe described the fraud as a “thickening quagmire of dishonesty”.
“I think every member of CCN is a victim of the fraud”, says ex-member of Conservation Central Network
Investigative journalist Antonio Papaleo has produced a short film exposing Conservation Central Network’s “Social Network Marketing” scheme. The film was funded by some of the people who fell for CCN’s claim that the company was offering a way to save forests and make money.