On 22 August 2016, a court order to wind up Conservation Central Network and appoint a liquidator was issued in Australia. About time too.
Category: Australia
The incredible story of Papua New Guinea’s April Salumei REDD project
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.
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
By Chris Lang “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…
Conservation Central Network, Sustainable AgroEnergy and a “thickening quagmire of dishonesty”
A mix of bribery, fraud, biofuels in Cambodia, an ex-Reuters employee, Lord Laird of Artigarvan, and lots of (non-existent) carbon credits.