In 2011, a Swiss company called World Markets AG bought five million “carbon benefit units”. They came from the April Salumei REDD project in Papua New Guinea. World Markets sold the “carbon benefit units” at a profit of over US$5 million.
Category: UK
Asia Beijing Corporation is running a recovery room scam, targeting Bar Works victims
Asia Beijing Corporation is cold calling victims of Renwick Haddow’s scam, Bar Works. Asia Beijing Corporation claims to be able to “exchange the toxic asset” for shares in Ant Financial Services Group. Of course, Asia Beijing Corporation is running a ridiculously obvious recovery room scam.
Renwick Haddow and Bar Works: Extradition process and court cases update
Last year, REDD-Monitor wrote a series of posts about Renwick Haddow’s latest scam, Bar Works. The most recent post was in July 2017, after the Securities and Exchange Commission filed a legal complaint against Haddow. The complaint alleged that Haddow fraudulently raised almost US$38 million from investors.
A company calling itself “Capital Advisory Group” is running a recovery room scam
In October 2017, “Oscar” left a comment on REDD-Monitor. “I have been contacted by Capital Advisory Group Ireland re my carbon credits,” Oscar wrote.
Does the April Salumei REDD project still exist? More questions for Stephen Hooper about his project in Papua New Guinea. And a reminder about the 14 still unanswered questions that REDD-Monitor asked two months ago
In July 2017, a group of over 150 people who had been scammed into buying “carbon benefit units” got in touch with REDD-Monitor. Several London-based boiler room operations, including Industry RE, had sold them the “carbon benefit units”, supposedly as investments. Unfortunately they were worthless.