A little over a month ago, REDD-Monitor wrote about a company called Prestige Investment Group Limited. The company director, Lee Hales had written to REDD-Monitor explaining that he wanted to speak to people who had been scammed into buying carbon credits as investments.
Category: UK
Response from Nick Meade, ex-director of D&P Sites part of the Capital Alternatives network: “Libellous and defamatory comments”
In October 2014, REDD-Monitor wrote about Sterling and Bond, Voiptel International, and Velvet Assets. The companies were part of the Capital Alternatives network. The post received more than one hundred comments, some of which named the individuals involved in these and other related companies.
Response from Salya Group: “Please could you kindly remove this link … with the upmost urgency”
An interesting response from the Salya Group to the German Police’s notice about Mohsin Salya, one of three carbon credit fraud suspects.
The European Investment Bank and USAID are supporting REDD through Althelia Climate Fund: A financial intermediary based in the tax haven of Luxembourg
On 13 June 2013, the European Investment Bank agreed to give up to €25 million to Athelia Climate Fund. This is the first time that the European Investment Bank has funded a European carbon fund. It is also the first time that the EIB has supported REDD, and it is doing so through a financial…
James Cable, director of Beta Commodities, disqualified for 14 years for selling carbon credits as an investment
Beta Commodities Limited was a boiler room operation that cold called retail investors and scammed them into buying carbon credits as investments. The company’s director James Michael Cable has now been disqualified as a director for 14 years.