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”.
Category: UK
Eco Business Management: Another carbon credit boiler room scam bites the dust
Eco Business Management, a company that sold carbon credits to the public as investments, has been closed down in the High Court in London for misleading potential investors. REDD-Monitor wrote about Eco Business Management in October 2014.
Rothstein Capital & Partners is running a recovery room scam
A company called Rothstein Capital & Partners is contacting people who have been scammed into buying carbon credits or other near-worthless investments. The company claims that it can offer an exit strategy. Of course, Rothstein Capital & Partners wants an advance fee. And of course, it’s a scam.
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.
Windward Capital: Another carbon credit boiler room scam bites the dust
Windward Capital Ltd sold carbon credits to the public as an investment. Earlier this month, it was ordered into liquidation in the High Court for duping investors with false and misleading claims. Two related companies, Met-X Corp. Ltd and Imarc Ltd, were also closed down.