The UK government is to ban cold calling to sell pension investments. Philip Hammond, the UK chancellor, will announce the ban in his first budget statement tomorrow (23 November).
UK
There are 225 posts filed in UK (this is page 4 of 15).
Thorn Medical withdraws from listing on London Stock Exchange
In January 2016, Thorn Medical, a healthcare company, announced that it was planning to list “within the next two months” on the London Stock Exchange with a valuation of £350 million. In February 2016, Lord Beaverbrook joined Thorn Medical as Chairman. In October 2016, Thorn Medical wrote to its shareholders to tell them that the company had withdrawn from its listing on the London Stock Exchange, but that a related US company would list on the Nasdaq Stock Exchange in January 2017.
Sign the petition to make cold calling illegal in the UK
I’ve been writing about boiler rooms and investment scams for the last four years. I started in May 2012 with a post about a warning from the Financial Services Authority about the dangers of buying carbon credits as investments.
OffshoreAlert slams Operation Rico: “When it comes to combating global investment fraud, the UK is part of the problem, not the solution”
On 25 February 2014, police arrested 110 people suspected of being involved in boiler rooms. The City of London Police put out a press release announcing that, “A groundbreaking partnership between UK and Spanish law enforcement agencies has led to a total of 110 arrests”.
IFC launches US$152 million REDD greenwashing bond for mining corporation BHP Billiton. With help from Conservation International
Yesterday, the World Bank’s private sector arm, the International Financial Corporation launched a US$152 million bond aimed at supporting REDD and carbon trading. The deal demonstrates just about everything that’s wrong with REDD.
The bamboo boom that went bust for investors. Featuring EcoPlanet Bamboo, Citadel/Highpoint Trustees and Emerald Knight
On Tuesday, 3 April 2012, BBC Radio 4 broadcast a programme about a company called EcoPlanet Bamboo. The company was establishing a bamboo plantation in Rama, Nicaragua, part-funded by “the world’s first bamboo bond”.
Industry RE and a very big REDD carbon credit scam
Between 2009 and 2013, a UK-based company called Industry RE fleeced members of the public out of at least £13.3 million. Last week, the Insolvency Service announced that Ian James Hamilton, the sole director of Industry RE, had been disqualified as a director for 15 years.
Why is VCS so reluctant to help stamp out carbon credit scams?
Earlier this week, Dennis Myles left a comment on REDD-Monitor. Myles had been “approached” by someone calling themselves Timothy Davies, who claimed to work for Verified Carbon Standard (VCS).
Response from Phil Wombwell, ex-director of Eventus Alternatives: “Since 3 years have passed I would like you to consider removing the article in its entirety”
Three years ago, I wrote a post about a Dubai-based Eventus Alternatives, a company that specialised in selling carbon credits to retail investors. A week after the post, Eventus Alternatives’ solicitors threatened to sue me for US$250,000. Three years later, the company’s ex-director, Phil Wombwell, wrote a nice email asking me to remove the post.
Response from Lochwood Capital – “REDD-Monitor website : Defamatory internet posts and publications”
On 6 July 2016, REDD-Monitor wrote about a company called Lochwood Capital. I wrote about the company after the company director, Alexander Johnson, had sent several emails complaining about a comment on REDD-Monitor that mentioned one of Lochwood Capital’s then-employees, Russell Brooker.
MED Investment Operations – Part 1: Anyone want to buy 345 million REDD carbon credits? Only US$6.80 each
Last week, REDD-Monitor received a message from Boniface Mburaburirwe asking whether I have any buyers for carbon credits. I suspect Mburaburirwe hasn’t read much on REDD-Monitor, particularly not the series of posts about scam artists selling carbon credits to unsuspecting members of the public as investments.
A company calling itself “Novus Capital Markets” is running a recovery room scam
Yesterday, “Fallguy” left a comment on REDD-Monitor. Fallguy is one of many people in the UK who have been scammed into buying carbon credits as an investment. In his comment, he wrote about a recent phone conversation he had with Brian Carter from Novus Capital Markets. Carter was inviting him to get scammed once again.
Lochwood Capital: “Your site has comments sections which defame one of my employees”
Lochwood Capital is a company that was registered in the UK on 29 July 2011. Back then, the company’s name was Infinitas Investments Limited. It was registered in the name of Barbara Kahan, who was 80 years old at the time.
What does Brexit mean for climate change?
I’m guessing, but you probably don’t need me to tell you that more than half of the population the United Kingdom has just voted to leave the European Union. More than half of the population that voted, that is – 28% didn’t vote.
FCA charges five people with £2.75 million boiler room scam, including Michael Nascimento and Jeannine Lewis
The Financial Conduct Authority has charged five people with conspiracy to defraud. They are accused of promoting investment schemes in Madeira through a series of boiler room companies. The companies allegedly took about £2.75 million from 175 investors.