Naked Capitalism is a blog set up by Yves Smith. She’s an expert on investment banking and the founder of Aurora Advisers, a New York-based management consulting firm. Carbon Neutral Investments is a company that, before it changed its name, provided services for a long list of companies that sold carbon credits as investments.
Category: UK
What to do if you’ve been scammed into buying carbon credits as an investment
By Chris Lang Over the past 18 months, REDD-Monitor has written a series of posts about companies selling carbon credits as investments. From the comments it’s clear that a large number of people have been taken in by the scam and many have handed over their life savings.
Why does the Serious Fraud Office not take action on carbon credit scams?
“The Serious Fraud Office is an independent government department, operating under the superintendence of the Attorney General. Its purpose is to protect society by investigating and, if appropriate, prosecuting those who commit serious or complex fraud, bribery and corruption and pursuing them and others for the proceeds of their crime.”
More “scumbag correspondence” from Enviro Associates
Almost a year ago, the BBC secretly filmed Luke Ryan, the director of Enviro Associates, making misleading claims about how much money can be made by investing in carbon credits. Ryan reckoned there was “serious money” to be made. Of course, we know he was lying. An online survey by the Financial Conduct Authority found…
Response from Christopher Newell, Wellz Zable: “Please kindly have this removed from your website within the next 48 hours”
In September 2013, I wrote about a company called Wellz Zable. The company is based in London and sells carbon credits as an investment. The website is full of the usual nonsense that these companies put out about carbon credits. Like this, “A number of buyers are purchasing different types of credits under all of…