In May 2013, MH Carbon went into voluntary liquidation. How much of the tangled web of carbon credit deceit will unravel as a result?
Category: UK
Advanced Global Trading: Another boiler room scam? Or a Ponzi scheme? Or both?
By Chris Lang Advanced Global Trading sells voluntary carbon credits to members of the public as an investment. The company’s brokers cold call people and attempt to persuade them to invest. “For a minimum investment of $25K you too can invest in Carbon and make a difference,” the company states on its website.
City Asset Partnership: Another boiler room scam?
“R”, a commenter on REDD-Monitor, recently told his story about buying voluntary carbon credits from a company called City Asset Partnership. He paid a total of £1,525 for 250 credits, a price of £6.10 per credit. Unfortunately, the company seems to have all the hallmarks of a boiler room scam.
Interview with Paul Mark Green, Carbon Neutral Trading Exchange: “I decided to set a goal to aid clients in exiting the market”
Earlier this week, a commenter on REDD-Monitor asked about a company called Carbon Neutral Trading Exchange. My response was sceptical. It seemed to me that this was a company that looked as though it was attempting to profit by selling over-priced voluntary carbon credits.
“Beware when an investment involves Carbon Neutral Investments,” warns the UK’s Financial Conduct Authority
Carbon Neutral Investments is a UK-based company that, until recently, offered two services. First, it worked with companies to sell them carbon offsets to make them “carbon neutral”. Second it provided clearing and settlement services for companies selling voluntary carbon credits.