In November 2019, Radio 4’s File on 4 broadcast a programme titled, “The Anatomy of a Fraud”. It documents in detail how 86 year-old Cynthia Tuck was scammed into handing over almost £400,000 in fraudulent investment schemes. And how the authorities and police have utterly failed her.
In January 2019, Sami Raja was sentenced to eight years in prison at Southwark Crown Court. He was found guilty of conspiracy to defraud and money laundering. Between January 2012 and August 2013, Raja and others miss-sold carbon credits to 130 retail investors. Two companies were involved in the £2.4 million fraud: Harman Royce Ltd…
Gurpreet Singh Rai, or Gurps to his friends, describes himself as someone who was a “prominent figure of the Carbon Market”. He claims to have created history in 2011, when he became “the first person to successfully facilitate a commodity trade using a virtual currency”.
On 11 May 2017, four men were sentenced in Blackfriars Crown Court in London to jail for selling precious metals as investments. The metals were almost worthless. The conmen duped retail investors out of £7.75 million.
On 27 April 2016, REDD-Monitor wrote about three carbon credit fraud suspects who were wanted in Germany for tax evasion and money laundering. Two of the men, Ashraf Muhammad and Mobeen Iqbal, are from Pakistan and the third, Mohsin Salya, is British.