EcoPlanet Bamboo runs bamboo plantations in Nicaragua, South Africa and Ghana. A UK company called EcoPlanet Bamboo (UK) Ltd sold “bamboo bonds” with a promise of “a 500% return on investment over a 15 year period” on an investment of US$50,000. But in December 2015, EcoPlanet Bamboo wrote to bondholders to tell them that their…
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EcoPlanet Bamboo’s Eco Resources Fund PCC to go into liquidation
A company called EcoPlanet Bamboo (UK) Ltd launched a “bamboo bond” in 2011. Investors were encouraged to hand over their money, which would be used to establish bamboo plantation in Nicaragua. Camille Rebelo, one of the co-founders of EcoPlanet Bamboo, claimed that an investment of US$50,000 would see a return of 500% over 15 years….