A company called Verified Carbon Solutions is running a recovery room scam together with another company called Kentisbury Trust. And/or SML & Associates

Earlier this week, REDD-Monitor received an email from Brian Smith (name changed). Brian explained that about seven years ago he’d been scammed into buying carbon credits as an investment. Recently, Brian received an email from John Miles at a company called Verified Carbon Solutions. Miles said he was acting as a broker for Kentisbury Trust, a company looking to buy five million carbon credits.

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A story of carbon credits, diamonds, and fraud. Featuring London Carbon Market, Carlton Chase, SDKA International, Gurpreet Singh Rai, and the return of Luke Ryan

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”.

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A company calling itself Source Escrow is running a recovery room scam

A REDD-Monitor reader, let’s call him Harry, got in touch last week with a question:

Does anyone have any info on Source Escrow? They claim to be trading at 63 St Mary’s Axe London under a Companies House registered Co at Godington Hall, Bicester. If I phone their direct line I get a “switch board” and I am not able to connect to the director Mr Kivell. They are offering a good price for VCCs BUT require a deposit of £2000 in an “Escrow” account to lubricate the transaction. Thanks.

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Carbon credit scammer Sami Raja sentenced to eight years in prison

On 18 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. Four other men were sentenced in September 2018. Between January 2012 and August 2013, they miss-sold carbon credits to retail investors through two companies, Harman Royce Ltd and Kendrick Zale Ltd.

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Red flags: Radley Ventures Nominees, part of the Thorn Medical network, is selling shares in Med Cell Plc, a Liverpool-based firm linked to stem cell company Med Cell Bahamas

A company called Radley Ventures Nominees is involved in selling shares in Med Cell Plc, a UK registered company linked to a stem cell research company in the Bahamas. REDD-Monitor has seen a copy of Radley Ventures Nominees’ “Confidential Private Placement Agreement”. Needless to say, this so-called “investment” raises plenty of red flags.

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Boiler room scammer Michael Nascimento jailed for 13 years

Michael Nascimento has been sentenced to 13 years in jail for his role in a series of boiler room companies.

Between July 2010 and April 2014, the scammers cold called members of the public promoting investment schemes in Madeira. They promised guaranteed returns of between 125% and 228%, and convinced more than 170 people to hand over a total of more than £2.8 million. Of course, no one who invested ever saw any returns.

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