On 9 January 2019, a ban on cold-calling about pensions came into effect in the UK. The ban is finally in place, more than two years after the government held a consultation to look at ways to tackle pensions scams, including a cold calling ban.
A company called “NLC Partners” is contacting people who were scammed into buying carbon credits as investments. NLC Partners claims to be able to sell the carbon credits. Needless to say, this has all the hallmarks of a recovery room scam.
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.
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.
On 19 April 2018, a company called BAP Industries of Guatemala announced that it had signed a 10 year Bamboo Purchase Agreement with EcoPlanet Bamboo. Under the agreement, BAP Industries agreed to buy bamboo from EcoPlanet Bamboo’s plantations in Nicaragua.
Capital Alternatives Limited was part of a network of scam companies that offered “investments” to the general public including a rice farm in Sierra Leone, and carbon credits from projects in Sierra Leone, Brazil, and Australia. Last week, the High Court in London found that these “investments” were illegal collective investment schemes.
Asia Beijing Corporation is cold calling victims of Renwick Haddow’s scam, Bar Works. Asia Beijing Corporation claims to be able to “exchange the toxic asset” for shares in Ant Financial Services Group. Of course, Asia Beijing Corporation is running a ridiculously obvious recovery room scam.
Last year, REDD-Monitor wrote a series of posts about Renwick Haddow’s latest scam, Bar Works. The most recent post was in July 2017, after the Securities and Exchange Commission filed a legal complaint against Haddow. The complaint alleged that Haddow fraudulently raised almost US$38 million from investors.