Peter Singh Virdee avoided extradition to Germany to face charges of VAT fraud on sales of carbon credits. But Virdee talked of paying bribes in the Caribbean.
Tag: Boiler rooms
Has EcoPlanet Bamboo really found a buyer for its bamboo in Nicaragua?
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.
Renwick Haddow appears in court in New York
Renwick Haddow, the man behind the Capital Alternatives network of scam companies, a an alleged Bitcoin fraud and the Bar Works investment scam, has been extradited to the USA. He appeared in a Manhattan District Court on 13 April 2018.
London High Court orders Capital Alternatives to repay £16.9 million. New York Southern District Court orders Bar Works and Bitcoin Store to pay US$83.35 million
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.
How EcoPlanet Bamboo duped World Resources Institute and The Nature Conservancy
A recent article by Angeli Mehta on the website Ethical Corporation reports on a “young company” called EcoPlanet Bamboo. Mehta writes that “EcoPlanet Bamboo is creating permanent jobs for communities.”