In January 2017, the Kelantan state government in Malaysia signed a REDD deal with a company called Climate Protectors. The REDD project covers an area of 396,000 hectares, one-quarter of the state’s land area. Under the deal, Climate Protectors would run the project for 30 years, and receive 45% of the money from the sale…
Tag: Boiler rooms
United States of America versus Renwick Haddow
On 30 June 2017, the Securities and Exchange Commission filed a legal complaint against Renwick Haddow. The SEC alleges that Haddow fraudulently raised almost US$38 million from investors. The SEC has obtained an emergency asset freeze against Haddow and his companies named in the complaint.
Investors file two lawsuits against Bar Works
Since January 2017, REDD-Monitor has written a series of posts about Renwick Haddow’s latest investment scheme, Bar Works, a New York-based co-working startup company. Last week, Law360 reported that Bar Works “is now the subject of at least two lawsuits from investors who call it a multimillion-dollar Ponzi scheme”.
The EcoPlanet Bamboo investment saga continues: Who is John Bourbon? And why does he want a new liquidator?
The EcoPlanet Bamboo investment saga continues its slow unravelling. In 2012, EcoPlanet Bamboo (UK) Ltd sold “bamboo bonds” to retail investors (promising returns of up to 895%!).
Thorn Medical has been bought out by Teknisity Inc.
Thorn Medical is a health care company. It was founded in July 2014 by Jack Kaye, a telecoms entrepreneur. The company was planning a £350 million flotation in 2016. In February 2016, Thorn Medical’s directors included Lord Beaverbrook, Sir Eric Peacock, and Sir John Lucas-Tooth.