In January 2016, Thorn Medical, a healthcare company, announced that it was planning to list “within the next two months” on the London Stock Exchange with a valuation of £350 million. In February 2016, Lord Beaverbrook joined Thorn Medical as Chairman. In October 2016, Thorn Medical wrote to its shareholders to tell them that the…
Tag: Boiler rooms
Sign the petition to make cold calling illegal in the UK
I’ve been writing about boiler rooms and investment scams for the last four years. I started in May 2012 with a post about a warning from the Financial Services Authority about the dangers of buying carbon credits as investments.
OffshoreAlert slams Operation Rico: “When it comes to combating global investment fraud, the UK is part of the problem, not the solution”
On 25 February 2014, police arrested 110 people suspected of being involved in boiler rooms. The City of London Police put out a press release announcing that, “A groundbreaking partnership between UK and Spanish law enforcement agencies has led to a total of 110 arrests”.
Ecobamboo Lot promised a return of 26% a year from its bamboo plantations in Nicaragua. Now it’s closing down
A 2012 brochure from a company called Ecobamboo Lot makes investing in bamboo look very promising: “A rare opportunity to purchase a Deeded Bamboo Lot in Central America.” The company promised a return of 26% a year: “Bamboo lot owners will receive harvest income starting at year four. The ROI is forecasted at 26% per…
The bamboo boom that went bust for investors. Featuring EcoPlanet Bamboo, Citadel/Highpoint Trustees and Emerald Knight
Featuring EcoPlanet Bamboo, Citadel/Highpoint Trustees and Emerald Knight.