By Chris Lang In July 2016, Boniface Mburaburirwe wrote to REDD-Monitor, asking whether I (or anyone I knew) was interested in buying 345 million “certified carbon credits already invested on Bloomberg”. Mburaburirwe’s asking price was US$6.80 each.
By Chris Lang Three weeks ago, Blackmore Bond’s mini-bond investment scheme collapsed into administration. The Financial Conduct Authority was warned three years ago about one of the boiler room operations that was cold calling pensioners to persuade them to invest in Blackmore Bond. But the FCA took no action.
By Chris Lang Since May 2012, REDD-Monitor has reported on investment scams mainly involving the sale of worthless carbon credits to retail investors. In October 2014, a review of REDD-Monitor appeared on the website Pissed Consumer. The review almost certainly came from one of the scammers.
By Chris Lang A REDD-Monitor reader, let’s call him Andrew, recently wrote asking for advice: I was contacted by a company called Chloride Eastern Ltd yesterday saying they could sell my VERs by re-formatting them to European Emissions at a cost of £1 per unit and this would then sell for about £21.93 per unit….
By Chris Lang Andrew Skeene and Omari Bowers ran a company called GFI Consultants Ltd. They used the name Global Forestry Investments and claimed to offer an “ethical and financially rewarding investment” in teak plantations in Brazil.