Almost a year ago, the BBC secretly filmed Luke Ryan, the director of Enviro Associates, making misleading claims about how much money can be made by investing in carbon credits. Ryan reckoned there was “serious money” to be made. Of course, we know he was lying. An online survey by the Financial Conduct Authority found…
Tag: Boiler rooms
Response from Christopher Newell, Wellz Zable: “Please kindly have this removed from your website within the next 48 hours”
In September 2013, I wrote about a company called Wellz Zable. The company is based in London and sells carbon credits as an investment. The website is full of the usual nonsense that these companies put out about carbon credits. Like this, “A number of buyers are purchasing different types of credits under all of…
VCS Registry “has not and cannot provide advice to individuals about what companies to use to sell carbon credits”
If you’ve bought carbon credits as an investment, you would probably be pleased to hear from someone from the VCS Registry offering help with selling your carbon credits. Unfortunately, that’s not someone from the VCS Registry on the phone, it’s another scammer.
Response from James Richards, Baron Traders: “I would therefore ask that this link is removed ASAP”
In August 2013, REDD-Monitor wrote about a company called Baron Traders, a Gibraltar registered company that sold carbon credits as investments. Much of the post was based on a series of articles written in 2011 by Richard Smith on the Naked Capitalism website.
No one investing in carbon credits has made any money: Financial Conduct Authority survey
No one investing in carbon credits has made any money. That’s the conclusion of a survey by the Financial Conduct Authority. “[M]any investors have told us they are not able to sell or trade the carbon credits they have bought,” FCA states on its website.