By Chris Lang On 27 July 2020, Savraj Gata-Aura was sentenced to four years in prison for his part in the Bar Works investment scam. More than 800 investors handed over more than US$40 million supposedly as investments in the Bar Works co-working space company. Gata-Aura co-founded Bar Works in 2015 with serial scammer Renwick…
Tag: Boiler rooms
Global Forestry Investments: Skeene and Bowers plead not guilty
By Chris Lang Andrew Skeene and Omari Bowers, former directors of Global Forestry Investments, last week pleaded not guilty to fraud charges. In 2019, following an investigation by the Serious Fraud Office, Skeene and Bowers were arrested and charged with three offences of conspiracy to defraud, four offences of forgery, one offence of misconduct in…
Blackmore Bond collapse: Financial Conduct Authority is “responsible for every penny lost”
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.
REDD-Monitor on Pissed Consumer: 12 replies to 12 lies
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.
A company cloning Chloride Eastern Limited is running a recovery room scam. Along with a company cloning Cleantech Europe Escrow
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….