A little over a month ago, REDD-Monitor wrote about a company called Prestige Investment Group Limited. The company director, Lee Hales had written to REDD-Monitor explaining that he wanted to speak to people who had been scammed into buying carbon credits as investments.
Tag: Carbon Credits
Response from Salya Group: “Please could you kindly remove this link … with the upmost urgency”
An interesting response from the Salya Group to the German Police’s notice about Mohsin Salya, one of three carbon credit fraud suspects.
The European Investment Bank and USAID are supporting REDD through Althelia Climate Fund: A financial intermediary based in the tax haven of Luxembourg
On 13 June 2013, the European Investment Bank agreed to give up to €25 million to Athelia Climate Fund. This is the first time that the European Investment Bank has funded a European carbon fund. It is also the first time that the EIB has supported REDD, and it is doing so through a financial…
Three carbon credit fraud suspects wanted in Germany for tax evasion and money laundering
German authorities have issued a “wanted poster” for three men suspected of being involved in a carousel VAT fraud relating to carbon credits.
James Cable, director of Beta Commodities, disqualified for 14 years for selling carbon credits as an investment
Beta Commodities Limited was a boiler room operation that cold called retail investors and scammed them into buying carbon credits as investments. The company’s director James Michael Cable has now been disqualified as a director for 14 years.