Last week, REDD-Monitor wrote about the closure of 19 companies in the High Court in London. The companies sold more than 5 million carbon credits to retail investors, for more than £36 million. Hundreds of pensioners were duped out of their life savings.
Tag: Carbon Credits
Another 19 carbon credit boiler room scams bite the dust. Including (not before time) Carbon Neutral Investments
By Chris Lang On 3 February 2016, the High Court in London ordered 19 companies into liquidation, following an investigation by the Insolvency Service. One of the companies is CNI (UK) Ltd, whose director Edward Carlton had previously worked as “Head of UK Operations” at Carbon Neutral Investments.
“Notification of Defamatory Statements”: A letter from Ascendo Consulting about Titan Capital Markets, Paradigm Management Consulting, Aaron Wilson and Victor Godwin (AKA Falade)
Capital Alternatives was part of large network of companies that sold investments in hotels, carbon credits, agricultural land, Voice over Internet Protocol, timber, diamonds, gold, platinum, or water bonds.
Vanguard Trading is running a recovery room scam
A company calling itself Vanguard Trading International (or Vanguard UK Trading, or Vanguard Trading UK, or Vanguard Global Financial Intermediaries) is cold calling retail investors who have been scammed into buying carbon credits. Vanguard claims to be able to sell the carbon credits. Of course, there’s an advanced fee to be paid. And, of course,…
The incredible story of Papua New Guinea’s April Salumei REDD project
A company called London Carbon Neutral Ltd and eight linked companies have been shut down in the High Court in London. The companies were shut down after “high pressure and intimidating sales people had targeted the elderly and vulnerable” to sell them carbon credits as investments.