In January 2019, an investment scheme called London Capital & Finance went into administration after an investigation by the Financial Conduct Authority.
Tag: Carbon Credits
Carbon credit fraudster Sami Raja appeals his prison sentence. While he carries on scamming in Dubai
In January 2019, Sami Raja was sentenced to eight years in prison at Southwark Crown Court. He was found guilty of conspiracy to defraud and money laundering. Between January 2012 and August 2013, Raja and others miss-sold carbon credits to 130 retail investors. Two companies were involved in the £2.4 million fraud: Harman Royce Ltd…
Qantas is selling carbon offsets from Papua New Guinea’s April Salumei REDD project to offset its flights. Meanwhile, the PNG government just announced that the project was halted over landowner disputes
“Airlines are taking action on climate change, but we need to do a better job of telling people that.” That’s Alan Joyce, the Chief Executive Officer of Qantas Airways, in a statement he put out last week. “I’m proud of what Qantas, and our customers, are doing,” he adds.
IFC’s forest bonds: Quantitative easing for sub-prime REDD carbon credits
A recent report by the Rainforest Foundation UK describes the potential scaling up of the International Finance Corporation’s Forest Bonds programme as “One of the most worrying evolutions of GCF activities in the Congo Basin”.
A company called Verified Carbon Solutions is running a recovery room scam together with another company called Kentisbury Trust. And/or SML & Associates
Earlier this week, REDD-Monitor received an email from Brian Smith (name changed). Brian explained that about seven years ago he’d been scammed into buying carbon credits as an investment. Recently, Brian received an email from John Miles at a company called Verified Carbon Solutions. Miles said he was acting as a broker for Kentisbury Trust,…