TM Harris Associates is another UK-based company that cold calls people hoping to persuade them into handing over their money as an “investment” in voluntary carbon credits. The company seems to have many of the hallmarks of a boiler room scam.
Tag: Carbon Credits
London Carbon Credit Company: Another carbon credit boiler room bites the dust
By Chris Lang London Carbon Credit Company was exposed as a scam by Daily Mirror journalist Andrew Penman in August 2012. Last month, Penman reported that the company has been wound up in the public interest in the High Court in London.
Some questions for Charles Stephenson, CEO of Advanced Global Trading
Earlier this month, REDD-Monitor wrote about a Dubai-based company called Advanced Global Trading. AGT is yet another company that sells voluntary carbon credits as an investment. REDD-Monitor asked whether the company was a boiler room, a Ponzi scheme, or both.
Matthew Ames, director of carbon credits company Forestry for Life, charged with £1.2 million fraud
Forestry for Life was a forest carbon trading company set up in 2009 with the aim of raising US$5 billion by 2013. The plan failed dramatically, and this year the company’s founder and director, Matthew Ames, appeared at the Old Bailey, charged with fraud.
MH Carbon in liquidation: What to do if you bought carbon credits from MH Carbon
MH Carbon was established in September 2010 and went into voluntary liquidation in May 2013. During this period, the company sold carbon credits to more than 500 people, at a total cost of £18.7 million.