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,…
Tag: Carbon Credits
A story of carbon credits, diamonds, and fraud. Featuring London Carbon Market, Carlton Chase, SDKA International, Gurpreet Singh Rai, and the return of Luke Ryan
By Chris Lang Gurpreet Singh Rai, or Gurps to his friends, describes himself as someone who was a “prominent figure of the Carbon Market”. He claims to have created history in 2011, when he became “the first person to successfully facilitate a commodity trade using a virtual currency”.
Members of the European Parliament urge California to exclude REDD from its cap and trade scheme: “Adopting the Tropical Forest Standard would water down climate ambition in California, the EU, and globally”
Last week, six Members of the European Parliament wrote to the California Air Resources Board urging the ARB to reject the proposed California Tropical Forest Standard. In November 2018, the ARB held a public meeting about the proposed Tropical Forest Standard. But the Board failed to reach a decision at that meeting.
A company calling itself Source Escrow is running a recovery room scam
A REDD-Monitor reader, let’s call him Harry, got in touch last week with a question: Does anyone have any info on Source Escrow? They claim to be trading at 63 St Mary’s Axe London under a Companies House registered Co at Godington Hall, Bicester. If I phone their direct line I get a “switch board”…
Carbon credit scammer Sami Raja sentenced to eight years in prison
On 18 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. Four other men were sentenced in September 2018. Between January 2012 and August 2013, they miss-sold carbon credits to retail investors through two companies, Harman Royce Ltd…