By Chris Lang 360 Invest Group was a scam company that sold carbon credits to retail investors. REDD-Monitor first wrote about the company in August 2013. 360 Invest Group targeted pensioners with high pressure sales. In 2016, I wrote two more posts featuring 360 Invest Group based on a series of emails between 360 Invest…
Tag: Carbon Credits
Robert Sedgwick: The solicitor who helped London Capital & Finance sell mini-bonds also helped scammers sell “carbon benefit units” from the April Salumei REDD project in Papua New Guinea
By Chris Lang In January 2019, an investment scheme called London Capital & Finance went into administration after an investigation by the Financial Conduct Authority.
Carbon credit fraudster Sami Raja appeals his prison sentence. While he carries on scamming in Dubai
By Chris Lang 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:…
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,…