Enviro Associates continues to contact people who have been scammed into buying carbon credits. In its latest email, it doesn’t say that it can sell the carbon credits, instead offering “the latest information regarding the market”.
In the small print, Enviro Associates’ emails include information about diamonds. It seems the company is branching out to selling diamonds as investments. Diamonds are, like carbon credits, an unregulated product. The diamonds will be held in a nominee account with Gemmax Solutions Limited. It all looks remarkably similar Enviro Associates’ deals on carbon credits.
The small print also includes information about carbon credits. But Enviro Associates seems to be struggling to keep its story straight. In the small print below its emails, it explains that,
Enviro Associates Limited Customers have their carbon credits held in a nominee account with Gemmax Solutions Limited.
Meanwhile, on its website, Enviro Associates states that,
Enviro Associates is a partner of Carbon Clearing.
It’s all encompassing systems, powered and administered by Carbon Neutral Investments Limited, an FSA regulated firm, are at the forefront of the VCS VER Market.
Of course, the website could just be out of date. Nine months out of date, that is. In April 2013, Carbon Neutral Investments split into three companies, one of which is Gemmax Solutions. Also in April 2013, the FSA became the Financial Conduct Authority. And in March 2013, the FSA put out a warning about Carbon Neutral Investments.
The latest email from Enviro Associates is just an updated version of the email that Paul Murphy, writing on the Financial Times blog FTAlphaville, described as “scumbag correspondence”. Since Murphy wrote about Enviro Associates, in October 2013, the company has removed the reference to the £6-7000 a year Thomson Reuters subscription from its emails. Otherwise it’s pretty much the same old scumbag correspondence.
From: “Enviro Associates Compliance”
Date: 14 January 2014 15:56:37 CET
Subject: Do you need Carbon Credit Help? Call us today 01962 353 170
Happy New Year!
We hope this email finds you well. It has been brought to our attention that you have been approached by a number of sales companies in the past regarding the sale of your carbon credits. For example, some of the particular companies in question are: Financial Advisors Online, Wellz Zable, Capital Asset Partnership, Advanced Global Trading, Worldwide Commodities, MH Carbon Limited as well as many others.
If you have made a purchase of carbon credits through a sales company and would like to receive some of the latest information regarding the market, then please email or call us on 01962 353 170.
We look forward to offering you support in 2014,
If you would like to unsubscribe to this very helpful email, please reply with “unsubscribe”.
EVR Associates and EVR Emissions are trading names of Enviro Associates Limited.
Melee Diamonds are an OTC Commodity. Trading over the counter requires experience, knowledge and skill. Gemmax Solutions provide a live Bid Offer on their website www.gemmax.co.uk. If you were to sell prematurely (before 12 months) there is an early liquidation administration fee (working on a sliding scale). The Melee Diamonds can be sold at any time, subject to the bid price and possible early liquidation administration fee’s.
Enviro Associates Limited Customers have their melee diamonds held in a nominee account with Gemmax Solutions Limited. Gemmax Solutions Limited is regulated by the Financial Conduct Authority (reg. no 540545).
While Gemmax Solutions Limited is regulated, and the melee diamonds are electronically held in nominee with a regulated firm, the melee diamonds themselves are not a regulated product at present, as they do not fall under the category of an investment product as stipulated by FSMA (The Financial Services and Marketing Act). This means that you are not eligible to any recourse under the Financial Services Compensation Scheme (FSCS).
Melee diamonds and their associated markets currently lack transparency due to their immaturity.
Front Office: Southgate Chambers | 37-39 Southgate Street | Winchester, SO23 9EH | Registered Office and Enquiries: International House | 1-6 Yarmouth Place | London | W1J 7BU | Companies House Registration Number: 07526052
Trading on over-the-counter markets requires experience, knowledge and skill. You may lose money on your purchase by not getting a competitive rate when trading a small volume of carbon credits or not being able to sell your credits at all. Enviro Associates Limited Customers have their carbon credits held in a nominee account with Gemmax Solutions Limited. Gemmax Solutions Limited is regulated by the Financial Conduct Authority. While Gemmax Solutions Limited is regulated, and the carbon credits are electronically held in nominee with a regulated firm, the Voluntary Carbon Credit Market and Voluntary Carbon Credits themselves are not a regulated product at present, as they do not fall under the category of an investment product as stipulated by FSMA (The Financial Services and Marketing Act). This means that you are not eligible to any recourse under the Financial Services Compensation Scheme (FSCS).
Secondary Compliance Carbon Credits and their relative OTC markets are also not regulated at present.
Please note and read these warnings and requirements:
Confidentiality: This e-mail transmission is strictly confidential and intended solely for the addressee. It may contain privileged and confidential information and if you are not the intended recipient, you must not copy or distribute it. If you have received this e-mail in error, please notify the sender and delete the e-mail transmission immediately.
Viruses: Although we have taken steps to ensure that this e-mail and attachments are free from any virus, we advise that in keeping with good computing practice the recipient should ensure they are actually virus free.
Security Warning: Please note that this e-mail has been created in the knowledge that internet e-mail is not a 100% secure communications medium. We advise that you understand this lack of security and take any necessary measures when e-mailing us.
P Think of the environment…please don’t print this e-mail unless you really need to
Enviro Associates Limited ensures the highest levels of integrity and due diligence is performed on all aspects of its un-regulated business