Over the past two weeks, Richard Smith has written a series of posts on Naked Capitalism about Carbon Neutral Investments and carbon credit scams. REDD-Monitor provided two handy guides to these posts, here and here.
Last week, REDD-Monitor wrote a post about Opus Capital, a company previously known as Carbon Neutral Investments. The company’s director, Paul Seakens, has featured several times on REDD-Monitor.
In February 2016, the High Court in London ordered 19 companies into liquidation. One of the companies was CNI (UK) Ltd, one of three companies that emerged in 2013 from the ashes of Carbon Neutral Investments, a company involved in selling carbon credits to retail investors.
Last week, REDD-Monitor wrote about the closure of 19 companies in the High Court in London. The companies sold more than 5 million carbon credits to retail investors, for more than £36 million. Hundreds of pensioners were duped out of their life savings.
On 3 February 2016, the High Court in London ordered 19 companies into liquidation, following an investigation by the Insolvency Agency. One of the companies is CNI (UK) Ltd, whose director Edward Carlton had previously worked as “Head of UK Operations” at Carbon Neutral Investments.