At the beginning of December 2015, Troy Wiseman was in Paris. The CEO and co-founder of EcoPlanet Bamboo was there as part of the Nicaraguan government delegation to COP 21, the UN climate change negotiations. Wiseman’s Paris trip came just a few days before Wiseman wrote to the people unfortunate enough to have invested in his company’s “Bamboo bonds” to let them know that their investment had gone pear-shaped.
The Eco Resources Fund was launched in July 2012 in the Isle of Man. Via a special purpose vehicle called ERF Limited, the Fund invested in bamboo plantations in Nicaragua and South Africa. The bamboo plantations are run by EcoPlanet Bamboo.
Property Frontiers is an Oxford-based investment firm. According to the company’s website, Property Frontiers is “an investment company with a reputation for offering the best-performing international property and alternative investments to both first time and experienced investors”.
EcoPlanet Bamboo runs bamboo plantations in Nicaragua, South Africa and Ghana. A UK company called EcoPlanet Bamboo (UK) Ltd sold “bamboo bonds” with a promise of “a 500% return on investment over a 15 year period” on an investment of US$50,000. But in December 2015, EcoPlanet Bamboo wrote to bondholders to tell them that their investment was not doing particularly well.
A company called EcoPlanet Bamboo (UK) Ltd launched a “bamboo bond” in 2011. Investors were encouraged to hand over their money, which would be used to establish bamboo plantation in Nicaragua.
Camille Rebelo, one of the co-founders of EcoPlanet Bamboo, claimed that an investment of US$50,000 would see a return of 500% over 15 years. “It’s a guaranteed return to the investor”, she said.
EcoPlanet Bamboo is an innovative forestry company focused on integrated bamboo plantations and associated processing. We focus on the provision of a secure and certified source of fiber for timber manufacturing industries and markets globally. We currently operate in Central America, Southern and West Africa.
On 15 November 2016, Dutch journalist Okke Ornstein was arrested when he arrived at Tocumen International Airport in Panama. Monte Friesner, a Canadian who lives in Panama, filed a complaint about what Ornstein had written on his website about Friesner’s business practices. In Panama, defamation is a criminal offence.
I’ve been writing about boiler rooms and investment scams for the last four years. I started in May 2012 with a post about a warning from the Financial Services Authority about the dangers of buying carbon credits as investments.