Koenig Rowe Campbell Alliance: More red flags than a golf course

A company called Koenig Rowe Campbell Alliance is cold calling people in several countries, claiming to be a wealth advisory firm established in 1978. KRC Alliance takes clients’ money and claims to invest it. The investment will need to be increased, for whatever made up reason, to reach a certain number of shares. Then, in order to receive a payout, clients have to pay a security bond. Then another. Then another.

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Financial Conduct Authority wins appeal case against Capital Alternatives

The Court of Appeal has upheld a February 2014 High Court ruling in which the Financial Conduct Authority won their case against Capital Alternatives and other firms. The FCA accused the firms of “promoting and/or operating collective investment schemes (CISs) in the UK illegally and without our authorisation”.

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On cockroaches and Capital Alternatives

“It was the generally accepted way for brokerage firms under regulatory heat to stay one step ahead — essentially, closing down and reopening under a different name, thereby starting the process of making money and fighting the regulators all over again. It was like stepping on a cockroach and squashing it, only to find ten new ones scurrying in all directions.”

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Response from Tony Adams of Sovereign Green Global Australia: “We do not see any need to provide detailed information to the public regarding this project”

Three weeks ago, REDD-Monitor wrote about an Australian company called Sovereign Green Global Australia and its REDD project in Papua New Guinea. This morning, a response arrived from Tony Adams, the Chairman of Sovereign Green Global Australia.

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The strange story of Sovereign Green Global Australia, Green Giant Venture Fund, Astra Resources and a REDD project in Papua New Guinea

Sovereign Green Global is, according to its website, running a REDD+ conservation project, “located primarily in the Milne bay province of Papua New Guinea”. The project covers “approximately 125,000 hectares of rainforest”. But details of the project are scant and the information that is available rings plenty alarm bells.

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