Yesterday, the World Bank’s private sector arm, the International Financial Corporation launched a US$152 million bond aimed at supporting REDD and carbon trading. The deal demonstrates just about everything that’s wrong with REDD.
Three years ago, I wrote a post about a Dubai-based Eventus Alternatives, a company that specialised in selling carbon credits to retail investors. A week after the post, Eventus Alternatives’ solicitors threatened to sue me for US$250,000. Three years later, the company’s ex-director, Phil Wombwell, wrote a nice email asking me to remove the post.
On 6 July 2016, REDD-Monitor wrote about a company called Lochwood Capital. I wrote about the company after the company director, Alexander Johnson, had sent several emails complaining about a comment on REDD-Monitor that mentioned one of Lochwood Capital’s then-employees, Russell Brooker.
Last week, REDD-Monitor received a message from Boniface Mburaburirwe asking whether I have any buyers for carbon credits. I suspect Mburaburirwe hasn’t read much on REDD-Monitor, particularly not the series of posts about scam artists selling carbon credits to unsuspecting members of the public as investments.
Yesterday, “Fallguy” left a comment on REDD-Monitor. Fallguy is one of many people in the UK who have been scammed into buying carbon credits as an investment. In his comment, he wrote about a recent phone conversation he had with Brian Carter from Novus Capital Markets. Carter was inviting him to get scammed once again.
I’m guessing, but you probably don’t need me to tell you that more than half of the population the United Kingdom has just voted to leave the European Union. More than half of the population that voted, that is – 28% didn’t vote.
In April 2016, REDD-Monitor wrote a post featuring a series of emails that ouline how a pensioner called Miriam was scammed into handing over £23,000 for carbon credits, which the scammers claimed were an investment. Ten days ago, Miriam sent REDD-Monitor some more emails. This post features these new emails.
In October 2014, REDD-Monitor wrote about Sterling and Bond, Voiptel International, and Velvet Assets. The companies were part of the Capital Alternatives network. The post received more than one hundred comments, some of which named the individuals involved in these and other related companies.
Three weeks ago, REDD-Monitor wrote a post about three carbon credit fraud suspects who are wanted in Germany for tax evasion and money laundering. On Sunday, I received an email from “AS” at Salya Group accusing me of having “wrongfully written your blog” and requesting that the post is removed.