“I have been recently approached by a company called GEN Equities of Dublin who say they can help me exit the market if I invest £5000.” This is one of several recent comments that REDD-Monitor has received about GEN Equities. The company has all the hallmarks of a recovery room scam.
The Trend is Blue is a company that used to sell near-worthless carbon credits as investments. That’s the boiler room part of the carbon credits scam. Now the company rings people up to tell them that they have a buyer for their near-worthless carbon credits. For an advance fee, no doubt. That’s the recovery room part of the scam.
Carbon Offset Consultants cold calls people and offers them an exit strategy for the carbon credits that they were scammed into buying. Of course, there’s an advance fee to be paid.
A company called FE Wealth Management is currently cold calling people offering to sell their carbon credits – for an advance fee, of course. And if it is not a recovery room scam, then I’m the Queen of Sheba.
Financial Advisors Online is a company offering an exit strategy for people who were scammed into buying carbon credits as investments. Needless to say, for an upfront payment. And, needless to say, Financial Advisors Online is running a recovery room scam.
Murdoch & Chase Asset Management is an “alternative investment brokerage based in the heart of the City of London”. It offers a series of “Services”: Fine Wine, Properties in Brazil, Rare Earth Commodities, Real Estate, Stagnant Asset Release, and Due Dilligence.
On 11 May 2017, four men were sentenced in Blackfriars Crown Court in London to jail for selling precious metals as investments. The metals were almost worthless. The conmen duped retail investors out of £7.75 million.
A couple of weeks ago, a REDD-Monitor reader sent me an email. I’ll call him Jack. “Have you seen the website alternative-investing.uk?” Jack asked. “I think it could be a scam site given the track record of these types of things.”
A 2012 brochure from a company called Ecobamboo Lot makes investing in bamboo look very promising: “A rare opportunity to purchase a Deeded Bamboo Lot in Central America.” The company promised a return of 26% a year: “Bamboo lot owners will receive harvest income starting at year four. The ROI is forecasted at 26% per annual year.” And Ecobamboo Lot plays the green card: “With its exceptional green credentials and high productivity, bamboo is set to become the sustainable timber source of the future.”
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.