A little over a month ago, REDD-Monitor wrote about a company called Prestige Investment Group Limited. The company director, Lee Hales had written to REDD-Monitor explaining that he wanted to speak to people who had been scammed into buying carbon credits as investments.
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.
Beta Commodities Limited was a boiler room operation that cold called retail investors and scammed them into buying carbon credits as investments. The company’s director James Michael Cable has now been disqualified as a director for 14 years.
Over the weekend, someone called Lee Hales contacted REDD-Monitor. Hales wants to speak to investors who have been scammed into buying carbon credits as investments. I wouldn’t trust Hales, or his company Prestige Investment Group Limited, as far as I could throw them.
This is a story about how a pensioner was scammed into buying carbon credits as an investment. Miriam contacted REDD-Monitor in August 2014, to ask whether her 4,000 carbon credits were worth anything. She told me that 360 Invest Group had persuaded her to buy the carbon credits and that she’d paid the money to a firm of solicitors, Colemans-CTTS LLP, in Kingston upon Thames.
Celestial Green Ventures is an Irish carbon trading company, registered in November 2010. In 2011, the company claimed to have carbon rights to 20 million hectares of Brazil’s rainforest. The company aimed to become the “leading global supplier of REDD carbon credits in the Voluntary Carbon Market”.
A company claiming to be called “Blackrock Commodities” is cold calling people who have been scammed into buying carbon credits as investments. “Blackrock Commodities” claims to be able to sell the carbon credits for £5 to a Swedish company called Asio Capital. All you have to do is pay an advance fee. It’s a scam, of course.
Capital Alternatives was part of large network of companies that sold investments in hotels, carbon credits, agricultural land, Voice over Internet Protocol, timber, diamonds, gold, platinum, or water bonds.
Among the services that a company called Kession Capital provides is to “Lend our FCA permissions to new and existing firms”. These new and existing firms are “appointed representatives” of Kession Capital.
A company calling itself Vanguard Trading International (or Vanguard UK Trading, or Vanguard Trading UK, or Vanguard Global Financial Intermediaries) is cold calling retail investors who have been scammed into buying carbon credits. Vanguard claims to be able to sell the carbon credits. Of course, there’s an advanced fee to be paid. And, of course, Vanguard is running a recovery room scam.