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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Conservation Central Network, Sustainable AgroEnergy and a “thickening quagmire of dishonesty”

2015-02-05-215603_1127x984_scrotIn December 2014, three men were sentenced in Southwark Crown Court in the UK to a total of 28 years for their involvement in a £23 million biofuel investment fraud. While handing down the sentence, judge Martin Beddoe described the fraud as a “thickening quagmire of dishonesty”.

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More from Andrew Nash, managing director of Sterling and Bond: “Please remove any reference to Sterling and Bond”

In October 2014, REDD-Monitor wrote about a company called Sterling and Bond. The company was cold calling people, offering to sell their carbon credits if they invest in a Voice over Internet Protocol (VoIP) scheme. I described it as a “ridiculously obvious scam”.

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A cautionary tale about carbon credits, involving Eco Business Management, Eco Asian Consulting, SJL Risk and Abacus Advisory. Oh, and Montague Pitman, Carbon Neutral Investments, MH Carbon and Eco-Synergies

Like many other people who were tricked into buying carbon credits as investments, Craig Jamieson found out too late that the carbon credits are near-worthless. He wants to publicise what happened to prevent others from being taken in and in the hope of getting justice.

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