EcoPush, the Gibraltar-based company offering “investments” in carbon trading, biofuels, agricultural commodities and sustainable timber, has disappeared. REDD-Monitor wrote about the company in June 2013.
G2G Investments Ltd is “an independent brokerage specialising in offering investment opportunities in gold, silver, and other alternative investments to private clients seeking to hold wealth in capital assured tangible assets”. At least that’s what it says on the company’s website.
This is the first in a series of posts looking at the activities of Emerald Knight, yet another London-based scam company. From London the story takes us to Panama, Costa Rica, Papua New Guinea, Switzerland, Cambodia, Gibraltar, the Cayman Islands and quite possibly a few more countries along the way.
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”.
A company called Rothstein Capital & Partners is contacting people who have been scammed into buying carbon credits or other near-worthless investments. The company claims that it can offer an exit strategy. Of course, Rothstein Capital & Partners wants an advance fee. And of course, it’s a scam.
“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.”
In 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”.
Windward Capital Ltd sold carbon credits to the public as an investment. Earlier this month, it was ordered into liquidation in the High Court for duping investors with false and misleading claims. Two related companies, Met-X Corp. Ltd and Imarc Ltd, were also closed down.
A company called Noble Rock Partners is cold calling people who have been scammed into buying carbon credits as an investment. The company claims it can sell their carbon credits, provided an upfront fee is paid. It’s a scam, of course.
A company called Claremont Partnerships is cold calling people who have been scammed into buying carbon credits as an investment. The company claims it can sell their carbon credits, provided an upfront fee is paid. It’s a scam, of course.