A company called London Carbon Neutral Ltd and eight linked companies have been shut down in the High Court in London. The companies were shut down after “high pressure and intimidating sales people had targeted the elderly and vulnerable” to sell them carbon credits as investments.
Earlier this month, the director of a carbon credit company was disqualified as a director by the High Court for 15 years. Young Erumuse was the director of the London Carbon Credit Company Limited, a company that sold carbon credits to retail investors.
A company called Goldberg Management is cold calling people who have been scammed into buying carbon credits as investments. Goldberg Management claims to be able to sell these worthless carbon credits. The company asks for an advance fee (a “10% Surety Bond”). Needless to say, it’s a transparently obvious scam.
On 10 August 2015, “Jeremy Lane” left a comment on REDD-Monitor about a company called Magne Sante. A representative of Magne Sante had cold called him, offering to recover the money he had invested in carbon credits. First though, Jeremy would have to hand over a £10,000 advance payment to Magne Sante.
Two weeks ago, REDD-Monitor wrote about several companies, many of which have the word “Oakmount” in their names. On 3 August 2015, I received a letter from Meaby & Co, who informed me that they act for Glenn Jamie King, Oakmount and Partners Limited, and Oakmount Global Management Limited.
A company called Oakmount Management Partners Ltd is offering people who have been scammed into buying carbon credits as investments an exit strategy. Of course there’s an advance fee involved. And of course it’s a scam.
A company called ALTR Alternative Fund Managers is cold calling people telling them it can sell the worthless carbon credits they were scammed into buying as an investment. Of course, they’ll need to pay an advance fee. And of course ALTR Alternative Fund Managers is a scam.
In a post last week, I described the carbon credits sold by boiler room scammers to retail investors as “near-worthless”. Following the post, “XYZ” left a comment. “Near-worthless implies not 100% worthless,” he wrote. “Are you saying there is some worth in my carbon credits and if so who will buy them?”
If you have been the victim of a scam, your name will be on a list to be cold called – and scammed – again. These “sucker lists” include names, addresses, phone number and background information about the person scammed. They are traded between boiler room operations, because scammers know that people who have been scammed are more than likely to fall for another scam.
A company called Grayson Wealth Management is cold calling people who have been scammed into buying carbon credits. Grayson Wealth Management’s telemarketers offer them a way of getting rid of their carbon credits. It’s a scam, of course.
“Credit cards that help the planet.” That’s the sales pitch from a company called Sustain:Green. With the company’s new biodegradable credit card you can “Fight climate change”, “Fund rainforest preservation”, and “Reduce your carbon footprint”.