OffshoreAlert slams Operation Rico: “When it comes to combating global investment fraud, the UK is part of the problem, not the solution”

On 25 February 2014, police arrested 110 people suspected of being involved in boiler rooms. The City of London Police put out a press release announcing that, “A groundbreaking partnership between UK and Spanish law enforcement agencies has led to a total of 110 arrests”.

Continue reading

Ecobamboo Lot promised a return of 26% a year from its bamboo plantations in Nicaragua. Now it’s closing down

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.”

Continue reading

Response from Phil Wombwell, ex-director of Eventus Alternatives: “Since 3 years have passed I would like you to consider removing the article in its entirety”

2016-08-25-183607_1680x1026_scrotThree years ago, I wrote a post about a Dubai-based Eventus Alternatives, a company that specialised in selling carbon credits to retail investors. A week after the post, Eventus Alternatives’ solicitors threatened to sue me for US$250,000. Three years later, the company’s ex-director, Phil Wombwell, wrote a nice email asking me to remove the post.

Continue reading

MED Investment Operations – Part 3: MidiaGeo and InBECAS, the Brazilian Connection

MED Investment Operations LtdA few weeks ago, REDD-Monitor received an email offering 345 million carbon credits for sale. A company based in Malta called MED Investment Operations is offering carbon credits from a REDD project in Brazil and them for sale at US$6.80 each. This post, the third in a series of posts about this incredible offer, looks at the company supposedly running the REDD project: MidiaGeo.

Continue reading

MED Investment Operations – Part 2: “This model is recognized by international institutions such as Standard Conversion environmental assets of Forests in Transaction instruments”

MED Investment Operations LtdTwo weeks ago, REDD-Monitor received an email offering 345 million carbon credits for sale. The carbon credits were from a REDD project in Brazil and a company based in Malta called MED Investment Operations is offering them for sale at US$6.80 each. Last week, I wrote about the companies in Malta behind this incredible offer: MED Investment Operations and The Equivest Alliance.

Continue reading

MED Investment Operations – Part 1: Anyone want to buy 345 million REDD carbon credits? Only US$6.80 each

MED Investment Operations LtdLast week, REDD-Monitor received a message from Boniface Mburaburirwe asking whether I have any buyers for carbon credits. I suspect Mburaburirwe hasn’t read much on REDD-Monitor, particularly not the series of posts about scam artists selling carbon credits to unsuspecting members of the public as investments.

Continue reading