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Carbon credit fraud firms closed

Posted on 07 November 2013

Insolvency service winds up companies that sold older people worthless certificates for millions of pounds in total. More than a dozen companies that “preyed on older people” through carbon credit scams – selling them as if they were shares or bonds, when they were worthless in that form – have been closed by the industry’s regulator.
Nineteen firms that attracted investments of nearly £24m from more than 1,500 people by offering “worthless” carbon credits – or certified emission reductions (CERs) – were wound up by the Insolvency Service in the last 15 months………………………………………..Full Article: Source


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