Black Listed News

Police arrest 11 in suspected carbon credit fraud ring

December 12, 2012
Share It | Print This

Source: FT Advisor

Detectives for the City of London Police have arrested 10 men and one woman suspected of running a criminal operation selling worthless carbon credits to UK investors.

Last week (4 December), the police arrested eight men working out of two offices in the City after finding evidence linking them to fraudulent companies Hudson Forbes, CT Carbon and Burlington Energy Markets. On the same morning two more men and one woman were arrested in Essex and Hertfordshire. All have since been released on bail.

According to a police statement, the arrests are the latest development in a City of London Police investigation into a growing number of suspected carbon credit frauds, where environment investments are marketed as “a safe way to make easy money”.

Investors buy the products in the belief that they can be traded to companies in a legitimate market, when the credits actually either do not exist or can only be traded on a voluntary market, making them worthless.

Read More...

Share This Article...


Subscribe To Updates
Blacklisted Newsletter
Blacklisted Radio
Blacklisted Nation
On Twitter
On Facebook
The DoomCast
Podcasts on Demand
Podcasts on Spreaker
Podcasts on Youtube
Podcasts on iTunes
Podcasts on Stitcher
Podcasts on Tunein
Podcasts on Roku

Support Us
Donate Today!

Affiliates
Golden Eagle Coins
6 Dollar T-Shirts
DHGATE.COM
GoldSilver.com
The Ready Store
Onnit Labs
Audible Audio Books
Amazon.com
Blue Host



BlackListed News CC 2006-2014