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UK watchdog says investors lose 24 mln stg in carbon credit scam
2013-11-11 11:10:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Nineteen companies selling carbon credits have been shut in the past 15 months for bilking investors out of 24 million pounds ($38.7 million), British regulators said on Wednesday, warning more firms were trying to sell carbon as a viable option for private investors. The UK Insolvency Service said more than 1,500 investors had been ripped off by the firms, which target mainly the elderly with high pressure sales techniques and promises of hefty returns of more than 40 percent. "Salesmen played...
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Category:Electronics and Electrical