Africa > Former C-Quest Capital CEO accused of wrongdoing, reported to US authorities over alleged carbon credit over-issuance

Former C-Quest Capital CEO accused of wrongdoing, reported to US authorities over alleged carbon credit over-issuance

Published 19:27 on June 26, 2024  /  Last updated at 02:23 on June 27, 2024  / Mike Szabo /  Africa, Americas, Asia Pacific, Bavardage, EMEA, International, Other APAC, South & Central, US, Voluntary

Project developer C-Quest Capital (CQC) on Wednesday revealed that it has uncovered significant wrongdoing by its founder and former CEO Ken Newcombe that allegedly resulted in the over-issuance of millions of voluntary carbon credits, leading the firm to report the matter to US authorities and fire a number of senior executives and staff.
Project developer C-Quest Capital (CQC) on Wednesday revealed that it has uncovered significant wrongdoing by its founder and former CEO Ken Newcombe that allegedly resulted in the over-issuance of millions of voluntary carbon credits, leading the firm to report the matter to US authorities and fire a number of senior executives and staff.


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