Nature-based Carbon > Forestry > Offsets firm founder sentenced to 14 years in US prison over $248 mln fraud scheme

Offsets firm founder sentenced to 14 years in US prison over $248 mln fraud scheme

Published 04:06 on June 3, 2026 / Last updated at 04:06 on June 3, 2026 / / Americas (US & Canada), Nature-based Carbon (Forestry), Net Zero Transition (Litigation), Voluntary (VCM Developments)

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A co-founder of a California-based carbon offsets developer and fintech startup has been sentenced to 14 years in a US prison after admitting to a years-long fraud scheme that prosecutors said caused $248 million in losses to lenders and investors.
A co-founder of a California-based carbon offsets developer and fintech startup has been sentenced to 14 years in a US prison after admitting to a years-long fraud scheme that prosecutors said caused $248 million in losses to lenders and investors.


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