Americas > US & Canada > Carbon offsets company co-founder to plead guilty in $248 mln fraud case

Carbon offsets company co-founder to plead guilty in $248 mln fraud case

Published 11:13 on August 22, 2025 / Last updated at 11:14 on August 22, 2025 / / Americas (US & Canada), Voluntary (VCM Developments)

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A co-founder and the largest shareholder of a California-based carbon offsets company has agreed to plead guilty to defrauding investors and lenders of more than $248 million, US prosecutors said on Thursday.
A co-founder and the largest shareholder of a California-based carbon offsets company has agreed to plead guilty to defrauding investors and lenders of more than $248 million, US prosecutors said on Thursday.


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