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Second forest carbon investment fraudster handed extended UK jail sentence for failing to repay £10 mln

Published 23:46 on August 18, 2021  /  Last updated at 00:26 on August 19, 2021  /  Bavardage, EMEA, International, Kyoto Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

A second member of a gang of Oxbridge-educated forest carbon investment fraudsters has been handed another decade in a British jail for failing to repay £10 million in ill-gotten gains.

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British man disqualified for £7m carbon trading tax evasion

Published 11:58 on June 13, 2018  /  Last updated at 12:51 on June 13, 2018  /  EMEA, EU ETS  /  No Comments

A British man has received a maximum 15-year disqualified order for his role in a £7 million tax fraud involving emissions allowances.

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Four more banned by UK government over VER investment scams

Published 16:48 on February 17, 2017  /  Last updated at 16:48 on February 17, 2017  /  Bavardage, EMEA, Voluntary Market  /  No Comments

Four more UK-based men have been penalised by the British government for selling illiquid voluntary carbon credits at inflated prices as investments.

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Trio behind £3 million VER scam banned by UK court

Published 13:30 on December 20, 2016  /  Last updated at 13:30 on December 20, 2016  /  Bavardage, EMEA, Voluntary Market  /  No Comments

The UK High Court has disqualified three men from being directors for at least 14 years each over their involvement in a voluntary carbon credit scheme that cost investors nearly £3 million.

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World Bank eyes Jan. 2017 for modified third PAF auction

Published 15:51 on September 29, 2016  /  Last updated at 15:51 on September 29, 2016  /  Africa, Americas, Asia Pacific, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, South & Central, South Korea, US, Voluntary Market  /  No Comments

The World Bank is aiming to hold the third auction under its Pilot Auction Facility (PAF) in Jan. 2017, it said on Thursday, highlighting a few changes from the previous sales.

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World Bank to target N2O projects in third PAF auction

Published 01:31 on September 21, 2016  /  Last updated at 14:20 on September 29, 2016  /  Africa, Americas, Asia Pacific, China, China's Offset Market, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, South Korea, US, Voluntary Market  /  No Comments

The World Bank will target N2O projects via its third auction under its Pilot Auction Facility (PAF), the date of which has yet to be announced, according to details published on the institution’s website late on Tuesday.

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Carbon seller disqualified by UK govt over £13M in investment scams

Published 14:29 on September 15, 2016  /  Last updated at 13:10 on July 5, 2017  /  Bavardage, EMEA, International, Other APAC, REDD, Voluntary Market  /  No Comments

A 38-year old man has been disqualified by the British government for fleecing investors out of at least £13.3 million through a number of “alternative investment scams”, including one selling carbon credits.

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Director trio barred in UK over African cookstove swindle

Published 04:52 on July 28, 2016  /  Last updated at 04:52 on July 28, 2016  /  Africa, EMEA, Voluntary Market  /  No Comments

Three men have been disqualified from acting as directors in the UK over their role in what they claimed was a Gold Standard-certified investment scheme involving the distribution of clean cookstoves in Africa.

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Trio behind French carbon “crime of the century” jailed for 23 years

Published 13:46 on July 7, 2016  /  Last updated at 13:46 on July 7, 2016  /  Bavardage, EMEA, EU ETS  /  No Comments

Three men were sentenced by a Paris court on Thursday to a combined 23 years in prison for their role in orchestrating €283 million in tax fraud through the EU carbon market, in a case dubbed France’s “crime of the century”.

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UK company director banned for selling illiquid VERs at inflated prices

Published 14:13 on November 20, 2015  /  Last updated at 14:13 on November 20, 2015  /  Bavardage, EMEA, Voluntary Market  /  No Comments

The director of a London-based carbon credit company that was wound up by the government in 2014 has been disqualified for selling illiquid voluntary units (VERs) at inflated prices.

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