Bummer: Investors tricked into buying nearly worthless carbon dioxide hoax scam swindle rip-offsets

Turning carbon into gold: UK court liquidates CO2 broker - News - Point Carbon

 LONDON, June 27 (Reuters Point Carbon) - A UK court has wound up a company it says misled private investors by comparing near worthless carbon credits to gold, the latest in a string of firms found to market poor quality offsets to the general public in a practice that financial regulators say has grown exponentially in the past 18 months.

At the High Court in London on Wednesday, the UK government was successful in its request to liquidate Tullett Brown, a firm it said made 1.6 million pounds by misleading customers into buying unregulated credits at almost four times what it paid for them...Paul Bolton, of Hampshire, said he paid 2,000 pounds for 300 credits from an Indian hydro project marketed by Tullett Brown.

He said he was also promised generous returns, but when he wanted to sell the credits was told by another salesman that his initial investment was too small and that he would have to purchase a larger amount to secure a buyer.