Chris, how may I please contact the 20 making this claim? You & I corresponded years ago & I have an update on frustrations of dealing with SRA & the Legal Ombudsman over Colemans-ctts. (Email to follow)
Well, let's see. A boiler room is a mass-marketing scheme so obviously they are not selling something rare or in limited supply. There is no case, ever, that a "carbon credit" could be deemed an investment, unless, for example, an air traveler bought some offsets at a great price to save for a trip in the near future. A carbon credit is meant to be extinguished upon offsetting a known emission. So how could that be deemed an investment? If something sounds too good to be true...
Thanks for this Kathleen. With hindsight, it's obvious that carbon credits are not investments. But thousands of people lost money to these scammers. The scammers had a sophisticated (but almost completely untrue) sales pitch, combined with a flashy website, and in this case the involvement of a legal firm, all of which helped give the impression of a genuine investment.
The involvement of a UK legal firm being key as ‘enablers’ ; emails to carbonex@colemans-ctts.co.uk, administering contracts letter-headed by Colemans-ctts legal practice, through their staff & processing cheques made out to Colemans-ctts, through their bank account….
The person suppling all these boiler rooms with carbon credits and Ukranian farmland was
Kulvir Virk, he was the real string puller behind Carbon-ex. He's now sunning himself in Dubai and living the life of riley on the Emirates Hills golf development. Driving Ferraris and being waited on by staff. Who says crime doesn't pay!!
Chris, how may I please contact the 20 making this claim? You & I corresponded years ago & I have an update on frustrations of dealing with SRA & the Legal Ombudsman over Colemans-ctts. (Email to follow)
Thanks for this comment.
The names of the 20 people are listed here (but no email addresses):
https://caseboard.io/cases/fc08027f-fd6c-4780-88ae-0aba26a9cbe5
They are represented by Francesca Mitchell of Wilberforce Chambers:
https://www.wilberforce.co.uk/people/francesca-mitchell/
I am one of those that got scammed with Carbon-expert / Colemans ctts scheme. Will gladly share my experience if needed.
Well, let's see. A boiler room is a mass-marketing scheme so obviously they are not selling something rare or in limited supply. There is no case, ever, that a "carbon credit" could be deemed an investment, unless, for example, an air traveler bought some offsets at a great price to save for a trip in the near future. A carbon credit is meant to be extinguished upon offsetting a known emission. So how could that be deemed an investment? If something sounds too good to be true...
Thanks for this Kathleen. With hindsight, it's obvious that carbon credits are not investments. But thousands of people lost money to these scammers. The scammers had a sophisticated (but almost completely untrue) sales pitch, combined with a flashy website, and in this case the involvement of a legal firm, all of which helped give the impression of a genuine investment.
The involvement of a UK legal firm being key as ‘enablers’ ; emails to carbonex@colemans-ctts.co.uk, administering contracts letter-headed by Colemans-ctts legal practice, through their staff & processing cheques made out to Colemans-ctts, through their bank account….
The person suppling all these boiler rooms with carbon credits and Ukranian farmland was
Kulvir Virk, he was the real string puller behind Carbon-ex. He's now sunning himself in Dubai and living the life of riley on the Emirates Hills golf development. Driving Ferraris and being waited on by staff. Who says crime doesn't pay!!