Fraud

Joe Sanberg, co-founder of carbon trading company Aspiration, pleads guilty to US$248 million fraud

But will the Commodity Futures Trading Commission complete its investigation into the carbon credits that Aspiration bought?

Oct 22 •

15.2 million fake carbon credits were sold from the Kariba REDD project according to Verra

Almost two years after suspending the project, Verra has completed its carbon accounting review. The quality control review is still ongoing.

Oct 2 •

A company called Green Home is running a carbon credit Ponzi scheme in Peru

Yet more carbon cowboys.

Sep 24 •

Terra Global Capital and Anew Climate: How a US$640 million carbon deal fell apart

This is a story about a US$640 million carbon deal gone wrong.

Sep 8 •

Joe Sanberg, co-founder of Aspiration Partners, to plead guilty to US$248 million scheme to defraud investors

Sanberg “admitted to being nothing more than a self-serving fraudster”.

Aug 24 •

Merlin Thompson jailed for two years for selling fake carbon credits under Oregon’s carbon credit programme

Three electric vehicle chargers supposedly generated the carbon credits that Thompson sold for US$1.8 million.

Aug 8 •

Washington Department of Ecology fines Climate Care Innovations US$425,000

Arizona Corporation Commission issues cease-and-desist order against linked companies Climate Care Innovations, FOD Enterprises, Kompo Green and…

Jul 29 •

Brazil’s Federal Prosecution Office files lawsuit against Ciaran Kelly’s firm Go Balance to cancel Trocano Araretama REDD project

And demands US$1.7 million payment to Indigenous Peoples and local communities.

May 9 •

Companies calling themselves Vado Administration and Startplant Services are running a recovery room scam

Cut and pasted websites are never a good sign.

May 2 •

C-Quest files for bankruptcy. Bridge Carbon continues to market its cookstove carbon offsets

“Who deserves to cook with wood inside their house?”

Mar 7 •

Aspiration’s Joe Sanberg arrested

Ibrahim AlHusseini has signed a plea agreement.

Mar 6 •

Biodiversity credits: A “new form of green colonization plundering agricultural land for the benefit of financialization”

Via Campesina, Confédération Paysanne, and more than 270 civil society organisations and academics oppose biodiversity credits and offsets.

Oct 4, 2024 •

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