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A major City of London Police operation in the Square Mile and
across the South East has seen the force dismantle a suspected
criminal operation believed to have been selling worthless carbon
credits to investors living across the UK.
On Tuesday morning (Dec 4) detectives arrested eight men working
out of two City offices after finding evidence linking them to
fraudulent companies Hudson Forbes, CT Carbon and Burlington Energy
Markets. The same morning a further two men and one woman were
arrested in Essex and Hertfordshire. All 11 have since been
released on bail.
In recent months the City of London Police have been
investigating a growing number of suspected carbon credit frauds,
where environment investments are being marketed as a safe way to
make easy money. People believe they are buying products that can
be traded to companies in a legitimate market when the reality is
these credits either do not exist or can only be bought and sold on
a voluntary market, making them worthless.
DI Matthew Bradford, of City of London Police, said:
"Carbon credits are the latest in a growing list of
products marketed by fraudsters as a sure fire way to make
maximum profits with minimal risks. They exploit people’s
misguided belief that environmental investments cannot fail, and
then use teams of cold callers to seal the deals, often bullying
victims into handing over their savings against their better
"Carbon credits are designed for companies and small
businesses to offset their carbon emissions, and definitely not for
the individual investor looking to buy and sell. This
week's operation in the Square Mile and across the South East
is evidence how the City of London Police will act quickly and
decisively against anyone they suspect of using worthless
investments to target people with false promises and impossible
The ten men arrested are aged 62, 52, 54, 40, 39, 30, 27, 23, 22
and 22, and the woman 44. All were arrested on suspicion of money
laundering and conspiracy to defraud.
Anyone who feels they have fallen victim to this suspected
fraud, or any other, should report it to Action Fraud on 0300 123
2040 or at