Green ratbags dudding elderly and bewildered out of hard earned cash

Is there no limit to the predations of green ratbags. It seems they have been preying on the elderly and dudding them out of cash selling worthless carbon credits.

I was expecting to see Kennedy Graham’s name in the list of deluded pensioners caught up in another green scam.

More than a dozen companies that “preyed on older people” through carbon credit scams have been closed by the industry’s regulator, a minister has announced.

Nineteen firms that attracted investments of nearly £24m from more than 1,500 people by offering “worthless” carbon credits – or Certified Emission Reductions (CERs) – were wound up by the Insolvency Service in the last 15 months.

Consumer minister Jo Swinson said the offending companies made money from carbon credit scams, which see small investors promised huge returns for trading permits that offer corporations the right to emit one tonne of carbon dioxide. 

But the amount purchased by people, while costing a significant amount to individuals, was relatively too small to attract interest from big companies, who usually trade CERs in bulk.

Ms Swinson said: “This is a particularly contemptible scam as it not only preyed on older people trying to maximise their savings, but also targeted their sincere desire to make ethical investments. Instead, investors have been left out of pocket with shares that are either worthless or do not exist.

Preying on the elderly? …hang on a minute…Winston does that.


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