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Police Arrest 11 in Suspected Carbon Credit Fraud Ring

Thursday 13 December 2012

‘Detectives for the City of London Police have arrested 10 men and one woman suspected of running a criminal operation selling worthless carbon credits to UK investors.

Last week (4 December), the police arrested eight men working out of two offices in the City after finding evidence linking them to fraudulent companies Hudson Forbes, CT Carbon and Burlington Energy Markets. On the same morning two more men and one woman were arrested in Essex and Hertfordshire. All have since been released on bail.

According to a police statement, the arrests are the latest development in a City of London Police investigation into a growing number of suspected carbon credit frauds, where environment investments are marketed as “a safe way to make easy money”.’

Read more: Police Arrest 11 in Suspected Carbon Credit Fraud Ring