A man from Essex who lived a lavish lifestyle, has been jailed for eight years after mis-selling carbon credits to 130 victims in 2012 and 2013. He was found guilty of six counts of conspiracy to defraud and money laundering.
The police say victims received cold calls from apparent brokers through companies named as Harman Royce Ltd and Kendrick Zale Ltd, and were persuaded into investing in voluntary emission reductions. They targeted people living in affluent areas and were all aged 50 and over. Carbon Credits were charged at between £5.26 and £6.50 with victims loses totalling £1.5 million.
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