Friday, March 26, 2010

Organized carbon crime succeeds on pitch of 'doing good for the environment'-Reuters

The climate industry rests on the criminally false assumption that catastrophic man caused climate change (global warming) exists, and is largely caused by evil US citizens who therefore must pay billions in reparations. Money must be immediate and continue indefinitely to enrich corrupt UN grifters, brutal equatorial dictators, billionaire hedge fund thugs and various "stakeholders" at the Chicago Climate Exchange. We must surrender our lives, our families and our sovereignty without complaint to unelected imperialist global thugs. The best of this organized crime is computerized carbon trading already exceeding predictions for rampant fraud and theft.

Reuters: "* Firm accused of carbon fraud still operating despite warning

Singapore, 3/26 (Reuters): "A firm accused of defrauding Australian investors of A$3.5 million ($3.2 million) in a carbon investment scam and blacklisted by the nation's securities regulator

The case (of Western Field Holdings) risks denting the reputation of the unregulated voluntary carbon offset market,

although market players

  • said

its small size meant it wouldn't have a big impact.

Since mid-2009 more than 100 people have told the Australian Competition and Consumer Commission (ACCC) they have lost money after being duped by an aggressive telemarketing scheme run by WesternField Holdings Inc.

The state-backed ACCC has labelled the firm's carbon investment offerings a scam that

WesternField's website (www.western-field.com) lists a Tokyo business address,
  • a string of emission reduction projects in Asia since 2001,
  • an impressive line-up of managers and consultants,
  • and a prestigious environment award in 2004.

However, the organisation that gives out the annual award didn't start doing so until 2006.

  • A check of WesternField's weblink shows the domain name was created in May 2009 and internet searches show no record of the company prior to 2009. The management office of the Tokyo tower listed as the firm's address has no record of them.

WesternField describes itself as a leading developer of high quality greenhouse gas reduction projects.

"It is increasingly clear this is a well-constructed scam using a fake website and

or environmental standards and where the ultimate location is very difficult to determine," ACCC deputy chairman Peter Kell told Reuters by telephone.

  • "If you're an investor who's heart is in the right place,
  • who wants to make an environmentally friendly investment,
  • then these sorts of offerings can look very tempting," he added.

The ACCC said potential investors are cold-called by people with North American, British or New Zealand accents and

Investors could view their carbon "investment certificates" through an independent website registered to

Calls to the number listed on the website were unanswered.

  • Kell said some investors have complained that they have been unable to obtain their certificates and that requests to sell their investments or get their money back were ignored.

Investors were asked to send money to a Taiwan bank account....

During a series of calls to WesternField's Japanese telephone number this week, a man named Jay Cutler told Reuters that founder and CEO Stephen Westernfield was either in the United States, in meetings or had left for the day....

  • "We've never cold-called a potential investor yet. We've engaged on a number of occasions independent marketing firms who have,
  • canvassed I guess is the right word,
  • potential investors," said Cutler.

He said investors are told that they are not issued with certificates.

Carbon Trust says on its website that it is a registry for credits issued by the Voluntary Carbon Standard (VCS) Association,

  • an industry-respected offset verifier.

But Jerry Seager, program manager for the association, told Reuters that

(continuing, Reuters): ""We are aware of this website and are taking legal advice," he said in an emailed response to questions.

  • He added that he had not heard of WesternField and that they were not listed as project proponents for any VCS projects.

WesternField Holdings says it has completed a variety of clean-energy and forestry projects in Asia since 2001 that have been approved under VCS

Gold Standard said it had not heard of WesternField either. It said the firm would face action from the foundation for any misuse of its brand. Cutler declined comment on the allegation.

  • Grattan MacGiffin of MF Global, one of the largest brokers for voluntary offsets,
  • said
  • the case would not hurt the market, worth about $700 million in 2008...."...
"Firm accused of carbon scam may face legal claims," 3/26/10, by David Fogerty, Climate Change Correspondent, via Tom Nelson (Andrew) Ference’s awareness of the began when he joined the Calgary Flames in 2003 and had ongoing conversations with well-known environmental activist Dr. David Suzuki."...(Suzuki is not a climate scientist. He has a PhD in zoology, undergraduate degree in biology) ed..


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