The firm was ordered into liquidation after an investigation found it mis-sold wildly overpriced carbon credits to investors, using high-pressure sales tactics and misleading statements. Read more.
Police target ‘boiler room’ frauds
Access to pension fund cash and historically low interest rates on savings mean people are looking for investment opportunities that leave them vulnerable to criminal “boiler room” scams, a top fraud detective said.
Good news from Solar 350 this week as NASDAQ listed Chinese renewables investors gave the “green light” for two of our 100MW solar development projects in the S. Atacama desert, Chile. (You can learn more about this project in detail in our EIS Investors section here). Never satisfied, Solar 350’s MD Nick Dimmock set off on a mini trade mission to explore further opportunities for building renewable energy in Colombia and Panama. Read more
The FCA maintains a list of companies to avoid. To check if a company is on that list simply visit their website.
If the company does not appear on their list it is no guarantee that company is bona fide or that their intentions are genuine. Investor Protectors provides assistance in the form of “Broker Search” which will give you an informed and researched opinion on any company.
For more information on Broker Search please click here.
As part of a national call to action, entitled The Devil’s in Their Details, Action Fraud has teamed up with industry bodies including Financial Fraud Action UK (FFA UK), and regulators including the Financial Services Authority (FSA) to raise awareness amongst those at greatest risk of investment fraud.
Every year, £1.2 billion is lost to investment scams in the UK, with share sales, wine investments, land banking and carbon credits commonly used by fraudsters to target potential:
- Investors. Anyone can become a victim of investment fraud, but you can reduce your risk if you follow this advice:
- Never be rushed into an offer and always be on your guard against anyone trying to push you into a deal.
- If you get a call out of the blue, be wary; if in doubt don’t be polite, just hang up.
- Take the time to seek independent legal or financial advice before making a decision.
- Always check the credentials of the company you’re dealing with. Check for known fraudulent organisations at the FCA.
- Additional advice from Action Fraud can be found here.
The campaign message is clear – if you don’t take simple steps to check the details of who you’re investing with, you’re taking too big a risk.
Gold futures settled higher for the second-consecutive day on Friday, paring the precious metal’s loss for the week as the dollar steadied following weaker than expected U.S. economic data.
Gold for April delivery gained 0.5% to settle at US$1,227.10 an ounce on Comex. Prices based on the most-active contracts were down about 0.6% on the week.
But where there was some real interest was silver, with the metal for March delivery jumping 3% to end at US$17.294 an ounce, for a weekly gain of around 3.6%.
Platinum for April delivery added US$7 to US$1,207.50 an ounce and March palladium picked up US$20.80 to US$794.45 an ounce.
High-grade copper for March delivery ended little changed at US$2.605 a pound.