Date: November 2021

A court in the UK found two people guilty of misleading and fraudulent trading in a carbon sale scheme through a series of companies. Both were directors of Enviro Associates Limited, which sold carbon credits as investments. They were charged with fraudulent trading and money laundering and sentenced to prison terms of 13 and 6 years, respectively.

The 150-page investigation reveals that each carbon credit was purchased for 65 pence and resold at 800 per cent higher to the public through a network of companies. More than 5 million carbon credits were sold for £36 million.