Award for cold­est sham goes to...

Daily Mirror - - NEWS -

Never trust a cold-call­ing com­pany try­ing to flog you in­vest­ments, even if it claims to be award win­ning.

World­wide Com­mod­ity Partners Ltd was named Fastest Grow­ing Bro­ker in 2012 by some ob­scure pub­li­ca­tion called World Fi­nance and its “se­nior emis­sions an­a­lyst” James Burn picked up the gong.

At the time, I ques­tioned how this com­pany could be judged the fastest grow­ing any­thing since it was so new that it hadn’t filed any ac­counts and its sup­posed head­quar­ters around the cor­ner from the Bank of Eng­land was a vir­tual of­fice.

World­wide Com­mod­ity Partners, you won’t be sur­prised to hear, was a sham. It sold car­bon cred­its, those in­vest­ments much loved by con men, rak­ing in almost £3mil­lion be­fore be­ing put into com­pul­sory liq­ui­da­tion in the High Court.

Di­rec­tor Stephen Leary, a 32-year-old Lon­doner, has just been dis­qual­i­fied from run­ning com­pa­nies for 14 years – only one year less than the max­i­mum ban.

An­other com­pany given an award by World Fi­nance was Tul­lett Brown Ltd, which made £3.2m by sell­ing car­bon cred­its to the un­wary be­fore be­ing shut down.

I asked World Fi­nance how it se­lects win­ners but never got a re­ply.

CON James Burn picked up a gong

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