Now the heat is turned on ‘dodgy’ carbon credit boss
THE boss of a corrupt carbon credits investment firm, who ignored warnings I gave him and was then exposed by The Mail on Sunday, has been banned from running any company for the next 14 years.
Christopher James Thompson, 33, from Wickford in Essex, was the sole director of CT Carbon Limited, based in Throgmorton Street, Central London.
Thompson’s company sold carbon credit certificates with the false claim that they had ‘outperformed every other market during the last few years.’
In fact, there was no real market in the certificates, which supposedly allowed industries to emit a certain amount of carbon dioxide.
In 2012, I challenged Thompson to prove his marketing claims, and warned him that there appeared to be no way for his investors to turn their credits back into cash.
He failed to offer any explanation before we sounded the alarm in print. Announcing the boardroom ban last Thursday, the Insolvency Service, which investigated CT Carbon, described Thompson as a ‘dodgy director’ and revealed that after he was exposed he continued selling carbon credits through a different company.
Official Receiver Paul Titherington said: ‘In ignoring a letter from a journalist alerting him that he should not be selling these, Mr Thompson displayed a complete disregard to whether members of the public could receive a return on their investment, or sell their carbon credit at all.’