One of the biggest mis-selling swindles in today’s investment markets. This scandal has provided a field day for con men. The truth is that Australian Carbon Credits were never genuine investments and were simply part of an elaborate con to take money from innocent investors.
Most investors were cold-called and offered generous returns and even cash backs as incentives to make the investment.
The cold callers operated from boiler rooms or dodgy call centres engaging in high-pressure sales tactics aimed at susceptible and vulnerable consumers with little or no knowledge of trading. Once bought the carbon credits are impossible to sell and are actually worthless.
If you have bought Australian Carbon Credits OR anything similar you are in a difficult position although there may be a couple of ways to get your money back.
Mendelsons solicitors specialise in acting for clients who have been mis-sold pension investments and lost all their money. Most of the clients we act for have been cold called and persuaded to move their pension from a safe investment into a high-risk venture without the risks properly being explained.
Their pension money is moved into a SIPP which is a Self Invested Personal Pension and then ‘invested’ into a product that fails, making the investment worthless. The mis-selling arises because the investor was given unsuitable advice, the risks were not explained and the product was not right for the investor.