The director of two ‘green' finance firms which allegedly took more than £1.2m from investors has been charged with fraud.
Forestry for Life and the Investor Club allegedly took hundreds of thousands of pounds from people who paid into environmental investment schemes involving teak tree plantations and rainforest protection projects. However administrators have found the two companies now have just £310 between them. Matthew Ames, 37, who ran both businesses from a converted farm barn, has been charged with two counts of fraudulent trading, the Basildon Echo reports. The firms were investigated by City of London Police specialist fraud unit following a referral from the Financial Services Authority. ...
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