The High Court in London has ordered Diffraction Limited into liquidation following an investigation by the Insolvency Service. Diffraction Limited is another part of the web of companies around Eco-Synergies.Eco-Synergies was a wholesaler of voluntary carbon credits, which it sold to other companies to sell to the public as investments. Between March 2012 and November 2012, Diffraction Limited sold more than £1.3 million of voluntary carbon credits to retail investors.Eco-Synergies bought the carbon credits for an average price of 65p per credit. On average, Diffraction bought the carbon credits from Eco-Synergies for £1.11. It sold them to retail investors for £4.81.
Diffraction Limited: Another carbon credit boiler room bites the dust | Climate Connections