Diffraction Limited: Another carbon credit boiler room bites the dust | Climate Connections

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.

via Diffraction Limited: Another carbon credit boiler room bites the dust | Climate Connections.

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