Directors Banned For UK Carbon-Credit Investment Scam

By Paige Long (February 14, 2017, 3:15 PM GMT) -- Three directors of a U.K. company that sold worthless voluntary emission reduction carbon credits as part of a £1 million ($1.25 million) investment scam have been banned from holding corporate director posts for a total of 43 years, the U.K. government announced Tuesday.

The Insolvency Service, an executive agency of the government's Department For Business, Energy and Industrial Strategy, said the scam carried out by Cleartrade Ltd. was discovered following investigations into the company when it was ordered to wind up in May 2014.

Carl Thornton and Marcel McKeigue were banned by the High Court for 15 years each on Feb....

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