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Green Fraudsters: FSA Warning Over Carbon Credit Scams

Carbon credit trading schemes are set to take over from landbanking as a major scam hitting unwary investors. This week the Financial Services Authority issued its first consumer alert on the schemes following an unprecedented 10-fold surge in complaints and queries in July. The watchdog warns that the schemes are unregulated, so anyone can sell them, and UK authorities have no way of controlling their quality or validity.

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