XTCC Carbon Credit Fraud Exposed: Alper Deniz and Scott Levy’s Deceptive Carbon Credit Scheme Unveiled
An Examination of XTCC Carbon Credit Investment Scheme
Investors who participated in XTCC’s carbon credit investment scheme have encountered unexpected challenges. The scheme, initially presented as an attractive opportunity for eco-friendly investing, has led to some concerns and questions.
XTCC’s promotional materials highlighted an appealing offer, seemingly supported by reputable financial institutions. One of the key claims was the promise of principal protection, allegedly backed by Blackrock, a well-known global asset manager. However, a response from Blackrock has raised questions about this claim. Blackrock clarified that they do not guarantee capital protection, indicating that some of XTCC’s representations may have been misunderstood.
“Option 4 offers a four-year principle protected investment with potential performance bonus based on the price of carbon credits. The BlackRock ICS Liquid Environmentally Aware Fund, globally recognised for investment and risk management solutions, provides principal protection. “
XTCC’s marketing material boasted of an enticing offer backed by the credibility of financial giants. Prominent among these claims was the assurance of principal protection, supposedly underwritten by Blackrock, the renowned global asset manager. Investors were led to believe that their investments were secured by the AAAm-rated Blackrock ICS Liquidity Funds.
- Dark past of the bond Arranger:
The entity responsible for arranging this carbon credit bonds is Bedford Row Capital PLC, led by Scott Levy and Stuart Gordon. Levy and Gordon’s involvement has drawn attention due to his past legal issues in Malta and Luxembourg. Furthermore, Bedford Row Capital has experienced a number of bond defaults since 2018, which has raised questions about their reliability. Some of their bonds are :
- Audley Funding PLC
- Invenio Capital PLC
- Intergroup Mining 1
- Just Cashflow PLC
- Balise Springs PLC
- Ethika Finance PLC
- Dover Hartcourt PLC
- Omnia Bond II PLC
- Minerva Lending PLC
- WELLESLEY SECURED FINANCE PLC
- NQ Minerals PLC
- Sustainable Capital PLC
- The Resort Group
- My Club Betting
- Chip chip Holding
Questionable Issuer Reputation :
Sustainable Capital PLC, the issuer of the carbon credit bonds, stands at the center of this controversy. Previously flagged for its negative reputation, as highlighted in Bloomberg articles dating back to January 14, 2022, under the ominous title “Green Debt Market Faces a Rare Default,” Sustainable Capital PLC’s involvement only adds to the skepticism surrounding XTCC’s investment scheme.
- Dark track record Bond Advisor and Trustee:
To add another layer of suspicion, Truva Trustee, helmed by Mr. Alper Deniz, an attorney at Keystone Law in the UK, assumes the role of bond advisor and trustee. However, a closer inspection reveals a troubling pattern of involvement with defaulted bonds since 2018, raising serious questions about his competence and fiduciary responsibilities.
Investors who put their money into XTCC’s carbon credit investment scheme are now facing the possibility of financial loss. As regulatory scrutiny increases and potential legal actions are considered, this situation serves as a reminder to exercise caution and thorough research before investing in seemingly profitable opportunities. In the world of finance, it’s important to balance the potential for profit with a healthy level of skepticism.
If you think you’ve been scammer, you can report the matters to FCA , using this link : Carbon credit trading scams | FCA
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