The Sun tears into Ethical Forestry again, following announcement of Serious Fraud Investigation

A year after The Sun’s Kelvin Mackenzie went in on Ethical Forestry director Matthew Pickard, the paper has waded in again as the SFO announced an open investigation into the underlying investment, and 3 warrants were executed in relation to it. After explaining the “terrible scandal in which ordinary people lost their entire pension pots”, the often…

Serious Fraud Office Ethical Forestry

Serious Fraud Office opens investigation in connection with Ethical Forestry – March 2017

SFO announcement comes after police warrants executed in the South of England On the 8th of March 2017, the Serious Fraud Office announced an open criminal investigation with connection to Ethical Forestry Limited and its associated companies following allegations involving a “fraudulent investment scheme”. The short SFO statement on their website states that the allegations…

Damage report for ethical forestry investment

At least 2 Ethical Forestry plantations described as suffering “severe-total” damage after Hurricane Otto

A further 3 Ethical Forestry plantations remain “unverified” on the damage report A new letter from the liquidators of Costa Rican tree investment, Ethical Forestry, provided an outline of the damage to each plantation, and said photographs from the drone footage will be uploaded shortly. The damage report, which the letter (dated 15 Feb 2017)…

FSCS acknowledges the Ethical Forestry problem: Estimates there is over £50m to be paid into compensation to investors

Have you begun your own claim yet? The FSCS has released a statement that says it expects to pay over £50m in claims regarding Costa Rican investment Ethical Forestry, an article in Citywire has stated. The unregulated timber investment had at least 3,000 UK investors, many of which have invested over £18,000 into the high-risk…