SUSTAINABLE AGROENERGY & SIPPS
Many people were told they’d be better off if they traded their pensions in for a Self-Invested Personal Pension: SIPP), and invest in Sustainable Agroenergy, helping to create a cleaner, greener world while making some healthy promised returns.
Now it’s in liquidation
Sustainable Agro Energy was sold on the premise that investors’ money would be placed into green-oil plantations in Cambodia – jatropha trees that would produce green biofuels for a number of uses, a seemingly great alternative to crude-oil based energy.
But Sustainable Agro Energy turned out to be more than a little bit of a stinker, with the Serious Fraud Office putting a Freeze Order on the company in 2012, moving swiftly to sentence Stuart Stone to 6 years in jail in December 2014 after earning around £3.1m in commission and leaving investors with nothing.
Over £23m of British investor capital was poured into Sustainable Agro Energy in good faith, on the promise of healthy and earth-friendly returns for the future.
Can you claim for having been mis-sold?