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Can "Global Green Services" be legitimate?

rebtook
by rebtook 25 February 2009  |  Comments 138 comments  |  Love Love  0 loves

This company advertises "Invest in your future and earn outstanding, safe returns: 100% tax free, 100% capital guaranteed, projected 12% pa return." Webpage here: http://freequotes.co.uk/edrcpr/ggs/index.php Can this be legitimate? Opinions please.

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Comments (138)

  • JoeEasedale
    Love rating 174
    JoeEasedale posted

    I think you know the answer to this question already. No risk 12% return, guaranteed by which government? but with no link through to a government site.

    Yeah Right!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    If it looks like a duck, and quacks like a duck, and walks like a duck - its a duck

    Anything that looks too good to be true, usually it.

    Posted on 25 February 2009 | Love Love  0 loves Report
  • rebtook
    Love rating 0
    rebtook posted

    Hi Joe, what if I tell you this is promoted by Fool.co.uk?

    Posted on 25 February 2009 | Love Love  0 loves Report
  • MikeGG1
    Love rating 909
    MikeGG1 posted

    I thought the same as Joe, but then noticed it was advertised on today's Lovemoney email.

    An advert is not the same as a promotion, though!

    By the way, doesn't a duck waddle?

    Posted on 25 February 2009 | Love Love  0 loves Report
  • rebtook
    Love rating 0
    rebtook posted

    I thought the same as you both, except I don't believe the fact that it's apparently approved by Fool/Lovemoney necessarily means it's legit. Maybe it slipped through?

    Posted on 25 February 2009 | Love Love  0 loves Report
  • renzelkouten
    Love rating 0
    renzelkouten posted

    I was thinking of investing in this, is it worth it?

    Does anyone know whether this company has been around for a long time and how is the capital secure?

    What do you mean by its 'genuine' peepobaby, is that mean it is a genuine company that does offer this type of investment as opposed to some hair brained scheme to fleece investors?

    thanks

    Posted on 26 March 2009 | Love Love  0 loves Report
  • jademg
    Love rating 0
    jademg posted

    I've just posted another reply on this outfit. Basically they are a sales agent. So if you part with your money to the agent, make sure you know what asset you will get in return - and with what guarantees. Investing in a physical tree (rather than a timber derivative) is unregulated as far as I know.

    Posted on 28 March 2009 | Love Love  0 loves Report
  • jademg
    Love rating 0
    jademg posted

    the link as mentioned above http://www.fool.co.uk/qanda/54626.aspx

    Posted on 28 March 2009 | Love Love  0 loves Report
  • rebtook
    Love rating 0
    rebtook posted

    As I just asked on the other thread: Should Motley Fool really be pushing this type of investment?

    Posted on 28 March 2009 | Love Love  0 loves Report
  • Forestryprof
    Love rating 0
    Forestryprof posted

    If you are interested in forestry investments, then there is a balanced discussion board detailing most of the primary species (including Teak) at the address here > http://www.youforum.co.uk/forestry_investor/

    There is also a few other good resources that may be helpful one is the forestry investor blog here > http://www.forestryinvestor.com/

    And also there is this one in regards to general forestry here > http://www.forestryupdate.com/ , There are of course several more however these seem to have the information you need to look at the business model of GGS.

    I hope this helps

    Posted on 10 September 2009 | Love Love  0 loves Report
  • JohnASutton
    Love rating 0
    JohnASutton posted

    Hi

    I was abit worried with the above comments because I have invested 10000 pounds with the company.

    It appears a good investment and I would not have invested if it was not recommended by a dear friend who knows about forestry investments.

    He has also invested, but alot more 35000 pounds or so but he flew to costa rica and saw his plots of trees and was that impressed that he recommended investing more.

    But I thought 10,000 pounds was enough.

    I am waiting for a return soon, so hopefully I should get one.

    Personally if I invest more money I will go to costa rica and see for myself, companies may sound very good but its best to see for yourself.

    Anyway I would not recommend such investments unless one does his homework

    Posted on 17 October 2009 | Love Love  0 loves Report
  • Techboy
    Love rating 0
    Techboy posted

    Hi John,

    Did you get a return on this? Would you re-invest?

    Posted on 19 May 2010 | Love Love  0 loves Report
  • investingalt
    Love rating 0
    investingalt posted

    Hello everybody,

    if you are interested in comparing teak and other tropical forestry investments, check out www.investingalternatively.com. This new platform is dedicated to teak and tropical timber investors. The site provides pricing comparisons of teak plantations for sale at different maturities and facilitates investor's due diligence. Before paying abnormal prices it pays off to search a bit around and compare alternatives.

    Also above mentioned company would be welcome to register there and make themselves more transparent towards investors.

    Please note, there are also various other opportunistic opportunities listed which can be evaluated.

    And yes you should always do your homework, your due diligence.

    Posted on 05 December 2010 | Love Love  0 loves Report
  • stephharri
    Love rating 0
    stephharri posted

    this company with whom we invested a small amount of money in the teak tree business are now selling carbon credits. Does anyone have any experience of this part of their operation?

    Posted on 20 January 2011 | Love Love  0 loves Report
  • john2d
    Love rating 1
    john2d posted

    I have two plots in Costa Rica sold to me by Global Green Services. So far, one harvest has happened and I did get paid out.

    I also bought some carbon credits through them and waiting to be paid out in about 3 months time.

    I would welcome any other information or experiences on this company.

    Posted on 25 January 2011 | Love Love  0 loves Report
  • anglian
    Love rating 1
    anglian posted

    John2d

    I also bought 2 plots in Costa Rica from Global Green Services for which I have received 2 certificates of ownership which appear to be genuine.

    I was also approached by a Hugh Campbell and a Marcus Green of Global Green regarding carbon credits. I agreed to buy some via an agent in Vancouver. However the monies I transferred to a bank in Vancouver have been frozen in a holding account as the bank has reservaions about the legitimacy of the agent. The Canadian bank are in contact with City of LOndon Police amongst others.

    I am now having doubts about the legitimacy of Global Green. For example I tried to check on the address they give in London and could not come up with a valid address on post finder .

    I also note that Global Green are connected with Madera Viva who in turn are connected to Silva Tree. The latter may also be of dubious legitamacy according to other blogs I have read.

    Posted on 26 January 2011 | Love Love  1 love Report
  • JohnJ2
    Love rating 1
    JohnJ2 posted

    Hi anglian, John2d

    I bought teak in Costa Rica with globalgreenservices.com in 2009. It paid out the first payment late 2010. I also bought green house gas emission reduction credits with Adams Steel, through GGS, in October and January. They say that Adams Steel has been taken over by Resource Polymer. I am going to write to Mark Sweetman, Chief Financial Officer of Adams Steel to see if he can verify this. I have around 28k invested with emission credits and teak, so I am concerned. I have spoken to Hugh Campbell, Marcus Green and Robert Thomson. I am in London in three weeks time. I will check out 145-157 St John Street, the address that GGS give.

    Posted on 16 March 2011 | Love Love  1 love Report
  • Rombaldi
    Love rating 1
    Rombaldi posted

    I invested in Teak and and did not invest in Carbon Credits. The documentation I received for the Teak investment looked legit but the details on the forms were wrong.

    I expected a payment early 2011 but only had excuses why I haven't received it yet.

    The original GGS telephone number does not work anymore.

    The individuals who sold it to me can't be contacted anymore. Calls get returned sporadically by different people.

    If this is a scam, and I read correctly between the lines based on replies they gave me to queries, I predict they will pull the plug and run with the money in April 2011.

    Posted on 18 March 2011 | Love Love  1 love Report
  • seaview
    Love rating 0
    seaview posted

    hi guys, I have teak and have received first thinning payment. have also bought Adams Steel and Resource Polymers carbon credits. Have spoken, at various times to the same three chaps as JohnJ2. Now told that sale of credits about to go through, but I should open a swiss bank a/c to receive proceeds or risk US withholding tax at 40%. Robert Thompson tells me quickest way to get swiss a/c is to buy more carbon credits in a German coal mine methane scheme. I am worried that they keep pushing for more money and always in a hurry. My view at mo is to say no to more investment and I will pay US tax if necessary - still a good return, if it ever happens! I still can't understand how they will be able to sell these credits at such an inflated price. All my research puts carbon credits at around $15 -$18/ton. The whole thing is decidedly fishy in my view and I wish I had never got involved, and yet I really hope it is for real!

    Posted on 22 March 2011 | Love Love  0 loves Report
  • southernframer
    Love rating 1
    southernframer posted

    I have also invested in Costa Rican Forrestry and am hoping to receive first thinning payment in July/August......Have also bought Adams Steel and Resource Polymers Carbon credits , I have also been asked to buy into the German coal mine methane scheme , of which I am holding back.... After investing in the resource Polymers deal I was told by Robert Thompson there would be no further demands for further investment to complete the deal !? ! I was also told about Swiss bank account , which I didn't like the sound of and mentioned I already hold a US $ account ...

    Yesterday I visited London to find the offices at St John Street were only a front and was give another address at 78 York Street London W1 , I turned up there to find a small office with 4 secretarial / admin staff , none of whom could tell me anything much.... the sales personnel Marcus , Hugh , Robert were not in !!

    Robert Thompson had promised all along that the deal would be wrapped up before the end of the first quarter ie end of March , I can't see that happening... He is a very difficult person to get hold of , always on an appalling line connection and is always rushing his conversation with insufficient explanation....

    I Live in Hope !!

    Posted on 24 March 2011 | Love Love  0 loves Report
  • southernframer
    Love rating 1
    southernframer posted

    Hi everyone

    I have just been on the phone again with Robert , he has prmised me that the Polymer carbon credit certificate is currently in Hong Kong and that it will be with me imminently ,he said he will call me with a tracking number tommorrow ....... I hope ....., he is not in London now but in Canada and will be back to complete the deal , he has told me that if I don't get paid out neither does he ....... I am currently giving him a daily phonecall , he does reply most times.....WaTCH THIS SPACE......

    Posted on 24 March 2011 | Love Love  0 loves Report
  • seaview
    Love rating 0
    seaview posted

    Hi, I received planned call back from Robert yesterday and told him that I was not going to invest in the german methane or open a swiss account. I said if I end up paying US withholding tax, then so be it. I will still have made a good return on my investment. He was eventually fine with this, said it was my choice and made little difference to him. I do have both my certificates from Adam steel and Resource Polymer. Robert tells me he will be in touch in about 2 weeks to give me instructions to realise the sale. We'll see. As with others comments, RT is always on a bad line and always in a hurry - but thinking about it, Hugh and Marcus both rushed their pitch, difficult to get a word in edgeways! If this goes belly up I'll submit it as a script for Hustle!

    Posted on 24 March 2011 | Love Love  0 loves Report
  • southernframer
    Love rating 1
    southernframer posted

    Hi I am encouraged that you have received your resource polymer certificate "seaview" , I still haven't had the call back from Robert that he

    promised me nor have I received the certificate , Have you been told what happens

    to finalise the deal ? Do we have to relinquish the certificates before being paid out ?

    I would sooner pay the US witholding tax if it comes to it . If this whole venture is a big " Con " they sure have made it incredibly complex and elaborate , one of Roberts quotes " its all about mergers and aquisitions" , please keep in touch , it seems to help a little comparing notes !!

    Posted on 25 March 2011 | Love Love  0 loves Report
  • seaview
    Love rating 0
    seaview posted

    Hi Southernframer, Robert tells me that in a couple of weeks he will call me to arrange the sale. I will need to sign to sell on the reverse of the certificates, witnessed by my bank manager. Then Robert, at his expense, is going to arrange a courier to pick up the certificates. I will be given a receipt. I think that is that, I sit back and wait for the money to arrive in my bank account. I'm guessing I will have to give an account no for them to t'fer funds to. He has told me these credits will be sold for $53. Is that what you've been told?

    Posted on 26 March 2011 | Love Love  0 loves Report
  • southernframer
    Love rating 1
    southernframer posted

    Hi Seaview , I have also been told $ 53 unit price for sale , but I was also told that the deal would be completed before year end 6/4/11 and that I could decide if I wanted payment before or after the tax year end ...I still haven't been able to speak to Robert since Thursday , when I mentioned to him that I was becoming uneasy about the whole affair..... Have you had any emails or anything in writing from GGS.....?

    Posted on 28 March 2011 | Love Love  0 loves Report
  • Rombaldi
    Love rating 1
    Rombaldi posted

    I am very very suspicious about this whole GGS idea. I think it is a scam and I haven't seen or heard anything to convince me otherwise. I sort of written off my investment.

    I considered contacting ActionFraud but I guess you have to be a victim first. How do you prove you are a victim?

    If I listened to JoeEasedale who said: "If it looks like a duck, and quacks like a duck, and walks like a duck - its a duck" when I researched this investment I would have been a richer man.

    I thought if UpMyStreet advertised this company it would be a safe bet but it was misleading.

    Good luck with the credits!!

    Posted on 28 March 2011 | Love Love  0 loves Report
  • Rombaldi
    Love rating 1
    Rombaldi posted

    Did anyone buy a new plot or was it all "5 year old" plots coming up for harvesting?

    Posted on 28 March 2011 | Love Love  0 loves Report
  • southernframer
    Love rating 1
    southernframer posted

    Hi , The plot I bought back in Jan 2010 was planted in1994 with a fairly major harvest due Aug/Sept this year , there after every 4 years.... at the time they talked about the possibilities of the plot being utilised somehow for carbon credits ....

    yesterday I spoke with someone else in the compliance team - Geoff Payne - in Norfolk.....he seemed helpful in chasing up my carbon credit certificate from Global Choice in Hong Kong , said hed call back next day or so with further news..... Still no call back from Robert Thompson though ......

    Posted on 29 March 2011 | Love Love  0 loves Report
  • seaview
    Love rating 0
    seaview posted

    Hi all, I'm still keeping my fingers crossed! I have to say it was only because I had already received my first thinning payment on teak that I became involved in these blasted carbon credits! However if it is a scam all the ladies who answer the phones and deal with compliance seem very nice and sound very plausible. As one of you said, if it is a scam it is very long winded and involves a fair few people. I've not written my investment off just yet, but it will be very interesting to see what happens next. Keep posting all of you if you have further info or contact.

    Posted on 30 March 2011 | Love Love  0 loves Report
  • stveh1
    Love rating 0
    stveh1 posted

    Hallo all.

    Looks like I have a very similar story to others - first an investment in the Costa Rican teak forest (a single five-year plot) and then subsequent investments in three succesive carbon credit schemes and a proposal to open a Swis Account in order to avoid US witholding taxes. I have had the certificate for the forestry but no first payment. Have received the certificates for the Adams Steel and Resource Polymers but awaiting the third for the German Methane Reduiction Portfolio.

    The certificates seem to be official but has anyone tried to confirm their legitimacy? The first project (Adams Steel) is certainly on the Markit Environmental Registry although of course that does not mean we have been sent legitimate certificates.

    I agree it seems to be a long-winded scam but I am now working on the basis that my investment is worth zero unless proved otherwise.

    Posted on 31 March 2011 | Love Love  0 loves Report
  • JohnJ2
    Love rating 1
    JohnJ2 posted

    Folks

    If you have the Adams Steel certificate then you should have received an accompanying letter from Melina Valero (mvalero@solutionsl2i.com). This invites you to find out how to register your holding on markit.com. I haven't received my certificates for the Resource Polymer Inc and I couldn't find it on markit.com. Anyway, it is probably a good idea to try to register the holdings on markit.com. That way you find out if they are genuine and you have your name against your holding. Try this with the Resource Polymer Inc certificates too.

    I would like to see what the market price for both Adams Steel and Resource Polymer credits are. I don't know how to find this out. It seems to me that if you just send your certs to Robert Thompson (if that's his real name) and he just gets back 18 USD for them, or even less, and then disappears with the money, then he can't lose. So I would recommend insisting on the money first, or at least using some form of escrow account.

    I was reading Max Gunthers "The Zurich Axioms" the last couple of days. One bit of advice for a speculator is to be able to get out of a deal with something. I.E. with shares you can sell them even at a loss. With GGS you are entirely at their mercy. So hang on to those certificates, if they are worth anything, until you get "something" back for them.

    Last Friday I phoned GGS (02077887947) and was told by a young lady that "Robert Thompson was on another line". I did hear an American voice in the background, could be taped (yes I am paranoid now!). He didn't call back. So I rang back and talked to someone else, Mike Phillips (they can probably tell who is writing these blogs by what names you give!). Mike said that Robert Thompson was at that moment somewhere on a flight between Paris and New York. Fast work for twenty minutes!

    But you get paranoid when you know you are being lied to. I didn't twig until that nonsense about opening a Swiss bank account. The Resource Polymer deal has the money paid into HSBC bank Hong Kong. That is offshore enough. Anyway, I don't know what to make of this nonsense about some Mutual company wanting to buy the Adams Steel credits for 53 USD. And then it gets switched to Resource Polymer "because it is Resource Polymer who are buying up the Adams Steel". Have you heard these words?:-"Trust me, I'll look after you" Ha Ha!

    Posted on 01 April 2011 | Love Love  0 loves Report
  • southernframer
    Love rating 1
    southernframer posted

    Hi

    Has anyone progressed any further with Adama Steel and Resource Polymer Deal ?

    It seems to be stagnating to me , I still haven't had word from RT ! I still haven't recieved Resource Polymer certificate from Hong Kong

    Has anyone had any info on the next stage of the deal ?

    Has anyone gone ahead withthe German Methane credits ? Can anyone see any light at the end of the Tunnel ???

    Posted on 05 April 2011 | Love Love  1 love Report
  • john2d
    Love rating 1
    john2d posted

    Almost everything I have read above also applies to me:

    1. Bought into a 2005 teak plot in Costa Rica (was offered a new one but end point is too far away for me. This happened 2 years ago.

    2. Bought again into 1994 plot (also in 2009).

    3. Received first thinning payment of £2,120 last September or so.

    4. In October got first call about Adams Steel carbon credits. Agreed to buy 5000 at $10.50. My contact then was a guy calling himself Marcus BELL, not Marcus Green. This is a bit worrying. I've even got emails and they clearly say Marcus Bell.

    5. Got my certificates before Christmas incl the letter from that person at 2i. Checked out the issuing company, all seems correct, althought all paperwork could be fabricated.

    6. Earlier this year bought into the Resource Polymer deal. No certificates yet.

    7. Tried to buy even more and sent money to HK but that money was returned to me. RT said the Resource Polymer deal was oversubscribed and recommended I switch to the German Methane project. I already have my certificate for this from Carbon Trace Solutions.

    The latest situation is that RT sent me an email saying:

    "The current position is that we are awaiting the final delivery of all client´s certificates from the Transfer Agent. This is a necessity in order to cross reference all transactions completed by all purchasers. It is envisaged this will all be in place weekending 22nd April 2011."

    That date is Good Friday. I wonder if it will be good for us. RT generally does return my calls. I know he is never in their offices and that doesn't surprise me. I have always assumed they use an answering service but maybe they do have some people at the York St address.

    Their published address of 145-157 St John Street could be their registered address. It is also the address of:

    a) Westbury, a firm of chartered accountants

    b) A nominee company with thousands of comapies registered.

    c) various scams that have happened down the years.

    I am not so alarmed by this because scammers generally do use nominee companies and the nominee holder wouldn't know anything about it.

    I don't have a good feeling about this whole deal. Too much is a 'front'. The telephone number they call from is always withheld. Their emails just have a cut-and-paste logo. Their website doesn't identify anybody - could be anything, anywhere. Their email hosting service is something to do with Yahoo, so probably just a web account. I was also advised to open a Swiss bank account, probably to make us keep everything hush-hush.

    Can't believe I fell for $53 per credit. That should have told me something.

    Feeling a bit of a fool.

    Posted on 11 April 2011 | Love Love  0 loves Report
  • john2d
    Love rating 1
    john2d posted

    One other thing, I obtained a copy of the latest filed accounts (31 August 2009) on GGS from companies house. It contains a statement by a Chartered Accountant expressing NO OPINION on the financial statements. The reason given is that the Directors state that they consider the company exempt from a statutory audit. Turnover was not stated but the Net Assets of the company were only £36,156 and even that is just cash less a few debts and shares in issue of £1. A shell company if ever there was one.

    Their company secretary is Westco Nominees ltd

    Their directors are, wait for it, ... Westco Directors ltd; and their one and only named director is a lawyer from New Zealand with an address in Australia.

    The good news is that the companies activities are stated as 'forestry and logging'.

    Posted on 11 April 2011 | Love Love  0 loves Report
  • john2d
    Love rating 1
    john2d posted

    Anglian,

    How did you get on with your funds transfer to Vancouver? I also sent money this way in November but the funds went straight through and I got my certificates just before Christmas.

    Posted on 12 April 2011 | Love Love  0 loves Report
  • john2d
    Love rating 1
    john2d posted

    JohnASutton,

    Did you get paid as expected?

    Posted on 12 April 2011 | Love Love  0 loves Report
  • john2d
    Love rating 1
    john2d posted

    JohnJ2

    We have similar stories to tell.

    I feel as if we should meet some of these characters before signing any settlement instructions. I think there is no chance of receiving a payout before handing over documents but I'm still not really clear on how the exit sequence works.

    Today DHL tried to deliver a package to me from HK so hopefully that will be the resource polymer certificates.

    Personally I'm up for a chinwag over a beer/coffee perhaps in London with other like minded investors. I'm in Surrey.

    Good luck all.

    Posted on 12 April 2011 | Love Love  0 loves Report
  • southernframer
    Love rating 1
    southernframer posted

    Discussing the deal with someone else sounds interesting........JohnJ2 please leave a contact and I ll call you.....South Surrey ...

    The next part of the deal is with TKG Aquisitions New York , they have taken over from GGS , this outfit seems to be a US Financial regulated business and seems much more organised and credible but there is still the requirement of a further investment in Gaunting Winds project , Beijing ...

    any comments anyone ??

    Posted on 13 April 2011 | Love Love  0 loves Report
  • PeterBigFish
    Love rating 2
    PeterBigFish posted

    Can I play too?

    As I was born in 1984 I usually carry a Book into which I can bury my Face. Sherlock Holmes solved this one in five minutes.

    Posted on 13 April 2011 | Love Love  0 loves Report
  • PeterBigFish
    Love rating 2
    PeterBigFish posted

    You can also find me where the mail is hot co.uk

    Posted on 13 April 2011 | Love Love  0 loves Report
  • john2d
    Love rating 1
    john2d posted

    There's never any news. I'm not even sure Global Green Services in London are handling this anymore. Their website has been taken down so now the link is via GGS SA in Costa Rica.

    I am due thinning payments in October this year. Maybe they are getting their excuses in early.

    How did you hear about the broken saw? Presumably you chasing someone in London for settlement?

    Posted on 16 April 2011 | Love Love  0 loves Report
  • john2d
    Love rating 1
    john2d posted

    Southernfarmer, leave a message with peterbigfish

    Posted on 18 April 2011 | Love Love  0 loves Report
  • iang
    Love rating 0
    iang posted

    Seems I have a similar story to many of you. I bought into the teak plantation in Costa Rica in Sept 2009 and was due a first payment in April 2010. In the event I was told there had been delays in the harvest due to weather conditions and would be due the payment upon the next harvest in the Autumn and that the payment was likely to be a little more than the estimate because of the later harvest. The following October, upon chasing, I did receive the payment. It was slightly lower than the original estimate but he fact that I got it was encouraging.

    I also have invested (if that's the right term) in the carbon credit scheme, starting with Adams Steel and then Resources Polymer. Having recently discovered this discussion thread I decided not to go for the German methane project, thinking to minimise my losses if it doesn't work out. If it does then I should (we all should) make handsome profits but I'm not counting any chickens...

    Posted on 18 April 2011 | Love Love  0 loves Report
  • Lyonian
    Love rating 0
    Lyonian posted

    I have also put money into the teak and Adams Steel/Resource Polymers. I was assured by Marcus Green that Global Green Services had a guaranteed buyer for the credits and that there would be a turnaround by the end of March... I have had no reply from them as to what is going on - apart from an e-mail form Robert Thompson advising me to have nothing to do with TKG. I should point out that Taylor Langton Associates, which appears to be a totally legit operation, was also promoting Adams Steel credits at the end of last year, so that part of the equation would appear to be genuine.

    Posted on 18 April 2011 | Love Love  0 loves Report
  • PeterBigFish
    Love rating 2
    PeterBigFish posted

    this forum is a bit too public. I set up a facebook page called peterbigfish.

    Lets post there. I will list my suspicions there

    Posted on 18 April 2011 | Love Love  0 loves Report
  • PeterBigFish
    Love rating 2
    PeterBigFish posted

    If anyone is close enough to Surrey then how about meeting in a public place such a town centre coffe shop or pub or something. I, for one, would like to share info, suspicions and action plans on this.

    Posted on 19 April 2011 | Love Love  0 loves Report
  • PeterBigFish
    Love rating 2
    PeterBigFish posted

    Call me naive but I've just twigged what's going on here. This is an identify theft scam, the carbon credits are just a diversion. Think about it, in order to get this far they have our name, address, telephone number, signature, passport number, utilility bills and probably other things.

    The last piece they need is bank account numbers and then they can clean us out. So what's the next stage? "Good news sir, everything's sorted so where do you want the money paid to?"

    This is a Nigerian scam, western style. I'm going to the police.

    Posted on 19 April 2011 | Love Love  0 loves Report
  • indi32
    Love rating 0
    indi32 posted

    hello peterbigfish

    i mailed you from "caveman" about two hours ago 12.11, you'll find me on google, Ive tried facebook but being unfamiliar with it i cant find my way to your group. We need to confer.

    I have similar experiences and additional insights

    Posted on 19 April 2011 | Love Love  0 loves Report
  • PeterBigFish
    Love rating 2
    PeterBigFish posted

    "Caveman" has made contact. Would anybody else like to join in discussion on this? Mail to peterbigfish at hotmail co uk

    Posted on 19 April 2011 | Love Love  0 loves Report
  • Rombaldi
    Love rating 1
    Rombaldi posted

    PeterBigFish

    I am with you on the Identity theft idea. I cancelled my bank card and had a new one re-issued to ensure they don't run a payment through it again.

    The one organisation I could identify is ActionFraud.org.uk that might help.

    It looks like those interested in Carbon Credits got thinning payments.

    Posted on 20 April 2011 | Love Love  0 loves Report
  • PeterBigFish
    Love rating 2
    PeterBigFish posted

    There are now 5 of us in a group. If you can get to Surrey next wednesday at 6.15 pm then you could attend our gathering. There were two of us last night sharing information and working out important next steps.

    Don't worry if you have signed the 'NDA'. It isn't worth the paper its printed on, besides, you don't have to say anything if you don't want to.

    Posted on 21 April 2011 | Love Love  0 loves Report
  • PeterBigFish
    Love rating 2
    PeterBigFish posted

    Finally a modicum of good news, the Resource Polymer credits are real and genuine. I have had this confirmed in an email from one of the guys that signed my certificate. This project is listed on the Canadian Registry and here's the link

    http://www.ghgregistries.ca/cleanprojects/masterprojectdetails_e.cfm?pid=1007

    I suspect the bad news, though I don't know how to confirm this, is that the credits are probably worth the square root of sod all.

    Posted on 21 April 2011 | Love Love  0 loves Report
  • seaview
    Love rating 0
    seaview posted

    I returned from holiday to a voice mail from TKG plus an email from them. The v/m said they were now dealing with the sale of my carbon credits and I needed to sign and return the emailed form. I have not done this yet and have had no follow up. The form is a secrecy declaration. But why should I have to sign such a form for an above board transaction? I have bought and sold lots of investments over the years and have never had to sign such a document before! I am waiting to ask the question when they next get in touch! I haven't been advised as yet by RT not to deal with TKG! I had also spotted an offer to buy carbon credits being marketed by Taylor Langdon Associates. They didn't name the issuing company, but the volumes and prices were exactly the same as Resource Polymer. On one occasion I asked Robert T who Taylor Langdon were and he said he did not know. I said 'but Robert, they are selling Resource Polymer at $18 each as a long term investment, no talk of a short term sale. He got very defensive and denied that anyone else was selling Resource Polymer as GGS were the only company with rights to deal in these credits. I tried to push him as I KNEW the figures were identical, but he just did not want to talk about it! I am unlikely to be able to meet with you guys in Surrey, but I will email Peterbigfish to ensure I am in the loop. We all seem to be at slightly different satges and so this exchange of info is vital. Incidently we have tonight transfered out most of the funds sitting in the bank account we originally used to pay for these damn things. Don't want to close the account at this stage, if I do need to give bank details for a transfer of 'sale proceeds' I want to be able to offer an empty a/c no! It's all pretty frightening really and I only hope you guys are wrong. Time will tell!

    Posted on 21 April 2011 | Love Love  0 loves Report
  • john2d
    Love rating 1
    john2d posted

    Has anyone heard from Thompson or Lawson in the last couple of days? It's gone very quiet. Lawson said he'd ring back midweek and I've heard nothing. Wouldn't surprise me if they've cleared out their desks and scarpered.

    I followed PeterBigFish's link and I see the project there for the first time. I thought these credits were supposed to be verified and ready for sale but it doesn't look like it.

    Posted on 21 April 2011 | Love Love  0 loves Report
  • john2d
    Love rating 1
    john2d posted

    I got an email at work on Thursday from GGS Client Services, saying I should have received my certificates by now. But it also mentions an email dated 1st April. Does anyone have that email? I haven't.

    Posted on 23 April 2011 | Love Love  0 loves Report
  • androceles
    Love rating 0
    androceles posted

    I am an investor in GGS..small amount about 1 year ago. Contacted subsequently by the affable Marcus Bell and bought carbon credits after doing all the "due diligence" I could which included talking to the managing director of Adams steel in Annaheim CA. Seemed all ok and I now hold a certificate that looks authentic for carbon credits. Had a call from Robert Thomson few months ago telling me of a "deal" with a big American Mutual that would buy all our credits at a remarkable value if he could get a sufficiently high number of them..did I want more. Usual problems with the line that had a delay which made normal conversation impossible..asked to talk to Marcus but he wasn't available. Declined offer to buy more credits. I phoned GGS subsequently for an update on the deal and RT called back.. "all is underway with the deal..just need last few clients to receive their carbon credit certificates". He said they would then be collecting them all together, complete the deal, deduct their 5% trading commission and the money would be paid. GGS staff said Marcus was "off on paternity leave". email received few days ago from Robert Thompson saying TKG were nothing to do with GGS and not to do business with them.

    Only too aware of the well reported scam potential of carbon credits..but equally aware that a market for them does exist. The bottom line is we have bought invisible odourless gas credits in good faith!

    Posted on 26 April 2011 | Love Love  0 loves Report
  • PeterBigFish
    Love rating 2
    PeterBigFish posted

    For anyone who might still believe that TKG Acquisition really exists take a look at this website:

    http://www.chsonline.com/index.html

    whilst on the home page wait a few seconds and then see if you recognise any of the pictures ...

    Posted on 26 April 2011 | Love Love  0 loves Report
  • GrahamC
    Love rating 0
    GrahamC posted

    I have invested into this and am having a terrible time with them avoiding any form of communication. Should have had a thinning harvest last September but no word or any kind of payment. After a lot of chasing I was advised that the harvest had been delayed until February / March due to lack of growth. Have recently enquired as to how the harvest went and still await a response. Starting to believe it was a scam.

    Posted on 26 April 2011 | Love Love  0 loves Report
  • iang
    Love rating 0
    iang posted

    I phoned Global Green admin for info/progress. Apparently an email was sent out recently. I did not receive it and have still not. Robert Thompson did return my call but could only tell me that he has signed a non-disclosure agreement and cannot say any more than that somebody (implicitly someone other than Global Green) would be in touch. Pressed on a timescale he would only say that it's happening on "a day to day basis"- might be tomorrow or end of the week.

    Any other information out there?

    Posted on 10 May 2011 | Love Love  0 loves Report
  • Eye
    Love rating 0
    Eye posted

    Hi,

    I got a plot with GGS in 2009.Last year GGS called saying that my first return was due. They offered me more investments. I declined. I have not received any money as yet. I believe this is a scam.Has anyone gone to the police?

    Posted on 04 June 2011 | Love Love  0 loves Report
  • lost tourist
    Love rating 0
    lost tourist posted

    Hello all

    I also bought some 2005 plots in 2009 and last year I got paid some thinnings proceeds. At the time Marcus Bell was offering up the carbon credit scheme and I mentioned I might invest thinnings money were I to receive some. In the end I decided to keep the proceeds upon receipt and not invest.

    Does anybody know if the timber deed is genuine and valuable regardless of whether GGS services remains in business or not - is it actually worth anything i.e. is it the genuine article? If so, would we be able to deal direct with Madera Viva or perhaps another management company. Has anyone any knowledge of any brokers who could sell these plots for us?

    I for one cannot believe quite how naive I've been, caught on the hop I guess during the carnage of early '09. I'm hoping now that this is not an expensive lesson...

    For the record has anybody dealt with Peter Michaels or Richard Stanton?

    Posted on 06 June 2011 | Love Love  0 loves Report
  • Rombaldi
    Love rating 1
    Rombaldi posted

    The carbon credits scheme was a scam. The investors received letters from the police to confirm they have been conned.

    The Global Green Services telephone line only has a message and the website is not working anymore.

    I am pretty sure the teak investment is also a scam. I haven't heard anything from the Police yet, but I think there is a letter in the post...

    Posted on 07 June 2011 | Love Love  0 loves Report
  • Eye
    Love rating 0
    Eye posted

    Hi,

    I now believe the Teak investment is a scam. Reading the postings some of you have been in contact with the Police.Can you let me know which Police department is involved?The least I can do to prevent this happening to someone else is to make a report.

    Posted on 08 June 2011 | Love Love  0 loves Report
  • PeterBigFish
    Love rating 2
    PeterBigFish posted

    Suggest don't panic just yet on the tree investments. I also have two plots but there is enough evidence around to suggest they are real. Some things to wait for:

    a) Those of us who got scammed on the carbon credits are invited to a police meeting in London 1st July. Who knows what news they will have for us.

    b) One investor is planning to go to Costa Rica very soon to have a look at the tree operation. This is on top of someone else I am in touch with who went last year and saw them for himself.

    If GGS collapses, as it surely must given this scandal, then it's not clear who would arrange visits, documentation, administer maintenance etc. My guess is that another company will quickly fill the space left by GGS.

    It's a worry, granted, but lets not over-react just now. I still think the trees will come good but not necessarily with GGS in the picture.

    Peter

    Posted on 08 June 2011 | Love Love  1 love Report
  • lost tourist
    Love rating 0
    lost tourist posted

    Thanks Peter for the reply and the glimmer of hope. I smelt a rat a while ago now and tried to get GGS to sell the trees for me for much of last year, in the end for less than what I paid for them. This process involved many phonecalls chasing them, calls not being returned and promises of interested buyers but no follow-up. I was dealing much of the time with the nervous and irascible Peter Michaels. To be honest I'm not sure these guys were even using their real names. When I got the thinnings payment through I took my foot off the gas a little but still harboured significant doubts.

    Would really appreciate it if you could keep us informed with the current situation regarding GGS and the trees and whether there is a possibilty of selling them if the plots are genuine...

    and best of luck for July 1st, I hope you can get a result of sorts..

    Jeremy

    Posted on 09 June 2011 | Love Love  0 loves Report
  • Rombaldi
    Love rating 1
    Rombaldi posted

    I also tried to sell my trees for much less during this year and had the same story about a potential buyer who is travelling and will give an answer when back in the UK. What happened to text messages, e-mail and telephones while abroad? Needless to say, it did not happen.

    Peter, thanks for the update. Mentally I have written off the trees but any recoveries will be a bonus.

    Posted on 10 June 2011 | Love Love  0 loves Report
  • Eye
    Love rating 0
    Eye posted

    Thanks Peter.Please keep us posted.

    Posted on 11 June 2011 | Love Love  0 loves Report
  • houstonstewart
    Love rating 25
    houstonstewart posted

    Hi

    I also have 3 x 2005 plots and my experiences mimic most of the previous. I reported this company to the FSA, who basically not interested despite GGS falling foul of their own rules. Lovemoney/Motley Fool who originally carried their advertising are desperately trying to distance themselves from any association with GGS and as yet have not taken up my request to investigate what is happening on behalf of the investors who followed their advice/advertising.

    One piece of glimmering hope, I had a reply 9th June from Madera Viva in Costa Rica who said 'Thank you for your message.

    The forestry plots are maintained as usual, so there is nothing to be concerned about.

    What were the promises done to you, that way maybe i can do something.

    Best regards Gerardo' Not yet had a reply to my successive reply so have chased them again. If I get a response and anyone interested I'll let you know.

    Thanks

    Posted on 14 June 2011 | Love Love  0 loves Report
  • houstonstewart
    Love rating 25
    houstonstewart posted

    Another thought, when you bought into these trees or carbon credits, were you offered the opportunity of paying a deposit via a credit card i.e. £100 - the purpose (and is correct, as I understand it) in that the credit card company becomes liable for the whole sum not just the deposit!

    I was involved in a number of other things at the time and failed to notice that my £100 deposit was never taken from my cc account, so was this a bit of jiggery pokery to give a false sense of security at the outset, with no intention of collecting on the deposit via the credit card company or was this to obtain your credit card details for another scam, yet to be employed?

    Interested to hear from others if they were told the same and if the deposit was actually collected this way

    Posted on 14 June 2011 | Love Love  0 loves Report
  • Eye
    Love rating 0
    Eye posted

    Hi,

    The £100 was never taken from my credit card although I got a receipt. I called and Emailed GGS a number of times about it but they never replied.SCAM has been in my thoughts ever since.

    Posted on 15 June 2011 | Love Love  0 loves Report
  • Rombaldi
    Love rating 1
    Rombaldi posted

    I cancelled my credit card and ordered a new card a few months ago when I got REALLY suspicious.

    Posted on 16 June 2011 | Love Love  0 loves Report
  • lost tourist
    Love rating 0
    lost tourist posted

    Yes....same story regarding the credit card.

    Houstonstewart would be interested to know if Madera Viva get back to you with some sort of plan. It wouldn't surprise me if they simply appropriated the plots for themselves! What a mess.

    Ever the optimist though...

    Posted on 17 June 2011 | Love Love  0 loves Report
  • anglian
    Love rating 1
    anglian posted

    I have bought 2 plots in Costa Rica - one is 2005 & one 1994. I have been emailing a Gerardo at Madera Vera who has told me that F E Forestry manage the trees. However he has not given me a contact no despite my asking twice.

    Has anyone been in contact with FE Forestry ? If so I would be grateful for their contact details. I suspect that our Teak Contracts are genuine ie we have the right of production on the specified plots. But : a) are they being managed (properly) and b) will we receive the proceeds from thinning/felling ? Somehow I have my doubts. I would very much

    like to go to Costa Rica to investigate - any one else wanting to go ?

    Posted on 18 June 2011 | Love Love  0 loves Report
  • lost tourist
    Love rating 0
    lost tourist posted

    I've never heard of F E Forestry and cant find out much about them. Incidentally does anybody know the location of the plantations? I asked GGS as to the location of our trees and was sent an email containing some google map images. These indicate that the plantations are located on a property called "Finca la Luisa" east of a town called Rosa to the north of San Jose.

    Of course they could have sent me anything, so can anybody confirm the above address?

    I'd consider a trip to Costa Rica, and may be heading to that part of the world this winter. I would need something concrete to follow-up though and not waste more time and money on a wild goose chase!

    Posted on 19 June 2011 | Love Love  0 loves Report
  • houstonstewart
    Love rating 25
    houstonstewart posted

    Received a reply from Gerado at Madera Viva SA, such as it is:

    The current situation is that it is rainy season in Costa Rica and as such

    difficults the extraction of timber (roads, machinery etc.).

    It will be easier to wait till the dry season steps in for the logging.

    Not very helpful in unravelling the current situation but at least it's a reply. I have of course gone back and asked they clarify the situation (again). You have to wonder though if these replies are deliberately obtuse or do they genuinely not comprehend the problem ?

    Posted on 20 June 2011 | Love Love  0 loves Report
  • southernframer
    Love rating 1
    southernframer posted

    Just been doing some checking of my £100 credit card payment for deposit on my 1994 plot, unsurprisingly my payment wasn't taken.....! I still haven't had any replies to any of my enquiries fromm GGS Costa Rica...

    I hope to see some of you at the Guildford meeting tommorrow ...

    Posted on 21 June 2011 | Love Love  0 loves Report
  • houstonstewart
    Love rating 25
    houstonstewart posted

    Finally received insensitive reply from ggs@globalgreenservices.com

    I understand you are anxious to get fast results, however we are currently reorganizing

    and the way forward is for your appointed management company to contact you and

    update you on the status of the plots. This will be done within 10 days.

    The management company is F E Forestry and Environment.

    Kind regards

    H. Scheidl

    I have responded with further questions, not least what of our investments and who are FE F&E and how do we contact them?

    What is this meeting in Guildford?

    Posted on 22 June 2011 | Love Love  0 loves Report
  • diggy1
    Love rating 0
    diggy1 posted

    Hi Everyone, Been reading the posts above and thought I'd add mine to the pot. I purchased a 2005 plot back in June 2009 and was told that a thinning payment was due Feb / March 2011. Like most of you I had lots of phone calls earlier this year regarding the carbon credits , but as the only time I seem to have heard from them is about further investments I was very dubious and eventually decided not to invest any further. At the time of the calls I asked the thinning payments and was told that it was due and that I payment was due around May time. I have tried contacting them by emails but never get a reply. I , like yourselves believe that this is a scam. At the time of my original purchase I was also told that a £100 deposit would be taken on my barclaycard. This payment wasn't taken in June 2009 but they contacted me again in Feb 2010 to say that they failed to take the £100 deposit and are now taking it. So I actually have a credit card statment showing Global green payment of £100 in relationship to my original investment. I am now going to contact Barclaycard and attempt to make a claim under section 75 of the consumer credit act. I'll let you know how I get on.

    Posted on 23 June 2011 | Love Love  0 loves Report
  • houstonstewart
    Love rating 25
    houstonstewart posted

    I suspect diggy1 that Barclaycard will only cover for the £100, as indeed this will be viewed by them as not the deposit but the final payment at best. But 'fingers crossed' for you and would be pleased to hear their decision.

    Posted on 24 June 2011 | Love Love  0 loves Report
  • diggy1
    Love rating 0
    diggy1 posted

    Hi Houstonstewart

    See what you meen but the invoice from GBS clearly states deposit paid £100 and the cheque made out from me for the remainder shown on the invoice as balance remaining. So if they do play that card it will be an interesting discusion with the financial services authority who in the end will make a judgment one way or the other.

    On Friday i contacted barclaycard and requested a cliam form under section 75 which they agreed to send to me this week. Will keep you informed

    Posted on 26 June 2011 | Love Love  0 loves Report
  • Johny1975
    Love rating 0
    Johny1975 posted

    I feel a bit sorry for all those that invested with GGS. I think it's a scam too. Instead of investing in far away countries, I've decided to keep my investment here in europe. There's a company in Germany I'm looking into, called Robinia Invest.

    There you can at least buy freehold title to the land, which is completely notarized. They advertise freehold only from 4 hectares, which is quite alot of money, but I can get a freehold title for only 1 hectare, so there is room to negotiate. In this economy I'd rather go for safety than claimed astronomical returns. Also; should the return of the timber be lower, than you will always have a decent return on the land, as the land being used is farmland, and that always increases in value.

    Anyway, might be worth looking into. I've visited the plantations in Germany and it looked ok to me.

    Posted on 03 July 2011 | Love Love  0 loves Report
  • lost tourist
    Love rating 0
    lost tourist posted

    Hello all, any updates? I see the GGS website is up and running, the contact details are now an address in San Jose, F.E. Forestry also gets a mention. Will contact them and report back, maybe still hope?

    Posted on 20 July 2011 | Love Love  0 loves Report
  • coffeeman
    Love rating 0
    coffeeman posted

    Has any one got updates on global green issues

    Posted on 03 February 2012 | Love Love  0 loves Report
  • wisdomseeker
    Love rating 0
    wisdomseeker posted

    Can anyone tell me why this discussion petered out? As another dissatisfied investor, it seems to me that the UK investors ought to finance a representative to go to Costa Rica and produce a report.

    Posted on 29 March 2012 | Love Love  0 loves Report
  • alla30
    Love rating 0
    alla30 posted

    Hi I invested in GGS in May 2009 promised 1st thinning payment April 2010, contacted usual suspects at marketing company. I am not letting this go i contacted GGS a Mr Scheidl by email.I have now contacted a lawyer in Costa Rica who is helping me with my case.I am trying to gain entry to see my plot this is proving difficult at moment they are stalling,surprise surprise.I will post when i get any positive info.

    Posted on 17 April 2012 | Love Love  0 loves Report
  • lost tourist
    Love rating 0
    lost tourist posted

    Have you contacted FE Forestry directly? I received a reply a little while ago stating that they are now handling the management of my plots, and that they are located in San Carlos, Province Alajuela. I have since replied asking for a more exact location, and a progress report on the trees. I actually received a thinnings payment in November 2010. Upon receiving it GGS and Marcus Bell applied pressure to get me to reinvest it into the carbon credits scheme/scam. I am wondering if that's why I received the payment.

    On the plus side I think the teak and the carbon credits are two completely different entities, and we do in fact own some teak plots. As to their provenance, this at the moment seems to be a grey area. I had a friend who travelled extensively around Costa Rica in the winter who saw teak tree plantations everywhere so that is a good sign. He also remarked that it is a pretty straight country and seems a reasonable place to do business. We shall see...

    Posted on 18 April 2012 | Love Love  0 loves Report
  • alla30
    Love rating 0
    alla30 posted

    I do believe there are teak plantations over there.If they had nothing to hide and were acting in good faith then there should not be a problem being able to get my representative to view my plot.I was told that due to economic climate in Costa Rica they were having problems finding a buyer,my lawyer states this is untrue as Costa Rica is quite stable right now.I to was contacted for carbon credits but turned down offer as i was already suspicious it was a scam,I do know however Canadian police were looking into it.

    Ps I have been told my plot was on list for thinning where that takes me who knows.

    atb to everyone for a positive outcome.

    Posted on 18 April 2012 | Love Love  0 loves Report
  • lost tourist
    Love rating 0
    lost tourist posted

    Hi again alla30. Is it FE Forestry that you and your lawyer are dealing with? And you are actually trying to sell your plots to an interested buyer, have you any idea what they are worth and if we overpaid (I'm sure we did!). Do you know if there is some sort of broker that deals in teak plots? I must admit all of these questions and the helplessness of it all has only come to light after I've bought the damn things.

    I, like you tried to sell my plots through GGS for about a year, but there was always some excuse, or somebody interested in buying but the deal somehow fell through. I started to smell a rat sometime ago and constantly badgered GGS, and also offered the carrot that I was interested in the carbon credits ( I of course wasn't). Consequently I did receive a decent payout, and the funds did arrive from Costa Rica. Whether my trees had been thinned or not is anyone's guess. I should imagine they do a mass thinning and then pay out what they like to whom they like, it is very vague and nothing is accountable.

    I would be extremely interested as to how you get on, I may go down the lawyer route myself. Does your one speak good english? I may even head over to Costa Rica myself in the autumn, if nothing else it would be a good fishing holiday!

    Posted on 18 April 2012 | Love Love  0 loves Report
  • alla30
    Love rating 0
    alla30 posted

    Hi Lost Tourist

    I am dealing with gentleman called Mr Scheidl.My lawyer over there has been trying to contact him to no avail.He is now supposed to be contacting her,we shall see what transpires .I am sorry i cant answer some of your questions regarding brokers etc but would be only to happy to let you now my outcome.

    Posted on 19 April 2012 | Love Love  0 loves Report
  • lost tourist
    Love rating 0
    lost tourist posted

    Thanks alla30, that would be great. I take it Mr Scheidl was somehow connected to GGS. I even have a sneaking suspicion that most of them use a pseudonym, perhaps I am just paranoid. If you have any success contacting him it would be useful to have his details.

    Still waiting on a reply from FE Forestry.

    Best of luck, really hope you get a result. Keep us informed.

    LT

    Posted on 21 April 2012 | Love Love  0 loves Report
  • alla30
    Love rating 0
    alla30 posted

    Hi Lost Tourist

    His name is on my timber deeds as signature on behalf of GGS.I just e-mailed GGS,he was person that replied,give it a go see what you get back.

    To be quite honest now Im sick of they whole timber investment,seemed like a good idea at the time.I just want my money back as where does that leave future thinnings it supposed to be a 25 year plan.When i bought in i was told 5years for 1st payment but now doing my own research its probably about 7 years before adequate growth has taken place for 1st harvest.When he told me my plot will be in next round of thinning ie dry season dec 2011-march2011 then i was hopeful but to be put off again is just unacceptable.My own lawyer here looked at my documents she thought scam but did concede there were investing opportunities in timber and did think it all looked legitimate.She even spoke to GGS marketing[the usual suspects] in london office

    ATB

    Posted on 22 April 2012 | Love Love  0 loves Report
  • lost tourist
    Love rating 0
    lost tourist posted

    Hey alla. Got a reply back from FE Forestry, I've copied and pasted it below. I hope it might be of some help. I thought the GGS part of it had been dissolved, due to the carbon credits scam. It's interesting that you can still get in touch with their representative. Below is the FE email:

    "How have you been.

    Sure, the location is in the province Alajuela, District San Carlos, in the village La Luisa.

    Plantation is growing well, thinning will depend on further growth and timber market in general.

    Greetings,

    F. Vranken"

    The above may be a contact for your lawyer.

    Can you please keep me posted on your progess (hopefully not lack of!).

    LT

    Posted on 26 April 2012 | Love Love  0 loves Report
  • alla30
    Love rating 0
    alla30 posted

    Hi LT

    I will do. thanks

    Posted on 29 April 2012 | Love Love  0 loves Report
  • alla30
    Love rating 0
    alla30 posted

    Hi LT

    Some info from my lawyer.

    F E Forestry address is a post office box same as GGS

    Plantation address is the address of the county.

    The rat is getting bigger.Trying to find out more info.

    Alla30

    Posted on 30 April 2012 | Love Love  0 loves Report
  • lost tourist
    Love rating 0
    lost tourist posted

    Hi Alla30

    This doesn't look good, at best the teak operation is extremely shoddily run, at worst it's non-existent.

    Gut instinct says the latter, but still live in hope.

    Thanks for the info, keep it coming if you would. It would be nice to know one way or the other. If it's the other I wonder if there's any action we could take?

    LT

    Posted on 02 May 2012 | Love Love  0 loves Report
  • alla30
    Love rating 0
    alla30 posted

    LT

    I may have some reassuring news

    GGS own the property they are named in the National Registry.

    Good news.Atleast we know it is there.

    Alla30

    Posted on 02 May 2012 | Love Love  0 loves Report
  • lost tourist
    Love rating 0
    lost tourist posted

    That is good news.

    Some thoughts that come to mind are we have to rely on this company for the next 17 odd years to look after these trees, harvest them and forward on the proceeds to us. I'm not particularly optimistic that this will happen without a hitch or three. I must confess to feeling quite hamstrung over this whole "investment". Who is this company accountable to, and to what authority?

    My preference would be to try and sell these trees on if possible, even for a loss. Would be nice to recoup a portion of the money at least.

    If you have success it would be great to have your lawyer's details as i can see myself pursuing the same path.

    Thanks as always

    LT

    Posted on 04 May 2012 | Love Love  0 loves Report
  • Rombaldi
    Love rating 1
    Rombaldi posted

    I am also really interested to know if there is ANY value left in the investment or if it was completely bogus from the start. I get replies from mr Scheidl. He seems to be the CEO, administrator, tea boy and typist at the company. I was promised a first payment in Oct 2010 which was postponed to April 2011 due a dry season which was postponed to Feb 2012 because of adverse market conditions.

    I will also be happy if I can recover even a portion of the investment.

    Posted on 24 May 2012 | Love Love  0 loves Report
  • steve johnson
    Love rating 0
    steve johnson posted

    I am also an investor any body with any information on whats happening here.

    Posted on 27 June 2012 | Love Love  0 loves Report
  • lost tourist
    Love rating 0
    lost tourist posted

    Hi, I guess not, no further news. I was hoping alla30 would come back with some more info.

    All I can suggest is keep chasing those payments if you feel you are owed one. I think the trees do exist, it is the question of management that concerns me. As to how you go about selling your plot God only knows...

    alla30 are you out there?

    LT

    Posted on 05 July 2012 | Love Love  0 loves Report
  • alla30
    Love rating 0
    alla30 posted

    Sorry Guys

    Not posted for a while.

    According to Mr Scheidl it is now rainy season again.He is still being very evasive.

    I dont have anything substantial to report,when i can i will let you know.

    Atb

    Posted on 25 July 2012 | Love Love  0 loves Report
  • lost tourist
    Love rating 0
    lost tourist posted

    Hi alla, thanks for the reply. I can confirm it is the rainy season there. How good an excuse that is I dont know. Anyhow it will be the dry season in a few months time..

    Really would appreciate it if you can update us from time to time if anything worthwhile to report on. Likewise I shall do the same, though my thinning payment wont be due for a while. I will however be checking in with them every so often, just make them aware of things.

    If anyone else has good or bad news to impart, would be good if you could post it on here.

    Best of luck to you.

    LT

    Posted on 02 August 2012 | Love Love  0 loves Report
  • Grapesofwrath2
    Love rating 0
    Grapesofwrath2 posted

    GGS are made up of two people principally; Joachim Navis, a Dutchman, and Sam Sigh,(Sing) an Indian. The Indian is the son of a hotelier and acts as the money,the Dutchman is a personal friend of the older Dutch teak plantation owner, the brains.

    The are acting as a sales company for Madera Viva to the teak off at a profit. They get 10 percent commission on any sale. The plantation costs about seventy million euros in total, so their thinning commissions, provided they find a buyer, will be very large indeed.

    They went into business in about 2004. 1994 is untrue.

    They generally hire criminals and retirees in Marbella. They do not hire brokers. No-one was able to sell more than one hectare, except for one guy.

    FSC Certificate needs to be asked for. Ask them next time, demand it.

    They were involved in the Amsterdam wine fraud with Bordeaux grapes wine investment. and they use the same leads. People from that fraud that did jail time were working with them - at least, I know they had their own wine investment fraud in Amsterdam and it targeted the Irish. And I know they did jail time.

    The very cheery guy who goes for the uplifting close is a spoilt Indian who buys a Rolls Royce of an ugly brown color and puts a dent in it the next week on a drunken spree around Puerto Banus.

    I worked for these people for one and a half years, in my late twenties, hoping to get investment experience. They made out it was completely legit but what guarantees do you have because the sales company GGS doesn't OWN the plantations, Madera Viva does, so all culpability is avoided.

    My suggestion is to sue GGS for claiming false ownership, if possible.

    I'm here to help.

    Posted on 10 October 2012 | Love Love  0 loves Report
  • Grapesofwrath2
    Love rating 0
    Grapesofwrath2 posted

    That adress in St. Johns London is a complete mystery to me. When I was there, ( I have given up sales for good) it had been written on a brochure whereas we were in Marbella.

    Posted on 10 October 2012 | Love Love  0 loves Report
  • Grapesofwrath2
    Love rating 0
    Grapesofwrath2 posted

    The people who got their thinnings payments only got it because Sam and Joachim get a ten percent of the whole plantations thinnngs.

    The affair is pretty shady. However, the profit and offer to sell are unreliable in the extreme. The age of the trees is probably a lie.

    Posted on 11 October 2012 | Love Love  0 loves Report
  • Grapesofwrath2
    Love rating 0
    Grapesofwrath2 posted

    They break their promises left,right and centre. The offer to travel to Costa Rica is pure fiction.

    They appear to have a criminal past and present.

    Posted on 13 October 2012 | Love Love  0 loves Report
  • PeterBigFish
    Love rating 2
    PeterBigFish posted

    Hi Grapes,

    Please can you find me on friend face or hotmale.co.uk?

    Thanks,

    Posted on 18 October 2012 | Love Love  0 loves Report
  • PeterBigFish
    Love rating 2
    PeterBigFish posted

    I found this article on the web a few months ago (dated 24 Nov 2009) but it doesn't seem to be there anymore. At the time I took it to mean that the operation was legit at one time, i.e., until Robert Thompson and friends invaded.

    Global Green Services S.A., a leading international timber company and champion for environmental stewardship, has announced the planting of 65 hectares of trees and 70,000 seedlings in its Costa Rica plantation. The company’s primary plantation now is comprised of over 210 hectares.

    With these planting accomplishments, in addition to rain-filled growing seasons in Costa Rica in recent years, Global Green Services is poised for tremendous growth in its timber operations. The company’s efforts also are benefiting the local labor force, which is active on the plantations and critical to cutting weeds, applying fertilizers, and the maintenance of internal roads, fences, buildings, and facilities. Moreover, Global Green Services is a crucial component of the business supply chain in the regional Costa Rican community, where the company even sponsors the local soccer team.

    Furthermore, due to the company’s efforts to fight global warming and its stewardship of environmental issues, the recent growth is seen by many as a boon not only for the region’s ecology, but for the planet’s overall environmental health as well.

    “We are very excited about our recent sustainable growth,” noted Hermann Scheidl, President of Global Green Services. “Not only are we delivering strong returns for our investors, but we’re boosting the local community and helping the fight global warming. This is a good situation for everyone involved,” he added.

    To learn more about Global Green Services, please visit www.globalgreenservices.com.

    About Global Green Services S.A.

    Global Green Services S.A. plants many of the finest species of exotic tropical hardwoods in the world. The company’s hardwoods are grown to harvest for profit for investors, employees, local communities, and other stakeholders. At the same time, however, the company’s efforts help reduce the pressure on the world’s natural rainforests. Global Green Services’ primary plantation is located in the tropical rainforests of Costa Rica and helps protect this environmentally endangered region. Moreover, once the trees have been harvested for their respective investors, the area is replanted and turned over to perpetual forestry, thus preserving the area’s crucial rainforests and promoting sustainable ecological husbandry. To learn more about Global Green Services, please visit www. globalgreenservices.com.

    November 24th, 2009 @ 05:58pm

    http://www.yasni.com/ext.php?url=http%3A%2F%2Fwww.webnewswire.com%2Fnode%2F483467&name=Hermann+Scheidl&cat=news&showads=1

    Posted on 19 October 2012 | Love Love  0 loves Report
  • Grapesofwrath2
    Love rating 0
    Grapesofwrath2 posted

    Peter,

    If you mean to mock me sir, then mock away the dignity of green investments,of fathers pensions,of sons nest-eggs pray mock..

    No man may be the boss of me but myself - and even that comes at a price..No more big fishes..no more..not after GGS. I choose myself before my boss.

    Posted on 24 October 2012 | Love Love  0 loves Report
  • Grapesofwrath2
    Love rating 0
    Grapesofwrath2 posted

    Mock away the pension from the father, the nest egg from the son, the altruism from the investment, the good will from the investor, the trust of the broker,the fruit from their labour,the innocence of Marbella pray mock..

    Posted on 24 October 2012 | Love Love  0 loves Report
  • Grapesofwrath2
    Love rating 0
    Grapesofwrath2 posted

    I pity you, children - who swallowed the candy floss of the sales spiel, whose minds were lit up by nature's rewards and the exotic paradise of the Rich Coast.

    Pure nature, such as a seedling - can be false? Yes, my friends,it can. The tree's teak varnish is but a veneer for the profit from its spindly sticks,thinnings you will never see.

    But your reward will come; your intentions were good and believe in this manifestation of the holy karma. You will ride this wave through and come to paradise..

    Posted on 24 October 2012 | Love Love  0 loves Report
  • PeterBigFish
    Love rating 2
    PeterBigFish posted

    Dear Grapes,

    I have no intention of mocking you. The information you post is very good.

    I simply meant to say that there are several of us who meet from time to time to share information on this problem and I wanted to make contact with you. I used synonyms instead of real branded social media names to evade the robots that weed out such posts.

    I posted an old article, that is no longer available, to demonstrate that I had thought GGS to be a legitimate enterprise back in 2009. Perhaps it was already crooked then too, I don't know. I do believe you could tell us for sure. Our group is interested in action plans and protection from follow up scams and occasional meets help to promote that cause.

    Peter

    Posted on 25 October 2012 | Love Love  0 loves Report
  • Marbellaisafunnyolplace
    Love rating 0
    Marbellaisafunnyolplace posted

    How does one ascertain the veracity of a complex timber investment? We are fairly certain that the carbon credits is spurious. I was not involved in that, it came after my time with the company. Whilst working for them, we were let on that the plantation dates its inception to around 2003/4 not 1994 and therefore all trees to my best knowledge were still seedlings though 2,3,4 year old trees were in offer.

    I have never received a contract. You must review the contract and see how it tallies with the reality.

    I was angry that a free trip to Costa Rica was promoted for buyers of 1.1 hectares - but my client was never given that offer to my best knowledge.

    If you feel you have been duped,please tell us.

    People on this blog have been to Costa Rica and seen the trees. The legal firm does appear to exist,and I verified it for my own conscience when I was working for them - but is this part of a very elaborate scam?

    Have the thinnings returns been anything like as much as you were promised?

    How do you know that they will keep giving you thinnings returns?

    Posted on 26 October 2012 | Love Love  0 loves Report
  • Marbellaisafunnyolplace
    Love rating 0
    Marbellaisafunnyolplace posted

    Joachim NAvis is Sam's partner. He's the guy who goes through the contract before you pay the money for the trees.

    I just found out he is also working for Silva Tree, see Katoomba Partners.

    Posted on 27 October 2012 | Love Love  0 loves Report
  • Marbellaisafunnyolplace
    Love rating 0
    Marbellaisafunnyolplace posted

    Richard Diaz is English but fluent in Spanish. However, it is clear from his accent that he is English. I just saw him on Millioinaires Ball. AMazingly - that girl used to work in the excellent Chinese just outside Sam's office. AMazing.I think I met Oscar too.

    Posted on 27 October 2012 | Love Love  0 loves Report
  • Marbellaisafunnyolplace
    Love rating 0
    Marbellaisafunnyolplace posted

    Pure facts, you are very very clued up. Would you mind telling me some of your experiences? You have trodden this path before and seem more helpful than the experts I have read in scam blogs and IFA blogs. What experiences led you to know this much?

    Posted on 27 October 2012 | Love Love  0 loves Report
  • Marbellaisafunnyolplace
    Love rating 0
    Marbellaisafunnyolplace posted

    Pure facts, you are very very clued up. Would you mind telling me some of your experiences? You have trodden this path before and seem more helpful than the experts I have read in scam blogs and IFA blogs. What experiences led you to know this much?

    Posted on 27 October 2012 | Love Love  0 loves Report
  • Marbellaisafunnyolplace
    Love rating 0
    Marbellaisafunnyolplace posted

    How do you know that Singh has been in jail before?

    Posted on 27 October 2012 | Love Love  0 loves Report
  • Marbellaisafunnyolplace
    Love rating 0
    Marbellaisafunnyolplace posted

    Purefacts, you should delete your posts now. I have copied them to my e-mail. But you may now best.

    Posted on 27 October 2012 | Love Love  0 loves Report
  • Marbellaisafunnyolplace
    Love rating 0
    Marbellaisafunnyolplace posted

    Peter,

    Has Indie been in contact with you privately? He wrote me an e-mail saying he has? Is this true? I want to route out any 'moles'? I need to know that you and him have been in contact.

    Posted on 27 October 2012 | Love Love  0 loves Report
  • PeterBigFish
    Love rating 2
    PeterBigFish posted

    Marbella,

    Yes he has

    Peter

    Posted on 02 November 2012 | Love Love  0 loves Report
  • Grapesofwrath2
    Love rating 0
    Grapesofwrath2 posted

    But Purefacts, however much i want to put the guy away,it seems that there is no way to get him on the trees because the tree investment iws unregulated by IFA.

    Posted on 08 November 2012 | Love Love  0 loves Report
  • purefacts
    Love rating 0
    purefacts posted

    Grapesofwrath2 were the trees that the clients paid for , the exact ones as stated in the contract of purchase , were they actually provided ? Also, the carbon credits were they sold at their true market value , or on a grossly inflated price supported by a pack of lies fed by the sales staff? Deception , Misrepresentation , Conspiracy To Defraud are all criminal charges that may apply.The police should be doing something about this .

    Posted on 08 November 2012 | Love Love  0 loves Report
  • Daniel Bolaños
    Love rating 0
    Daniel Bolaños posted

    The managers of Global Green Services have been arrested by order of the Prosecutor Office or DA with assistance of teh OIJ (Judicial Police) of Costa Rica, after two british citiizens filed criminal carges against one belguim and one bristish citizens.

    Daniel Bolaños

    Attorney at Law

    danielbolanos@yahoo.com

    Posted on 14 December 2012 | Love Love  0 loves Report
  • wisdomseeker
    Love rating 0
    wisdomseeker posted

    After a long break, I just have checked in to this correspondence and am amazed at the turn of events (I refused the carbon credits). If a criminal case is to be brought, is there some way we can all get together on this? United we stand etc. I have been in business a long time and this is the first time I have been scammed. I'm in no mood to let it go lightly. We should organise a meeting of all the injured parties.

    Posted on 29 December 2012 | Love Love  0 loves Report
  • wisdomseeker
    Love rating 0
    wisdomseeker posted

    Hi alla30,

    I think you attempted to respond to my posting of 29th March 2012 but, unfortunately, I never checked in at that time, only doing so yesterday, in fact. Did you proceed down the legal route and are you responsible for the arrests mentioned by Daniel Bolanos on 14th December? Like you, I bought two plots in 2009 but have never received any of the promised payments for thinning, nor the annual updates promised in GGS's original brochure, though I have been in regular contact with FE Forestry. The excuses from FE Forestry have been that it was either too wet to undertake the thinning or that the market was too depressed, both plausible but not exactly what we were originally promised. I would be grateful for any other information that anyone has and also to join the investors meetings if such a group still exists. Finally, if large numbers of us really have been scammed, this ought to be a major embarrassment for the Costa Rican Government so I would not discount the political dimension in all this.

    Posted on 30 December 2012 | Love Love  0 loves Report
  • wisdomseeker
    Love rating 0
    wisdomseeker posted

    For those like me, playing catch-up in this drama, you may like to know that the English language publication, A. M. Costa Rica, is carrying an article dated 14th December, stating that the two arrested men are believed to be the Belgian National Mr Frank Vranken and the Dutch National Mr Maurice Sjerps. The prosecutor is Mariela Villalobos in the fraud office. Quite independently of this, I have also discovered that Frank Vranken is attached to a carbon offset scheme run by "Property Frontiers" as their 'Technical Advisor" via ecomanagementservices.org. A Mr Ben Jefferis is listed as the Sourcing Manager of Property Frontiers and the Project Developer is none other than 'Silva Tree" (see 'marbellaisafunnyoldplace' above, 27.10.12). The Property Frontiers' pitch is that they are creating carbon offset credits by investing in reforestation projects in Costa Rica but it occurs to me that these projects could be just the same old trees that we think we may already have purchased. If there is a connection (and our trees exist), then the income should be ours since we own the trees. Love to get some updates, if anyone else has some, and to meet with the Action Group.

    Posted on 30 December 2012 | Love Love  0 loves Report
  • wisdomseeker
    Love rating 0
    wisdomseeker posted

    Sorry, one more posting. Bananama Republic is carrying news of the arrest of Maurice Sjerps on their website (www.bananamarepublic.com/2012/12/28/maurice-sjerps-of-silva-tree-fame-arrested-in-costa-rica/) and it seems he has quite a history. From this, it appears our teak plantations almost certainly don't exist so where do we go from here?

    Posted on 30 December 2012 | Love Love  0 loves Report
  • PeterBigFish
    Love rating 2
    PeterBigFish posted

    Dear Wisdom Seeker,

    I know of a group who meet from time-to-time although 'Action Group' is a little grand :-)

    Please find me on Facebook or better still email me at hotmail.co.uk

    Previous meetings have been in the wider Guildford area of Surrey.

    What I can't understand is why Hermann Scheidl hasn't been arrested. He's presiding over the whole shambles.

    Posted on 06 January 2013 | Love Love  0 loves Report
  • wisdomseeker
    Love rating 0
    wisdomseeker posted

    Alla30, if you are out there somewhere and still tuning in, can you post your latest info or advise how I can contact you? I'm meeting peterbigfish and one or two others tomorrow night to review the situation after the December arrests. I'm also wondering if it was in fact you that brought about the arrests; if so, it would be great to have your update. I'm still trying to establish whether or not these plots actually exist and, if they do, what state they are in. With best wishes, Wisdomseeker

    Posted on 22 January 2013 | Love Love  0 loves Report
  • jnic
    Love rating 0
    jnic posted

    I am probably older than most of you, and should be wiser - alas, not so! I invested with this bogus company many years ago and haven't received a penny; though plenty of promises.

    To my credit, or not; i have been in court a number of times, winning all but one case. I would happily join a group of like minded investors and put the case to GGS, before applying to the courts, to see what their reaction would be.

    One person on their own would not stand a chance, but a significant group just might.

    I am new to this, never having been on a site like this, so please bear with me!

    Regards, jnic

    Posted on 29 January 2013 | Love Love  0 loves Report
  • wisdomseeker
    Love rating 0
    wisdomseeker posted

    Dear jnic,

    Don't worry about being new to this. I don't think any of us dreamed we would be spending time on this site when we started. However, thanks to the efforts of peterbigfish in particular, there are now a significant number of investors ready to move forward. Before linking you in to everyone else though, can I just ask for a little more information about your history with GGS? We are a mixture of 'trees only' and 'trees and carbon credits' investors. For the record, I am 'trees only' and invested in two small plots for which I have never received the promised thinning payments. Looking forward to hearing from you, Wisdomseeker

    Posted on 01 February 2013 | Love Love  0 loves Report
  • quicksilver47
    Love rating 0
    quicksilver47 posted

    I am also an 'oldie' (and new to this) who ought to have known better. In early 2010 I purchased five 2009 plots and one 1994 plot; a thinning payment for the latter was due last year but, unsurprisingly, I have received no payment. I have yet to follow up as I was aware there was a problem and other things (including other legal proceedings!) have taken up considerable time. Prior to purchase of the plot I asked for (and received) a supposedly independent report (organised by GGS) on the growth of the plots available and accepted the one for which growth was already of the highest quality so (in theory) slower growth should not be a factor in delay in thinning/payment. I am in SE Asia at the moment so cannot produce the details but following up whoever did the report might just be helpful. I would be most interested in participating in any 'action' group, possibly with a view to pursuing legal proceedings if this seemed to offer the prospect of securing ownership and/or some return. I agree that potentially we may achieve more operating collectively and any action would be more cost-effective.

    Posted on 06 February 2013 | Love Love  0 loves Report
  • PeterBigFish
    Love rating 2
    PeterBigFish posted

    To:

    Alla30, jnic, quicksilver47

    There is an action group. If interested please contact PeterBigFish@hotmail.co.uk

    Posted on 11 February 2013 | Love Love  0 loves Report
  • hamlamb
    Love rating 0
    hamlamb posted

    invested in seven plots in 2008 and am fully aware I have probably lost my entire ivestment but if there is any advice please forward, I presume there is no point in trying to sell or ask for overdue thinning dividend.

    Posted on 23 April 2013 | Love Love  0 loves Report
  • john2d
    Love rating 1
    john2d posted

    UPDATE - LEGAL DEVELOPMENT

    If you wish to join in the class action lawsuit then email PeterBigFish immediately!!!!!!!!

    Posted on 29 June 2013 | Love Love  0 loves Report
  • PeterBigFish
    Love rating 2
    PeterBigFish posted

    I am pleased to say that there has been a significant development in the case against the perpetrators of the Global Green Services scam.

    As some will know, there was publicity in the Central American press a few months ago regarding the arrest of certain individuals connected to Global Green Services. The arrests were the result of private prosecutions brought by two investors from the UK. These investors were in fact attendees at one of the Guildford meetings held 2 years ago. Following extensive private enquiries by the two UK investors the Costa Rican legal system is now preparing to prosecute the individuals named in the attached template. We can all help the cause by registering our statement of claim using the attached template.

    The purpose of this form, and the details requested, is to enable the prosecution in Costa Rica to demonstrate to the court that there are many victims in this case and not just two. Proving this step should be relatively straight forward and will strengthen the charges and length of prison sentence and/or size of fine when the accused are proven guilty.

    If you would like to participate then please email peterbigfish@hotmail.co.uk

    Posted on 29 June 2013 | Love Love  1 love Report
  • john2d
    Love rating 1
    john2d posted

    Is anybody still following this thread? The case in Costa Rica is progressing. The case is now closed to new entrants but if anybody is interested than I'll post progress.

    Posted on 09 March 2014 | Love Love  1 love Report
  • lost tourist
    Love rating 0
    lost tourist posted

    Hi, I've been really lax in joining and helping in this, I must admit I'd all but written off the money. It would make my year if those reponsible were brought to justice. Would very much appreciate if you kept me updated.

    Thanks

    Jeremy

    Posted on 09 April 2014 | Love Love  0 loves Report

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