The plaintiffs alleged that the defendants fraudulently induced their investment in a carbon credit business by misrepresenting their previous business experience, thus violating the Racketeer Influenced and Corrupt Organizations (RICO) Act and several state laws. The federal district court for the Central District of California granted the plaintiffs' motion for default judgment against an individual defendant who failed to respond to the complaint.

Lawsuit alleging that defendants fraudulently induced the plaintiff's investment in a carbon credit business scheme.

FCM Capital Partners LLC v. Regent Corporate Consulting Ltd.

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California Federal Court Granted Motion for Default Judgment in Fraudulent Carbon Credit Investment Lawsuit

Filed

United States of America

California

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Area of the economy in which actors engage in identical or related activities.

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A financial institution that manages a country's currency and can promote climate-related initiatives through green monetary policy and other means.

Either money or something of monetary value is transferred between two or more organisations, people or countries.

A long-lived, colourless gas, chiefly emitted from fossil fuel combustion, deforestation and cement production.

This sector involves the wholesale and retail selling of goods.

Activities of businesses and institutions that provide financial services and products to individuals and organisations.

Activities that relate to the production of goods and services from forests.

California Federal Court Granted Motion for Default Judgment in Fraudulent Carbon Credit Investment Lawsuit

Policy instrument

Greenhouse gas

Economic sector

Finance