"The license to run an embattled Dubai-based carbon trader Advanced Global Trading is about to expire, Rebel Economy has discovered, casting more doubt over this company’s plans to continue operating.
AGT, which Rebel Economy wrote about last week, has attracted suspicion for being an alleged boiler-room operation, where high pressure tactics such as cold-calling are used to sell a product that is often of little value.
The company, headed by British businessman Charles Stephenson, claims to sell claim to sell carbon credits to individuals with the promise of high returns, even though experts say there is no economic reason to invest in such a product other than to offset your carbon footprint."
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