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US CFTC files first voluntary carbon credits fraud cases, against Kenneth Newcombe, CQC Impact Investors, ex-COO of CQC

( October 2, 2024, 21:45 GMT | Official Statement) -- MLex Summary: The US Commodity Futures Trading Commission filed its first fraud cases in the voluntary carbon credit market, against Kenneth Newcombe, the former chief executive of a carbon credit project developer; CQC Impact Investors; and Jason Steele, CQC's former chief operating officer. CQC and Steele admitted to the fraudulent conduct alleged by the CFTC, and CQC agreed to pay $1 million.Statement follows below:...

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