An investment that is environmentally friendly and that also offers good returns is attractive to most investors. This is exactly what Ethical Forestry offered with its Costa Rican tree plantation investment scheme.
It didn’t work out, however, with most investors losing almost all their money. Many of those investors were mis-sold as financial advisors promoted the scheme as being suitable for a pension. Mis-selling took place because advisors did not explain the full extent of the risks involved in making this type of investment.
If You Invested in Ethical Forestry, Contact Us to See If You Can Make a Claim
Were you one of the 3,000+ people who invested in Ethical Forestry? A liquidator is now managing the scheme, so you have probably lost most, if not all, your money.
There are still ways of getting your money back, though, with the right help and advice. Get that help by leaving your number and a member of the Goodwin Barrett team will get back to you.
What Was Ethical Forestry and What Went Wrong?
So, what was the Ethical Forestry investment? It involved tree plantations in Costa Rica.
Investors bought trees in plots of 600. The investments were sold as being environmentally sustainable as well as offering high returns. In fact, the promised involved turning an £18,000 investment into £100,000 over 12 years.
Many investors were not fully told of all the risks involved in this investment, however. These risks included everything from adverse weather to disease to Costa Rican politics, all of which could impact the potential harvest and, therefore, the investment return.
You may have lost your money, but you may still be able to make a claim. Get in touch to speak to one of our advisors today.