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International Business Times UK
International Business Times UK
Politics
Karan Kaushik

£70m Tree-Planting Scam: Fraudsters Bought Supercars and Yacht With Cash From Shocking Con

Matthew Pickard, Stephen Greenaway and Paul Laver (Credit: Serious Fraud Office/GOV.UK)

Three fraudsters who used money from a £70 million tree-planting investment scam to fund supercars, luxury homes and a yacht have been jailed, after thousands of investors were left facing devastating losses.

Matthew Pickard, Stephen Greenaway and Paul Laver persuaded about 3,000 people, including many pensioners, to put savings and pension money into Ethical Forestry Ltd, promising substantial returns from tree plantations in Costa Rica.

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