Energy Company Claim Offering 12% Returns - Fact or Deception? (Tony Hetherington Investigation)
Terra Firma Energy, a company known for its involvement in hydrogen energy projects and proactive environmental initiatives, has been under scrutiny due to questions about its investment reliability and ethical conduct.
Recent reports have linked Terra Firma Energy's business development manager, Dan Keenan, to money laundering and other financial crimes, as well as his association with a major drug dealer. Keenan was jailed for 11 years, but has since left the company by mutual agreement, according to sources. However, his LinkedIn page still states he is TFE's full-time business development manager.
Another individual connected to Terra Firma Energy is Stephen Leary, who is currently banned for 14 years from acting as a director of any limited company due to his role in an investment scam. Despite this ban, Leary is not banned from recruiting investors for TFE. Leary was also linked to two disreputable stockbrokers and marketed loan bonds issued by Platinum Assets And Developments (PAD).
William Davies, who became a director of one of the Terra Firma Energy (TFE) group of companies and now sits on the board of four TFE businesses, has a questionable past. Davies was once an investment adviser at Beaufort Securities, a disreputable stockbroking company, and was fined £90,000 by the Financial Conduct Authority in 2006. He also ran Finance firm Salesian Consultants Ltd, which he put into liquidation in 2019.
In addition, Stonehold Investment, where TFE investment was spotted, is actually TFE using a different name. Stonehold Investment claimed to be 'award winners' and 'trusted by 123,000 investors', but the awards and the number of investors were not specified.
Peter Eagle, the managing director of the failed Platinum Energy Solutions, became a director of Terra Firma Energy in 2020 until quitting in 2021.
TFE's assets had participated in the electricity market, according to their statement. However, their website claims to be in partnership with National Grid, but National Grid stated that TFE sells power to the electricity grid, not to National Grid.
TFE's lawyers admitted that erroneous claims about Stonehold appeared in Google results and promised to correct them. Despite requests, TFE failed to reply when asked about Stonehold and its personnel.
Despite Terra Firma Energy's involvement in public projects, which may reflect operational legitimacy, there is a lack of information on financial reports, transparency statements, ethical violations, or controversies related to Terra Firma Energy or its key personnel in the search results.
To assess whether Terra Firma Energy is a reliable investment company with a history of transparency and ethics, one would need independent financial audits or reports, regulatory compliance records, background checks on executives and founders, reviews or warnings from financial authorities, and historical information on investment schemes or any legal disputes. Since none of these are present in the provided data, it is not possible to conclude on the company's investment reliability or ethical conduct based on current search results.
If you are considering investing, it's advisable to conduct further due diligence via official company filings and regulatory disclosures, financial news and independent analyst reports, investor reviews or watchdog reports, and background checks on management personnel through credible business databases.
Without such evidence, an informed judgment on Terra Firma Energy's investment reliability cannot be provided. It's crucial for potential investors to exercise caution and thoroughness when making investment decisions.
Investing in Terra Firma Energy (TFE) raises questions about its investment reliability due to the controversies linked to several of its key personnel, such as the business development manager, Dan Keenan, who was jailed for financial crimes, and Stephen Leary, who is banned from acting as a director of any limited company due to an investment scam. Furthermore, TFE's financial transparency is questionable, as there is a lack of information on financial reports, regulatory compliance, or ethical violations that one would expect to find in a reliable investment company. Thus, for potential investors, it's crucial to conduct further due diligence and exercise caution in making their decisions.
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