Wolves in green suits: How environmental commodities traders Bram Bastiaansen and  Jaap Janssen reaped the system
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In The Wolf of Wall Street, Leonardo DiCaprio’s character Jordan Belfort built a high-octane empire selling dubious stock to unsuspecting clients. In return, he made a lot of money and lived large on lies, drugs, and manipulation. Some people may think such a financial atrocity is impossible in the 21st century. But across Amsterdam’s elite […]

According to a 2024 investigation by Follow the Money, both firms allegedly sold environmental products (carbon credits, Guarantees of Origin, biofuel certificates) that might be a hoax. In one case, ACT was alleged to have bought thousands of carbon credits from a Zimbabwean forest project later revealed to be largely fictional. Over 60% of the credits were flawed. Their competitor STX followed similar trails, allegedly selling large volumes of near-worthless carbon credits despite warnings from market analysts.