Fraudsters who pretended money grew on trees lived in fabulous luxury

Three fraudsters who blew millions of pounds on supercars while promising investors ‘huge’ returns on a £70m green investment scheme are facing year in jail. More than 3,000 backers lost over £12,000 each after putting their hard-earned money into high-minded Ethical Forestry Limited (EFL), a Bournemouth-based company which ran tree plantations in Costa Rica. Eco-conscious investors who were promised profits way above their pensions for ‘making the world a better place’ never saw genuine returns after they were paid off…