Green Assets Global: A Fake “ESG Fund” Unwound to 53% Recovery

Green Assets Global wrapped an old scam in a modern theme: a “sustainable carbon-credit fund” paying steady green returns. A Singapore investor liked the mission. The fund held nothing but new deposits.

How it started

A.N., 45, was invited to a polished webinar on “ESG yield.” She subscribed to “fund units,” paying by bank transfer and USDT, and received glossy quarterly “statements.”

Where it went wrong

Redemptions required a “sustainability compliance fee,” then a “fund-exit levy.” The statements were fabricated; the fund had no real carbon assets and no custodian.

“The reports looked institutional — logos, NAV figures, the lot. None of it was real.”

The recovery, step by step

1. We checked for a real custodianThere was none — a fatal flaw for any legitimate fund, and the core of our evidence.
2. We traced both railsWe followed the USDT to an off-ramp and prepared a bank recall for the transfers.
3. We documented the fake statementsThe fabricated NAV reports supported the deception claim.
4. We filed freeze and recall requestsSent to the receiving exchange and her bank simultaneously.
5. We recovered the reachable fundsA bank recall plus a partial USDT hold returned $35,200.

Warning signs we flagged

• An “investment fund” with no named, verifiable custodian.
• Fees to “comply” or “exit” before redeeming.
• Professional-looking statements that can’t be independently confirmed.
• On-trend themes (ESG, carbon, AI) used to add credibility.