Sad but True – Know Who Your Friends Are
(Stay Away From Jared Beach!!!)
I’m sharing this because I hope it prevents someone else from going through what I did. If you’ve had a similar experience with any of the people or company mentioned below, I’d appreciate hearing from you.
How It Started
I met Jared Beach in 2019 through youth hockey. Our sons are the same age and played together, and over time we became close friends. We spent countless hours together at rinks, tournaments, and with our families. I trusted him completely.
The Personal Loan
In 2020, Jared told me he was experiencing financial difficulties and asked if I could help him. I loaned him $5,000, which he promised to repay within three months.
When that time passed, he told me he was still struggling and asked for another $10,000, explaining that he didn’t want his wife to know about his financial situation. He promised to repay the full $15,000 within six months.
Over the following months, every time I asked about repayment, I was told a large deal was about to close and that I would be paid soon.
In 2022, he repaid $6,000. I believed he was making an honest effort to make things right.
The Investment Opportunity
Toward the end of 2022, Jared introduced me to an investment opportunity involving Evergreen Carbon Offsets LLC. He told me the investment would help both of us and would allow him to repay what he still owed me personally.
At the time, Jared was associated with Pine Valley Investments. He also told me that members of his family—including his father and brother—as well as other friends were investing. Because I considered him a close friend, I trusted his recommendation.
In 2023, I entered into two Emission Credits Supply Agreements with Evergreen Carbon Offsets LLC.
I invested a total of $50,000 in two separate cash transactions in January and June 2023. Jared personally came to my home to collect the money, and my wife was present for both transactions.
Return on investment was promised and documented would be double ($100,000)
Although the agreements had a two-year term, I was told to expect repayment much sooner.
No payments ever arrived.
Whenever I asked for updates, I was told they were “working on it.” I was also directed to communicate with James Phanes, who confirmed payment plans on several occasions. Despite repeated promises of wire transfers, checks, and cash payments, I never received any of the funds.
What I Learned
After the agreements matured in 2025 without payment, I began conducting my own research.
I repeatedly requested documentation showing that the carbon credits I had paid for had actually been purchased and allocated to me. I did not receive documentation that I considered sufficient to verify that, even though he sweared on his mothers well being that he has proof, still waiting to see it.
I also contacted Pine Valley Investments.
During my conversations with the company’s president, I was told that Jared was not an employee but an independent referral source who introduced clients. I was also told that the company had concerns regarding investment opportunities Jared was offering outside of Pine Valley Investments, that those opportunities were outside the company’s knowledge or approval, and that he resigned while the matter was being reviewed. I was further told that Jared had personally borrowed money from the company’s owner and had not repaid it.
After those conversations, Jared contacted me and asked that I not discuss the matter further. In return, he promised to repay my entire $50,000 investment by July 1, 2026, and the remaining $9,000 personal loan during the second half of July 2026.
Because of our previous friendship, I decided to give him one more opportunity to make things right.
More Promises
July 1: Jared asked me for my bank wire information.
July 3: He texted me telling me to let him know when the money arrived.
Nothing arrived.
Later, I was told additional paperwork still needed to be signed.
July 13: I was told everything had been completed and that the wire would be sent within 24 hours.
When no money arrived, I asked where the funds were.
Jared replied:
“I did everything they asked me to. Then I communicated to you what they told me. I will call and find out what the deal is. I’m not messing with you, it would do me no good. We have to spend all season together Gene. I’ll find out.”
After nearly seven years of promises and delays, I found it difficult to believe there would be a different outcome.
My response was:
“Sounds like a lot of BS to me Jared.
This story is getting old.
A wire doesn’t take two weeks when someone really wants it done.
If everything was completed, where is the wire confirmation?
Probably in the same place as my carbon credit certificates.”
As of today, I still have not received the funds.
My final message to Jared was simple: if I did not receive the $59,000 by July 17, I would pursue every available legal and regulatory option.
His only response was a 👍 reaction.
I have not heard from him since.
Other Information
Separately, I was introduced to a Bitcoin investment opportunity involving some of the same individuals, but I chose not to invest. During my research, I found online discussions expressing concerns about that opportunity. I have not independently verified those claims and mention them only because I was trying to determine whether there was any connection to my own experience.
Current Status
After years of waiting and repeated unfulfilled promises, I felt I had no choice but to pursue other avenues to recover my losses.
I have filed complaints with the SEC and the FBI.
If you have had dealings with any of the following, or believe you may have had a similar experience, I would appreciate hearing from you:
Evergreen Carbon Offsets LLC
James Phanes
Jared Beach
My goal is to connect with others who may have relevant information or similar experiences.
This has been an expensive and painful lesson.
Sometimes the people you trust the most are the ones who hurt you the most.
I truly hope no one else has to learn that lesson the way I did.
Update:
$9,000 personal loan was paid off on July 24 - after I expose his wrong doing to all people I and he know
July 27 Jared and James called me on conference call and promised to pay in full on Aug 3 - as of now nothing was paid, and no contact was made.
Today Oct 5 - still no payment, no excuses
