Omari Bowers is facing multiple offences; including three counts of conspiracy to defraud, four for forgery, one for misconduct in the course of winding up contrary to the Insolvency Act, and one for making a false statement.
They relate to allege frauds concerning Global Forestry Investments between August 2010 and December 2015.
He is due to appear in court on 2 August 2019.
In poor company
Bowers’ arrest comes shortly after his former colleague Andrew Skeene was detained at Heathrow Airport on 29 June.
Both face the same charges.
The minimum investment in the Brazilian teak plantation, according to a brochure still available online, was £5,000 ($6,260, €5,579).
It bought the investor one plot containing around 100 trees.
The scheme was promoted as being Sipp-compatible, with a minimum 10% return on investment per annum.