(December 21, 2012) As carbon credit fraud continues to escalate, five employees at Germany’s biggest money lender have been accused of money laundering or obstruction of justice in relation to a carbon trading scheme. In related news, the UK’s Financial Services Authority is now asking anyone who has invested in carbon credits to fill in an online survey, in an effort to better illuminate the problem of fraud. Meanwhile, a new interactive map has been launched by the International Carbon Action Partnership (ICAP) and Ecofys to show the status of emissions trading schemes around the world.
U.K. carbon credit tax scammers get stiff sentences
(June 19, 2012) Three men have been sentenced to lengthy prison sentences for running a carbon credit tax racket that cheated U.K. taxpayers out of 39 million pounds ($US60 million) in just 69 days.
Europe’s largest emissions-related tax fraud lands six in jail
(December 21, 2011) One of the European Union’s largest probes into carbon credit tax fraud places six traders from Britain, Germany and France behind bars.