Executive of Canadian renewable company pleads guilty in US to money laundering over renewable energy fraud in first Canadian-related renewable energy fraud case

By Christine Duhaime, BA, JD, Certified Financial Crime & Anti-Money Laundering Compliance Specialist Canadian Company Executives Pleads Guilty to Renewable Energy Money Laundering Conspiracy & Fraud Nathan Stoliar, a prominent Australian executive, has pleaded guilty in the US to several criminal charges including money laundering conspiracy, for selling fraudulent renewable energy credits, similar in some [...]

L’investigation de la fraude de $1.6B au marché du carbone en France continue en Israel

Blanchiment d’argent La police israélienne assist la France dans l’enquête sur des faits de blanchiment d’argent concernant le scandale de la fraude au marché du carbone en France qui aurait coûté 1,6B d’euros au Trésor public. Le scam consistait à acheter hors taxes aux Pays-bas des quotas de CO2 créés dans le cadre de la bourse d’échange née du [...]

Two UK men convicted of money laundering in connection with carbon fraud in one of first green collar convictions

One of first green collar crime convictions Two men in the U.K. were convicted this week of money laundering and fraud in one of the first green collar crime cases, and certainly one of the first cases involving Canada. The two men, David John Downes and Ian David Macdonald, sold shares in entities which claimed [...]

Deutsche Bank offices raided over money laundering and carbon trading investigation

Carbon market fraud investigation The offices of Deutsche Bank were raided today in Frankfurt by German authorities in connection with an investigation commenced in 2010 over carbon market trading fraud, tax evasion, money laundering and obstruction of justice. Approximately 500 police and tax officials participated in the raid at the headquarters of Deutsche Bank in [...]