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 [...]

Germany state-owned bank and several corporate offices raided over wind energy investigation into alleged mafia money laundering

The EU investigation into the use of wind farms to launder proceeds of crime widened today with several police raids in Austria and Germany, including a raid on the offices of the state-owned bank, HSH Nordbank. The Nordbank financed several wind farms, including one in Calabria, Italy, alleged to have been erected and operated as a [...]

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 [...]

“The Windfather” – Another report finds wind and renewable energy projects controlled by organized crime to launder money

Europol report ties mafia to renewable energy This week, Europol released yet another report tying the financing, development and operation of renewable energy projects, particularly wind energy infrastructure projects, to organized crime in Europe. The latest Europol report follows on the heels of an earlier one, the “Serious & Organized Crime Threat Assessment 2013″, which [...]