Tweet 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 ways to carbon credits, from Canada to American companies. Although the case was not prosecuted in Canada, it is the first Canadian instance of renewable […]
Tweet 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 […]
Tweet 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 to own carbon credits, raising upwards […]
Tweet 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 […]
Tweet Carbon Trading conviction for money laundering A French Criminal Court has convicted and sentenced five people for money laundering for defrauding the European Union’s carbon trading system of 1.8 billion Euro over loss tax revenue. The defendants were arrested as part of a French investigation into money laundering, fraud and tax evasion in the […]