Wednesday, December 21, 2011

Carbon Fraud arrests

Germany has finally arrested a bunch of guys that were committing Value Added Tax fraud with carbon credits. This fraud had really hurt the carbon market and some exchanges have come up short in their efforts to protect against it.

But some enterprising brokers and banks - with poor controls - have now been put in the highly-suspect category, but are still operating.

Call me if you wish to get more information on this.

Dan

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