telegraph.co.uk— According to a new report, climate change criminals have pocketed almost 5 billion Euros by manipulating Europe?s carbon trading ?market.?
Dec 11, 2009View in Crawl 4
Report by Raymond Frenken, EUX.TVEuropol: Organized Crime in Charge of EU Carbon Trade<a class="user" href="http://www.youtube.com/watch?v=oL-e33oaI94" rel="nofollow">http://www.youtube.com/watch?v=oL-e33oaI94</a>Europes top police body Europol... has exposed a massive fraud with the unions official market in carbon credits, the Emission Trading System. The fraud is costing tax payers in a handful of European countries more than five billion euro - 7 billion dollars - and raises doubts about the effectiveness of carbon trading as a measure to curb emissions. Europol director Rob Wainwright issued the following statement:These criminal activities endanger the credibility of the European Union Emission Trading System and lead to the loss of significant tax revenue for governments.Police authorities in Belgium, Denmark, France, the Netherlands, Spain and the United Kingdom have worked together in what Europol calls a process to identify and disrupt the organised criminal structures behind these fraud schemes.The fraud is based on what tax experts and investigators call as a Carroussel fraud with missing traders. This carroussel generates money by stealing value added tax from governments.
Closed AccountDec 11, 2009
I CAN'T WAIT until I can do this here!
hidethedeclineDec 11, 2009
Report by Raymond Frenken, EUX.TVEuropol: Organized Crime in Charge of EU Carbon Trade<a class="user" href="http://www.youtube.com/watch?v=oL-e33oaI94" rel="nofollow">http://www.youtube.com/watch?v=oL-e33oaI94</a>Europes top police body Europol... has exposed a massive fraud with the unions official market in carbon credits, the Emission Trading System. The fraud is costing tax payers in a handful of European countries more than five billion euro - 7 billion dollars - and raises doubts about the effectiveness of carbon trading as a measure to curb emissions. Europol director Rob Wainwright issued the following statement:These criminal activities endanger the credibility of the European Union Emission Trading System and lead to the loss of significant tax revenue for governments.Police authorities in Belgium, Denmark, France, the Netherlands, Spain and the United Kingdom have worked together in what Europol calls a process to identify and disrupt the organised criminal structures behind these fraud schemes.The fraud is based on what tax experts and investigators call as a Carroussel fraud with missing traders. This carroussel generates money by stealing value added tax from governments.