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Organized Crime in Charge of EU Carbon Trade, Europol Says
NoisyRoom.net ^ | 4-27-2010 | Terresa Monroe-Hamilton

Posted on 04/27/2010 6:28:47 PM PDT by Whenifhow

First, there was Climate Gate – the scandal with hacked emails suggesting scientists have abused data for research on global warming. Now, another international climate scandal is emerging that may have an impact on the talks in Copenhagen.

Europe’s top police body Europol, the closest thing that European Union has to the American FBI, 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 organized criminal structures behind these fraud schemes.

Lets see if we can explain the scheme, using this graphic provided by Europol.

The fraud is based on a what is tax experts and investigators call as a Carousel fraud with missing traders.

This carousel generates money by stealing value added tax from governments.

The first step of the criminals is to open a trading account with a national carbon registry, in the name of a newly registered company.

From there, this company buys EU emission allowances in another country on one of the six official carbon exchanges in Europe.

After that, these emission allowances are moved to another country, and subsequently sold to an unregulated broker in yet another country.

This broker then charges VAT on these transactions but does not pay the collected VAT to the tax authorities.

Just before the tax authorities realize that this company owes them huge amounts of VAT, basically a period of a few months, the company and its owners disappear.

A new company is set up, using other front men, to repeat the carousel. Crime rings that run such schemes can have several dozen or hundreds of companies whose real owners are difficult to trace.

Basically, this type of fraud is possible because European countries continue to disagree on single market tax legislation. Carousel fraud is a constant feature in the European cross-border market and until recently only happened with shipments of valuable goods such as iPods or flat-panel tvs, not with carbon credits.

Europe’s tax commissioner, in an interview with EUX.TV, has estimated the damage from these carousel frauds at more than 60 billion euro per year as European finance minister continue to disagree on effective measures to fight this fraud.

The Emission Trading System system was set up in 2005 as part of Europe’s efforts to curb emissions of greenhouse gases. That topic now is at the top of the agenda at the UN Climate summit in Copenhagen this week and next. This unprecedented and massive fraud is likely to prove a major embarrassment for EU negotiators.


TOPICS: Crime/Corruption; Front Page News; Government; News/Current Events
KEYWORDS: climategate; globalwarming; sionnsar; taxation; vat
Organized Crime in Charge of EU Carbon Trade, Europol Says

http://www.youtube.com/watch?v=oL-e33oaI94&feature=player_embedded

1 posted on 04/27/2010 6:28:47 PM PDT by Whenifhow
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To: steelyourfaith

Ping.


2 posted on 04/27/2010 6:29:31 PM PDT by Army Air Corps (Four fried chickens and a coke)
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To: Whenifhow

Algore and Obama are in Europe now?


3 posted on 04/27/2010 6:30:34 PM PDT by Army Air Corps (Four fried chickens and a coke)
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To: Whenifhow

Organized crime, confiscatory government, Algore and IRS, who can tell the difference anymore?


4 posted on 04/27/2010 6:31:31 PM PDT by BipolarBob (Yeah, I was in rehab. I got Hooked on Phonics. Darn that Sesame Street Gang.)
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To: Whenifhow
Organized Crime in Charge of EU Carbon Trade, Europol Says

Yeah...it's called the government.

5 posted on 04/27/2010 6:32:42 PM PDT by Vigilantcitizen
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To: Army Air Corps; Defendingliberty; WL-law; Normandy; TenthAmendmentChampion; FrPR; enough_idiocy; ...
Thanx !

 


Beam me to Planet Gore !

6 posted on 04/27/2010 6:33:35 PM PDT by steelyourfaith (Warmists as "traffic light" apocalyptics: "Greens too yellow to admit they're really Reds."-Monckton)
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To: Whenifhow
The Joyce Foundation+ Barack Obama+ Chicago Climate Exchange+ Al Gore + Franklin Raines+ Carbon Credits another rip off. Bigger than Enron and Goldman-Sachs combined.
7 posted on 04/27/2010 6:34:20 PM PDT by RocketRoland
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To: Army Air Corps

Well Obama does want us to be more like Europe...now I know why. Go Glenn Beck!


8 posted on 04/27/2010 6:34:26 PM PDT by blueyon (The U. S. Constitution - read it and weep)
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To: Whenifhow
Same thing in America. Run by David Gregory's wife and team.

“Fannie Mae Chief Executive Officer Franklin Raines, two of his top underlings and select
individuals in the "green" movement were inventing a patented system to trade residential carbon credits.
Patent No. 6904336 was approved by the U.S. Patent and Trade Office on Nov. 7, 2006 --
the day after Democrats took control of Congress. Former Sen. John Sununu, R-N.H.,
criticized the award at the time, pointing out that it had "nothing to do with Fannie Mae's charter, nothing to do with making mortgages more affordable."

"It wasn't about mortgages. It was about greenbacks. The patent, which Fannie Mae confirmed it still owns with Cantor Fitzgerald subsidiary CO2e.com, gives the mortgage giant a lock on the fledgling carbon trading market, thus also giving it a major financial stake in the success of cap-and-trade legislation."

9 posted on 04/27/2010 6:38:23 PM PDT by Diogenesis (Article IV - Section 4 - The United States … shall protect each of them against Invasion)
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To: blueyon
It's remarkably easy to tie a number of American electric power generating companies with mob interests.

Not surprised at all such a thing is happening in Europe.

Remember, there's only so much sleeze the mob can peddle so they end up with a lot of cash that can't be reinvested in expanding the usual businesses (prostitution, dope, arson fraud, truck hijacking, etc.)

So, they invest in power companies, printing firms and local product delivery businesses (in many places).

10 posted on 04/27/2010 6:38:44 PM PDT by muawiyah ("Git Out The Way")
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To: Whenifhow

Al Gorepone is going to be running the racket in this country.


11 posted on 04/27/2010 6:48:58 PM PDT by FlingWingFlyer (The only people not "boycotting" Arizona are the illegal aliens! What the hell is up with that!!?)
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To: Whenifhow

ALGORE CALL YOUR OFFICE!


12 posted on 04/27/2010 7:04:04 PM PDT by jaz.357
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To: Whenifhow

Why is the story that Glenn Beck detailed yesterday not plastered all over every front page in America??

Obama/Gore/Goldman Sachs are getting ready to impose a $10 TRILLION dollar climate tax on America through the Chicago Climate Exhange (CCX) and Cap&Tax.

Goldman, Gore and others in Obummers admin are potentially going to reap 100’s of billions of dollars in profits on this scheme.

Goldman is happily playing their part as the pinata so that the Dems can use them to push through financial reform... then Goldman gets to benefit from Cap and Tax.

It’s all a game... and American citizens will be the losing team.

Watch this clip from Beck yesterday. (If you are truly limited on time, forward to 14 minutes, although 7:45 - 8:40 is very important too):

http://www.youtube.com/watch?v=UQitjq2CXS0

The video ends before he unveils the “middle” guy who facilitated the funding/founding of the Chicago Climate Exchange.

Gee, who could be from Chicago AND heavily involved with Goldman Sachs?? Hint, he also goes by the name Barry.

Don’t fall for the “financial reform hearings” circus.

It’s all just a show.

As Beck always says, “watch the other hand”... that is where the real heist is taking place!

Our entire country is getting ready to be robbed if Cap and Tax passes.


13 posted on 04/27/2010 7:25:53 PM PDT by Painesright
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To: RocketRoland

I asked this in another thread - which law enforcement agency is supposed to be investigating all this? Have they all gone on vacation?


14 posted on 04/27/2010 7:30:49 PM PDT by Pining_4_TX
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To: Pining_4_TX

Don Gorelioni of the Tennessee Mafia.


15 posted on 04/27/2010 7:39:56 PM PDT by outhousepatrol
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To: Whenifhow
do I really have to say it???

16 posted on 04/27/2010 7:51:08 PM PDT by Chode (American Hedonist *DTOM* -ww- NO Pity for the LAZY)
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To: Whenifhow

and gore is the godfather??


17 posted on 04/27/2010 8:06:50 PM PDT by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-Qaeda" and its allies.)
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To: Painesright

The media is the prison girlfriend of The One.


18 posted on 04/27/2010 8:12:57 PM PDT by Army Air Corps (Four fried chickens and a coke)
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To: RocketRoland

The Chicago mob is in charge of CCX, why should Europe be different?


19 posted on 04/27/2010 8:42:22 PM PDT by depressed in 06 (2012, the end of our long national nightmare.)
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To: Whenifhow

Carbon trade IS organized crime. Legal organized crime.


20 posted on 04/27/2010 8:44:36 PM PDT by HereInTheHeartland (Chairman Mao was a community organizer)
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To: Whenifhow
I think that private sector organized crime has been embarrassed by their fellow organized crime crooks in the government sector.

Forcing people to buy nothing, for real money is their dream.

21 posted on 04/27/2010 8:45:04 PM PDT by RJL
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To: Whenifhow

The EU is organized crime.


22 posted on 04/27/2010 8:45:30 PM PDT by Rocky (REPEAL IT!)
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To: Whenifhow

Seems we have a global con game based upon Global Warming, and carbon tax schemes.


23 posted on 04/27/2010 8:57:49 PM PDT by rockinqsranch (Dems, Libs, Socialists...Call 'em What you Will, They ALL have Fairies Living In Their Trees.)
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To: steelyourfaith

Would you kindly add me to your distribution list.


24 posted on 04/27/2010 10:02:11 PM PDT by Nipfan (The desire to save humanity is always a false front for the urge to rule it - H L Mencken)
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To: Pining_4_TX

They haven’t gone on vacation — the thief is their boss!


25 posted on 04/27/2010 10:31:10 PM PDT by SatinDoll (NO Foreign Nationals as our President!!)
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To: Nipfan

My pleasure. Welcome aboard.


26 posted on 04/28/2010 2:46:21 AM PDT by steelyourfaith (Warmists as "traffic light" apocalyptics: "Greens too yellow to admit they're really Reds."-Monckton)
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To: Pining_4_TX
We have a regime in DC that picks and chooses those they are against to investigate. They fail to protect our borders and go after Americans who wish to protect themselves. They allow voter intimidation to go unchecked. ( Philadelphia last election). They have lawyers in the Justice Department that volunteered to defend terrorist and now go after American citizens. They are keep Major Hasan’s investigation even away from Congress. We have a dictatorship in the making.
27 posted on 04/28/2010 6:05:46 AM PDT by RocketRoland
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To: Army Air Corps

>>> Algore and Obama are in Europe now?

Is it snowing there?


28 posted on 04/28/2010 6:13:09 AM PDT by AFreeBird
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