Carbon Fraud: Tango with Deutsche Bank

By alpha, on March 12th, 2011%

Carbon Fraud: Tango with Deutsche Bank Monday, 07 March 2011 12:06 Klaus Ott, Süddeutsche Zeitung

The damage could be at an incredible 850 million Euros. Fraudsters have ripped off the German government with the help of fraudulent emission allowances. In the middle: Deutsche Bank.

Prosecutors and tax investigators can be quite imaginative. They like to find imaginative names for special operations.

In Frankfurt, a special commission, named after the Germanic god Odin, is investigating suspects . . . → Read More: Carbon Fraud: Tango with Deutsche Bank

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German Prosecutor Confirms Tax-Fraud Damage : 850 millions euros !

By alpha, on March 10th, 2011%

Germany lost (at least) 850 millions in the VAT Fraud ! This is far more than the 200 millions precedently cited… The 5 billion counter should now be closer to 10 or 15 billions… Who are the happy thieves of this

Wall Street Journal – EUROPE NEWS – MARCH 7, 2011, 2:03 P.M. ET – By JAN HROMADKO

FRANKFURT—Prosecutors confirmed Monday that value-added-tax fraud in the trade of carbon-dioxide emissions has deprived the German . . . → Read More: German Prosecutor Confirms Tax-Fraud Damage : 850 millions euros !

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