Carbon credit fraud is one of the latest investment frauds seen cropping up recently, as we see scams exposed worldwide where businesses use boiler room tactics to sell carbon credits for inflated prices as investment opportunities, promising massive returns, when in reality, no such investment potential exists. We are also seeing what is known as ‘missing trader intra-community fraud’ (MTIC) or carousel fraud; the theft of VAT from a government, by exploiting multi-jurisdictional trading where the movement of goods between jurisdictions is VAT-free. The fraud involves the trader exporting carbon credits free of value-added tax (VAT) from one EU member state to another and then selling the carbon credits with VAT added on, keeping the VAT for themselves.
Although trading carbon credits is entirely legitimate, scamming in the industry may lead to many people involved in this type of business being investigated. We can provide expert representation and advice for those involved in financial investigations for carbon credit fraud. Read about our Carbon Credit Fraud Defence here for more information on how we can help.
Stephen Lickrish & Associates – Expert Carbon Credit Scam Defence Solicitors Manchester
At Stephen Lickrish & Associates, our defence team takes pride in protecting our clients’ rights and ensuring the authorities exercise their powers lawfully. If you require assistance with any fraud investigation or prosecution matter, please contact us as soon as possible. Our strategic and proactive approach, from carrying out our own forensic investigations to deploying highly effective negotiation and advocacy skills, has resulted in notable successes for our clients.
For expert HMRC investigation or CPS prosecution defence advice, please contact us using our enquiry form, or call our 24-hour free-phone number 0800 988 64 22 or our office on 0161 237 1913.