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Nigel Brereton says:
It’s a good income source for organised crime since the need for registration details was relaxed.
Set up as a trader, no details required, buy carbon credits with funds obtained by illegal methods, sell them on to unsuspecting individuals and charge tham the Value Added Tax that is required but don’t pass it back into the revenue system.
Benefits are many fold, laundering of drugs money with an added bonus of the VAT payment. If they get traced and found they get fined. If they are caught with drugs they get jailed so the risk to ‘business’ lessens.
Reports by some news outlets suggest figures of 90% of trading in 2009 fell into this ‘business’ plan.
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Richard Heg says:
On the subject of fraud, from the BBC today:
Fraudsters are targeting climate scientists with fake conferences in a bid to make cash and obtain details.
http://www.bbc.co.uk/news/science-environment-12219472