A Carbon Credit is a generic term for any tradable certificate representing the right to emit a certain amount of carbon dioxide or greenhouse gas. It allows a company to lower their carbon footprint on a voluntary basis. Carbon Credit Fraud was prevalent a few years ago and a continued onslaught of prosecutions has limited those willing to even take the chance.
The trading of Carbon Credits is not necessarily illegal per se. Carbon Credits are lawfully traded by multi-national corporations. However, Carbon Credits can only be traded successfully (i.e. at a competitive rate) in large amounts, therefore single investors who purchased a small amount of credits from call centres found them almost worthless when trying to compete on the market where large companies were trading Carbon Credits by the millions.
The Fraud and deception element can be erected by scrupulous police investigators who often interview those investors experiencing significant losses. Our Fraud Solicitors' experience dictates that investors afraid of losing their capital owing to market conditions will happily over-play the allegation in return for promises from the police that their funds 'could' be returned to them.
Police will usually not only bring in the owners, organisers and managers of the business but also those floor workers responsible for selling the credits and cold-calling potential investors. The employees of the business are unlikely to be aware whether they are selling Carbon Credits as a genuine investment product or whether the enterprise was dishonest.
If you are in the position of being investigated or you worked at a 'floor' that is being investigated, we urge you to seek early advice. Our advice at this stage will increase your chances of avoiding prosecution altogether and we have recently had success in two such cases which can be found in our Fraud Cases section.
Our Fraud Solicitors will scrutinise the prosecution investigation or prosecution. We will prepare against any of your former colleagues providing prosecution evidence against you or giving evidence which is detrimental to your case. We will collect all favourable defence material to support and strengthen your case and we will instruct forensic and financial experts required to spread credibility over you defence case.
If you are served with Restraint Orders, your Property is Seized or your Cash Detained; you will require specialist advice from commercially savvy Lawyers. We will defend you from the start of the case to the end, including Confiscation Proceedings if you are convicted.
Whether you are facing allegations of Fraud by False Representation, Fraud by Failing to Disclose Information, Making or Supplying Articles for use in Fraud or on the larger end of the spectrum, for Conspiracy to Defraud or Money Laundering; please Contact Us and ask to speak to our Fraud Lawyers. We can arrange to speak to you in person, online or by telephone. If you prefer, you can WhatsApp us from the link you will find at the bottom banner if you open this page on your mobile phone device.