Green Money Laundering

The Telegraph  reports that the green carbon emissions scam is not only lining the pockets of the usual big money phonies, but as well is proving a wonderful vehicle for the Mafia and other criminals to launder their ill-gotten gains:

"Attracted by the prospect of generous grants designed to boost the use of alternative energies, the so-called "eco Mafia" has begun fraudulently creaming off millions of euros from both the Italian government and the European Union. And nowhere has the industry's reputation become more tarnished than Sicily, where windmills now dot the horizon in Mafia strongholds like Corleone, the town better known as the setting for the Godfather films. "Nothing earns more than a wind farm," said Edoardo Zanchini, an environmental campaigner who has investigated Mafia infiltration of the industry. "Anything that creates wealth interests the Mafia." It is not just Italian criminals, however, who have spotted the potential for corruption. Recent research by Kroll, the international corporate security firm, has discovered examples all over Europe of so-called "clean energy" schemes being used to to line criminals' pockets rather than save the planet. Some involve windmills that stand derelict or are simply never built, while others are used to launder profits from other crime enterprises... Further afield, scandals have emerged in Spain, Romania, Bulgaria and Corsica, among others. In one alleged scam on the Canary Islands, a mayor, five officials and two developers are fighting criminal charges that include abuse of office, bribery and misappropriation of land in an attempt to secure EU subsidies. One case in Spain, meanwhile, involved a solar energy plant which claimed, miraculously, to be generating electricity at night. Investigators found that that the power was in fact being produced by diesel generators - the "green" subsidies paid for the plant were so generous that the owners still made a handsome profit. As well as the prospect of fraudulent grant money, wind farms are also attractive to criminals seeking to invest money from illegal activities such as drug dealing, prostitution and illegal waste dumping. ..."It has been a matter of policy in the wind farm industry to make the financing of it both opaque and complicated," said Mr Etherington. "In all countries across Europe the customer is not told how much they are paying for it, and the whole financing of the industry is coming out of subsidy on electricity generation."

h/t: Maggie Petito


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