Carbon Credit Fraud
Stuart Miller Solicitors are experienced and tactful in dealing with allegations of Fraud involving Boiler Rooms, shares and Carbon Credits.
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.
The trading of Carbon Credits is not necessarily illegal per se and neither does it represent a False Representation. 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 Lawyers' 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 only bring in the owners, organisers and managers but also those floor workers responsible for selling the shares. For all the employees of the business are aware, they are selling a legitimate product capable of making significant profits for their clients and an intervention by the police usually comes as a huge surprise.
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.
In such complex and intimidating investigations or prosecutions, you will require skilful advice at every juncture. We will offer you a free consultation for you to discuss your case with us. We can act for you at the police station for free and thereafter, we can help assess your financial eligibility for legal aid. We believe, no matter what your financial position, if you are prosecuted by the State, you must also be defended with funds by the State. Please contact the Serious Fraud team to arrange your meeting, whether face to face, online or by telephone.