The Forest Mafia: How Scammers Steal Millions Through Carbon Markets
When the product is invisible, the cons are endless.
Publisher: The Atlantic
Date Written: 11/10/2013
Year Published: 2013
Resource Type: Article
Cx Number: CX15509
International law enforcement authorities and environmental advocates say that the carbon markets are extremely vulnerable to financial fraudsters, especially when it comes to forest projects. Their shell games can also be hard to spot. Authorities have concluded that up to 90% of all carbon trading in some countries was a result of fraudulent activities.