Apr 30, 2010 ... At least 25 people have been arrested in U.K. and German probes ... The U.K. Revenue & Customs office, or HMRC, also raided 81 premises in the U.K., said Hall. ... None of the people arrested in Germany work at Deutsche Bank, Wittig said ... ($58 million) tax fraud related to carbon credits trading. ...
Apr 30, 2010 ... The U.K. Revenue & Customs office, or HMRC, also raided 81 premises in the U.K., said Hall. ... None of the people arrested in Germany work at Deutsche Bank, Wittig said. ... The U.K., France and the Netherlands have said they're ... ($58 million) tax fraud related to carbon credits trading. ...
Apr 30, 2010 ... Prosecutors confirm that four arrests have been made in €180m fraud ... German prosecutors today confirmed they have arrested four people in Germany and the UK following raids on ... Offices of Deutsche Bank and RWE raided in investigation of ... Europe proposes carbon trading VAT fraud crackdown ...
BACKGROUND, First Wind, Cape Wind connections to IVPC and UPC:
The driver behind IVPC is US wind developer UPC through its UPC International Partnership CV…”
Brian Caffyn is the inaugural chairman of UPC, and the original investor in Cape Wind and Italian Vento Power Corporation, IVPC. First Wind (a UPC company) CEO and President Paul Gaynor is Mass Governor Deval Patrick's appointed Advisor on renewable energy and efficiency.
"As president and CEO of UPC Wind Management, located in Newton, Mass., Gaynor was tapped to bring the success of the parent company, UPC Group, to North America."
Boston Business Journal (4/18/05)
"As James Gordon creeps closer to fulfilling his vision of a windmill power farm off Cape Cod, his erstwhile partner, Brian Caffyn, still faces headwinds in his efforts to plant turbines on Hardscrabble Mountain in Vermont and other peaks and plains across the country.
Caffyn, a Babson College graduate, is unaccustomed to wind projects getting mired in the doldrums.He founded UPC Group in Europe several years ago, and in 2000 a subsidiary completed what then was one of the world's largest wind plants, a 170 megawatt plant near Naples, Italy, that cost $260 million.It then put together a $325 million syndicate for more windmills in Italy."
"Mr. Caffyn personally oversaw the establishment and construction of the largest wind energy company in Italy, Italian Vento Power Corporation."
“Gone with the wind”, mounted by the finance ministry’s anti-fraud police, started in 2007 and began by blocking public subsidies worth €9.4m ($14m, £8.4m) granted by the ministry for economic development. Last year police confiscated seven wind farms with 185 turbines in Sicily linked to IVPC."
"Who are these guys, Cape Wind, EMI, UPC, First Wind, IVPC?" (compilation of news reports):