Carbon-Credit Sellers Say Investments Were Legit, Jury Told

Law360, London (May 3, 2019, 8:42 PM BST) -- Eight men accused of running a carbon-emission credits scheme that conned investors out of £7 million ($9.2 million) told investigators that they believed their business dealings were legitimate, a London jury heard Friday during the second day of the fraud trial.

Jane Osborne of 2 Harcourt Buildings, representing the Crown Prosecution Service, told jurors that the eight men would not be presenting opening trial statements and outlined their stated defenses instead.

When interviewed by investigators, all of the defendants came with lawyers and several refused to speak about their roles in the carbon-credit investment scheme, she said, adding that the prosecution...

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