Now we get Europol’s announcement that carousel fraud has cost EU taxpayers €5 billion:

The European Union (EU) Emission Trading System (ETS) has been the victim of fraudulent traders in the past 18 months. This resulted in losses of approximately 5 billion euros for several national tax revenues. It is estimated that in some countries, up to 90% of the whole market volume was caused by fraudulent activities.

As a fellow blogger remarked on my first posting on this subject:

Wow. Just wow.

If government itself can no longer stick to its own rules and is somehow mutating into a phenomenon to enable vast criminal conspiracy, how would we know?