February 26, 2021

Former biodiesel trader charged under POCA and the Fraud Act 2006

In connection with an ongoing investigation of Greenergy Fuels Limited, the UK Serious Fraud Office has charged Gianni Rivera with one count of being concerned in an arrangement that facilitated the acquisition, retention, use or control of criminal property by another person, contrary to section 328(1) of the Proceeds of Crime Act 2002.  Rivera is also charged with two counts of fraud contrary to section 1 of the Fraud Act 2006.

The SFO alleges that while working as a trader for Greenergy, Rivera received payments from the director of Biodiesel Kampen BV, a Netherlands trading company, and then transferred a portion of the payments to companies tied to the director of Biodiesel Kampen.

In May 2019, the SFO opened a joint investigation with Dutch authorities into the conduct of Greenergy and several third parties. 

SFO news release