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Industry News & Trends / Aquaculture Research / Europe
on April 3, 2019

3 guilty in fraudulent aquaculture venture

Grants issued to program that falsely promised to boost local economy

Three men have pleaded guilty in Cardiff Crown Court in Wales in connection with a scheme to defraud the EU and Welsh governments while promising “to make Wales a world leader in the aquaculture industry.”

Anthony Smith, 72, claimed GBP4.7 million (US$6.2 million) in grants to develop an alternative…

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