In Memoriam: James Barnes
The trade world was saddened by the news of the loss of one of our own: Jim Barnes. Below are
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A 75-year old disbarred attorney and convicted felon from California pleaded guilty in a New York federal court on 10 April 2025 to charges that he bilked victims out of more than USD 4 million in his role as the so-called “chief compliance officer” of a fake bank based in New York’s Financial District.
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Ex-Owners Ordered to Pay Ukraine’s Privatbank USD 3 Billion
An English High Court on 10 November 2025 ordered the former owners of Ukraine’s largest bank to pay the
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Group Accused of Duping Indian Pharma Trader with Fake LC
Six owners and associates of Prizam Alliance Pvt Ltd. of Surat, India, are under investigation by the Economic Crime Prevention
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Man Extradited to US to Face Host of Fraud Charges
A Nigerian man believed to have conspired with others to pursue fraudulent tax return refunds of at least USD 8.
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Zimbabwe Businessman Loses Funds in Standby LC Investment Scheme
Although not near as commonplace as in the 1990s, standby letters of credit are still being pitched as investment instruments.