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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The Court of the Special Judge, Central Bureau of Investigation (CBI) in Guwahati, India, has fined and sentenced five individuals to varying prison terms for their involvement in a letter of credit scam dating back to the early 1990s.
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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.
DCW Scam Survey
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.