DCW Updates
DCW Monthly: June 2025
This month we’re digging into the legal, operational, and regulatory tensions at the core of LC and guarantee practice.
DCW Scam Survey
Three Sentenced to Prison in Standby LC Scam
Roy Johannes Gillar of Las Vegas, Harold Mignott of Voorhees, New Jersey, and Jerrid Douglas, of Freehold, New Jersey received prison sentences of six years, three years, and 45 months respectively, for their actions in a USD 1 million “upfront-fee” scheme which defrauded victims.
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DCW Scam Survey
Chief Compliance Officer of Fake Bank Pleads Guilty
A 75-year old disbarred attorney and convicted felon from California pleaded guilty in a New York federal court on 10
DCW Scam Survey
Singapore Citizen Implicated in Fraudulent Timber Import Deal
A 67-year-old Singapore citizen was arrested in India on 22 April 2025 for his alleged involvement in a timber import
DCW Scam Survey
Woori Bank Subsidiary Investigating Confirmed Fraud Allegations
Following Woori Bank’s publication of a financial incident disclosure that its subsidiary in Indonesia has confirmed fraud allegations involving
DCW Scam Survey
Choksi Arrested, but Extradition to India on Hold
Following a request from India for Mehul Choksi’s extradition, Belgium arrested the fugitive former diamond trader on 12 April