DCW Scam Survey

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.

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.

Securities Commission Issues Order against Operator of Ponzi-like Scheme

In its Decision, Re Cawaling (2025 ABASC 96), the Alberta (Canada) Securities Commission (ASC) has permanently banned a Calgary resident

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

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

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

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

Former Sri Lankan Official Arrested for Unauthorized LC Use

A former Additional Secretary to Sri Lanka’s Agriculture State Ministry is facing charges in connection with an alleged financial

P&R Containers Operated outside Regulatory Radar

India’s CBI Seeks to Unravel Fraud Allegations in 2017 Case

India’s Central Bureau of Investigation (CBI) is looking into alleged collusion in a case initiated in 2017 relating to

Indian Cases: Often Misunderstood and Misreported

Having seen your recent installment of DCW Scam Survey covering Indian cases (Indian Importer, Officials Booked for Cheating Tied to

P&R Containers’ Reputation, Business Habits Masked EUR 3 Billion Shell Game

P&R Containers was not a run-of-mill investment scam. And that contributed heavily in making it one of Germany’