LC Fraud

DCW Scam Survey

New Trial Date for Alleged Co-Conspirator of CEO of Nigerian Airline

Jacob Manning May 20, 2022

DCW Scam Survey

Indian Businessman Suspected in USD 25 Million Bank Fraud Case

Jacob Manning May 13, 2022

DCW Scam Survey

Indian Special Court Rejects Bail for Accused Fraudsters

Jacob Manning Apr 22, 2022

DCW Scam Survey

Co-Conspirator of Nigerian Airline CEO Indicted for Fraud Involving LCs Awaits Trial

Jacob Manning Mar 23, 2022

DCW Feature

Crédit Agricole Corp. & Inv. Bank, Singapore Branch v. PPT Energy Trading Co. [2022]

In a crude oil transaction, a bank issuing an LC accused the buyer of fraud, leading to dishonor of the LC; however, the court ruled in favor of the seller...

Matthew J Kozakowski Mar 18, 2022

DCW Scam Survey

India Enforcement Directorate Attaches Assets in Bank Fraud Case

Jacob Manning Mar 17, 2022

DCW Scam Survey

Four Charged for Running USD 16 Million Investment Scam in Arkansas

Jacob Manning Mar 17, 2022

DCW Readers Speak

Issuing Standbys Allowing for Presentation of Documents by Email

I am somewhat surprised that it seems that most banks are resisting issuing standby letters of credit that allow beneficiaries to present documents as scans attached to an email.