Letter of Credit Fraud


At Ashley D. Adams, PLC, we have a well-established track record of success that can make a difference, whether in defending charges of white collar crime, health care fraud, financial fraud, general fraud charges, other criminal or civil matters, or representing our clients during a government investigation.


A Phoenix Defense Attorney for all White Collar Crimes

If you are searching for criminal defense attorneys for letter of credit fraud cases, call 480-219-1366 to speak with Phoenix White Collar Criminal Defense Attorney Ashley D. Adams. From her office in Scottsdale, she serves clients from throughout Arizona who have been charged with white collar crimes. White Collar Criminal Defense Attorney Ashley D. Adams is highly experienced in both state and federal courts and has a wealth of experience defending her clients against all types of fraud allegations. 

Letter of credit fraud is one of the many financial scams that frequently occur in today’s troubled economy. As a white collar crime, it is also the subject of fervent prosecution by federal agencies. Conviction for letter of credit fraud can carry severe penalties. If you have been charged with letter of credit fraud or are currently under investigation, it is essential that you contact an attorney for letter of credit fraud defense as soon as possible. Federal prosecutors may have already compiled a significant amount of evidence. This is one reason why it is so important to contact an attorney at the earliest possible moment. As soon as you know that you are the subject of an investigation, call attorney Ashley D. Adams immediately. Depending upon your circumstances, it may be possible to prevent charges from ever being filed.


A letter of credit is a document issued by a bank or other financial institution which provides a guarantee of funding for a business. It is essentially a “promise to pay.” Letters of credit are used most frequently in overseas transactions where a bank ensures payment for goods shipped in connection with international trade. The bank provides a guarantee of payment in case of default by the buyer. Banks issue letters of credit as a way to ensure sellers that they will get paid as long as they do what they’ve agreed to do. Some buyers have to deposit (or already have) enough money to cover the letter of credit, and some customers use a line of credit with the bank. Sellers must trust that the bank issuing the letter of credit is legitimate.


Payment on letters of credit usually requires that the paying bank receive documentation certifying that the goods ordered by the buyer have been shipped. Letter of credit frauds are often attempted against banks by providing false documentation to show that goods were shipped when in fact no goods were shipped at all. Sometimes inferior goods are shipped instead. Another common type of frauds occur when a scammer offers a letter of credit or bank guarantee as an investment that promises large annual interest rates. The scammer claims to have access to bank guarantees that they can buy at a discount and sell at a premium. By reselling them several times, they claim to be able to produce exceptional returns on investments.

Letter of credit fraud is a serious offense which can result in devastating penalties including heavy fines, damages to your career and reputation, prison time and other consequences. The key to an effective defense is often using the opportunity to investigate the charges and evaluate the evidence against you as early as possible. The attorneys at Ashley D. Adams will use all their experience and skill to have the most serious charges reduced or dismissed if possible. Call our attorneys today for a case evaluation.