So you need a Bank Guarantee Risk to secure a load of sugar, but you don’t have millions of dollars in collateral to put up. It seems like all is lost, and then somebody offers you a one million dollar bank guarantee, and all you have to do is pay $600,000. Sounds like a bargain, right? Wrong. There is no such thing as a legally discounted bank guarantee. Normally this type of bank guarantee fraud is part of an investment scam, but sugar buyers can occasionally be caught up with the same people who are trying to exploit unwary would be investors.