Pandemic predators – Covid-19 fraud schemes

Braddock Stevenson is counsel and Laurel Loomis Rimon a partner at O’Melveny law firm, where they are both on a Coronavirus Task Force. They are based in Washington DC, United States, and may be contacted at bstevenson@omm.com and lrimon@omm.com.

Fraudsters have been quick to exploit governments’ hurriedly-enacted support packages for those adversely affected by the coronavirus crisis – and financial institutions can find themselves unwittingly implicated. Braddock Stevenson and Laurel Loomis Rimon of O’Melveny outline common scams seen in the US, as well as liabilities for banks and red flags.