Is Financial Crime Going Viral? Money Laundering, Fraud and Ponzi Schemes in the Pandemic Era

Active

Program Number

3136

Program Date

2021-01-26

Financial crime is a constant whatever the era but in times of crisis criminals become even more creative. Coronavirus â€˜cures, PPEs, testing and vaccines all present attractive opportunities for fraudsters to take advantage of our collective anxiety by selling fakery. Ponzi schemes, a ubiquitous phenomenon, often come to light in times of financial crisis since old investors demand redemption and new investors are hard for fraudsters to find. Finally, in the pandemic, trade-based money laundering, another common criminal scheme, can be used to greater effect due to price gyrations and scarcity in previously available goods and commodities. Learning Objectives: Distinctions between and among different types of fraud, money laundering and other financial crime; How to recognize commonly used financial crime schemes; Why red flags are crucial to legal practitioners in banking, securities, contract, M&A, and consumer fields; Topics are targeted to attorneys in the regulatory, compliance, litigation and criminal defense (particularly white collar defense).