Compliance Round-Up: City Bar Series on COVID-19’s Impact on Ethics and Compliance

(Webinar) Lessons from History: Identifying and Mitigating a Borrower’s Regulatory Risks under the COVID-19 Financial Relief Programs

Tuesday, May 5, 2020 | 11:00 am – 12:30 pm

 

Moderator:

Patrick T. Campbell
BakerHostetler

  • The federal government has committed nearly $3 trillion to COVID-19 financial relief programs, dwarfing all other economic stimulus packages that followed national crises. And this number continues to grow. However, borrowers should beware. As with prior disaster relief stimulus packages, companies should expect the COVID-19 financial relief programs to be followed by strict government oversight, whistleblower reports of alleged abuse, and targeted audits, investigations, and enforcement actions.

    In this CLE webinar, you will hear from Alixandra Smith, Chief of the Business and Securities Fraud Section of the U.S. Attorney’s Office for the Eastern District of New York, George Stamboulidis, a former federal prosecutor and Managing Partner at BakerHostetler, and Frances McLeod, Founding Partner of Forensic Risk Alliance, on the regulatory risks borrowers face under the COVID-19 financial relief programs and what they could do now to prevent costly government fraud investigations and litigation down the road. Program topics will include:

    • History of increased government fraud investigations and prosecutions against stimulus recipients in the wake of national emergencies.
    • Key borrowing provisions of the COVID-19 financial relief programs.
    • Government oversight mechanisms established under the CARES Act.
    • The federal government’s current focus on combating COVID-19 related crime.
    • Proactive compliance measures to mitigate regulatory risk.

    Program Fee:
    $49 For Members | $99 For Nonmembers
    In-House Counsel: Free for Members

    Members who are Recent Law Graduates, Newly Admitted Lawyers (admitted for the first time in any state or country 2018-2020), Judges, or attorneys that practice within the Government, Academic or Not-for-Profit sectors attend this program for free.

  • Frances McLeod
    Founding Partner, Forensic Risk Alliance

    Alixandra Smith
    Chief, Business and Securities Fraud Section, U.S. Attorney’s Office for the Eastern District of New York

    George A. Stamboulidis
    Managing Partner, BakerHostetler, Former Chief, Long Island Division, U.S. Attorney’s Office for the Eastern District of New York

  • 11:00 am – 11:05 am
    Introduction

    11:05 am – 11:20 am
    Overview of the Key Borrowing Certifications and other Requirements under the COVID-19 Lending Programs

    11:20 am – 11:35 am
    Past is Prologue: Lessons from Government Fraud Investigations and Enforcement Activity after National Emergencies

    11:35 am – 11:50 am
    The Federal Government’s Current Focus on Combating COVID-19 Related Crime and Government Oversight Mechanisms under the CARES Act

    11:50 am – 12:05 pm
    What are the Regulatory Risks for Borrowers under the COVID-19 Lending Programs

    12:05pm – 12:20pm
    Proactive Compliance Measures to Mitigate Those Risks

    12:20 pm – 12:30 pm
    Q&A

  • CLE Credit
    New York:
    1.5 Professional Practice
    New Jersey:
    1.5 General
    California:
    1.5 General
    Pennsylvania:
    1.0 General
    Connecticut: Available to Licensed Attorneys


  • This program has been generously sponsored by:
    BakerLaw

    Sponsoring Association Committee:
    Compliance, Patrick T. Campbell, Chair
    White Collar Crime, Michael S. Schachter, Chair

    Sponsorship Opportunities are Available! Please Contact:
    Angie Avila, Manager, Membership Outreach and Sponsorships | (212) 382-6608 | aavila@nycbar.org

    ______________________________________________________________