On Friday, July 17, 2020, Special Inspector General for Pandemic Recovery (SIGPR) Brian D. Miller and U.S. Attorney for the Eastern District of Virginia (EDVA) G. Zachary Terwilliger announced a formal partnership to pursue civil and criminal investigations of financial misconduct and fraud related to the CARES Act of 2020.
Class actions in the pork and cattle industry foreshadow probable antitrust enforcement and defense strategies against the backdrop of COVID-19, which has caused meat processing plant closures, severe disruptions to the supply chain of consumer meat, and an increase in prices at your local grocery store.
The U.S. Department of Justice (DOJ) has a track record of aggressively pursuing those suspected of fraudulently exploiting federal relief programs meant to combat crises,1 and early signs indicate that DOJ will continue this practice with the current COVID-19 pandemic.
Scrutiny into Paycheck Protection Program Loans Intensifies — Attracts SEC Attention
The coronavirus pandemic continues to upend the global economy and is increasing compliance risks for businesses in the process.
As COVID-19 continues to claim lives and disrupt the global economy, the U.S. Securities and Exchange Commission (the “SEC”) has begun taking a number of actions to protect investors from COVID-19-related frauds.
The COVID-19 pandemic has caused enormous pain and financial harm and it will take months, or even years, before we know its full impact.
The SEC’s Enforcement Division recently issued a statement emphasizing the “importance of maintaining market integrity and following corporate controls” during the stock market volatility caused by the COVID-19 outbreak.1
Among the countless challenges caused by COVID-19, the pandemic has wreaked havoc on supply and demand patterns nationwide…
Palmina Fava, a partner at Vinson & Elkins and a veteran of numerous multinational corruption investigations, is used to finding creative ways to gather evidence from afar, sometimes even working on a shifted schedule in New York to take witness interviews in China via video conference during the night.
Attorney General William Barr has directed federal prosecutors to prioritize the investigation and prosecution of fraud related to the coronavirus pandemic…