There is a significant increase in instances of wire fraud affecting lawyer trust accounts in closings of residential real estate sales and mortgage refinancings. Any instance of wire fraud must be reported immediately to Leanor Hodge, trust account compliance aounsel. 2015 FEO 6 provides guidance about measures that can help a lawyer guard against wire fraud. For information about a lawyer’s ethical responsibilities in avoiding wire fraud, see 2020 FEO 5.
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