Voice of America: US$2.2T Coronavirus Relief Package Poses Fraud Threat, Experts Warn

March 31, 2020

O’Melveny partner Laurel Loomis Rimon spoke with Voice of America about the coronavirus pandemic and the US$2.2 trillion emergency economic aid package aimed at offseting the virus’s economic impact. Rimon explained that the stimulus package is designed to produce trickle-down relief, with large institutions receiving funding from the government and in turn providing loans to small, mid-sized, and large companies. “You have all kinds of people thinking about applying for this potential aid on all different levels, so the pool of potential fraud for misconduct is pretty large,” said Rimon.

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