Virginia State Bar Urges Lawyers to Avoid Email/Wire Fraud Scams

Virginia State Bar pic

Virginia State Bar
Image: m.vsb.org

In addition to serving as president of EPC Consulting, LLC, where he provides energy industry and construction consulting, Bradford Jacob is an accomplished litigator admitted to practice in several high-profile courts, including the U.S. District Court for the Eastern District of Virginia, the U.S. Court of Appeals for the Fourth Circuit, and the U.S. Supreme Court. Bradford Jacob has been a member of the Virginia State Bar for nearly 25 years.

The Virginia State Bar recently issued a renewed call to vigilance for real estate attorneys in the wake of continued email scams that can lead to compromised bank funds through wire fraud. In some cases, lawyers have had their entire bank accounts wiped out through these scams, which is doubly problematic for lawyers who have a large amount of retainer funds in their bank accounts. In some cases in North Carolina, lawyers were required to spend upwards of six figures reimbursing their clients.

Attorneys in Virginia bear a responsibility to remain aware of the risks of using technology and take the appropriate precautions to prevent client information and funds from being accessed by outside parties. The Bar’s professional conduct standards also call for attorneys to routinely train staff on these matters in order to remain informed about the latest scams and how to avoid them.

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