John Babcock joined the Lawyers Mutual Board of Directors in 2012. John practices with Waldrep Wall Babcock & Bailey in Winston-Salem where he has extensive experience in corporate, tax and transactional matters, mergers and acquisitions and commercial business transactions. Mr. Babcock graduated with distinction from the University of Michigan-Dearborn and magna cum laude from the Wake Forest University School of Law, also earning an LL.M. in Taxation from New York University. He has taught as an adjunct professor of law at Wake Forest University. He is recognized as one of the Best Lawyers in America® and listed in North Carolina Super Lawyers and Business North Carolina’s Legal Elite, where he was inducted as a Hall of Fame member in 2019. Mr. Babcock is active with the North Carolina Bar Association Business Law Section, where he currently serves as the Chair of the LLC’s, Partnerships and unincorporated entities subcommittee. He has also served as a past Treasurer, Secretary and council member.
Wire fraud was a problem prior to Covid-19; however, with the increase in remote work spurred by the pandemic, wire fraud has increased. Cyber-attacks have occurred in every sector of life and attorneys are not immune. In fact, real estate attorneys are a prime target for cyber criminals.
In 2021, Congress enacted the Corporate Transparency Act (CTA) of 2019 as part of the National Defense Authorization Act for Fiscal Year 2021.