RED ALERT: AUDITORS, CORPORATES, RELIEF CHARITIES & IGOs: face elevated COVID risks of fraudulent conversion of public funds! This EU release highlights a lesson that was painfully learnt during the West Africa Ebola Crisis of 2014-15: the Greed Virus is more infectious than Biological Viruses! The "Greed is Good" creed that accelerated in the 1980s is an amorality pandemic that has virulently corrupted worldwide, playing a star role in the Global Financial Crisis! It was - arguably- spread by unwise deregulation, 24hr TV, cheap flights, social media and an aversion to "old fashioned" moral codes of honour and discipline. So, the Trillions of dollars being hurriedly dished out around the world in response to COVID will be eyed by well-placed persons, globally, as a once-in-a-lifetime opportunity for major fraudulent conversion. Responsible boards will monitor such risk exposures with great care. Reputable internal and external auditors will urgently update their risk assessments to avoid litigation for negligence after COVID.