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White Glove Service. Excellent Results. Strong Reputation.

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Nationwide Legal Representation

We are an elite criminal defense law firm, that emphasizes providing the best service and professionalism to all clients. We service a curated clientele nationwide – that expect the best from their lawyer. We handle tough criminal defense and legal situations that require deep knowledge, experience, dedication, and excellence in order to win. We have over 50 years of combined experience, handling national and international cases.

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Excellent results begins with top notch service. We treat you like family, and you always know what's going on with your criminal defense case.

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When you hire our law firm, you work directly with a senior criminal defense attorney only. This ensures the best results possible.

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We 100's of 5 star reviews, and have been featured in the media. We are a premier law firm who understands how to win cases.

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Top Rated Attorneys

The Spodek Law Group is one of the most successful law firms in the USA. Our success comes from the fact we are attentive to details, and take a very pragmatic approach to each and every single case. Our clients turn to us for realistic advice – so they can make the appropriate decisions they need to make personally. Our goal is to make sure your case ends in a positive outcome, not only personally – but for your family as well.

 



Are Banks Reporting PPP Loan Fraud to the Government?

Any company who borrowed PPP funds is at risk of facing an audit. The SBA is auditing virtually any company that received PPP loans of $2 million or more. The SBA, the DOJ, and other federal agencies are also targeting recipients in loan fraud investigations.

If you borrowed funds, you might be at risk of getting targeted. If your company received $2 million or more from PPP, the answer is simple: under the current SBA policy – you will be audited. In addition to being audited, your company would be the target of an investigation – and it could come from many different agencies simultaneously.

Federal Agencies are going after banks which issued fraudulent PPP loans

One source of a potential PPP fraud investigation could be the bank which issued your PPP loan. The DOJ has sent grand jury subpoenas to banks in order to get records as part of a broader, and systemic, investigation into COVID loan abuse. Regulators are extremely concerned that banks lent funds under PPP but didn’t put in steps to protect federal fraud programs from fraudulent borrowers. Banks were granted protection – assuming they could demonstrate that they relied on the borrower’s documentation and certifications when issuing PPP loans. This grace doesn’t extend to banks who willingly and knowingly facilitated fraudulent loan applications. It’s clear that the DOJ and other federal agencies are targeting borrowers who illegally got PPP funds. The DOJ has filed charges against many companies, and executives, who were alleged to have committed PPP fraud. Many banks are reporting PPP loan fraud to the government for things such as:

  • realizing fake shell companies were created in order to file ppp loan applications
  • falsifying payroll information in order to get ppp loans
  • filing ppp loan applications on behalf of companies and then diverting the funds
  • submitting fraudulent certifications for ppp loan applications
  • using ppp loans for personal expenses

The DOJ, the SBA, and other authorities, are looking very closely at PPP loan applications and other information in order to discover fraud and abuse. With the issuance of subpoenas to PPP lenders – this is opening up a new source of evidence that federal prosecutors are using to prosecute fraudulent applicants. Because banks played such a crucial role in processing loans, they have immense information which can be used as evidence.

Are banks providing information about PPP borrowers?

Many PPP loan recipients are losing sleep because they don’t know the answer to one simple question: are banks, that get subpoenas, protecting borrowers? Some are, and some are not. It is difficult to see a situation where banks fight the subpoena. But it also makes sense that they would fight. Many banks will be hesitant to disclose information to the government about their clients private information. But – if a bank is accused of giving too many fraudulent loans, it could leave the bank open to potential federal prosecution for PPP loan fraud. Banks have an inherent interest in complying with government investigations to protect their relationship.

What do business owners need to know about banks potentially sharing their PPP loan application with the DOJ?

Rather than looking for information from individual applicants, the DOJ is analyzing the bank records, and flagging companies that appear to have participated in PPP loan fraud. If banks provide records, the DOJ will be looking to get any/all evidence of fraud under PPP. This includes violations of the PPP program ranging from loan stacking, to submitting false data, and misusing PPP funds.

What are the risks associated with being investigated for PPP loan fraud and PPP funds abuse

For anyone who is accused of committing fraud, the risk of prosecution can be huge. The DOJ is actively pursuing criminal charges in many cases, such as: wire fraud, bank fraud, making false statements, and more. These fines can carry financial fines, and federal prison time. Companies and individuals must act swiftly in order to protect themselves. You must be prepared to do everything possible to prevent charges from being filed in PPP loan fraud investigations.

What issues are triggering PPP loan fraud investigations?

Did your companies application comply with the program? There are many terms and conditions for PPP eligibility. If you submit an application, you’re stating that you meet the eligibility criteria.

Do you have the documentation to prove you were compliant? Even if you were compliant, if the documentation isn’t readily accessible – then you could be prosecuted for PPP fraud. It’s critical you be able to prove it.

Did you separate your PPP funds, so that their use could be tracked? One major aspect of PPP funds is that they can only be used for specific purposes and business expenses. In order to demonstrate correct use of PPP funds, companies should have separated them into different accounts in order to document the expenditures. If PPP loan funds were used for personal expenses and other incorrect expenditures, this can result in a DOJ PPP loan fraud investigation. All expenditures from PPP funds should be tracked and documented.


Charle Butler
Charle Butler
2021-03-12
I was hesitant to hire the Spodek Law Group. I read reviews and knew they have a great reputation. However, I thought I would spend money and not see or speak to my attorney. From the beginning to end of my case Todd and the entire staff were available and willing to help. We worked towards and end result that was way above my expectation and Todd delivered. I am forever grateful for patience and long days and night spent working on my case. Thanks Todd and the entire team!
Mesonista parsons
Mesonista parsons
2021-03-05
My attorney at Spodek was Abigail. She was very knowledgeable and helpful with all my questions and concerns, as well as responsive. Her fees are affordable and Abigail took the time to make sure I understood everything relating to my case. I highly recommend Abigail and will request her services in the future.
debabrata chakraborty
debabrata chakraborty
2021-03-03
Todd A Spodek is the experienced and best criminal lawyer at USA. He is very professional and always respond on time. Alex also very cooperative and always help me. They took care me and my problem like family member. I am 100% satisfied for their professional service. My result was unexpected and amazing. They dismissed my case. I am really grateful to them. I will recommend you to go there if you want to solve your problem. I wish all the best for them.
Asata Hendricks
Asata Hendricks
2021-03-02
Truly appreciate the work the guys did!. Exceptional team & I know they care about each and everyone of their clients. I am super thankful to be referred to Spodek Law Group and I am grateful Todd & Alex were able to work diligently to achieve an outcome I am pleased with. Despite COVID they stayed on top of things and kept me informed every step of the way. Very thankful.
Mike Moroff
Mike Moroff
2021-02-26
I'm very satisfied with the services rendered by Todd, Alex and Mary Lou. I whole heartedly recommend Spodek Law Group . I've worked with and have retained other attorneys in the past with Todd's firm being the cream of the crop for many reasons. A very serious legal matter was resolved after a year's hard work and effort. Todd expertly guided me through the process and was able to navigate and make the good journey bearable as well as successful. Mary Lou initially provided excellent assistance before referring my case to Todd. Alex's support was effective and timely. The customer portal (MyCase) is an invaluable communication tool that also kept track of my case. Various aspects of my case were explained and there were several options provided but I made the final decision of how the case would be handled. The legal fee was reasonable considering the effort and amount of work plus it was a flat fee regardless of the length of time required to conclude my case. Todd made himself available to me and we had many scheduled meetings to go over the progress and to discuss the next steps. I felt more confident after many discussions with him. You will not go wrong choosing Spodek Law Group for legal matters.
Josh Katz
Josh Katz
2021-02-24
Being that it was the first time that I was in need of an attorney, I was afraid and hesitant and knew I needed the absolute best. It is beyond understood why Spodek Law Group has a reputation of being the top, if not the best law firm in New York. Alex and Abigail were there every step of the way even at the most unconvenient hours. I could not have asked for more. They are extremely good at what they do and they delivered much much more than just winning my case. A big thank you to Alex and Abigail for all the guidance and counseling and their upmost loyal support that extended far more than just legally. If you need the absolute best than don't hesitate to hire Spodek Law Firm.
L.C.
L.C.
2021-02-24
I cannot tell you how thankful I am to Todd and Alex for their hard work and dedication to my case. I had never been in any trouble before but I had an unfortunate event occur and in the midst of COVID-19 at that therefore I knew I needed a team that was dedicated to my success. Today- my case has been finalized and I’m walking away with no record and can continue life as a mother and a Grad student worry free. I cannot express enough gratitude for their assistance.
AnnMarie Soliman
AnnMarie Soliman
2021-02-23
I received a summons and called Spodek law group for a free consultation. Alex took my call and was very quick and responsive. He was available anytime through multiple platforms and very reassuring when needed. They are extremely organized and thorough. They got my case dismissed! I’m very grateful. Thank you Alex and Todd!

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Testimonials

Spodek Law Group have offered me excellent support and advice thru a very difficult time. I feel I've dealt with someone who truly cares and wants the best outcome for you and yours. I'm extremely grateful for all the help Spodek Law Group has offered me. I can't recommend them enough.

~ David Bruce

Spodek Law Group was incredibly professional and has given me the best advice I could wish for. They had been helpful and empathetic to my stressful situation. Would highly recommend Spodek Law Group to anyone I meet.

~ Rowlin Garcia

Best service I ever had. Todd is absolutely class personified. You are in the safest hands with spodek. They have their clients interest in mind.

~ Francis Anim

Spodek Law Group

White Glove Service

We provide superior service, excellent results, at a level superior to other criminal defense law firms. Regardless of where your case is, nationwide, we can help you.



Hear From Our Clients

"Spodek Law Group have offered me excellent support and advice thru a very difficult time. I feel I've dealt with someone who truly cares and wants the best outcome for you and yours. I'm extremely grateful for all the help Spodek Law Group has offered me. I can't recommend them..."

David Bruce

"Spodek Law Group was incredibly professional and has given me the best advice I could wish for. They had been helpful and empathetic to my stressful situation. Would highly recommend Spodek Law Group to anyone I meet."

Rowlin Garcia

"Best service I ever had. Todd is absolutely class personified. You are in the safest hands with spodek. They have their clients interest in mind."

Francis Anim
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