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Faced 5+ Years in Prison

People Vs Joseph Amico

Covered by NYDaily News. Las Vegas man accused of threatening a prominent attorney and making vile remarks.

Faced 10+ Years in Prison

People Vs. Anna Sorokin

Covered by New York Times, and other outlets. Fake heiress accused of conning the city’s wealthy, and has an HBO special being made about her.

Faced 3+ Years in Prison

People Vs. Genevieve Sabourin

Accused of stalking Alec Baldwin. The case garnered nationwide attention, with USAToday, NYPost, and other media outlets following it closely.

Faced Potential Charges

Ghislaine Maxwell Juror

Juror who prompted calls for new Ghislaine Maxwell trial turns to lawyer who defended Anna Sorokin.

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Meet Todd Spodek


The Spodek Law Group understands how delicate high-profile cases can be, and has a strong track record of getting positive outcomes. Our lawyers service a clientele that is nationwide. With offices in both LA and NYC, and cases all across the country - Spodek Law Group is a top tier law firm.

Todd Spodek is a second generation attorney with immense experience. He has many years of experience handling 100’s of tough and hard to win trials. He’s been featured on major news outlets, such as New York Post, Newsweek, Fox 5 New York, South China Morning Post, Insider.com, and many others.

In 2022, Netflix released a series about one of Todd’s clients: Anna Delvey/Anna Sorokin.

Why Clients Choose Spodek Law Group

The reason is simple: clients want white glove service, and lawyers who can win. Every single client who works with the Spodek Law Group is aware that the attorney they hire could drastically change the outcome of their case. Hiring the Spodek Law Group means you’re taking your future seriously. Our lawyers handle cases nationwide, ranging from NYC to LA. Our philosophy is fair and simple: our nyc criminal lawyers only take on clients who we know will benefit from our services.

We’re selective about the clients we work with, and only take on cases we know align with our experience – and where we can make a difference. This is different from other law firms who are not invested in your success nor care about your outcome.

If you have a legal issue, call us for a consultation.
We are available 24/7, to help you with any – and all, challenges you face.

New Jersey PPP and EIDL Loan Fraud Lawyers

By Spodek Law Group | January 30, 2023
(Last Updated On: July 28, 2023)

Last Updated on: 28th July 2023, 07:21 pm

Feeling Edgy about Your SBA Loans Potentially Landing You in the Bank Fraud Hot Seat?

Picture this. You’re knee-deep in paperwork, trying to score some much-needed funding via federal loan programs like the Paycheck Protection Program (PPP) or the Economic Injury Disaster Loan (EIDL). It’s a hassle, and in the frenzy, the COVID-19 pandemic is not making things any easier. It’s vital to keep an eye on every detail you’re providing for these government loans; it’s got to be truthful, complete, and above all, accurate.

You see, even a simple misstep or — heaven forbid — a deliberate lie on your application could set you up for an unfriendly encounter with federal bank fraud charges. Well, you don’t want that, do you?

Falling into the SBA Loan Application Trap

“Honesty is the best policy”. You’ve heard it, right? Especially when you’re dealing with PPP or EIDL funding. One of the deadliest blunders businesses often fall into is fibbing about their eligibility criteria to tick every box on the program requirements.

Applicants providing crooked figures or false information—despite a desperate need for approval—risk plunging into the suspicious eyes of criminal prosecution. If you find yourself being scrutinized over your loan application, be smart, and seek legal counsel pronto!

Dabbling with Multiple Loans or Loan Stacking

Picture this: it’s the peak of the pandemic catastrophe, PPP/EIDL funds are scarce, and the loan processing is as clear as mud. Many a small-business owner, donned in their desperation hats, dashed to several lenders for assistance, getting involved in loan stacking. We’re talking submitting multiples applications, accepting money from multiple sources concurrently.

You see where I’m going here, don’t you? This maneuver sets alarm bells ringing for eagle-eyed investigators and snoopy prosecutors. They’re ready and waiting to connect Stackin’ Joe with violations of the fraud statutes concerning PPP/EIDL programs. Quoting from the good old 18 U.S Federal Code Title 18 Section 1343 Wire Fraud; also Section 1344 Bank Fraud, Section 1014 False Statements, and rounding it off with Section 1349 Conspiracy To Commit Fraud & Other Offenses. It’s no walk in the park, folks; it’s a jumble of legal jurisdictions.

Avoiding SBA Loan Fraud Indictment

Just like adding too much salt can ruin a stew, sprinkling your application with lies and errors, though unintentional, can make Uncle Sam’s fraud sensors spring into action. The stakes are always high when you’re dealing with money matters, whether it’s borrowing some from the PPP or applying for EIDL funds.

Material Misrepresentation on SBA Loan Applications: Truth or dare, anyone? Put your daredevil desires on the backburner and stick with the truth when it comes to SBA loans. Filing false information—however tempting—is a dangerous game. If Lady Luck ditches you, you’re looking at heavy prosecution. And let me tell you, it ain’t pretty! To keep the law enforcement wolves at bay, get in touch with your trusted lawyer and get your defenses up.

Multiple Loans or Loan Stacking: Plunge into Peril

What’s riskier than a shark-infested ocean? Trying to secure multiple loans through different lenders during a pandemic. Whether out of ignorance or complicity, it’s a quick step from business as usual to a potential run-in with PPP loan fraud investigators.

Decoding PPP Loan Fraud and Its Investigation

Ready for a quick game of “Did you know”? Filing a false loan application under the PPP scheme counts as fraud. If found to be guilty, the fraudsters are in for a wild ride with prosecutors and federal agents who have the job of deciding if their violations make criminal charges the next order of business.

What foul play can land them in hot water? Misrepresentations on loan applications (like pretending that employees are independent contractors or using funds for unapproved purposes. Deliberate or not, you’re lining up the dominoes for the authorities, setting your business on a path to criminal charges. In audit reviews conducted by federal agents, even incorrect answers can brew trouble.

You could also face additional penalties under 18 U.S Code 1343 – wired fraud charges for using electronic sources to pull in money using false statements/promises. Top it off with bank fraud charges under 18 U.S Code 1344 if the violations occur at banks or other financial institutions. So, think and step carefully, my friends. Let’s not fall into the fraud trap. Remember, when it comes to loans, it’s better to be safe than sorry. Now, go forth and prosper, responsibly. Can I get an Amen to that?

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I was searching for a law firm with some power to help me deal with a warrant in New York . After 6 days I decided to go with Spodek Law Group. It helped that This law firm is well respected by not only the top law firms in New York , but the DA , Judge as well. I...

~Fonder Brandon

5 Stars
It was my good fortune to retain Spodek Law Group for representation for my legal needs. From the beginning, communication was prompt and thorough. Todd, Kenneth and Alex were the first people I worked with and they all made me feel comfortable and confident that the team was going to work hard for me. Everything was explained and any concerns...

~A G

5 Stars
After meeting with several law firms, I chose the Spodek Law Group not only for their professionalism and experience, but for the personal attention given to me right from the initial consultation. It is important to recognize how crucial having the right legal team is when faced with potentially life altering events that impact families and the lives of loved...

~George Cherubini

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