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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

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

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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.

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North Carolina PPP and EIDL Loan Fraud Lawyers

By Spodek Law Group | February 15, 2023

The Ins and Outs of PPP Loan Fraud: Everything You Need to Know

The Risks of PPP Loan Fraud

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was created to provide benefits to individuals and businesses affected by the COVID-19 pandemic. The Paycheck Protection Program (PPP) was one of the most significant components of the CARES Act, endowed with nearly $350 billion in federal funds. However, due to its size, the PPP ran out of funds in minutes, leaving many eligible businesses without any financial relief.

With any federal program offering financial relief, there are concerns about fraud. The PPP is no exception, and as the government seeks to prosecute PPP loan fraud, many businesses that received PPP loans will likely face heavy scrutiny from federal authorities. This article will explore the risks associated with PPP loan fraud and the legal defenses available to those who are facing charges.

What Constitutes PPP Loan Fraud?

PPP loan fraud is when an individual or business submits false information in an application or certification for a loan under the PPP. The PPP was created to help companies stay in business during the pandemic by providing forgivable loans to cover payroll and operating expenses. Businesses can apply for PPP loans through commercial banks, but must meet several criteria for eligibility. Even after obtaining a PPP loan, businesses must abide by strict requirements and limits on how the funds can be spent.

There are various acts and omissions that have the potential to lead to allegations of federal fraud in relation to the PPP. This includes not only intentional misrepresentations, but also inadvertent mistakes that result in the improper receipt of federal funds. These potential allegations of fraud include loan “stacking,” PPP loan application fraud, fraudulent loan certification, using PPP funds for ineligible or fraudulent business purposes, and misrepresenting or concealing information during a PPP audit or investigation.

What Are the Consequences of PPP Loan Fraud?

If an individual or business intentionally omits information or makes false statements when applying for a PPP loan, they may face criminal, civil, or financial penalties. The most severe consequences involve crimes such as wire fraud, mail fraud, and bank fraud. Making a false statement to a financial institution or the Small Business Administration (SBA) can result in a hefty fine of up to $1 million or imprisonment for up to 30 years.

The consequences of PPP loan fraud are not necessarily limited to those who benefit from federal PPP loan fraud. A conviction for conspiracy or attempted fraud could result in the same penalties. The reasoning behind these penalties is that even if the crime failed, the individual or business would have still been able to receive the funds if the fraud had succeeded.

  • Providing false or misleading information on their PPP loan applications or certifications
  • Using PPP funds for unauthorized or fraudulent purposes
  • Engaging in loan stacking by applying for and receiving PPP loans from multiple lenders
  • Certifying that they met the eligibility criteria for PPP loans when they did not

During a PPP loan fraud investigation, federal authorities may use a variety of tools and techniques to gather evidence and build a case against the target. These may include subpoenas, search warrants, interviews, and data analysis. It is important to note that even if a business or individual did not intentionally commit fraud, they may still face charges if they made mistakes or errors on their PPP loan applications or certifications.

The consequences of PPP loan fraud can be severe, including fines, restitution, and even imprisonment. It is crucial for individuals and businesses facing PPP loan fraud investigations to seek the guidance and representation of experienced PPP loan fraud defense attorneys, who can help protect their rights and interests throughout the legal process.


PPP loan fraud is a serious offense that can result in severe consequences. Businesses and individuals who are facing PPP loan fraud investigations should seek the guidance and representation of experienced PPP loan fraud defense attorneys, who can help protect their rights and interests throughout the legal process. With the right legal team on their side, those facing PPP loan fraud charges can have a fighting chance to minimize their exposure to criminal and civil liability. At Spodek Law Group, we have the experience and knowledge necessary to provide effective defense strategies to individuals and businesses facing PPP loan fraud investigations. Contact us today to schedule a consultation with attorney Todd Spodek.

What Are the Possible Defenses to PPP Loan Fraud Accusations?

With the help of an experienced PPP loan fraud attorney, those facing charges may be able to reduce the charges or have them dropped entirely. Possible defenses include lack of intent, defendant’s error, deception, illegal search, coercion, and honest communication.

It is critical to contact an experienced PPP loan fraud attorney as soon as possible if you are facing a fraud charge. They can guide and assist you if you are under investigation for PPP fraud, and can help you understand the possible defenses available to you. The risks of PPP loan fraud are high, but with the right legal representation, you can work to mitigate those risks and protect your business.

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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

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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...

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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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