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Spodek Law Group handles tough cases
nationwide, that demand excellence.
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
WHO WANT MORE FROM THEIR ATTORNEY
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.
Connecticut PPP and EIDL Loan Fraud Lawyers
By Spodek Law Group |
February 15, 2023
Last Updated on: 17th October 2023, 10:57 pm
Connecticut PPP and EIDL Loan Fraud Lawyers
Common Connecticut PPP and EIDL Fraud Offenses
There are a variety of ways that PPP and EIDL funds could be misused or obtained fraudulently. Some of the most common criminal offenses include:
- Lying on loan applications about business revenue, number of employees, or other details
- Using false documents or identities to apply for multiple loans
- Failing to disclose other COVID relief funds received on applications
- Using PPP funds for unauthorized personal expenses instead of payroll
- Transferring EIDL funds to personal accounts for non-business use
- Colluding with others to submit fraudulent loan applications and split proceeds
There have been several high-profile PPP and EIDL fraud cases prosecuted in Connecticut already. For example, a couple in Oxford was accused of misspending over $100,000 in PPP and EIDL funds on unauthorized purchases like luxury items and cryptocurrency [5]. Another case involved two individuals from New Haven and Hartford allegedly involved in a scheme with several others to submit fraudulent loan applications using fake “faith-based” non-profits [6].
Penalties for PPP and EIDL Fraud in Connecticut
PPP and EIDL fraud can lead to both civil and criminal penalties at the federal level. Even if you mistakenly misused funds or were unaware of program rules, you could still face consequences.
On the criminal side, charges may include wire fraud, bank fraud, false statements, aggravated identity theft, and money laundering. Penalties can include:
- Up to 30 years imprisonment
- Fines up to $1 million
- Restitution of misused funds
- Forfeiture of assets
The DOJ and federal prosecutors tend to pursue jail time in egregious cases where large sums were obtained fraudulently. They want to send a strong warning to deter this type of crime.
Civil consequences through the SBA can include:
- Repayment of all loan funds
- Being barred from receiving future SBA loans
- Debarment from federal contracts
- Civil monetary penalties
Your lender may also file a civil lawsuit to recoup misused loan proceeds. It is possible to negotiate settlements in civil PPP and EIDL fraud cases to avoid harsher criminal penalties.
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