Service & Results.

nyc criminal lawyers over 30 years of experienceWe Know How To Win Cases

Spodek Law Group handles tough cases
nationwide, that demand excellence.

Get Free Consultation

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.

Why Choose Us

Clients can use our portal to track the status of their case, stay in touch with us, upload documents, and more.

Regardless of the type of situation you're facing, our attorneys are here to help you get quality representation.

We can setup consultations in person, over Zoom, or over the phone to help you. Bottom line, we're here to help you win your case.

Law in the Media

View All

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.

Criminal Liability for PPP Loan Fraud

By Spodek Law Group | January 22, 2023
(Last Updated On: August 2, 2023)

Last Updated on: 2nd August 2023, 12:37 am

Many Small Business Owners Didn’t Realize PPP Loan Fraud Could Lead to Criminal Charges

Many small business owners applied for the PPP loan. Most didn’t realize they’d be potentially exposed to criminal charges. The DOJ has filed multiple criminal cases for PPP loan fraud, and more on the way. It’s likely this is something which will go on for many years.

PPP Loans Established by CARES Act

The PPP was established by the CARES Act – but the CARES Act is not a penal statute. The CARES Act was designed to provide financial security to individuals, and business owners who were struggling due to the pandemic. At the time the PPP loan program was enacted, there was limited information and oversight. There was a lot of potential – and even accidental – fraud. In fact, many people filed fraudulent applications, and received fraudulent PPP loans, that the SBA granted.

SBA Offered Grace Period to Return Fraudulent Funds

In fact, there were so many fraudulent loans granted – that the SBA offered a grace period during which individuals and businesses could return fraudulently obtained funds without a penalty. Now this period has expired. The many agencies of the government, such as the SBA, DOJ, and other federal agencies are initiating investigations to discover PPP loan fraud. Many investigations are resulting in criminal charges being filed.

Examples of PPP Loan Fraud

Below are examples of PPP loan fraud:

  • Loan stacking multiple PPP loans from multiple SBA lenders
  • Misrepresenting your payroll, or misclassifying your employees in order to get PPP eligibility
  • Misrepresenting your payroll costs in order to get a larger PPP loan
  • Falsely certifying that current economic situations make the loan necessary to support ongoing operations
  • Using the PPP loan for ineligible business purposes

Potential Criminal Charges for PPP Loan Fraud

What criminal charges might you face for PPP loan fraud?

The CARES Act doesn’t contain any provisions for penalties, or prosecution. Criminal charges are being filed under existing criminal statutes. There are numerous federal laws which are broad enough to encompass any fraudulent actions taken to get PPP funds you aren’t entitled to.

Below are some examples of the laws which could be used to prosecute you:

  • false claims act
  • making false statements to the SBA
  • making false statements to an FDIC insured bank
  • bank fraud
  • wire fraud
  • identity theft
  • tax evasion
  • making false statements to federal agents
  • conspiracy
  • attempt

The U.S. Department of Justice has filed criminal complaints in many loans. The number of cases will only continue to rise. Each of the statutes/crimes listed above are just some of the ways in which the government will try to prosecute you.

Potential Criminal Liability in Federal PPP / EIDL Loan Fraud Investigations

Making false statements to the SBA

This statute imposes penalties for anyone who makes knowingly false statements, or reports, to the SBA. This verbiage is broad enough that it includes representations made on the PPP loan application.

Making false statements to an FDIC-Insured Bank

This is a prohibition against making false statements and reports to financial institutions that are insured by the Federal Deposit Insurance Corporation. Companies and individuals who submit false info to the SBA, can be prosecuted for submitting false information.

Bank fraud

Along with prosecution for submitting false info to PPP lenders, companies and individual borrowers can face prosecution for bank fraud. This federal statute makes it a criminal offense to execute, attempt to execute, or scheme, to defraud a financial institution. The DOJ has already filed criminal charges against many individuals and companies guilty of this.

Wire fraud

The federal wire fraud statute is a tool used by federal prosecutors often. The DOJ has filed many cases that involved wire fraud charges in PPP cases.

Making false statements to federal agents

Along with being prosecuted for making false statements in PPP loan applications — company owners, and others, can face prosecution for making false statements to federal agents during a PPP loan fraud audit/investigation.


There are two main federal conspiracy statutes which allow for the prosecution of individuals and businesses that are involved in an effort to fraudulently get federal funds the PPP program. These efforts do not have to ACTUALLY RESULT in a PPP loan being granted in order to support criminal charges for conspiracy.

Free Consultation


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, and my company Qumana skincare feel comfortable and confident that the team was going to work hard for me. Everything...

~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

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.
View More

Request Free Consultation

Please fill out the form below to receive a free consultation, we will respond to
your inquiry within 24-hours guaranteed.


85 Broad St 30th Floor, New York, NY 10004


get directions

Los Angeles

611 S Catalina St Suite 222, Los Angeles, CA 90005


get directions


35-37 36th St, 2nd Floor Astoria, NY 11106


get directions


195 Montague St., 14th Floor, Brooklyn, NY 11201


get directions
Call Now!