Covered by NYDaily News. Las Vegas man accused of threatening a prominent attorney and making vile remarks.
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.
Accused of stalking Alec Baldwin. The case garnered nationwide attention, with USAToday, NYPost, and other media outlets following it closely.
Juror who prompted calls for new Ghislaine Maxwell trial turns to lawyer who defended Anna Sorokin.
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.
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.
Last Updated on: 28th July 2023, 07:20 pm
As the nation continues to grapple with the economic aftermath of the coronavirus pandemic, PPP loan fraud investigations are on the rise. Federal prosecutors and criminal investigators from various agencies are working tirelessly to uncover possible violations and recover funds that may have been obtained through fraudulent means.
But what exactly is PPP loan fraud? Simply put, it’s when an individual or business submits false information in an application or certification for a loan under the federal Paycheck Protection Program (PPP). This program was created to help companies stay afloat during the pandemic by providing forgivable loans to cover payroll and operating expenses. However, businesses must meet certain criteria and abide by strict requirements and limits on how the funds can be spent.
When a PPP loan fraud investigation begins, the focus is to determine whether charges should be brought against someone for violating these requirements. Prosecutors have been targeting those who may have falsely claimed eligibility, falsified information, or misused funds.
If you or your business is under investigation, it’s crucial to take the proper steps to protect yourself and your financial records. Hiring an experienced federal defense attorney and gathering all relevant business and personal financial records can help support your defense. It’s also important to make sure your employees are aware that they can report any suspicions of fraud without fear of retaliation.
Our firm has a team of experienced attorneys, paralegals, and independent consultants who have been successful in helping business owners navigate PPP and EIDL loan fraud investigations. We take immediate steps to contact any investigators or government agents involved and preserve any relevant business documents. With the help of a forensic accountant, we review the company’s financials and present any available arguments for mitigation or mistake to the government.
Don’t let the stress and uncertainty of a PPP loan fraud investigation weigh you down. Contact us today to see how we can help you and your business.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was crafted to assist individuals and businesses grappling with the devastating effects of the coronavirus pandemic. A crucial component of the CARES Act was the Paycheck Protection Program (PPP), which aimed to provide vital financial aid to small businesses that were struggling financially due to the economic impact of COVID-19.
However, the PPP quickly ran out of funds, leaving numerous eligible companies without access to a loan. As with any federal program that offers financial assistance, concerns about fraud inevitably arise, and the Paycheck Protection Program is no exception.
In light of these valid concerns, the United States Department of Justice launched a comprehensive federal investigation to identify instances of loan fraud and prosecute those who were defrauding the program. PPP loan fraud investigations are now commonplace across the country, with federal prosecutors and law enforcement from various agencies actively investigating potential PPP loan fraud and other CARES Act violations in order to recover money that may have been obtained fraudulently through COVID-19 relief programs.
If you are currently under criminal investigation for PPP or EIDL loan fraud, our experienced Los Angeles criminal defense attorneys may be able to help you resolve the case without any criminal charges being filed against you. We will closely review the laws and build a robust defense strategy for you.
But what exactly is PPP loan fraud and how is it investigated? PPP loan fraud occurs when a person or business submits false information on an application for a loan under the federal Paycheck Protection Program. The program was designed to help companies stay afloat during the coronavirus pandemic by providing them with forgivable loans to cover their payroll and operating expenses. Eligible businesses can apply for PPP loans through commercial banks.
Once a business is approved and receives a PPP loan, they are expected to adhere to specific guidelines on how the funds can be spent. As with any government funding, fraudulent activity is a concern, and investigations are conducted to determine if criminal charges should be pursued for violations of the PPP program.
Federal prosecutors and agents may target individuals or businesses who have violated the terms of the PPP program in the following ways: -submitting false or fraudulent information on a PPP loan application -applying for PPP loans from multiple lenders (loan stacking) -fraudulent loan certification -using PPP funds for an unapproved purpose -lying to federal agents during a PPP loan fraud audit
One of the most common forms of PPP loan fraud is loan application fraud. Companies that misrepresent information on their loan application in order to fraudulently claim eligibility may face criminal prosecution. Examples of such misrepresentation include: -inflating the number of employees (most PPP loans require companies to have 500 or fewer employees) -misclassifying employees as independent contractors -misrepresenting that the company meets small business eligibility standards -inflating payroll costs to increase the loan amount
Those charged with PPP loan fraud may face criminal and civil penalties. While there is no specific federal statute for PPP loan fraud, most cases are prosecuted under the following laws: -18 U.S.C. 1343 (wire fraud) -18 U.S.C. 1344 (bank fraud) -18 U.S.C. 1014 (false statements to a financial institution) -18 U.S.C. 1349 (conspiracy to commit fraud)
It’s worth noting that even if you did not make any false statements or take any money, you could still be charged with federal conspiracy.
Please fill out the form below to receive a free consultation, we will respond to
your inquiry within 24-hours guaranteed.