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Client Testimonials
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THE BEST LAWYER ANYONE COULD ASK FOR.
The BEST LAWYER ANYONE COULD ASK FOR!!! Todd changed our lives! He’s not JUST a lawyer representing us for a case. Todd and his office have become Family. When we entered his office in August of 2022, we entered with such anxiety, uncertainty, and so much stress. Honestly we were very lost. My husband and I felt alone. How could a lawyer who didn’t know us, know our family, know our background represents us, When this could change our lives for the next 5-7years that my husband was facing in Federal jail. By the time our free consultation was over with Todd, we left his office at ease. All our questions were answered and we had a sense of relief.
Forex involves trading one or more currencies against each other in an effort to profit from the rise or fall in their value. There are many ways in which you may invest in Forex, and some choose to make short-term trades while others choose to take long-term positions. However, if you take actions that manipulate the market or play a role in what the prices do in any way, you could be charged with Forex fraud.
What Is an Example of Forex Fraud?
Typically, you are allowed to both buy and sell currency at the same strike price at the same expiration date. You are also allowed to buy or sell options at a variety of strike prices to take advantage of price swings in your preferred time frame.
When someone says that you have committed Forex fraud, there is a good chance that someone has accused you of directly altering the market that sets the prices. This means that you have altered strike prices, altered the way that settlement prices are calculated or took other steps to artificially alter the reported value of a currency at a given time.
Having the ability to alter the market to suit your own needs is naturally an unfair advantage that threatens the integrity of the market itself. Therefore, you could face serious penalties if you are convicted of this crime.
If you are looking for a lawyer that listens, is aggressive where needed, and holds his word above all else, Todd is the best pick. I had hired multiple attorneys prior to hiring the Spodek Group for a white collar case. The first thing that stood out to me was the cost, as anyone going through the process and dealing with the system, money was tight at that time - especially after hiring and firing multiple lawyers. The cost was not as high as others which was definitely a plus. Todd's intake process was also unlike other attorneys. He took the time to actually listen. He cared. He was trying to put himself in my shoes while I was explaining the situation to him and he really took the time to understand the whole situation. Other lawyers will give you 15 mins and send you a retainer agreement. Not Todd, I think he spent almost two hours with me as I was explaining everything.Not only was he great during the onboarding process, he was supportive and very informative through the entire plea process and eventually sentencing. After hiring him, I asked if I should hire a prison consultant, he told me to save my money as he would do everything they would. He was right and held up to his word. Later on I would hear from others that went with the prison consultants that they were a waste of money - I am glad I listened to Todd!When it came time for sentencing, two days prior to sentencing, the prosecutor tried increasing my proposed prison time by almost double - apparently a normal move. Todd and his team worked with me non-stop through the weekend prior to sentencing to ensure that I was not given additional prison time. Again, he took the time to listen and came up with a strategy to explain the case with great detail.Unfortunately, I did plead guilty as that was my best option. Todd and his whole team wrote up nearly 300 pages of a summary of what happened and why I should not be given prison time. If I breakdown the amount I spent with Todd versus the amount of work that I saw being done, I am shocked I was not charged four times as much. The other benefit was, a lot of criminal defense lawyers were just a single attorney with a paralegal or two. Todd had a team of people that I dealt with (5-7 people that I interacted with), but he was ALWAYS accessible. It would never take him more than an hour to reply unless he was in court.I was sentenced to prison and I was emotionally distraught. Todd and his team did whatever they could even after sentencing to make sure I was alright. He personally stayed in touch with my family to ensure I was doing alright and offered support to them. Most lawyers would consider the job complete at sentencing, not Todd.After prison, Todd still spent time with me to make sure I was on the right track and avoiding any potential risks in the future. He has also been giving advice on how to navigate probation etc and has not been looking at the clock for billing.Although I wish I had never been arrested in the first place, I am glad I had Todd and his team in my corner. Without them I likely would have had to spend a lot more time in prison than I did.Thank you, Todd, and the entire Spodek Law team, for helping turn what was a nightmare into a manageable situation!
I am immensely grateful to the entire team at Spodek Law Group for their unwavering dedication and exceptional expertise throughout my case. From our initial consultation to the final resolution, their professionalism and tireless advocacy made all the difference. Their strategic approach and attention to detail instilled confidence in me every step of the way.Thanks to their hard work and commitment, we achieved a truly favorable outcome that exceeded my expectations. Not only did they navigate the complexities of my case with precision, but they also provided invaluable support and guidance during what was undoubtedly a challenging time. I cannot recommend Spodek Law Group highly enough, especially attorneys Todd Spodek and Claire Banks; they are beacons of excellence in the legal profession.YSP.
Todd, Ralph and Alex are amazing. Helped my husband get from a double digit number with multiple charges to a single digit, by the time I blink he will be out. They very professional and help with all your needs. They dealt with my anxiety and worry very well and they understand that your family member needs to get home as soon as possible.
Believe every single review here about Alex Z!! From our initial consultation, it was evident that Alex possessed a profound understanding of criminal law and a fierce dedication to his clients rights. Throughout the entirety of my case, Alex exhibited unparalleled professionalism and unwavering commitment. What sets Alex apart is not only his legal expertise but also his genuine compassion for his clients. He took the time to thoroughly explain my case, alleviating any concerns I had along the way. His exact words were “I’m not worried about it”. His unwavering support and guidance were invaluable throughout the entire process. I am immensely grateful for Alex's exceptional legal representation and wholeheartedly recommend his services to anyone in need of a skilled criminal defense attorney. Alex Z is not just a lawyer; he is a beacon of hope for those navigating the complexities of the legal system. If you find yourself in need of a dedicated and competent legal advocate, look no further than Alex Z.
I don’t know where to start, I can write a novel about this firm, but one thing I will say is that having my best interest was their main priority since the beginning of my case which was back in Winter 2019. Miss Claire Banks, one of the best Attorneys in the firm represented me very well and was very professional, respectful, and truthful. Not once did she leave me in the dark, in fact she presented all options and routes that could possibly be considered for my case and she reinsured me that no matter what I decided to do, her and the team will have my back and that’s exactly what happened. Not only will I be liberated from this case, also, I will enjoy my freedom and continue to be a mother to my first born son and will have no restrictions with accomplishing my goals in life. Now that’s what I call victory!! I thank the Lord, My mother, Claire, and the Spodek team for standing by me and fighting with me. Words can’t describe how grateful I am to have the opportunity to work with this team. I’m very satisfied, very pleased with their performance, their hard work, and their diligence.Thank you team!
I recently had Spodek Law Group represent me for a legal matter in NYC and I am thoroughly impressed with their services.Alex Zhik secured the best possible outcome for my case.It was a seamless journey from the initial consultation to the resolution of my legal matter. From the moment I spoke to Todd about my case, his enthusiasm to help was evident, setting a positive tone for the entire experience. The efficiency and professionalism displayed by the team is commendable.A particularly noteworthy aspect of their service is their user-friendly portal to upload your documents/evidence. This not only simplified the process, but showcases their commitment to streamline the client experience.Lastly, in an industry where legal fees can often be a concern, I found their pricing to be very reasonable, making needing legal assistance feel accessible and stress-free.I am grateful for their support and wouldn't hesitate to turn to them again in the future.
What Are the Penalties for Forex Fraud?
There are usually civil as well as criminal penalties for a conviction of Forex fraud. You may be sentenced to several years in prison, probation or some combination of the two. Furthermore, you may have to pay a large fine in addition to restitution to either the market makers or the broker that was offering the trades that you profited from illegally.
It is possible that you will lose your ability to be a market maker or a broker in the future. You may also be banned from trading on the Forex market either directly or through the use of a third-party. Finally, your reputation as a professional and a person could be tarnished if you are convicted, which makes it imperative that you hire an attorney to help dispute the charge.
What Will an Attorney Do to Dispute the Charge?
As with anything that is done electronically, it may be possible to show that you weren’t the one who committed the fraud. Instead, an attorney may present evidence that your computer was hacked or that someone used your IP address to commit fraud in your name.
While this may take time to prove in an objective manner, it could result in all charges being dropped. It would also be a huge step toward clearing your name and helping you to restore your reputation as a trader and as a person who believes in the integrity of the market.
In the event that you have committed fraud, it may be possible to show that you didn’t mean to do so. Your attorney may also argue that you did so under the orders of a supervisor or someone else who compelled you to take illegal actions.
Even if you have committed fraud intentionally, it may be possible to earn a favorable sentence. This may happen if you plead guilty or agree to cooperate with authorities in an effort to catch others who may have engaged in Forex fraud or other illegal activities.
The Importance of Legal Representation
A charge of committing Forex fraud could create serious personal, professional and legal issues for you. Therefore, it is critical that you understand the charge against you, why you have been charged and what you can do to fight it. Remember, simply being charged doesn’t mean that you are guilty, and you have no obligation to admit guilt or do anything that could incriminate you.
If you are facing Forex fraud charges, it is crucial to seek the assistance of an experienced white collar crime defense attorney as soon as possible. At Spodek Law Group, our skilled attorneys have extensive experience defending clients against complex financial crime charges, including Forex fraud. We will work tirelessly to protect your rights, investigate the allegations against you, and develop a strong defense strategy tailored to your unique case.
Don’t let Forex fraud charges jeopardize your freedom, your career, and your future. Contact Spodek Law Group today for a confidential consultation with one of our knowledgeable Forex fraud defense lawyers. We are here to help you navigate this challenging time and fight for the best possible outcome in your case.
