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.
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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.
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Last Updated on: 19th October 2023, 02:11 pm
Issuing a false financial statement can get a company into big trouble. It’s against the law to purposely report wrong financial information to investors or government agencies. Let’s break down what a false financial statement is, why companies do it, what the penalties are, and how companies can avoid making this mistake.
A false financial statement is when a company publishes financial information that is intentionally misleading or inaccurate. This includes lies about revenue, profits, assets, liabilities, or any other numbers that give investors the wrong idea about the company’s financial health.
Some common ways companies falsify financial statements:
Public companies are required to file regular financial reports with the SEC. Private companies don’t file with the SEC, but they still can’t lie on financial statements given to investors, lenders, or tax agencies.
Companies can also face huge lawsuits from shareholders for losses caused by the false statements. And they may get delisted from stock exchanges or go bankrupt from the reputational damage.
The best way for companies to avoid issuing false financials is to foster a culture of ethics from the top down. But there are some specific steps management can take:
Lying on financial statements may offer short-term gains. But in the long-run, honest and transparent reporting builds trust with stakeholders and leads to sustainable success.
Issuing false financial information is a serious offense with major consequences. Companies should take care to report accurate numbers and create a culture of integrity. This protects investors and the company itself from catastrophic damage down the road.
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