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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


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.

Brooklyn PPP and EIDL Loan Fraud Lawyers

By Spodek Law Group | February 15, 2023
(Last Updated On: July 28, 2023)

Last Updated on: 28th July 2023, 07:22 pm

Could Your Company Face Prosecution for PPP Loan Fraud?

The global pandemic has hit businesses hard. The US government has offered some relief to small and medium-sized businesses through the Paycheck Protection Program (PPP). The program provided almost $350 billion in federal funds for businesses affected by the COVID-19 crisis. However, with the funds running out within minutes, many companies that should have received the loan were left out in the cold.

Anytime a federal program offers financial relief to businesses, there are going to be questions raised about fraud. The PPP is no exception. The nature of the PPP and the extraordinary rate at which its multi-billion-dollar allocation was depleted mean that many companies that received PPP loans can expect to face heavy scrutiny from federal authorities.

Identified Fraud Concerns in Relation to the PPP

Various fraud concerns have been identified in relation to the PPP. The U.S. Treasury Department’s Office of the Comptroller of the Currency (OCC) is seeking input from lenders about how to improve future programs and address issues that have arisen out of PPP. Fraud identification is likely to be the subject of increased focus given the disorganized nature of the application rollout. The government has the ability to track the distribution of all funds from the Paycheck Protection Program. Companies that received funds from more than one lender may become early targets in the government’s efforts to prosecute PPP fraud.

Other fraud concerns related to the PPP include misrepresentation of information on loan applications. This includes the number of employees and the company’s payroll costs in order to increase the loan amount. The mandatory certifications for securing PPP loans must be made in good faith, and any bad-faith certifications have the potential to lead to charges for federal fraud.

What Constitutes PPP Loan Fraud?

As with all types of federal programs, there are various acts and omissions that have the potential to lead to allegations of federal fraud in relation to the PPP. The following are all possible allegations of fraud in relation to the PPP:

Loan “Stacking”
PPP Loan Application Fraud
Fraudulent Loan Certification
Using PPP Funds for Ineligible Business Purposes
Using PPP Funds for Fraudulent Purposes
Fraudulent Loan Forgiveness Certification
Misrepresenting or Concealing Information During a PPP Audit or Investigation

What Companies Need to Do to Avoid Prosecution?

Companies that received PPP funds must thoroughly document the source of payment for all eligible and non-eligible expenses. This will help them demonstrate compliance in the event of a federal audit or investigation. They must also be extremely careful to avoid disclosing potentially harmful information and avoid making any misrepresentations or concealing pertinent information. Making false statements or withholding information required to be disclosed to federal authorities is a form of fraud, and companies could potentially face prosecution for making false statements to federal law enforcement agents.


The PPP was created to provide much-needed financial relief to small and medium-sized businesses affected by the COVID-19 crisis. Despite its size, the program effectively ran out of funds within minutes, and many companies that should have been eligible to receive loans were left out in the cold. The potential for fraud is high, and the government is looking to prosecute companies that fraudulently obtained loans through the PPP. Companies must be extremely cautious and ensure that they comply with all requirements to avoid prosecution.

What Are the Consequences of PPP Loan Fraud?

Companies that are found guilty of PPP loan fraud can face significant consequences. They may be required to pay back the funds they received, along with interest and penalties. The company’s reputation may also be severely damaged, potentially resulting in a loss of business.

In addition to financial and reputational damage, companies that are found guilty of PPP loan fraud may face criminal charges. This includes charges of wire fraud, bank fraud, and making false statements to the government. Individuals who are personally involved in fraudulent activities may also face prosecution. The penalties for these crimes can be severe, including significant fines and imprisonment.

How Can Companies Protect Themselves from PPP Loan Fraud?

To protect themselves from PPP loan fraud, companies must ensure that they comply with all program requirements. This includes accurately representing the company’s number of employees and payroll costs on loan applications, using funds only for eligible expenses, and providing accurate documentation to support loan forgiveness requests.

It is also important for companies to retain experienced federal counsel who can help them navigate the complex regulations associated with PPP loan eligibility and forgiveness. Legal counsel can also help companies prepare for audits and investigations and ensure that they are in compliance with all requirements.

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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

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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 feel comfortable and confident that the team was going to work hard for me. Everything was explained and any concerns...

~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

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