The Spodek Law Group is an elite criminal defense law firm that provides superior service and white glove professionalism, to a unique clientele nationwide. We handle tough cases that require experience, attention to detail, and excellence in order to win. With over 50 years of combined experience, we’ve handled national and international cases.
Service is paramount to results. We treat you like family, so you know what's going on always.
When you hire our criminal attorneys, you work directly with a senior attorney only.
We've been reviewed and rated as a top rated criminal defense law firm.
Our criminal defense law firms is one of the most successful defense law firms in the state of New York. We have a high success rate because we are very pragmatic when it comes to advising our clients on how to proceed – and to make sure their case ends in a positive outcome. Our goal is to help every single client get charges dismissed, or reduced. Because of our work, 100’s of people have been able to avoid criminal charges from being filed against them.
"Spodek Law Group have offered me excellent support and advice thru a very difficult time. I feel I've dealt with someone who truly cares and wants the best outcome for you and yours. I'm extremely grateful for all the help Spodek Law Group has offered me. I can't recommend them..."David Bruce
"Spodek Law Group was incredibly professional and has given me the best advice I could wish for. They had been helpful and empathetic to my stressful situation. Would highly recommend Spodek Law Group to anyone I meet."Rowlin Garcia
"Best service I ever had. Todd is absolutely class personified. You are in the safest hands with spodek. They have their clients interest in mind."Francis Anim
Wall Street is located in New York, and it’s one of the most prevalent investment areas in the world. New York is considered the investment capital of the nation, and it comes as no surprise to anyone. The rules required to operate as a legal investment entity are numerous, binding, and upheld in a court of law. All businesses and people acting as investment firms are required to adhere to strict financial, legal, and ethical guidelines. Anytime a company or investor fails to adhere to these specific guidelines and laws, they are guilty of investment fraud.
What is Investment Fraud?
Investment fraud is any sort of misrepresentation to the client when an investment takes place. Some of the most common examples of investment fraud include:
– Ponzi schemes: This occurs when an investor accepts money from a client to invest in a specific product, but uses the money given by another client or company to pay off the investors who ask for their payouts rather than investing their money. Investors typically recruit additional clients to invest their money so they can use those funds to repay other clients.
– Advance Fee Fraud: This occurs when an investor requires a client to pay them a fee upfront before they actual invest any of their funds. The Federal Trade Commission deems this illegal under the scope of the law.
– Financial statement fraud: This occurs when investors falsify information on financial statements that go out to their customers in one of two ways. They can overinflate the earnings their customer’s investments bring in to keep their customers, or they can underinflate the earnings their customers have so they can pocket the difference.
– High-Yield investment fraud: When an investor promises their clients a high rate of return that borders on unrealistic without any substantial risk to the investor, it’s called fraud because they investor usually purchases investments that are unregistered and/or sold by those without a license.
When an investor or company knowingly and willfully engages in any of this type of fraud, they can be held responsible in a court of law, sent to prison, required to pay restitution, and they lose any professional licenses they hold. The purpose of investment fraud criminal punishment is to protect investors. When a person approaches an investor to help with their portfolio and funds, they do so with a reasonable expectation their funds are being appropriated in a specific manner. Their funds are not used to the financial benefit of the person or company working for the client.
Penalties for Investment Fraud
Both criminal and civil charges can be brought against any investor accused of fraud, and they can reach the federal level in many cases. The type of punishment a person faces when accused of investment fraud varies. There are several details, additional crimes, and smaller charges brought against those who commit investment fraud it’s nearly impossible to determine the charges for any specific case without the details. Investment fraud that occurs through the use of electronics can be further defined and charged as wire fraud. If it’s done through the mail, mail fraud is added into the mix. Anyone charged with investment fraud faces the following punishments
– Prison time
Fines for anyone who commits investment fraud starts at $10,000 and goes up depending on the charges. Restitution requires fraudsters pay back their clients they money they stole. Incarceration can start at just a few years and last as long as several lifetimes depending on the severity of the charges, and the number of charges and their maximum prison term allowed. Probation time is standard starting at 5 years and can increase based on the number of charges a person is found guilty of.
A successful investment fraud case is handled by utilizing the experienced of a knowledgeable criminal defense attorney. Being charged with investment fraud means a defendant accumulates debts usually unaffordable for them, prison time, and the loss of their professional licenses. The entire future for a defendant is determined in a case like this, and a lawyer who knows what he’s doing in the courtroom is beneficial to all defendants.
Spodek Law Group have offered me excellent support and advice thru a very difficult time. I feel I've dealt with someone who truly cares and wants the best outcome for you and yours. I'm extremely grateful for all the help Spodek Law Group has offered me. I can't recommend them enough.
Spodek Law Group was incredibly professional and has given me the best advice I could wish for. They had been helpful and empathetic to my stressful situation. Would highly recommend Spodek Law Group to anyone I meet.
Best service I ever had. Todd is absolutely class personified. You are in the safest hands with spodek. They have their clients interest in mind.
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.
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