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When you’re facing a federal issue, you need an attorney whose going to be available 24/7 to help you get the results and outcome you need. The value of working with the Spodek Law Group is that we treat each and every client like a member of our family.

NYC Investment Fraud Lawyers

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.

George FernandezGeorge Fernandez
14:16 30 Apr 24
Excellent 10 out of 10, Helped resolve my case. Jeremy explained everything and made everything easy to understand.
21:33 24 Apr 24
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!
Yelva Saint-PreuxYelva Saint-Preux
19:26 19 Apr 24
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.
Katherine SunKatherine Sun
18:08 18 Apr 24
my lawyer is Alex Zhik. Efficient, patient and professional
Nun yaNun ya
17:48 18 Apr 24
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.
Keisha ParrisKeisha Parris
20:45 15 Mar 24
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.
Taïko BeautyTaïko Beauty
16:26 15 Mar 24
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!
K MarK Mar
01:37 25 Jan 24
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.

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

– Fines
– Prison time
– Restitution
– Probation

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.

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