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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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Clients can use our portal to track the status of their case, stay in touch with us, upload documents, and more.

Regardless of the type of situation you're facing, our attorneys are here to help you get quality representation.

We can setup consultations in person, over Zoom, or over the phone to help you. Bottom line, we're here to help you win your case.

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Meet Todd Spodek

WE PROVIDE WHITE GLOVE SERVICE TO CLIENTS
WHO WANT MORE FROM THEIR ATTORNEY

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.

NYC Ponzi Schemes Lawyers

A Ponzi scheme occurs when an individual seeks investment in a fraudulent or nonexistent project or some other fraudulent vehicle to make money. Original investors are actually repaid with money that is raised from secondary investors, and the scheme generally dies out when it is no longer possible to find anyone to provide cash. Let’s look at what types of penalties an individual could face if convicted of operating a Ponzi scheme.

Multiple Charges Could Be Pending

As there are many elements to a Ponzi scheme, there are many charges that an individual may face. For instance, it may be possible to be charged with fraud as you are materially misrepresenting yourself to investors or others who may have given you money. A charge of bank or mortgage fraud may also be forthcoming if you lied on a loan or mortgage application.

If you tried to use government loans to start your scheme or finance it in any way, federal charges could be levied in addition to state charges. This may also be true if your Ponzi scheme involved investors or banks in multiple states. The FBI may also get involved if you have multiple people helping you with your scheme or there were multiple investors who were defrauded.

How to Defend Yourself Against the Charge

If you are charged with committing a Ponzi scheme, you may argue that there was no intent to defraud anyone. This may be done by showing that there was actually an investment opportunity that was to return capital to investors. For instance, if you offered a return to those who invested in a building project, you may be able to show details of that project.

Assuming that you can show that the project died because of circumstances beyond your control, it may be possible to have the charge dropped. The same may be true if you are able to show that you put investor’s money into a legitimate account that simply stopped paying out as much as it did in the past. For instance, a company with a large dividend may offer larger returns than usual.

However, that is not illegal, and it is common for companies offering such dividends to cease operating at some point. The dividend is a sign of poor fiscal health or other signs of decay within the company. Ultimately, as long as you represent yourself accurately to investors, it is on them to determine if an investment is worth risking their capital.

What Penalties Could You Face for Engaging in a Ponzi Scheme?

If you engage in a Ponzi scheme, you could face a variety of penalties such as <u>jail time, a fine and restitution</u>. The extent of your jail sentence may depend on the size and scope of the fraud. In most cases, this is determined by how much money you stole or otherwise defrauded people and banks out of.

It is possible that you will spend the rest of your life in jail depending on your age and health. If you are out released from prison, you may be barred from engaging in most types of financial transactions such as being a mortgage or stock broker. You may also have a hard time getting loans or other credit in the future.

Your attorney may be able to explain in better detail the specific penalties that you face as well as how to plea your case. Depending on the facts in the case and your role in the scheme, it is possible that you will be given a plea deal in exchange for your cooperation. While you may still go to jail, the sentence will generally be shorter, and it may be possible to spend you time at a minimum security facility.

A charge that you operated a Ponzi scheme is one that you should not take lightly. Instead, you should hire an attorney who can help you defend yourself in court and clear your name. At the very least, your legal counsel will help you obtain as favorable a sentence as possible depending on the facts of your case.

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Testimonials

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

5 Stars
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, and my company Qumana skincare feel comfortable and confident that the team was going to work hard for me. Everything...

~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

Spodek Law Group

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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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