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Faced 10+ Years in Prison

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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

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Accused of stalking Alec Baldwin. The case garnered nationwide attention, with USAToday, NYPost, and other media outlets following it closely.

Faced Potential Charges

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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.
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What happens if you commit PPP Fraud?

By Spodek Law Group | February 15, 2023
(Last Updated On: October 17, 2023)

Last Updated on: 17th October 2023, 10:57 pm


What Happens if You Commit PPP Fraud?

The Paycheck Protection Program (PPP) was supposed to be a lifeline for small businesses struggling during the pandemic. But some business owners saw it as an opportunity to score easy money through fraud. So what actually happens if you get caught committing PPP fraud?

Well, for starters, it’s illegal. The Department of Justice is aggressively pursuing PPP fraud cases and doling out serious punishments. We’re talking massive fines, decades in prison, and forfeiture of assets. Not exactly a slap on the wrist!

To understand the consequences, it helps to know how the feds are catching the fraudsters. In many cases, they’re following the money trail and noticing red flags like:

  • Businesses that received loans but didn’t actually have employees or operations.
  • Owners who spent PPP money on fancy cars and vacations instead of payroll.
  • Dodgy paperwork with fake employee names or inflated numbers.

When they dig into these suspicious cases, investigators often uncover brazen schemes to bilk the government out of hundreds of thousands or even millions of dollars. Needless to say, that doesn’t sit well with the feds.

Massive Fines

Aside from prison, defrauding the PPP program can lead to massive financial penalties. We’re talking fines of $250,000 to $1 million in some cases. Not to mention having to repay the loan amounts themselves, which can be hundreds of thousands of dollars.

For instance: – A Georgia man got sentenced to over 3 years in prison and has to pay $1.6 million in restitution for a fake PPP loan.

– A Texas man pleaded guilty to defrauding over $17 million from PPP and got hit with an $800,000 money judgment.

And if you think bankruptcy will erase these debts, think again. Most criminal restitution and ill-gotten gains cannot be discharged through bankruptcy.

Asset Forfeiture

If you scored big through PPP fraud, the feds may seize your assets and force you to forfeit the illicit proceeds. We’re talking luxury cars, jewelry, homes, bank accounts – anything purchased with the dirty money.

For example, a Rhode Island man bought an alpaca farm, designer clothing, and gift cards with his $500,000 PPP loan. He got caught and had to forfeit it all.

The DOJ also seized a $328,000 Lamborghini Huracán from another PPP fraudster who blew the loan on the supercar. Pretty bold purchase with stolen taxpayer funds!

Banned from Government Contracts

Many PPP scammers own companies that do business with the government. If convicted of program fraud, they can be banned from future federal contracts and become essentially blacklisted.

This is more than just losing eligibility for loans and grants. For contractors, it can mean the end of their entire business model if they rely on government work. Talk about a major consequence that fraudsters may not see coming.

Tarnished Reputation

Being splashed across the news for PPP fraud can also destroy reputations and careers. Just ask NFL player Josh Bellamy who got cut by the Jets after getting charged for misusing over $1.2 million in PPP loans.

Beyond the humiliation, it becomes much harder to get loans, mortgages, security clearances, licenses, and jobs. Who wants to hire or work with someone convicted of COVID relief fraud? It’s a reputation stain that’s almost impossible to undo.

The Bottom Line

Trying to cheat the PPP program might seem tempting if you’re struggling, but it’s just not worth the insane legal risks. We’re talking decades behind bars, seven-figure fines and penalties, seized assets, destroyed careers and reputations…you name it.

The feds are aggressively pursuing fraud cases and have sophisticated tools to catch even the smallest discrepancies. If you lied or misused funds, it’s only a matter of time before they figure it out.

So do yourself a favor – find legitimate ways to access COVID relief funds or other assistance. The temporary gain isn’t worth permanently ruining your life over. Let the PPP scammers’ harsh punishments be a warning!

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

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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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