Again, no. Being contacted by the Treasury Department about your EIDL debt does not necessarily mean you are being accused of fraud. While the SBA has a duty to pursue the repayment of EIDL…
Who Is Involved? Various federal entities are involved in PPP fraud investigations, as are individuals and private organizations. The FBI, DOJ, IRS, SBA, and SBA-OIG can be involved in all aspects of the process;…
The White Collar Criminal Defense Team at Spodek Law Group is available to assess your case and discuss how we can defend you against allegations of COVID loan fraud. Some common reasons for needing…
What is Section 2113(a)? Section 2113(a) defines the federal crime of bank robbery. It states that it is unlawful to: “take, with intent to take, or attempt to take,... by force, violence, or intimidation,…
There are two significant misunderstandings that have circulated regarding federal EIDL fraud charges. The first is the idea that there is an “average sentence” for an EIDL fraud conviction. While there are several common…
U.S.C. § 1344 criminalizes, in paraphrase, any scheme or artifice to defraud a financial institution and the obtainment of any or all of [a financial institution’s] money, funds, credits, assets, securities, or other property,…
If you are facing charity fraud allegations, determine whether you are being investigated for your personal involvement or on behalf of a charitable organization. Even though it might be in the best interests of…
“PPP fraud” is an umbrella term; it is not, in itself, a crime under federal law. To target alleged PPP fraud, federal prosecutors must use federal fraud statutes and specific PPP-related crimes. In particular,…
Yes, a single PPP misstatement can subject a borrower or other defendant to both civil FCA liability and criminal charges. The two statutes impose different knowledge standards, one permitting proof through reckless disregard under…
The submission of false information, through misrepresentation, fabrication, omission, or a combination of these methods, in order to obtain insurance proceeds to which the applicant or policyholder is not legally or contractually entitled is…