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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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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.

Florida PPP – SBA – EIDL Loan Fraud Lawyers

By Spodek Law Group | September 12, 2023
(Last Updated On: September 12, 2023)

Florida PPP Loan Fraud Lawyers

The Paycheck Protection Program (PPP) was created in 2020 as part of the CARES Act to provide small businesses with loans to help them stay afloat during COVID-19 shutdowns. The loans were designed to cover payroll, rent, utilities and other expenses. The expectation was that the loans would help keep employees on payroll and allow businesses to quickly ramp up once the pandemic passed.

The loans came with an important provision – they could be entirely forgiven if the borrower used at least 60% of the funds toward payroll costs. This forgiveness clause made the loans very appealing to small business owners who were facing steep revenue declines. However, it also created an opening for abuse and fraud given the rush to get funds out the door.

Now, federal prosecutors are going after those who they believe intentionally misused PPP funds or made false statements on their loan applications. Charges range from wire fraud, bank fraud and making false statements to lenders. Defendants face hefty fines and years in prison if convicted.

For small business owners caught up in these allegations, having an experienced white collar defense lawyer can mean the difference between avoiding criminal charges altogether versus a felony conviction that could ruin their business and personal finances. Here’s an overview of PPP loan fraud issues and how a qualified legal team can help.

Where Are Most PPP Fraud Cases Occurring in Florida?

Florida is among the states with a high number of PPP fraud-related prosecutions. The U.S. Attorney’s Office in South Florida, which covers the Miami metro area, has been particularly active. Prosecutors have charged dozens of individuals and entities with PPP loan fraud over the past two years. Central Florida, including the Orlando and Tampa areas, has also seen numerous cases.

Federal investigators are data mining loan applications looking for red flags like:

  • Loans deposited into personal accounts rather than business accounts
  • Funds used to buy luxury items, pay off debts or other unauthorized purposes
  • Fake or inflated payroll numbers on applications
  • Multiple loans obtained for the same business
  • Loans obtained for fake or inactive businesses
  • Borrowers with criminal records for financial crimes applying for loans

U.S. Attorney Juan Antonio Gonzalez has said South Florida is a hotbed for fraud in part because of the large number of small businesses in the region. Palm Beach, Broward and Miami-Dade counties received nearly 100,000 PPP loans worth over $10 billion. When that much money is distributed quickly, prosecutors expect a certain level of fraud will occur.

PPP Loan Fraud Charges Being Pursued in Florida

Federal prosecutors are building cases using charges such as:

Wire fraud – Using electronic communications to execute or attempt to execute a scheme to defraud. This includes email, phone calls, electronic fund transfers etc.

Bank fraud – Scheme to defraud a financial institution or obtain money under its control through false or fraudulent representations.

Making false statements to a lending institution – Providing false information to a bank or other lending institution to influence a loan decision.

Money laundering – Engaging in transactions involving funds obtained illegally to conceal their criminal source.
Aggravated identity theft – Using someone else’s personal identifying information without authorization as part of a crime.

These white collar offenses can lead to serious penalties if not properly defended against. Wire fraud and bank fraud each carry a maximum sentence of 30 years in prison and a $1 million fine. False statements can lead up to 30 years and $1 million per statement. Money laundering carries up to 10 years per count. Aggravated identity theft has a mandatory minimum 2 year prison sentence.

In addition to criminal prosecution, the government can pursue civil charges against PPP fraudsters to recoup funds. The Small Business Administration has already clawed back misused loans through debt collection proceedings. Borrowers can be ordered to repay loans plus interest, fees and other costs.

How an Experienced Attorney Can Defend PPP Fraud Cases

When facing PPP loan fraud accusations, it’s essential to engage an attorney experienced in complex white collar criminal defense as early in the process as possible. An experienced federal crimes lawyer can often intervene before charges are filed to convince prosecutors not to pursue a case.

Once charges are filed, an attorney’s in-depth knowledge of federal law and prosecution procedures becomes vital. For example, they will look for illegal searches or other constitutional violations that could result in evidence being suppressed or thrown out.

An effective defense lawyer will also thoroughly examine the paper trail to look for inaccuracies, missing documentation and other lapses that undermine the prosecution’s case. They can often demonstrate a client acted in good faith and did not intentionally mislead lenders. Negotiating a plea deal or seeking charge dismissals are other avenues skilled counsel can pursue.

If a trial becomes necessary, federal crime lawyers have the courtroom skills to counter prosecution arguments and present exculpatory evidence. Their relationships with expert witnesses can also bolster the defense.

Suppress evidence obtained illegally – An experienced attorney will look for 4th Amendment violations and other procedural errors to get damning evidence barred from trial.

Attack flaws in prosecution’s case – By relentlessly picking apart the prosecution’s position, an attorney can often raise sufficient doubt for acquittal.

Negotiate plea deal – An attorney may be able to negotiate a plea to reduced charges or secure a favorable sentencing recommendation.

Seek charge dismissals – By highlighting problems with the government’s legal theory or evidence, charges can potentially be dismissed.

Present exculpatory evidence – A skilled lawyer will seek out evidence and witnesses to counter prosecution arguments.

Raise improper government conduct – Unscrupulous tactics by investigators can sometimes lead to charges being dismissed.

Develop technical arguments – Nuanced legal arguments can be made around things like statute of limitations, entrapment, federal jurisdiction etc.

Present mitigating circumstances – The defense can raise justifications, explanations and mitigating factors to reduce culpability.

Advocate for diversion programs – First offenders may be able to avoid prosecution by completing programs like pretrial diversion.

Argue against incarceration – The defense can advocate for probation, home confinement or other alternatives to imprisonment.

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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...

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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 feel comfortable and confident that the team was going to work hard for me. Everything was explained and any concerns...

~A G

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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...

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