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Houston PPP – SBA – EIDL Loan Fraud Lawyers
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Houston PPP and EIDL Fraud: What You Need to Know
The COVID-19 pandemic led the government to quickly roll out relief programs like the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) program. These provided a lifeline for many businesses and people impacted by COVID-19. But they also created opportunities for fraud.
The Risk of Fraud
With limited safeguards and quick dispersal of funds, some folks sadly took advantage. They filed fraudulent applications, falsified records, or misused the money. Now federal prosecutors are aggressively going after this fraud, especially in Texas.
Serious Charges and Penalties
PPP and EIDL fraud can lead to felony charges like wire fraud, bank fraud, false statements, and identity theft. Just look at this Houston woman charged with PPP and EIDL fraud. She faces 20+ years in prison. The penalties are no joke – years behind bars, massive fines, restitution payments, asset forfeiture. It’s terrifying.
Building a Strong Defense
If you’re facing charges, having an experienced federal defense attorney is critical. A good lawyer can analyze the case, find weaknesses, and build a defense strategy focused on:
- Proving you lacked criminal intent
- Highlighting vague program rules
- Distinguishing unapproved uses from misrepresentations
- Seeking cooperation credit
This can lead to reduced charges, no trial, or charges dismissed altogether. The right legal strategy makes all the difference.
Choosing the Right Attorney
Pick a lawyer with extensive experience specifically with federal cases, financial crimes, and fraud charges. Look for someone well-respected in Houston’s legal community. It also helps to choose a local lawyer rather than an out-of-state firm. Your attorney needs connections with Houston’s prosecutors and judges.
Make sure you feel comfortable communicating with your lawyer. Fraud cases get technical, so you need someone who explains things clearly. And you want a lawyer you trust and can be open with about sensitive details.
The Cost of a Federal Defense Lawyer
Quality representation costs money, with top Houston lawyers charging $350-$500+ per hour. For a fraud case, you may spend $25,000-$100,000+ start to finish. It’s a major investment, but crucial when your freedom is at risk.
Look for payment plans to ease the financial burden. Get fee estimates in writing. Additional expenses like investigators may arise too.
Act Quickly
If you’re being investigated for PPP, EIDL, or COVID relief fraud, getting a lawyer immediately is imperative. They can get ahead of charges and start building your defense right away. Don’t wait – the earlier you get help, the better.
Facing federal fraud charges is scary. But an experienced Houston defense attorney can guide you through the process. There are options for protecting your rights and future. Take that first step and contact a lawyer you trust.