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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.

Why Choose Us

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.

What if I Unintentionally Violated PPP Loan Rules?

What if I Unintentionally Violated PPP Loan Rules?

Getting money from the government sounds great until you have to follow all their rules. The Paycheck Protection Program loans during COVID were a huge help for lots of small businesses – but now some folks are finding out they may have goofed on some of the fine print. If you took out a PPP loan and think you might have accidentally broken some of the program’s rules, don’t freak out. Here’s what you need to know.

Mistakes Happen

First off, don’t beat yourself up too much. These government programs can have super confusing requirements, and the PPP loans definitely fell into that category. Lots of business owners got tripped up on stuff like how to calculate payroll costs or what you’re allowed to spend the money on. Even bankers giving out the loans didn’t always get it right. Bottom line – if you made a mistake with your PPP loan, you’re definitely not alone.

The Most Common PPP Mix-Ups

While every PPP loan situation is different, there are some common ways folks unintentionally broke the rules. Here are some of the big ones:

  • Spending too much on non-payroll costs – You can only use 25% of the loan on rent, utilities, etc.
  • Not spending enough on payroll – At least 60% needs to go toward payroll.
  • Calculating payroll costs incorrectly – Lots of confusion around what counts.
  • Not meeting full-time employee thresholds – Loans over $2 million have staffing requirements.
  • Missing paperwork deadlines – You only have 10 months to apply for forgiveness.

If any of those sound familiar, here is some advice…

Should You Come Clean?

If you catch a mistake early, it’s best to be upfront and let your lender know ASAP. They may be able to fix it with no harm done. But what if it’s too late for that? Do you really need to confess you goofed?

Well, part of PPP loan forgiveness requires you to certify that you followed all the rules. If that’s not totally true for you, reporting it could technically be considered fraud. But unless you really took the money and ran, the consequences of admitting you messed up are usually pretty minor.

The Small Business subreddit has some good discussions on this. One user said they came clean about not meeting payroll requirements, and the only outcome was a slightly smaller loan forgiveness amount. Another said their CPA is having them repay about $1000 of their $20k loan. So while you don’t want to hide anything intentional, owning up to minor accidents is unlikely to turn into a big thing.

Can You Still Get Loan Forgiveness?

In most cases – yes. Unless you really broke the rules, there are options to correct your errors:

  • Adjust your forgiveness calculations
  • Change your loan forgiveness timeline
  • Return some of the loan principal

The Small Business Administration (SBA) and most lenders are focused on helping borrowers, not punishing them. As long as you aren’t hiding anything major or acting in bad faith, you can probably find a solution. This Avvo Q&A covers some good examples of fixing honest PPP mistakes.

Worst Case Scenarios

While the SBA is generally pretty flexible, they do still have enforcement options if someone is clearly abusing the system. Here are some scenarios that could lead to serious consequences:

  • Falsifying documents or lying on your loan application
  • Spending funds on personal costs instead of business needs
  • Deliberately overstating payroll numbers to get bigger loans
  • Taking multiple loans for the same business expenses

In cases like these, you may have to repay the full loan amount. You could also face civil and criminal penalties for financial fraud. So while minor slip-ups usually aren’t a huge issue, don’t mistake the PPP program’s generosity for being a free-for-all.

This FindLaw article has more details on potential penalties for PPP fraud.

Get Some Expert Help

Trying to fix PPP issues on your own can be frustrating and confusing. Most business owners don’t have time to become experts on complex government lending programs.

Instead, consider getting some professional assistance. Accountants and business lawyers regularly help clients correct PPP issues, negotiate with lenders, and properly document everything. This can give you confidence that any problems get fully resolved.

If your business is small, you may qualify for free or low-cost help. This LawInfo guide covers different options for PPP support available to small business owners.

Don’t Panic – You’ve Got Options

Accidentally breaking some obscure PPP rule doesn’t make you a criminal mastermind. The program has lots of complex requirements, and slip-ups happen. Don’t let worries about this ruin your mental health or business plans.

In most cases, being upfront now and working with your lender or the SBA will keep any problems from turning into a big mess later on. And getting some professional assistance can help ensure you check all the right boxes. With a proactive approach, a minor PPP mishap doesn’t have to turn into a major disaster.

The government spent over $800 billion on PPP loans, knowing that perfection wasn’t realistic. As long as you aren’t completely taking advantage of the system, you should be able to address any issues that come up. Stay positive and focus on moving your business forward.

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

~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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