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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.

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Clients can use our portal to track the status of their case, stay in touch with us, upload documents, and more.

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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 Should I Do if Facing Bank Fraud Charges for PPP Issues?

What Should I Do if Facing Bank Fraud Charges for PPP Issues?

Dealing with potential bank fraud charges related to the Paycheck Protection Program (PPP) can be an incredibly stressful and confusing situation. As a small business owner who applied for these emergency loans during an unprecedented global pandemic, you likely had the best intentions of keeping your business afloat and employees paid. However, errors or miscalculations in the application process could unintentionally lead to criminal charges.If you find yourself facing accusations of bank fraud, wire fraud, or making false statements in relation to PPP loans, it’s imperative that you don’t go through this alone. The experienced white collar criminal defense attorneys at [Firm Name] are here to guide you through this process and protect your rights every step of the way. Keep reading to learn more about potential PPP bank fraud charges, possible defenses, and proactive steps to take if you find yourself under investigation.

Overview of Potential PPP Bank Fraud Charges

The Paycheck Protection Program was launched in April 2020 as part of the CARES Act to deliver emergency capital to small businesses impacted by COVID-19. In the rush to apply and disburse funds quickly, both applicants and lenders made mistakes leading to allegations of fraud for some PPP recipients. As federal investigators audit more emergency loans, criminal charges could arise relating to:

  • Wire fraud – Falsifying information or documentation to obtain PPP loan funds.
  • Bank fraud – Making false representations or statements to receive money from an FDIC-insured bank.
  • Making false statements – Providing inaccurate or doctored paperwork, tax documents, payroll records, number of employees, or other reporting.

The penalties for federal bank fraud convictions are severe, including hefty fines and years in prison. It’s critical to consult an attorney as soon as you learn you are under investigation to protect yourself.

Common PPP Issues Leading to Alleged Fraud

Honest mistakes or misunderstandings of PPP loan rules could wrongly appear fraudulent to investigators. Some common scenarios include:

  • Incorrect calculation of payroll costs – Determining the maximum loan amount can be tricky for seasonal businesses, contractors, sole proprietors, and others with fluctuating income. An inaccurate calculation could seem purposefully inflated.
  • Inability to produce required documentation – Failure to provide evidence of qualifying expenses, number of employees, tax documents or other paperwork could raise suspicions even if records were simply lost or disorganized.
  • Misuse of funds – While the rules evolved, some early misunderstanding of how funds could be spent might be alleged as improper use by prosecutors.

If charged, the burden would be on you to show these issues were unintentional errors, not deliberate attempts to commit fraud.

Building a Strong Defense Against PPP Bank Fraud Charges

The skilled white collar crime attorneys at [Firm Name] have successfully defended business professionals against complex fraud accusations and related financial charges for decades. If facing prosecution for PPP loan issues, key elements of a strong defense case could include:Demonstrating good faith efforts – While mistakes may have happened in your application paperwork, you likely acted in good faith and relied on the best information you had at the time. We can show the jury you had no ill intent.Highlighting the chaotic, rushed process – The enormous demand for emergency PPP loans required lenders and applicants to move at unprecedented speed. Documentation requirements and rules seemed to change daily in this volatile climate. It would be understandable for errors to occur under such intense pressure.Disputing allegations of personal gain – These loans were intended to cover essential business expenses during state-ordered shutdowns to control the virus’ spread. You likely did not benefit personally and were simply trying to survive.Focusing on corrected errors – As soon as any application issues came to light, you took responsibility and fixed them. This accountability and transparency works in your favor.

Take These Steps If Facing PPP Fraud Charges

If you have reason to believe you are under investigation or could soon face criminal prosecution related to your COVID relief loan application, immediate action is critical for protecting yourself:

  • Consult an attorney – Do NOT speak to investigators without qualified legal counsel present to defend your rights. Anything you say can be used against you.
  • Gather documentation – Collect any paperwork, emails, texts and evidence relating to your PPP loan application, funds receipt and expenditures. An attorney can help organize this critical information.
  • Write a timeline – Document to the best of your recollection the complete timeline of your loan application, approval, expenses, interactions with lenders and more. This can help jog your memory if testifying.
  • Avoid retaliatory actions – Under pressure, it’s tempting to want to strike back against perceived injustices. Resist taking retaliatory actions which could further implicate you. Let your attorney do their job.

We have an exceptional track record guiding clients to positive resolutions of federal fraud accusations. Call us today for a free case review, and we’ll discuss defense strategies tailored for your unique PPP loan situation.

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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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