YOU MAY HAVE SEEN TODD SPODEK ON THE NETFLIX SHOW INVENTING ANNA
When you’re facing a federal issue, you need an attorney whose going to be available 24/7 to help you get the results and outcome you need. The value of working with the Spodek Law Group is that we treat each and every client like a member of our family.
Albuquerque PPP and EIDL Loan Fraud Lawyers
As the nation navigated the unprecedented challenges of the COVID-19 pandemic, the Paycheck Protection Program (PPP) was established to provide a lifeline for struggling small businesses. However, as our federal criminal defense attorneys have seen firsthand, the PPP also attracted a wide variety of fraudulent activity. From falsifying information on loan applications to misusing funds, these unscrupulous actions have not gone unnoticed by federal prosecutors.
Perhaps the most prevalent form of PPP fraud is application fraud. The CARES Act, which established the PPP, mandated that businesses provide accurate and truthful information on their applications, including the number of employees, employee payroll numbers, and the company’s salary and revenue. Providing false information on any of these points could result in criminal charges, particularly for companies that falsely claimed to have fewer than 500 employees or classified employees as independent contractors to qualify for the loan.
Another area of concern is the fraudulent use of PPP funds. The program was designed to help businesses pay for expenses such as rent, payroll, insurance, and utilities. Misusing the funds for personal expenses or luxury items instead of legitimate business expenses could result in criminal charges and the funds not being eligible for loan forgiveness.
In addition to fraud in the application and use of PPP funds, there have also been instances of fraud in the loan forgiveness certification process. To qualify for loan forgiveness, borrowers were required to certify that the loan was needed due to the pandemic, that the funds were used for the intended purposes, and that the business only received one loan. Providing false information or documentation in connection with a forgiveness application could lead to criminal charges.
If you are looking for a lawyer that listens, is aggressive where needed, and holds his word above all else, Todd is the best pick. I had hired multiple attorneys prior to hiring the Spodek Group for a white collar case. The first thing that stood out to me was the cost, as anyone going through the process and dealing with the system, money was tight at that time - especially after hiring and firing multiple lawyers. The cost was not as high as others which was definitely a plus. Todd's intake process was also unlike other attorneys. He took the time to actually listen. He cared. He was trying to put himself in my shoes while I was explaining the situation to him and he really took the time to understand the whole situation. Other lawyers will give you 15 mins and send you a retainer agreement. Not Todd, I think he spent almost two hours with me as I was explaining everything.Not only was he great during the onboarding process, he was supportive and very informative through the entire plea process and eventually sentencing. After hiring him, I asked if I should hire a prison consultant, he told me to save my money as he would do everything they would. He was right and held up to his word. Later on I would hear from others that went with the prison consultants that they were a waste of money - I am glad I listened to Todd!When it came time for sentencing, two days prior to sentencing, the prosecutor tried increasing my proposed prison time by almost double - apparently a normal move. Todd and his team worked with me non-stop through the weekend prior to sentencing to ensure that I was not given additional prison time. Again, he took the time to listen and came up with a strategy to explain the case with great detail.Unfortunately, I did plead guilty as that was my best option. Todd and his whole team wrote up nearly 300 pages of a summary of what happened and why I should not be given prison time. If I breakdown the amount I spent with Todd versus the amount of work that I saw being done, I am shocked I was not charged four times as much. The other benefit was, a lot of criminal defense lawyers were just a single attorney with a paralegal or two. Todd had a team of people that I dealt with (5-7 people that I interacted with), but he was ALWAYS accessible. It would never take him more than an hour to reply unless he was in court.I was sentenced to prison and I was emotionally distraught. Todd and his team did whatever they could even after sentencing to make sure I was alright. He personally stayed in touch with my family to ensure I was doing alright and offered support to them. Most lawyers would consider the job complete at sentencing, not Todd.After prison, Todd still spent time with me to make sure I was on the right track and avoiding any potential risks in the future. He has also been giving advice on how to navigate probation etc and has not been looking at the clock for billing.Although I wish I had never been arrested in the first place, I am glad I had Todd and his team in my corner. Without them I likely would have had to spend a lot more time in prison than I did.Thank you, Todd, and the entire Spodek Law team, for helping turn what was a nightmare into a manageable situation!
I am immensely grateful to the entire team at Spodek Law Group for their unwavering dedication and exceptional expertise throughout my case. From our initial consultation to the final resolution, their professionalism and tireless advocacy made all the difference. Their strategic approach and attention to detail instilled confidence in me every step of the way.Thanks to their hard work and commitment, we achieved a truly favorable outcome that exceeded my expectations. Not only did they navigate the complexities of my case with precision, but they also provided invaluable support and guidance during what was undoubtedly a challenging time. I cannot recommend Spodek Law Group highly enough, especially attorneys Todd Spodek and Claire Banks; they are beacons of excellence in the legal profession.YSP.
Todd, Ralph and Alex are amazing. Helped my husband get from a double digit number with multiple charges to a single digit, by the time I blink he will be out. They very professional and help with all your needs. They dealt with my anxiety and worry very well and they understand that your family member needs to get home as soon as possible.
Believe every single review here about Alex Z!! From our initial consultation, it was evident that Alex possessed a profound understanding of criminal law and a fierce dedication to his clients rights. Throughout the entirety of my case, Alex exhibited unparalleled professionalism and unwavering commitment. What sets Alex apart is not only his legal expertise but also his genuine compassion for his clients. He took the time to thoroughly explain my case, alleviating any concerns I had along the way. His exact words were “I’m not worried about it”. His unwavering support and guidance were invaluable throughout the entire process. I am immensely grateful for Alex's exceptional legal representation and wholeheartedly recommend his services to anyone in need of a skilled criminal defense attorney. Alex Z is not just a lawyer; he is a beacon of hope for those navigating the complexities of the legal system. If you find yourself in need of a dedicated and competent legal advocate, look no further than Alex Z.
I don’t know where to start, I can write a novel about this firm, but one thing I will say is that having my best interest was their main priority since the beginning of my case which was back in Winter 2019. Miss Claire Banks, one of the best Attorneys in the firm represented me very well and was very professional, respectful, and truthful. Not once did she leave me in the dark, in fact she presented all options and routes that could possibly be considered for my case and she reinsured me that no matter what I decided to do, her and the team will have my back and that’s exactly what happened. Not only will I be liberated from this case, also, I will enjoy my freedom and continue to be a mother to my first born son and will have no restrictions with accomplishing my goals in life. Now that’s what I call victory!! I thank the Lord, My mother, Claire, and the Spodek team for standing by me and fighting with me. Words can’t describe how grateful I am to have the opportunity to work with this team. I’m very satisfied, very pleased with their performance, their hard work, and their diligence.Thank you team!
I recently had Spodek Law Group represent me for a legal matter in NYC and I am thoroughly impressed with their services.Alex Zhik secured the best possible outcome for my case.It was a seamless journey from the initial consultation to the resolution of my legal matter. From the moment I spoke to Todd about my case, his enthusiasm to help was evident, setting a positive tone for the entire experience. The efficiency and professionalism displayed by the team is commendable.A particularly noteworthy aspect of their service is their user-friendly portal to upload your documents/evidence. This not only simplified the process, but showcases their commitment to streamline the client experience.Lastly, in an industry where legal fees can often be a concern, I found their pricing to be very reasonable, making needing legal assistance feel accessible and stress-free.I am grateful for their support and wouldn't hesitate to turn to them again in the future.
Finally, some businesses have attempted to obtain multiple PPP loans from different lenders, which is prohibited by the program. This type of fraud is easily detected by the federal government and could result in criminal charges. As the government continues to scrutinize PPP loans, any business that borrowed from more than one lender should seek the advice of a criminal defense attorney immediately.
In conclusion, the Paycheck Protection Program was created to help small businesses during a difficult time but unfortunately, it also attracted fraud. Businesses must be very careful when applying for and using PPP loan, and should seek legal advice if they are unsure about any aspect of the process. Federal prosecutors are aggressively pursuing criminal charges for any fraudulent conduct related to the Paycheck Protection Program, and businesses found to be in violation of the program’s rules could face significant consequences.
Albuquerque PPP and EIDL Loan Fraud Lawyers
As the world continues to grapple with the devastating effects of the COVID-19 pandemic, small businesses have been hit particularly hard. In an effort to provide financial relief to these businesses, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which established the Paycheck Protection Program (PPP) to offer forgivable loans to small businesses. However, as with any large-scale government program, fraud has emerged as a significant concern.
The PPP was created to help small businesses maintain their workforce, access working capital, and keep operations running normally during the pandemic. However, in the haste to get relief to businesses, some individuals and companies took advantage of the program by fraudulently obtaining loans. The government has responded by vigorously investigating and prosecuting allegations of PPP loan fraud, with entire sections of the Department of Justice dedicated to these investigations.
If you or your company are facing PPP loan fraud charges, it is crucial that you retain an experienced attorney as soon as possible. At our law firm, our criminal defense lawyers will gather all the necessary information, including evidence the government has against you, to review whether you have a strong defense against any allegations of fraud. We will reach out to the federal prosecutor or agents assigned to your case and provide them with information that can make a beneficial impact on your case.
Examples of PPP loan fraud include but may not be limited to: loan application fraud, loan stacking, fraudulent loan certification, using funds for ineligible purposes, and concealing or misrepresenting information during an audit. These actions can result in a range of charges, including making a false statement, bank fraud, and wire fraud, all of which carry severe penalties, including fines, imprisonment, and restitution.
At our law firm, we know what the government looks for in PPP loan fraud cases and will use this knowledge to your advantage. We will work tirelessly to reach a resolution that doesn’t involve formal criminal charges, and if charges have already been brought against you, we will aggressively negotiate and defend you at trial. With our help, you can navigate the complex legal landscape surrounding PPP loan fraud and protect your rights and interests.
