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.
Bakersfield PPP and EIDL Loan Fraud Lawyers
As the nation continues to grapple with the financial fallout of the coronavirus pandemic, PPP loan fraud investigations are on the rise, leaving many businesses and individuals feeling uncertain and vulnerable.
Federal prosecutors and criminal investigators from various federal agencies have launched an active pursuit of possible PPP loan fraud and other CARES Act violations in an effort to recover money that may have been fraudulently obtained from coronavirus relief programs.
But what exactly is PPP loan fraud? It’s when an individual or business submits false information in an application or certification for a loan under the federal Paycheck Protection Program (PPP). The PPP was created to help companies stay afloat during the pandemic by providing forgivable loans to cover payroll and operating expenses.
When a PPP loan fraud investigation is underway, the focus is to determine whether charges should be brought against someone for violating one or more of the strict requirements of the PPP loan program. Prosecutors are targeting businesses and individuals who may have violated the PPP loan program by:
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.
Making a false statement on the PPP loan application
Applying for PPP loans from multiple lenders (“loan stacking”)
Using PPP loan money for an improper or unapproved purpose
Submitting a false certification for PPP loan forgiveness
Not being truthful to agents during a PPP loan audit or investigation
It is important to note that a person charged with PPP loan fraud may face serious criminal and civil penalties. The most common criminal charges include:
Wire Fraud (18 U.S.C. Section 1343)
Bank Fraud (18 U.S.C. Section 1344)
False Statements to a Financial Institution (18 U.S.C. Section 1014)
Conspiracy to Commit Fraud (18 U.S.C. Section 1349)
If you have been contacted by a federal agent or another official about a PPP loan, it is crucial to be cautious. In recent cases, people who decided to talk to investigators without a lawyer ended up being charged with obstruction or making a false statement to the agents, in addition to PPP loan fraud. At Spodek Law PC, we advise our clients to contact us first before they discuss their loan application or business with a federal agent and certainly before they agree to provide any documents or business records to the government. We have been contacted by several people who had bank accounts frozen or seized by the government as part of a PPP loan fraud investigation, and we understand how stressful and overwhelming this can be. Trust us to guide you through this process and protect your rights.
Bakersfield PPP Loan Fraud Lawyers
The Paycheck Protection Program (PPP) was created to help businesses stay afloat during the coronavirus pandemic by providing forgivable loans to cover payroll and operating expenses. However, as the investigations into PPP loan fraud continue to rise across the country, it’s crucial to understand the gravity of this crime.
Federal prosecutors and criminal investigators from various federal agencies are actively on the hunt for possible PPP loan fraud and other CARES Act violations in an attempt to recover money that may have been fraudulently obtained from coronavirus relief programs. The focus of a PPP loan fraud investigation is to determine whether charges should be brought against someone for violating one or more of the strict requirements of the PPP loan program.
Businesses and individuals who may have violated the PPP loan program by making a false statement on the PPP loan application, applying for PPP loans from multiple lenders (“loan stacking”), using PPP loan money for an improper or unapproved purpose, submitting a false certification for PPP loan forgiveness or not being truthful to agents during a PPP loan audit or investigation may face serious criminal and civil penalties.
Wire Fraud, Bank Fraud, False Statements to a Financial Institution, and Conspiracy to Commit Fraud are some of the criminal laws that may be involved in a PPP loan fraud case. The penalties for these crimes can range from 20 to 30 years in prison.
If you have been contacted by a federal agent or another official about a PPP loan, it is crucial to seek legal counsel before discussing your loan application or business with a federal agent and certainly before providing any documents or business records to the government. At Spodek Law PC, we advise our clients to contact us first before they discuss their loan application or business with a federal agent. We have the experience and knowledge to help you navigate through a PPP loan fraud investigation and protect your rights.
