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.
Iowa PPP Loan Fraud Lawyers
The Paycheck Protection Program (PPP) was a federal aid package for small and medium businesses worth over $650 billion. As part of the CARES Act, PPP loans offered a lifeline to companies affected by the COVID-19 pandemic. These potentially forgivable loans covered up to eight weeks of payroll, with the intention of stemming the tide of unemployment and helping small businesses weather the subsequent lockdowns.
However, as the media has brought increased attention to the PPP loan fund, the Small Business Administration (SBA) and the Treasury have released new guidance to help business owners reassess their eligibility. During the initial application, businesses were required to certify that “current economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant.” This vague statement caused confusion and led the SBA to release further guidance stating that borrowers must not be able to “access other sources of liquidity sufficient to support their ongoing operations in a manner that is not significantly detrimental to the business.”
Unfortunately, this statement is in direct conflict with the CARES Act’s express waiver of the SBA’s requirement that borrowers must specifically demonstrate they are unable to obtain credit elsewhere, leaving small business owners feeling stressed and confused about their legal liability.
In addition, the Department of Justice has stated that PPP loan proceeds must only be used for specific expenses, such as payroll costs, interest on mortgages, rent, and utilities. For the PPP loan and interest to be forgiven, businesses must use the funds within eight weeks of receipt and at least 75% of the total must be used for payroll. If these criteria are not met, the loan may not be forgiven and the business could face criminal penalties and substantial fines.
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.
In light of these confusing and ever-changing regulations, it is essential that small business owners seek legal counsel to ensure they are in compliance with PPP guidelines and to explore potential legal options for compensation.
PPP loan fraud occurs when companies or individuals game the Paycheck Protection Program by submitting multiple loan applications, misinterpreting material facts, using federal funds improperly, or obstructing audits and federal investigations. Some examples of fraudulent activity include buying luxury cars, real estate, and jewelry with PPP funds, and identity theft. To report abuse or fraud of the PPP program, you can submit a complaint to the Office of Inspector General (OIG) or file a “qui tam” claim under the False Claims Act (FCA) with the help of an attorney. Whistleblowers may be eligible for a percentage of funds recovered by the government and fraudulent business owners may be required to pay penalties and damages. However, proving fraud under the FCA requires evidence that the fraudulent party knowingly submitted a fraudulent application and received funds they were ineligible for or used in fraudulent ways. It is important to speak with an attorney to validate your claim and help you collect evidence if you suspect or have evidence of fraud.
Iowa PPP Loan Fraud Lawyers
As the COVID-19 pandemic continues to ravage the nation, the government has implemented various measures to provide aid to individuals and businesses affected by the crisis. One such measure is the Paycheck Protection Program (PPP), which is meant to provide financial assistance to businesses facing financial difficulties due to the pandemic. However, with such a large amount of money allocated to the program, it’s no surprise that the government and private banks have been working together to identify and prevent any irregularities or fraud in the application for PPP funds.
If your business or you as an individual are under audit or investigation for illegally receiving PPP funds, it’s crucial to retain a skilled federal criminal defense attorney to mitigate the risk of facing a federal criminal prosecution. Federal and state law enforcement agencies are actively conducting investigations of individuals or businesses that have applied for PPP loans, and they’re not just looking for PPP loan application fraud. They’re also on the lookout for loan stacking (where a company applies for PPP loans simultaneously with various banks), using PPP funds for unauthorized use, and fraudulent loan forgiveness certification.
Making false statements to federal law enforcement agents can be charged as a separate crime altogether, so it’s important to be diligent in avoiding the disclosure of information that may be incriminating, and not to make any misrepresentations in the course of an audit or investigation. If you have been charged or are under investigation for PPP loan fraud, it’s essential to seek the assistance and support of a federal criminal defense law firm with extensive nationwide experience with the Federal Court system.
Early intervention by counsel is key to a proper defense. Our federal criminal defense lawyers have successfully represented numerous clients in PPP loan fraud cases and have a deep understanding of the laws and regulations related to the PPP program. So, if you’re facing PPP loan fraud charges or are under investigation, don’t hesitate to contact us for a FREE CONSULTATION to assess your case and provide you with the best legal advice on how to proceed. Don’t let this unfortunate experience consume you, allow us to support you.
