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.
Ohio PPP and EIDL Loan Fraud Lawyers
So here’s the deal, that old coronavirus pandemic, it hit businesses—and I mean hard, especially the smaller ones. To help ’em out, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, and with it came the birth of the Paycheck Protection Program (PPP). This bad boy authorized a gigantic sum of over $950 billion in forgiveable loans to help keep the doors of small businesses wide open and to keep their workforce chugging on.
But we live in the real world, don’t we? And in the real world, where there’s a large sum of money, there’s bound to be some sneaky fraud taking place. The government was onto it pretty quickly and found that some sly dogs were trying to get themselves fat PPP loans by bending the law. In response, the government’s cracking down, launching investigations and prosecutions to make sure the guilty parties answer for their actions.
Now, if you—or your business—is coping with PPP loan fraud charges, I totally get it, it’s one helluva ride and stressful as heck. But it’s crucial to keep in mind that you’ve got legal options and defenses up the wazoo. One defense might be that you had no intention to deceive or trick anyone. Maybe you accidentally provided some false information. Or another possible defense could be that the Small Business Administration goofed up.
As attorneys, we understand what a labyrinth these PPP loan fraud cases can become, and how serious the situation really is. The minute you hire Todd Spodek of the Spodek Law Group, we’ll start to gather the necessary info, including all the evidence that the government’s been stacking against you, so we can review if you’ve got a strong defense. We’ll reach out to the federal prosecutor or their gang assigned to your case and surprise them with some info they haven’t even thought of!
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.
There’ve been cases of PPP loan fraud that include anything from loan application fraud, loan stacking, fraudulent loan certification, to using funds for uses not eligible, and even concealing or misrepresenting information during an audit. If you’re convicted, well, you could be staring at charges like making a false statement, bank fraud, wire fraud and more. We’re talking big fines and a long stint behind bars.
Don’t go it alone, my friend. Let our team of top-notch criminal defense lawyers fiercely negotiate on your behalf, and if we’ve gotta, we’ll defend you in the courtroom. We’ve got the know-how and the experience to turn the government’s tactics to your advantage. Don’t wait, get in touch today.
This Paycheck Protection Program (PPP), it’s a lifeline for struggling small businesses hit by the blow of the COVID-19 pandemic. But some folks just see it as a chance to make a quick buck. Let me be clear, PPP loan fraud, the act of squeezing money out of the CARES Act under false pretenses, is a federal crime under the Small Business Act. If you’re caught and convicted, you could be looking at fines, prison time, and coughing up the money you stole.
PPP loan fraud could involve fibbing on your application or artificially inflating securities – both considered serious felonies with steep penalties. Hell, they might cost you $5,000 and/or 2 years inside, and that’s just for starters! If they nab you for embezzlement, well, you’re looking down the barrel of a $10,000 penalty and/or 5 years. Then once that smoke clears, you’ll still be stuck with paying back every dime of the money you got your hands on.
But, facing such charges doesn’t mean you’re outta luck just yet. If you can prove you never meant any harm, that all the false info was due to a stress-fueled, honest mistake or that the SBA screwed up somewhere, you might get off the hook. Sometimes, the ol’ SBA slips up, you know? And if you’ve got a paper trail – think email communications, voicemails, bank statements, accounting notes, receipts and bills – you might just be able to clear your name.
Do note, though, that most federal criminal records are there to stay, and the immigration consequences of CARES Act fraud can be devastating. A fraud conviction amounting to more than $10,000 could even get non-citizens deported.
Look, the Paycheck Protection Program is a godsend for all the small businesses trying to keep afloat amidst this pandemic—but some folks just have to exploit it, don’t they? Gotta say, the SBA’s Office of Inspector General is doing a swell job, dishing out 11 reports detailing widespread fraud and abuse in the program and referring dozens of suspicious cases to the Department of Justice for a good grilling. It’s on us to band together and ensure small businesses get the support they need without fraudsters getting in the way.
