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PPP LOAN FRAUD LAWYERS

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Criminal Liability for PPP Loan Fraud

Uncovering the Dark Reality of Paycheck Protection Program Fraud

In the midst of the COVID-19 pandemic, millions of businesses turned to the Paycheck Protection Program (PPP) for a lifeline, but along with the genuine need for relief, some individuals and companies saw it as an opportunity to commit fraud. With federal authorities now actively pursuing these cases, it’s crucial to understand the potential charges and penalties associated with PPP loan fraud. Don’t let your future be destroyed by fraud allegations!

Exploiting the Flaws of the Paycheck Protection Program

The rapid deployment of the PPP, coupled with the sheer volume of loans issued, created a breeding ground for fraudulent activities. Despite facing monumental enforcement challenges, agencies like the U.S. Department of Justice (DOJ), Small Business Administration Office of Inspector General (SBA–OIG), and the Internal Revenue Service (IRS) are relentless in their pursuit of justice. Those who attempted to profit from the chaos should be trembling in fear.

The Grave Consequences of PPP Loan Fraud

While the CARES Act, which established the PPP, does not contain specific penal provisions for fraud, the program’s exploitation can result in civil and criminal charges under various pre-existing federal statutes. From making false statements to conspiracy and tax evasion, the list of potential charges is extensive and daunting. Now is the time to fight for your rights and seek the help of Todd Spodek, a renowned nationwide lawyer.

Potential ChargesConsequences
Making False Statements to the SBA or an FDIC-Insured Bank (18 U.S.C. § 1014)Up to $1 million fine and 30 years of federal imprisonment
Bank Fraud (18 U.S.C. § 1344)Up to $1 million fine and 30 years of federal imprisonment
Wire Fraud (18 U.S.C. § 1343)Statutory fines and up to 20 years of federal imprisonment
Aggravated Identity Theft (18 U.S.C. § 1028A)Up to two years of additional imprisonment, served consecutively
Tax Evasion (26 U.S.C. § 7201)Up to $100,000 (individuals) or $500,000 (corporations) fine and up to five years of federal imprisonment
Making False Statements to Federal Agents (18 U.S.C. § 1001)Statutory fines and up to five years of federal imprisonment
Conspiracy (18 U.S.C. § 371 and 18 U.S.C. § 1349)Statutory fines and up to five years of federal imprisonment under 18 U.S.C. § 371, and the same penalties prescribed for the underlying offense under 18 U.S.C. § 1349
Attempt (18 U.S.C. § 1349)The same penalties prescribed for the underlying offense
False Claims Act Violations (31 U.S.C. §§ 3729 – 3733)Monetary penalties in civil cases, and statutory fines and up to five years of federal imprisonment in criminal cases

Defending Your Future with Todd Spodek

Time is of the essence! If you or your business are facing allegations of PPP loan fraud, it’s imperative to act quickly and secure the services of a skilled and experienced attorney. Todd Spodek, the founding attorney of Spodek Law Group, is renowned for his aggressive defense strategies and relentless pursuit of justice. He is dedicated to protecting the rights of those accused of PPP loan fraud, and he will do everything in his power to ensure the possible outcome for your case.

Why Choose Todd Spodek?

Todd Spodek is a nationally-recognized attorney with a proven track record of success in handling complex federal cases. His dedication, tenacity, and vast experience make him the ideal choice for anyone facing the dire consequences of PPP loan fraud. Some of the reasons to trust Todd Spodek with your case include:

  • Experience: With years of experience in the field, Todd Spodek has handled countless high-stakes federal cases and is well-versed in the nuances of PPP loan fraud cases.
  • Expertise: Todd Spodek’s deep understanding of the federal statutes, combined with his extensive experience, enables him to build a strong defense tailored to your unique circumstances.
  • Results: Todd Spodek’s commitment to obtaining the possible results for his clients speaks for itself. His impressive track record of success in federal cases is a testament to his relentless dedication.
  • Personalized Attention: Todd Spodek understands the immense stress and emotional turmoil faced by those accused of PPP loan fraud, and he is committed to providing personalized attention and compassionate support throughout the entire process.

Don’t Let PPP Loan Fraud Allegations Ruin Your Life

PPP loan fraud charges can have a devastating impact on your personal and professional life. With so much at stake, it’s crucial to have an experienced and dedicated attorney like Todd Spodek on your side. If you’re facing allegations of PPP loan fraud, don’t hesitate to contact Spodek Law Group for a consultation. Take control of your future and let Todd Spodek guide you through this challenging time.

Strategies Employed by Todd Spodek to Defend Clients Accused of PPP Loan Fraud

As a highly-skilled attorney, Todd Spodek employs a variety of strategies to defend clients accused of PPP loan fraud. These strategies are tailored to the specific circumstances of each case, and may include:

  • Challenging the Evidence: Todd Spodek meticulously reviews all evidence presented by the government, searching for inconsistencies, inaccuracies, or other weaknesses that can be exploited to weaken the prosecution’s case.
  • Asserting Lack of Intent: One of the key elements in PPP loan fraud cases is proving that the defendant knowingly and willfully engaged in fraudulent activity. Todd Spodek may argue that his clients lacked the requisite intent to commit fraud, which can lead to the dismissal of charges or a not guilty verdict.
  • Negotiating Plea Agreements: In some cases, it may be in the interest of the client to negotiate a plea agreement with the government. Todd Spodek has a wealth of experience in negotiating favorable plea deals that can significantly reduce potential penalties and consequences.
  • Preparing for Trial: If necessary, Todd Spodek is prepared to take a case to trial and fight aggressively for his clients in court. His extensive trial experience and persuasive advocacy skills make him a formidable opponent in the courtroom.

The Importance of Acting Swiftly

Do not delay! If you are facing allegations of PPP loan fraud, it’s crucial to act quickly and retain the services of an experienced attorney like Todd Spodek. Early intervention can make a significant difference in the outcome of your case, as it allows your attorney to gather evidence, develop a defense strategy, and potentially negotiate with the government before charges are filed.

Contact Spodek Law Group Today

When facing PPP loan fraud allegations, your future and reputation are on the line. Todd Spodek and the Spodek Law Group are committed to providing vigorous and personalized representation to clients accused of PPP loan fraud. Don’t let these charges ruin your life – contact Spodek Law Group today for a consultation and start taking control of your future.

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At Spodek Law Group, our mission is to provide exceptional legal representation and personalized attention to those accused of PPP loan fraud. We understand the devastating impact these charges can have on your life, and we are committed to fighting tirelessly for your rights and your future. Reach out to us today to schedule a consultation and let us help you navigate this difficult time.

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