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New York PPP and EIDL Loan Fraud Lawyers

Defending Against DOJ Investigations for PPP Loan Fraud

If you or your business is facing a DOJ investigation for Paycheck Protection Program (PPP) loan fraud, it’s natural to be frightened and uncertain about what the future holds. However, hiring an experienced attorney such as those found at Todd Spodek Law Group can make all the difference. Even if you are eventually charged with PPP loan fraud, there are several defenses that can be used to have the charges reduced or dismissed entirely. Here’s what you need to know about defending against DOJ investigations for PPP loan fraud.

The Seriousness of DOJ Investigations into PPP Loan Fraud

Due to widespread reports of PPP loan fraud over the course of 2020-2021, the Department of Justice (DOJ) has demonstrated a strong commitment to prosecuting individuals and organizations accused of submitting false PPP loan applications or using funds inappropriately. Consequently, there has been a significant surge in investigations and several cases have already been filed. The good news is that being investigated by the DOJ doesn’t necessarily mean that you will be found guilty – but it does mean that you must act quickly and be prepared with an effective defense strategy.

Enlisting the Services of an Experienced Attorney

If you’re under investigation for PPP loan fraud, one call could make all the difference. Your first step should be enlisting an experienced attorney who can assist in evaluating your case and determining whether there are any viable defense options available. At Todd Spodek Law Group, our skilled attorneys are well-equipped to examine your unique circumstances and help develop a tailored approach that is likely to get results.

Choosing the Right Defense Strategy

There are many potential charges associated with PPP loan fraud, including making false statements to federal entities like SBA or FDIC banks, bank fraud, wire fraud, identity theft, tax evasion, false statements made directly to federal agents or other authorities, and various conspiracy statutes. In order to choose the right defense strategy, your attorney will need to carefully examine the details of your case and identify which of these charges are relevant to you.

At Todd Spodek Law Group, we evaluate the potential charges on both state and federal levels to ensure that your defense strategy is effective. We will work to develop a defense plan that asserts a lack of intent, demonstrates statutes of limitations have expired, bring attention to PPP terms compliance or other relevant factors that demonstrate innocence so that we can get you the possible outcome.

How an Experienced Attorney Can Help

Hiring an experienced attorney from Todd Spodek Law Group can make all the difference when facing a DOJ investigation for PPP loan fraud. Our skilled legal professionals know how to assess the specific charges against you and determine whether there’s a chance of dismissal or reduction. We can help you navigate through every aspect of the process with guidance and confidence. Seeking legal representation from our firm not only protects you legally but also makes it clear that you’re taking the matter seriously.

Tables displaying common defenses against PPP Loan Fraud Accusations

Defending against accusations of PPP loan fraud typically requires careful management of your legal case in order to create a credible defense.

Table 1: Potential Defenses Against PPP Loan Fraud Charges

Defense Type

Description

Lack of Intent

If you or your business didn’t intend to break rules or engage in fraudulent behaviors associated with obtaining loans under PPP, then there may be good cause for defending yourself against related accusations.

Statute of Limitations

If plaintiffs take too long bringing forth claims related to alleged fraudulent activities, this may result in statute-of-limitation defenses.

PPP Terms Compliance

In some cases where borrowers were confused about what was allowed recipients many have taken excessive measures without knowing it did match regulations. These small mistakes resulting from faulty comprehension could be used for defending themselves against fraud repayment demands

False Accusation

If there is no reality-based evidence related to specific allegations made, defendants may choose to claim the prosecutors are making false claims with no clear reason.

Compliance Protection

Where a company has taken the necessary measures in ensuring compliance and internal controls within the organization, this may be a good defense against charges of PPP loan fraud.

Table 2: Federal Statute Charges Related to PPP Loan Fraud

Statute Charge

Description

18 U.S.C. § 1014

Making False Statements to the Small Business Administration (SBA)

18 U.S.C. § 1014

Making False Statements to an FDIC-Insured Bank

18 U.S.C. § 1344

Bank Fraud

18 U.S.C. § 1343

Wire Fraud

18 U.S.C. § 1028A

Aggravated Identity Theft

26 U.S.C. § 7201

Tax Evasion

18 U.S.C. § 1001

Making False Statements to Federal Agents

18 U.S.C. § 371 and 18 U.S.C. § 1349

Conspiracy

18 U.S.C. § 1349

Attempt

Conclusion:

Facing DOJ investigations regarding PPP loans can be a distressing experience that may affect your business reputation and financial stability significantly. However, with an experienced attorney on your side, you don’t have to fight alone. Enlisting services from Todd Spodek Law Group provides legal support throughout every stage of investigation or litigation related to fraudulent accusations associated with the Paycheck Protection Program Loans-PPP loans, increasing chances of a positive outcome while mitigating any negative impact to your reputation or business operations. So why wait? Contact us today for professional guidance and defenses tailored specifically for your unique circumstances!