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Federal Defense Attorneys for EIDL Loan Fraud Investigations in San Diego
The U.S. Small Business Administration’s Economic Injury Disaster Loan (EIDL) program has played a vital role in helping keep San Diego’s economy afloat during the COVID-19 pandemic. However, it has also proven to be vulnerable to fraud, and the U.S. Department of Justice (DOJ) is prioritizing the prosecution of EIDL loan fraud cases nationwide.
7 Common Allegations in EIDL Loan Fraud Cases
1. Submitting a Fraudulent Loan Application
Submitting a fraudulent application for an EIDL loan is perhaps the most common allegation in EIDL loan fraud cases.
2. Misrepresenting the Size of a Business
Eligible businesses must have fewer than 500 employees.
3. Receiving Multiple EIDL Loans
Each business is only entitled to receive one EIDL loan.
4. Falsely Certifying EIDL Loan Compliance
EIDL loan recipients are required to certify their compliance with the terms of their loans on an ongoing basis.
5. Using EIDL Loan Funds for Ineligible Purposes
The EIDL loan program limits the purposes for which recipients can use their loans.
6. Commingling EIDL Loan Funds with Other Sources of Income
Recipients should maintain separate bank accounts for their federal relief loans.
7. Defaulting on an EIDL Loan
Defaulting on an EIDL loan can lead to federal scrutiny of the recipient’s application.
What are the Risks?
Common charges include:
- Aggravated Identity Theft – Up to 2 years of federal imprisonment
- Bank Fraud – Up to a $1 million fine and 30 years of federal imprisonment
- Wire Fraud – Up to a $1 million fine and 30 years of federal imprisonment
To schedule a free and confidential case assessment, please call 212-300-5196.
Reduction in pretrial jail population since NJ bail reform implementation.
Source: NJ Judiciary Annual ReportApproval rate for properly filed expungement petitions in NJ.
Source: NJ Courts Statistical ReportCommon Mistakes to Avoid
Actually Stay Silent
Most people know they have the right to remain silent but still talk to police. Anything you say can and will be used against you. Politely decline to answer questions until your attorney is present.
Bail Conditions Are Enforceable
Violating bail conditions, even minor ones, can result in immediate re-arrest and make it much harder to obtain bail again. Follow every condition to the letter.
Proven Track Record
Recent Case Results
*Results may vary depending on your particular facts and legal circumstances.
SEE ALL CASE RESULTSWhat Our Clients Say
"When the federal government came after me, Todd and his team were the only ones who made me feel like I had a real chance. They understood the system inside and out and got my case dismissed."— Michael T., Federal Defense Client MORE REVIEWS
Lead Attorney & Founder
Todd Spodek
Featured on Netflix's "Inventing Anna," Todd Spodek brings decades of high-stakes criminal defense experience to every case.
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Frequently Asked Questions
New Jersey reformed its bail system in 2017. Instead of a cash-based system, judges now use a Public Safety Assessment (PSA) to determine whether a defendant should be released pretrial. Most defendants are released with conditions, while those deemed high-risk may be detained. An experienced attorney can argue for favorable release conditions at your detention hearing.
No. You have the constitutional right to remain silent and to have an attorney present during questioning. Anything you say to police can be used against you in court. Politely invoke your rights by saying "I want to speak with my attorney before answering any questions." This cannot be held against you.
Attorney fees vary based on the complexity of the case, the charges involved, and whether the case goes to trial. At Spodek Law Group, we offer transparent pricing and flexible payment plans. We provide a free initial consultation to discuss your case and give you an honest assessment of costs. Investing in quality representation often saves far more in the long run than choosing the cheapest option.
An arraignment is your first court appearance after being charged with a crime. The judge will read the charges against you, and you'll enter a plea (usually not guilty at this stage). The judge will also set bail or release conditions. Having an attorney at your arraignment is critical, as they can advocate for favorable bail terms and begin building your defense strategy from day one.
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