Dallas PPP – SBA – EIDL Loan Fraud Lawyers

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1 Dallas PPP – SBA – EIDL Loan Fraud Lawyers

Dallas PPP – SBA – EIDL Loan Fraud Lawyers

When the COVID pandemic hit, the government created new loan programs like PPP and EIDL to help small businesses stay afloat. But with billions of dollars flowing fast, there was also lots of fraud. Now folks who got these loans are worried the feds might come after them for lying on their applications. If that’s you, don’t panic! You need an experienced lawyer on your side ASAP. Let’s break it down:

What the Feds Look For

The main thing prosecutors hunt for is any fibs or stretches of the truth on your application forms. Stuff like:

Juicing your payroll or employee numbers to get bigger PPP loans
Using PPP money for personal splurges instead of business expenses
Creating fake companies to get multiple EIDL loans
Fudging financials to make your sales drop look worse so you qualify for EIDL
Lying about criminal records or charges

Now if it was an honest mistake, that ain’t a crime. But if it seems like you lied on purpose to rip off taxpayers – that’s fraud in the feds’ eyes. And they are on the warpath with hundreds of cases filed already. You could get slammed with massive fines or years behind bars.

Review Your Case and Defenses

If the feds contact you, zip it! Don’t answer any questions until your lawyer is present. The stuff you say, even accidentally, can sink you. First you need your attorney to dig into the evidence and see if you really have a problem.

They’ll check out your paperwork and verify if key info like payroll, employees, and losses are correct. If the forms were confusing or unclear, that’s a good defense against “knowingly lying.” Honest mistakes ain’t fraud.

Your lawyer can also look at how you actually used the money. Spending it on real business costs makes fraud accusations weaker, even if your application had some false info. And for PPP loans, getting forgiveness cleared may help too.

Finally, your attorney can try to make a deal to avoid criminal charges. Options like paying back cash, cooperating with investigations, or implementing compliance fixes may get prosecutors to back off. The SBA has hinted they’re open to these alternatives.

  
 Christine Twomey 
2024-03-21
Just had my Divorce case settled 2 months ago after having a horrible experience with another firm. I couldn’t be happier with Claire Banks and Elizabeth Garvey with their outstanding professionalism in doing so with Spodek Law Group. Any time I needed questions answered they were always prompt in doing so with all my uncertainties after 30 yrs of marriage.I feel from the bottom of my heart you will NOT be disappointed with either one. Thanks a million.
  
 Brendan huisman 
2024-03-18
Alex Zhik contacted me almost immediately when I reached out to Spodek for a consultation and was able to effectively communicate the path forward/consequences of my legal issue. I immediately agreed to hire Alex for his services and did not regret my choice. He was able to cover my case in court (with 1 day notice) and not only was he able to push my case down, he carefully negotiated a dismissal of the charge altogether. I highly recommend Spodek, and more specifically, Alex Zhik for all of your legal issues. Thanks guys!
  
 Guerline Menard 
2024-03-18
Thanks again Spodek law firm, particularly Esq Claire Banks who stood right there with us up to the finish line. Attached photos taken right outside of the court building and the smile on our faces represented victory, a breath of fresh air and satisfaction. We are very happy that this is over and we can move on with our lives. Thanks Spodek law 🙏🏼🙏🏼🙏🏼🙏🏼🙌🏼❤️
  
 Keisha Parris 
2024-03-15
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.
  
 Taïko Beauty 
2024-03-15
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!
  
 Anthony Williams 
2024-03-12
Hey, how you guys doing? Good afternoon my name is Anthony Williams I just want to give a great shout out to the team of. Spodek law group. It is such a honor to use them and to use their assistance through this whole case from start to finish. They did everything that they said they was gonna do and if it ever comes down to it, if I ever have to use them again, hands-down they will be the first law office at the top of my list, thank you guys so much. It was a pleasure having you guys by my side so if you guys ever need them, do not hesitate to pick up the phone and give them a call.
  
 Loveth Okpedo 
2024-03-12
Very professional, very transparent,  over all a great experience
  
 Bee L 
2024-02-28
Amazing experience with Spodek! Very professional lawyers who take your case seriously. They treated me with respect, were always available, and answered any and all questions. They were able to help me very successfully and removed a huge stress. Highly recommend.
  
 divesh patel 
2024-02-24
I can't recommend Alex Zhik and Spodek Law Firm highly enough for their exceptional legal representation and personal mentorship. From the moment I engaged their services in October 2022, Alex took the time to understand my case thoroughly and provided guidance every step of the way.

Alex's dedication to my case went above and beyond my expectations. His expertise, attention to detail, and commitment to achieving the best possible outcome were evident throughout the entire process. He took the time to mentor me, ensuring I understood the legal complexities involved to make informed decisions. Alex is the kind of guy you would want to have a beer with and has made a meaningful impact on me.

I also want to acknowledge Todd Spodek, the leader of the firm, who played a crucial role in my case. His leadership and support bolstered the efforts of Alex, and his involvement highlighted the firm's commitment to excellence.

Thanks to Alex Zhik and Todd Spodek, I achieved the outcome I desired, and I am incredibly grateful for their professionalism, expertise, and genuine care. If you're in need of legal representation, look no further than this outstanding team.
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 Google rating score: 4.9 of 5, based on 736 reviews 

Be Proactive With a Lawyer

Billions in COVID loans went out fast, so the heat on fraud ain’t dying down. But these cases are complicated, not slam dunks like prosecutors pretend. Just ’cause there’s issues on your application doesn’t mean you committed intentional fraud.

If you get contacted by the feds or worry you might be charged, call a white collar defense attorney immediately! They can dig into the evidence, knock down bogus fraud accusations, and fight hard for alternatives to criminal prosecution. That’s your best shot at avoiding devastating penalties.

In Dallas, Patrick McLain has 20+ years successfully defending complex financial fraud cases in federal courts across Texas. His deep experience gives clients skilled guidance and advocacy when facing PPP or EIDL fraud probes. He knows how the feds build these cases and the best defenses. If you’re sweating a potential SBA fraud case, call Patrick for a free review. He can help!