Hawaii PPP – SBA – EIDL Loan Fraud Lawyers

Hawaii PPP – SBA – EIDL Loan Fraud Lawyers, and why you need a lawyer for this

The COVID-19 pandemic led to an unprecedented level of government assistance for small businesses, including the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) program administered by the Small Business Administration (SBA). While these programs provided a lifeline for many businesses impacted by the pandemic, they also created opportunities for fraud and abuse. In Hawaii and across the country, some business owners and individuals have been charged with fraudulently obtaining PPP and EIDL loans. Having an experienced lawyer can be crucial if you find yourself under investigation or charged in relation to these pandemic relief programs.

Common Types of PPP and EIDL Fraud

Some of the most common fraudulent activities related to PPP and EIDL loans include:

• Falsifying information on loan applications such as number of employees, payroll expenses, or revenue losses.
• Using PPP funds for non-allowable purposes like personal expenses instead of payroll.
• Applying for multiple PPP loans from different lenders, known as “loan stacking.”
• Making false statements to have a PPP loan forgiven.
• Using stolen identities to apply for fraudulent loans.

For example, in Hawaii a CEO was charged with bank fraud and money laundering for allegedly obtaining over $12 million in PPP and EIDL loans using falsified documents and shell companies. A Hilo man also pleaded guilty to defrauding the PPP and EIDL programs out of over $900,000.

Penalties for PPP and EIDL Fraud

The penalties for PPP or EIDL fraud can be severe. Even first-time offenses can potentially result in:

• Up to 30 years in prison.
• Fines up to $1 million.
• Restitution payments.
• Exclusion from government contracts.

Much depends on the specific circumstances and dollar amount involved. But all charges should be taken very seriously.

Why You Need an Experienced Lawyer

Having an experienced federal defense lawyer is essential if you are being investigated or charged with PPP or EIDL fraud. An attorney can help by:

• Negotiating with prosecutors before any charges are filed.
• Contesting inaccurate allegations.
• Explaining the complex PPP and EIDL program rules.
• Developing an effective defense strategy if charges are filed.
• Avoiding lengthy prison sentences and massive fines.

An experienced federal fraud lawyer will thoroughly examine the details of your case, advise you of your rights, and fight to achieve the best possible outcome. This could make all the difference in avoiding severe penalties.

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

Finding the Right Lawyer

If you are being investigated or charged with PPP or EIDL fraud, it is critical to find an experienced federal defense lawyer as soon as possible. Look for an attorney with specific experience handling federal fraud cases. They will understand the complex rules and procedures involved and build the strongest defense. A knowledgeable lawyer can potentially get charges reduced or even dismissed. Don’t take chances with your future – find the right lawyer to protect your rights and freedom.

Here are some helpful resources on PPP fraud and finding a lawyer:

• DOJ Paycheck Protection Program Fraud
• American Bar Association article on PPP fraud
• Nolo guide on hiring a criminal defense lawyer

I hope this overview gives you a good understanding of the issues around PPP and EIDL fraud. Please don’t hesitate to reach out if you need help finding an attorney to protect your rights. Wishing you the very best in resolving this difficult situation.