Criminal Defense Lawyers

Ohio PPP – SBA – EIDL Loan Fraud Lawyers

Navigating PPP and EIDL Loan Fraud Charges in Ohio

The COVID-19 pandemic brought unprecedented economic challenges for small businesses across Ohio. To provide relief, the federal government offered loans like the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) program. While these loans threw a critical lifeline to many businesses, some applicants unfortunately abused the programs. Now, federal prosecutors are cracking down on PPP and EIDL fraud through criminal charges. If you’re facing accusations of loan fraud, it’s essential to understand your rights and explore all legal defenses. This article provides an overview of Ohio PPP and EIDL fraud laws, potential penalties, and defense strategies.

Common Types of Alleged Fraud

Prosecutors are pursuing charges for a wide range of potentially fraudulent activities, including:

• Submitting false information on loan applications like inflated payroll numbers or non-existent employees
• Using PPP funds for non-eligible expenses like personal purchases instead of payroll
• “Double dipping” by applying for multiple loans through different lenders
• Lying about having an existing business to obtain EIDL loans
• Failing to disclose criminal history or pending charges to obtain loans

While some cases involve deliberate deception, others arise from misunderstandings about complex program rules. Skilled defense lawyers can often show prosecutors that alleged fraud was unintentional.

Applicable Federal Laws

Prosecutors typically charge PPP and EIDL fraud under the following federal statutes:

• Wire Fraud – Using interstate wires or communications to execute a scheme to defraud (18 USC § 1343)
• Bank Fraud – Knowingly executing or attempting to execute a scheme to defraud a financial institution (18 USC § 1344)
• False Statements – Knowingly making false statements in loan applications or documents (18 USC § 1001)
• Aggravated Identity Theft – Knowingly using another person’s identification during fraud (18 USC § 1028A)

These charges often carry severe penalties like multi-year prison sentences and steep fines. However, the complexity of PPP and EIDL program rules creates openings for defense lawyers to argue their client’s innocence.

Building an Effective Legal Defense

If you’re charged with PPP, EIDL, or other COVID relief fraud in Ohio, an experienced white collar defense lawyer can protect your rights and future. Here are some strategies they may use:

• Contesting intent – Showing you misunderstood complex program rules rather than deliberately committing fraud
• Challenging evidence – Identifying flaws in the prosecution’s documents or witnesses
• Negotiating plea deals – Seeking reduced charges or probation if some wrongdoing occurred
• Cooperating with authorities – Providing information about others involved in exchange for leniency

An attorney can also put your case in context, arguing that COVID caused desperation and confusion versus intentional criminality. They may also advocate for no jail time and the lowest financial penalties possible.

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

Choose an Attorney Carefully

Building an effective defense against PPP or EIDL fraud allegations requires an attorney with specialized skills and experience, including:

• In-depth knowledge of federal lending programs and regulations
• Relationships with prosecutors to facilitate cooperation and plea deals
• A track record getting charges dismissed or reduced
• Familiarity with federal sentencing guidelines
• Ability to humanize you and tell your story sympathetically

Don’t leave your defense to chance – consult an accomplished Ohio fraud defense lawyer for personalized guidance. With an experienced attorney on your side, you can mitigate penalties and protect your future.