What Does EIDL Loan Fraud Mean? Chicago EIDL Loan Fraud charges fall under federal rules that punish false statement in loan applications, including 18 U.S.C. § 1014, and this can lead to the dreaded indictment, it’s a frightening scenario. Courts in this setting rely on critical guidance from cases like United…
Read MoreCHICAGO PPP LOAN FRAUD LAWYERS: DEFENSES, LAWS, INNOVATIVE STRATEGIES PPP Loan Fraud Allegations and the CARES Act PPP loan fraud allegations affect many Chicago businesses under the CARES Act (Public Law 116-136), they often lead to wire fraud charges under 18 U.S.C. § 1343 or bank fraud charges under 18…
Read MoreChicago PPP Loan Fraud Investigations: What You Need to Know The Paycheck Protection Program (PPP) was a lifeline for many businesses struggling during the COVID-19 pandemic. However, with billions of dollars disbursed, the federal government is now cracking down on potential fraud and abuse of these loans. If your business in Chicago received a PPP loan, you need to be aware of the risks and take proactive steps…
Read MoreThis charge stings because 720 ILCS 5/20-1 classifies arson as the deliberate burning of a building or property, but that’s only part of the storyline, Todd Spodek at our firm has handled such cases for years and has seen how panic can drive people to hasty decisions. Illinois courts, including…
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