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Charlie Javice Sentenced to 7 Years for JPMorgan Fraud

1 min read
Source: BBC
Charlie Javice Sentenced to 7 Years for JPMorgan Fraud
Photo: BBC
TL;DR

Charlie Javice, founder of the student loan startup Frank, was sentenced to over seven years in prison for fraudulently inflating her company's user base to secure a $175 million acquisition by JPMorgan Chase, which later uncovered the deception. She was also ordered to forfeit over $22 million and pay more than $287 million in restitution.

Topics:top-newsbusiness#business#charlie-javice#frank-startup#jpmorgan-fraud#prison-sentence#student-loan-fraud
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  1. Frank founder Charlie Javice sentenced for JPMorgan fraud  BBC
  2. Entrepreneur Charlie Javice sentenced to over seven years for defrauding JPMorgan  Yahoo
  3. Charlie Javice Sentenced to 85 Months in Prison for Fraud  The New York Times
  4. Fake-it-til-you-make-it culture gets a wakeup call  Business Insider
  5. Charlie Javice sentenced to 7 years in prison for fraudulent $175M sale of financial aid startup  NBC News

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