Charlie Javice Sentenced to 7 Years for JPMorgan Fraud
TL;DR Summary
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-news#business#charlie-javice#frank-startup#jpmorgan-fraud#prison-sentence#student-loan-fraud
- Frank founder Charlie Javice sentenced for JPMorgan fraud BBC
- Entrepreneur Charlie Javice sentenced to over seven years for defrauding JPMorgan Yahoo
- Charlie Javice Sentenced to 85 Months in Prison for Fraud The New York Times
- Fake-it-til-you-make-it culture gets a wakeup call Business Insider
- Charlie Javice sentenced to 7 years in prison for fraudulent $175M sale of financial aid startup NBC News
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