Charlie Javice Sentenced to Over 7 Years for $175M JPMorgan Fraud

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Source: ABC News - Breaking News, Latest News and Videos
Charlie Javice Sentenced to Over 7 Years for $175M JPMorgan Fraud
Photo: ABC News - Breaking News, Latest News and Videos
TL;DR Summary

Charlie Javice, founder of the startup Frank, was convicted of fraud for falsely claiming the company had 4 million users to sell it to JPMorgan Chase for $175 million; she faces a 12-year prison sentence, with prosecutors emphasizing the seriousness of her deception and its impact on the bank's valuation.

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