Charlie Javice Sentenced to 7 Years for JPMorgan Fraud
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.