Charlie Javice sentenced to over 7 years for $175M JPMorgan fraud
News Source : Associated Press
News Summary
- Charlie Javice, 33, was convicted in March of duping the banking giant when it bought her company, called Frank, in the summer of 2021.
- She made false records that made it seem that Frank had over 4 million customers when it had fewer than 300,000.
- Javice founded Frank to launch software that promised to simplify the arduous process of filling out the Free Application for Federal Student Aid.
- Her prosecution drew comparisons to the case against Elizabeth Holmes, the founder of a blood testing company, Theranos, that collapsed amid fraud allegations.
NEW YORK (AP) Charlie Javice, the founder of a startup company that sought to dramatically improve how students apply for financial aid, was sentenced Monday to more than seven years in prison for ch [+4581 chars]
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