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crime22h ago

https://www.cnn.com/2025/09/30/business/charlie-javice-frank-sentenced-jpmorgan-intlhttps://mrf.lu/cvF7https://apnews.com/article/charlie-javice-sentencing-fraud-jp-morgan-238cb9a218265f7fd9bea54b06eae9b7
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Highlights
  • Charlie Javice was sentenced to seven years in prison for using wildly exaggerated data to fool JPMorgan Chase into paying $175 million for her startup.
  • JPMorgan pursued legal action to recoup losses after discovering Frank's actual user base was far smaller than claimed, prompting a high-profile trial and verdict.
  • The suit also alleged that Javice and Amar had someone create millions of fake accounts to mislead the bank as it was considering the deal.

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References

Charlie Javice sentenced to seven years in prison for fraudulent sale of her startup to JPMorgan | CNN Business

Charlie Javice sentenced to seven years in prison for fraudulent sale of her startup to JPMorgan | CNN Business

Charlie Javice sentenced to 7 years in prison for JPMorgan Chase fraud

Charlie Javice sentenced to 7 years in prison for JPMorgan Chase fraud

Charlie Javice sentenced to 7 years in prison for fraudulent $175M sale of financial aid startup

Charlie Javice sentenced to 7 years in prison for fraudulent $175M sale of financial aid startup

Frank founder Charlie Javice sentenced to 7 years in prison for defrauding JPMorgan Chase | TechCrunch

Frank founder Charlie Javice sentenced to 7 years in prison for defrauding JPMorgan Chase | TechCrunch

Startup founder Charlie Javice reportedly sentenced to 7 years in prison for defrauding JPMorgan Chase

Startup founder Charlie Javice reportedly sentenced to 7 years in prison for defrauding JPMorgan Chase

Charlie Javice sobs in court as she’s sentenced to 7 years in prison for swindling JPMorgan out of $175 million: ‘I am no longer a source of pride for my family’

Charlie Javice sobs in court as she’s sentenced to 7 years in prison for swindling JPMorgan out of $175 million: ‘I am no longer a source of pride for my family’

Entrepreneur Charlie Javice sentenced to over seven years for defrauding JPMorgan

Entrepreneur Charlie Javice sentenced to over seven years for defrauding JPMorgan

Disgraced start-up student finance tech fraudster Charlie Javice sentenced to 7 years

Disgraced start-up student finance tech fraudster Charlie Javice sentenced to 7 years

Charlie Javice sentenced to 7 years in prison for fraudulent $175M sale of financial aid startup

Charlie Javice sentenced to 7 years in prison for fraudulent $175M sale of financial aid startup

Charlie Javice Sentenced to 7 Years in Prison

Charlie Javice Sentenced to 7 Years in Prison

Charlie Javice sentenced to 7 years in prison for fraudulent $175M sale of financial aid startup

Charlie Javice's sentencing could play a key role in the dealmaking renaissance

Charlie Javice's sentencing could play a key role in the dealmaking renaissance

Frank Founder Gets 7 Years for Defrauding JPMorgan | PYMNTS.com

Frank Founder Gets 7 Years for Defrauding JPMorgan | PYMNTS.com

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