Tue, 30 Sep 2025

Tue, 30 Sep 2025 Start-up founder Charlie Javice sentenced for defrauding JPMorgan

The entrepreneur is sentenced to more than seven years in prison for defrauding JPMorgan Chase.

* Charlie Javice sentenced to over 7 years in prison
* Convicted of bank, wire and securities fraud, as well as conspiracy to commit fraud
* Forged customer lists to deceive JPMorgan into buying her start-up Frank for $175m
* Falsified user-base data made the company appear larger than it actually was (4 million users instead of 300,000)
* Ordered to forfeit over $22m and pay over $287m to JPMorgan and co-defendant Olivier Amar
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