US EditionIn closing remarks, prosecutor says Frank founder lied to JPMorgan Chase to secure $175 million deal
- A Florida woman, Charlie Javice, is accused of lying to JPMorgan Chase to sell her startup, Frank, for $175 million by exaggerating its customer base from 400,000 to over 4.25 million, as stated by Prosecutor Nicholas Chiuchiolo in court.
- Prosecutors claimed that Javice hired a data scientist to create a fake dataset showing over 4.2 million students, which is part of her fraudulent actions, according to court documents.
- Defense attorney Jose Baez argued for Javice's acquittal, calling the evidence 'incredibly flawed' and highlighting conflicts in the evidence.
- The jury began deliberations on the case on Thursday, after a five-week trial, with Javice not testifying during the proceedings.
20 Articles
20 Articles
‘Brazen Fraud’: Federal Prosecutors Excoriate Fallen Star Entrepreneur Charlie Javice, Now on Trial for Faking Customers, Tricking Chase Bank
Ms. Javice, once a business celebrity featured in Forbes’ ’30 Under 30,’ could now face 30 years in prison if convicted.
JPMorgan Was Victim of ‘Brazen Fraud,’ US Says in Charlie Javice Closing Arguments
Charlie Javice committed “brazen fraud” when she sold her student-finance company Frank to JPMorgan Chase & Co. based on inflated user numbers, a federal prosecutor said during closing arguments at the startup founder’s trial.
Student aid startup founder Charlie Javice lied to JPMorgan to secure $175M deal: prosecutor
A Florida woman deployed a “brazen fraud” to sell her student aid startup to JPMorgan Chase for $175 million after dramatically exaggerating its customer base, a prosecutor told jurors Wednesday in a criminal trial’s closing argument.
Associated Press News
In closing remarks, prosecutor says Frank founder lied to JPMorgan Chase to secure $175 million deal
A prosecutor says a Florida woman engaged in a “brazen fraud” by selling her student aid startup to JPMorgan Chase & Co. for $175 million after dramatically exaggerating its customer base.
Charlie Javice trial closings are Wednesday in $175M JPMorgan fraud case. One word will play a starring role.
Charlie Javice.Charlie JaviceClosing arguments in the Charlie Javice fraud trial are scheduled for all day Wednesday in New York.Prosecutors allege that Javice tricked JPMorgan Chase into buying her financial aid website, Frank, for $175M.The US says she falsely claimed to have marketing data for more than 4 million Frank account holders.Daylong closing arguments are scheduled to begin at 9 a.m. Wednesday in the Charlie Javice fraud trial in New…
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