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The Independent UK
The Independent UK
National
Michael R. Sisak

Charlie Javice convicted of defrauding JPMorgan during $175 million sale of financial aid startup

Charlie Javice JPMorgan CIA Financial Aid Frank Donald Trump JPMorgan Chase Jose Baez

Charlie Javice, the charismatic founder of a startup company that claimed to be revolutionizing the way college students apply for financial aid, was convicted on Friday of defrauding one of the largest U.S. banks, JPMorgan Chase, out of $175 million by exaggerating her customer base by 10 times.

A jury in New York City returned its verdict after a five-week trial. Javice, 32, faces the possibility of a lengthy prison term.

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