Get all your news in one place.
100's of premium titles.
One app.
Start reading

Charlie Javice sentenced to 7 years in prison for defrauding JP Morgan

Charlie Javice, founder of startup Frank, was sentenced on Monday after being convicted of charges related to deceiving JPMorgan Chase into a $175 million acquisition, the Department of Justice announced.

Why it matters: The 33-year-old who featured in Forbes' "30 under 30" list six years ago must now serve 85 months in prison for "falsely and dramatically inflating the number of customers" of her company to "fraudulently induce JP Morgan Chase" to acquire Frank for $175 million, per a DOJ post Monday.


Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.