A Florida woman deployed a “brazen fraud” to sell her student aid startup to JPMorgan Chase & Co. for $175 million after dramatically exaggerating its customer base, a prosecutor told jurors Wednesday in a criminal trial's closing argument.
Assistant U.S. Attorney Nicholas Chiuchiolo urged a Manhattan federal court jury to convict Charlie Javice and another former top executive at her company, which operated under the name Frank, of conspiracy and fraud charges.
