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The Independent UK

National

Larry Neumeister

Key executive convicted of defrauding JPMorgan Chase is sentenced to over 5 years in prison

JPMorgan Chase Olivier Amar Prison Charlie Javice Frank Financial Aid

Charlie Javice Fraud - (Copyright 2025 The Associated Press. All rights reserved.)

A top executive at a startup company that eased the process for college students applying for financial aid was sentenced Wednesday to over five years in prison for cheating JPMorgan Chase in a $175 million acquisition of the company four years ago.

The Manhattan federal court sentencing of Olivier Amar came a month after Charlie Javice, the founder of the startup known as Frank, was sentenced to seven years in prison.

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