Charlie Javis, who is accused of cheating JP Morgan Chase & Company for buying his now closed college financial aid startup Frank for $ 175 million in $ 175 million in 2021, arrives in the United States Court on 6 June, 2023 on June 6, 2023.
Mike Segar | Roots
Founder of a startup purchased by Charlie Javis JPMorgan Chase In 2021, the company’s customer list was convicted in the federal court on Friday for cheating the bank.
The jury’s decision comes in New York after a week of testimony, which was once convicted for the flame of startups. Frank, founded by Javis in 2016, was aimed at helping users apply for the college’s financial assistance.
JPMorgan has accused 32 -year -old Javice, who is cheating the bank to pay $ 175 million for a company, with more than 4 million customers, when it was actually less than 300,000.
The largest American bank filed a case against Javis at the end of 2022 by assets, attempting to send marketing emails to some of some “customers”, which was with Frank. In his suit, JP Morgan issued emails, in which Javis hired a data scientist to generate a fake roster of customers.
Again, in April 2023, the Department of Justice accused Jivis with four crimes including wire and bank fraud, counts the maximum sentences of multi-post. Javis was arrested on 3 April of that year at Newark Airport and was out on bail.
Javis had requested not to be guilty and said she was innocent throughout the trial; His lawyers blamed JP Morgan for participating to shut down Frank acquisition as it feared that other suiters would emerge.
The sentence will be held in August, Leslie Picker of CNBC told.
A spokesman from New York -based JP Morgan refused to comment on Friday, while the office of a lawyer representing Javis did not immediately return the call seeking remarks.
