Charlie Javice sentenced to 7 years in prison for $175M fraud

Startup founder Charlie Javice was sentenced to seven years in prison for defrauding JPMorgan Chase of $175 million. Javice, 33, was convicted of lying about her financial aid startup, Frank, inflating its customer base from hundreds of thousands to millions. The judge cited her actions as a "biblical" offense against "just weights and measures." Javice expressed remorse and apologized, acknowledging her regret for the choices made at age 28.

Reviewed by JQJO team

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