Charlie Javis, who was charged with fraud by JPMorgan Chase & Co in 2021 to buy her now-tidy college financial aid startup for $175 million for her now $175 million, arrives at US court in Manhattan, New York City on June 6, 2023.
Mike Seger | Reuters
Charlie Javis, founder of the startup he purchased jpmorgan chain In 2021, he was found guilty in federal court on Friday for fraudulent banks by exaggerating the company’s client list.
Jujuku decision After weeks of testimony in New York, who once blamed the flames of a favorable startup? Founded by Javice in 2016, Frank aimed to help users apply for university financial aid.
JPMorgan accused Javice, 32, of cheating on the bank for paying $175 million to a company that actually has fewer than 300,000 customers.
The largest US bank by assets sued Javice in late 2022 after attempting to send marketing emails to some of the thousands of “customers” Frank thought he had. In its lawsuit, JPMorgan released an email in which Javice hired a data scientist to generate a fake list of customers.
Then, in April 2023, the Justice Department charged Havis with four crimes, including wire and bank fraud, imposing a maximum sentence of decades. Havis was arrested at Newark Airport on April 3rd of that year and was released on bail.
Havis pleaded not guilty and told her she was not guilty through trial. Her lawyers accused JPMorgan of rushing to shut down Frank’s acquisition. I was afraid Other suitors will appear.
According to the news report, the verdict will occur at a later date.
A spokesman for New York-based JPMorgan declined to comment.
