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Chronicles

The story behind the story

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A US judge sentences Frank founder Charlie Javice to 85 months in prison for defrauding JPMorgan Chase by overstating how many customers the fintech company had

CNBC

Discussion

  • @innercitypress @innercitypress on x
    OK - Charlie Javice sentencing at SDNY. Inner City Press covered the trial and wrote the book Fintech Fraudster https://www.amazon.com/... and will live tweet, thread below [image]
  • @johnwilson @johnwilson on x
    I'm sure she'll be fine if she hires Pam Bondi's brother and makes a donation to Trump.
  • @kimmytaylor Kim Taylor on x
    Charlie Javice sentenced to 7 years: Still, the judge criticized the bank, saying “they have a lot to blame themselves” after failing to do adequate due diligence. He quickly added, though, that he was “punishing her conduct and not JPMorgan's stupidity.”
  • @innercitypress @innercitypress on x
    Another Javice lawyer: Frank was a real company, it had value, it could have had value to JPMorgan. This court should follow Judges Swain and Rakoff and not apply any enhancement. AUSA Micah Fergenson: The acquisition for $175 million, the loss was $174 million.
  • @innercitypress @innercitypress on x
    Javice: I am asking forgiveness from the shareholders of JPMorgan Chase. To every Frank employee or investor who was stained by proximity to me, I ask forgiveness. To every student or family that depended on Frank, I ask for your forgiveness.
  • r/law r on reddit
    Startup founder Charlie Javice sentenced to 7 years in prison for defrauding JPMorgan Chase
  • r/business r on reddit
    Startup founder Charlie Javice sentenced to 7 years in prison for defrauding JPMorgan Chase