Posts

Showing posts with the label STARTUPS

Charlie Javice Sentenced to 7 years in Prison for Defrauding J.P Morgan Chase of $175 Million

Image
Charlie Javice , the 33-year-old founder of the startup Frank , was sentenced Monday to more than seven years in prison after being convicted of defrauding JPMorgan Chase out of $175 million . JPMorgan Chase bank bought her student loan start-up, but later discovered the numbers were falsified. A Manhattan federal court jury found in March that Javice had grossly inflated the company’s customer numbers, creating fake records that claimed Frank had over 4 million users when the real figure was fewer than 300,000.  Judge Alvin K. Hellerstein, who handed down the sentence, described her actions in the summer of 2021 as “a large fraud” aimed at deceiving the banking giant.

Trending Stories On MEB

Nicki Minaj Accuses Keyshia Ka’oir of 'Sedating' Husband Gucci Mane Following Interview

Former Canadian Prime Minister Justin Trudeau & Katy Perry in Steamy Relationship¡

Trial of K!llaboi who allegedly mvrdered his Girlfriend to begin today

IN REVIEW: Victor Gyokeres joins Arsenal from Sporting CP

Charlie Javice Sentenced to 7 years in Prison for Defrauding J.P Morgan Chase of $175 Million

Music Mogul Sean ‘Diddy’ Combs to be Sentenced Today, Court Sentences Combs to 4 years in Prison and $500,000 fine

Uganda Shuts Down Internet as President Museveni seeks to extend 40 year rule

Sound on Tuesday: No Love [Remix] by August Alsina & Nicki Minaj

MacKenzie Scott, Jeff Bezos's ex Wife donating another $70 million to historically Black US Colleges and Universities

TECH ON TUESDAY: The 2 Easiest Ways to Move your Data from your Old iPhone to your New One [VIDEO]