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

Cardi B’s boyfriend, Stefon Diggs 'Allegedly' expecting twins with “Kiki” from Drake’s “In My Feelings”

Watch the Moment Lil Durk's Associate, THF Bayzoo was Fatally Shot & Kill**d in Broad Daylight [GRAPHIC]

"I've Ordered the Pentagon to Prepare for Possible Action in Nigeria" - President Donald Trump

"If you can Satisfy me with 2 Rounds & 2 S*×m, I will reward you with Noodles, Golden Morn and Corn Flakes" says Nigerian Underage Girl [WATCH]

Lagos Socialite, Pretty Mike Arrested by NDLEA over Drug Themed Party

"One Wife? I Pity You," Says Ned Nwoko as Regina Daniels Acquires ₦150m Home" [WATCH]

I thought you had more money than me when you came to Lagos, only to find out you were Broke and into Tik Tok Money Laundering ~ Peller to Jarvis

"I was pressed and squeezed like bread at Davido's Concert, I had to pack my Ngwogwo & Flee" - Says X User [WATCH]

United States Revokes Nobel Laureate Wole Soyinka's Visa