Charlie Javis, who has been accused of cheating JP Morgan Chase End to buy his shutter college financial aid start Frank for $ 175 million in 2021, arrived at the United States court on June 6, 2023 in New York City.
Mike Sigger | Reuters
Charlie Javis, the founder of a startup by which the JP Morgan Chase In 2021, on Friday, the Federal Court was sentenced on Friday for allegedly cheating the company's customer list by promoting the company.
The jury's decision has come after weeks of testimony in New York as to who is responsible for the flames of a once -time important start. Frank, who was founded in 2016, was aimed at helping consumers apply for college financing.
JP Morgan has accused the 32 -year -old Javis of cheating the bank to pay $ 175 million to a company with more than 4 million users, when in fact it had less than 300,000.
The largest US bank filed a lawsuit against Jaees at the end of 2022 by assets when an attempt was made to send a marketing email to some of the thousands of “consumers”, which was believed to have Frank. In his case, JP Morgan issued emails in which Jaees hired data scientists to produce consumer fake roster.
Subsequently, in April 2023, the Justice Department accused Jaees of four crimes, including wire and bank fraud, which sentenced to a maximum of many decades. Jaees was arrested on April 3 this year at Navarak Airport and he was on bail.
Javis had requested not to be guilty and said he was innocent in the entire trial. Her lawyers accused JP Morgan that she was in a hurry to stop the acquisition of Frank because she feared other sweaters would emerge.
CNBC's Leslie Packer reported that the sentence would be sentenced in August.
A New York -based JP Morgan spokesman on Friday refused to comment on it, while the office of a lawyer representing Jaees did not immediately return a call to comment.
