Charlie Javice , who lied about her financial aid startup, Frank, and sold it to JPMorgan Chase for $175 million, deserves 12 years in prison when she is sentenced on Monday, federal prosecutors said. She was convicted of fraud in March. "A significant sentence will be required to deter Javice -- who, to this day, fails to genuinely grapple with her offense conduct -- and to signal to even the most hubristic founders that their misrepresentations to investors will be met with serious sentences," prosecutors said in a memorandum ahead of the sentencing hearing. Javice, 33, founded Frank in 2017 and served as its CEO until its acquisition in September 2021. Frank was a startup designed to simplify the process of filling out the Free Application for Federal Student Aid. She fraudulently claim

See Full Page