In this article

JPM

Follow your favorite stocks CREATE FREE ACCOUNT

Charlie Javice, founder of a startup acquired by JPMorgan Chase in 2021 for $175 million, was sentenced to more than 7 years in prison Monday for defrauding the bank by overstating how many customers the fintech firm had, Reuters reported.

In March , a 12-person jury found Javice and her chief growth officer Olivier Amar guilty on three counts of fraud and one count of conspiracy to commit fraud. Prosecutors had sought a sentence of 12 years.

Javice, 33, cried as she delivered an emotional statement to the court. Standing to address the judge, Javice said she felt profound remorse for her actions and asked for forgiveness from JPMorgan, employees of the startup, shareholders and investors. At one point Javi

See Full Page