Key Takeaways

Charlie Javice was sentenced to 85 months in prison for defrauding JPMorgan Chase.

Javice’s finance startup, Frank, was acquired by JPMorgan for $175 million in 2021.

In addition to spending time behind bars, the judge ordered Javice to pay $22.4 million.

Six months after being found guilty of defrauding JPMorgan Chase & Co., startup founder Charlie Javice has been sentenced to a little over seven years in prison.

U.S. District Judge Alvin Hellerstein delivered the sentence on Monday in Manhattan federal court, adding that the 85-month prison time would be followed by three years of supervised release. Prosecutors had asked for a harsher 12-year prison sentence.

Javice, 32, will also have to pay restitution and forfeiture. Prosecutors asked the court to require Javi

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