NEW YORK — Charlie Javice, the founder of a startup company that promised to revolutionize the way college students apply for financial aid, was sentenced Monday to more than seven years in prison for cheating JPMorgan Chase out of $175 million by greatly exaggerating how many students it served.

What You Need To Know

The 33-year-old founder of the startup student financial aid company Frank has been sentenced to more than seven years in prison

Charlie Javice was sentenced Monday in Manhattan federal court after her March conviction by a jury on fraud charges

Prosecutors say Javice duped JPMorgan Chase into buying her fledgling company for $175 million by submitting false records that made it seem that Frank had 4 million customers

It actually only served as few as 300,000 students

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