"Fallen fintech phenom Charlie Javice, convicted of tricking JPMorgan Chase into paying $175 million for Frank, her student financial aid website, is asking a federal judge for a no-jail sentence and zero restitution. Late Monday, lawyers for Javice, 33, filed nearly 300 pages of legal arguments and support letters ahead of her scheduled September 29 sentencing on four counts of defrauding the largest US bank."
"A Manhattan jury found in March that Javice falsely told JPMorgan that Frank possessed contact data for more than 4 million high school and early college students, a database that bank officials were eager to target with marketing pitches. In fact, as the bank later realized, Frank had data for just under 300,000 students. Javice's presentencing submission cites her Holocaust-surviving grandmother, her yearslong struggles with infertility,"
Charlie Javice was convicted in March for defrauding JPMorgan Chase by falsely claiming her company Frank had contact data for over 4 million students. Javice sold Frank to JPMorgan for $175 million based on the inflated dataset; the bank later discovered Frank had data for just under 300,000 students. Javice's lawyers filed nearly 300 pages before her September 29 sentencing, asking for no jail time and no restitution. The filing includes 114 support letters and cites a Holocaust-surviving grandmother, long-term infertility struggles, and a lifelong commitment to charity that began in childhood.
Read at Business Insider
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