Businesswoman Gets 7 Years In Prison For Defrauding JPMorgan

Charlie Javice, founder of the student-aid startup Frank that JPMorgan Chase & Co. (NYSE: JPM) acquired in 2021 for $175 million, was sentenced Monday to just over seven years in prison for misleading the bank about her company's customer base. Earlier this year, a jury convicted Javice and her Chief Growth Officer, Olivier Amar, on fraud and conspiracy charges, according to CNBC.