Javice gets seven years for defrauding JPMorgan


In addition to prison time, judge Hellerstein ordered Javice to forfeit US$22.4mil and to pay US$287.5mil in restitution to JPMorgan. — Bloomberg

NEW YORK: Charlie Javice was sentenced to 85 months behind bars for defrauding JPMorgan Chase & Co in its US$175mil acquisition of her student-finance startup, Frank.

US District Judge Alvin Hellerstein handed down the sentence Monday in Manhattan federal court.

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