If convicted, Charlie Javice — who was featured on the Forbes “30 under 30” list in 2019 — could face decades in prison.
for $175 million was released on $2 million bond on Tuesday.
Charlie Javice, 31, was freed on $2 million bond on Tuesday. She was indicted by the feds for allegedly defrauding JPMorgan Chase.Javice “engaged in a brazen scheme to defraud” JPMorgan Chase, according to Manhattan US Attorney Damian Williams. When JPMorgan asked for proof of Frank’s user base, Javice allegedly paid “outside data scientist” $18,000 to create a fake customer list.
When the engineer pushed back on the request, Javice tried to reassure the employee that it was legal.JPMorgan realized the scam after it launched an email marketing campaign for individuals included on Frank’s purported list of customers that generated few responses.Javice is alleged to have inflated the number of customers who signed up to her college financial planning website, Frank.
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