Startup founder convicted of defrauding JPMorgan Chase of $175M by faking firm's success

Charlie Javice, whose startup claimed to be revolutionizing the way college students apply for financial aid, was convicted of defrauding the banking giant by exaggerating her customer base tenfold.

Startup founder convicted of defrauding JPMorgan Chase of $175M by faking firm's success
Charlie Javice leaves federal court in New York on Aug. 23, 2023.

Charlie Javice, whose startup claimed to be revolutionizing the way college students apply for financial aid, was convicted of defrauding the banking giant by exaggerating her customer base tenfold.

(Image credit: John Minchillo)