Charlie Javice, a former executive at Frank, a start-up sold to JPMorgan, was found guilty by a jury of defrauding the bank out of $175 million. Prosecutors alleged that Ms. Javice and one of her executives had falsified customer information before selling the company to JPMorgan. The verdict marks a significant win for federal prosecutors in their pursuit of financial fraud cases.
Source: https://www.nytimes.com/2025/03/28/business/charlie-javice-jpmorgan-guilty.html