Tag #Startup Fraud

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theguardian.com
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Former Fintech CEO Convicted of $175 Million Fraud

Charlie Javice, founder of the financial aid app Frank, was convicted of defrauding JPMorgan Chase of $175 million by falsely claiming to have 4 million customers when the actual number was approximately 300,000; a New York jury found her guilty after a five-week trial.

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