Fintech Founder Convicted of $175M JPMorgan Chase Fraud

Charlie Javice, founder of the fintech startup Frank, was convicted of defrauding JPMorgan Chase out of $175 million by grossly exaggerating her customer base. Javice claimed millions of users, but the actual number was far lower. She and her co-defendant fabricated data to support the false claims. The case draws parallels to the Theranos scandal, highlighting concerns about fraud and misrepresentation in the tech startup world. Despite Javice's defense arguing JPMorgan was aware of the deception, the jury found her guilty, and she faces decades in prison.