Former Start-Up Founder Charged by Prosecutors for Defrauding JPMorgan Chase – The New York Times

Charlie Javice, the 31-year-old start-up founder who JPMorgan Chase accused in a December lawsuit of lying to the bank as it prepared to acquire her company, is now facing criminal charges as well.

On Tuesday, the U.S. attorney’s office for the Southern District of New York charged her with wire, bank and securities fraud. It said that she “falsely and dramatically” exaggerated the number of customers that Frank, her now shuttered college financial planning company, actually had in a scheme to “fraudulently induce J.P. Morgan Chase to acquire” her start-up for $175 million.

Source: Former Start-Up Founder Charged by Prosecutors for Defrauding JPMorgan Chase – The New York Times