Charlie Javice convicted of defrauding JPMorgan in $175M startup sale
https://apnews.com/article/charlie-javice-convicted-fraud-jp-morgan-783cb7b089f6ab5d814c4c0984f0302b
Startup founder Charlie Javice was convicted Friday of defrauding JPMorgan Chase, one of the world’s largest banks, out of $175 million. Javice and co-defendant Olivier Amar face the possibility of decades in prison. @AssociatedPress has more:
Fintech Startup Founder Charlie Javice Found Guilty Of Defrauding JPMorgan
#CharlieJavice #FintechStartup
https://www.forbes.com/sites/antoniopequenoiv/2025/03/28/fintech-startup-founder-charlie-javice-found-guilty-of-defrauding-jpmorgan/
https://www.europesays.com/1950620/ Charlie Javice, founder of startup bought by JPMorgan, found guilty at fraud trial #america #BankFraud #CharlieJavice #CollegeFinancialAid #JoseBaez #JPMorganChase #UnitedStates #UnitedStatesOfAmerica #UniversityOfPennsylvania #US #USNews #USTopics #USA #USANews #WhartonSchool
“Fake it till you make it” VS “Greed is good”
“According to the government, the pair (#CharlieJavice & #OlivierAmar) hired a #DataScientist to create fake accounts showing 4.25 million #customers, even though they knew it had fewer than 300,000. The implication for #investors, whether the trial results in a #conviction or acquittal, is how the massive #WallStreet firm could have missed the warning signs, and whether its #DueDiligence on other #acquisitions was up to the task.”
A #startup valuation secret, eager buyers in a competitive new market.
#Frank / #JPMorgan / #suits / #DumbMoney / #Fake / #greed <https://smh.com.au/business/companies/the-31-year-old-accused-of-deceiving-a-wall-street-giant-in-us175m-deal-20250219-p5ld90.html> #paywall.
“Fake it till you make” it Vs “Greed is good”
“According to the government, the pair (#CharlieJavice & #OlivierAmar) hired a #DataScientist to create fake accounts showing 4.25 million #customers, even though they knew it had fewer than 300,000. The implication for #investors, whether the trial results in a #conviction or acquittal, is how the massive #WallStreet firm could have missed the warning signs, and whether its due diligence on other acquisitions was up to the task.”
A #startup valuation secret, eager buyers in a competitive new market.
#Frank / #JPMorgan / #suits / #DumbMoney / #Fake / #greed <https://smh.com.au/business/companies/the-31-year-old-accused-of-deceiving-a-wall-street-giant-in-us175m-deal-20250219-p5ld90.html> #paywall.
“Fake it till you make” it Vs “Greed is good”
“According to the government, the pair (#CharlieJavice & #OlivierAmar) hired a #DataScientist to create fake accounts showing 4.25 million #customers, even though they knew it had fewer than 300,000. The implication for #investors, whether the trial results in a #conviction or acquittal, is how the massive #WallStreet firm could have missed the warning signs, and whether its due diligence on other acquisitions was up to the task.”
A #startup valuation secret is eager buyers in a competitive new market.
#Frank / #JPMorgan / #suits / #DumbMoney / #Fake / #greed <https://smh.com.au/business/companies/the-31-year-old-accused-of-deceiving-a-wall-street-giant-in-us175m-deal-20250219-p5ld90.html> #paywall.
“Fake it till you make” it Vs “Greed is good”
“According to the government, the pair (#CharlieJavice & #OlivierAmar hired a #DataScientist to create fake accounts showing 4.25 million #customers, even though they knew it had fewer than 300,000. The implication for #investors, whether the trial results in a #conviction or acquittal, is how the massive #WallStreet firm could have missed the warning signs, and whether its due diligence on other acquisitions was up to the task.”
A #startup valuation secret is eager buyers in a competitive new market.
#Frank / #JPMorgan / #suits / #DumbMoney / #Fake / #greed <https://smh.com.au/business/companies/the-31-year-old-accused-of-deceiving-a-wall-street-giant-in-us175m-deal-20250219-p5ld90.html> #paywall.
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