Millennial CEO Sued by JPMorgan Now Charged in $175 Million Fraud
Charlie Javice, the millennial tech CEO featured in Forbes’ 30 Under 30, was charged Tuesday after allegedly falsely inflating her startup company’s user base before selling it to JPMorgan Chase for $175 million.
Javice, 31, is charged with one count of conspiracy to commit bank and wire fraud, one count of wire fraud affecting a financial institution, and one count of bank fraud, Manhattan federal prosecutors said Tuesday. The once rising tech star now faces decades in prison. The Securities and Exchange Commission also charged Javice on Tuesday with fraud in connection with the scheme.
She was arrested Monday night in New Jersey and is expected in court Tuesday afternoon.
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