Charlie Javice, founder of the fintech startup Frank, was found guilty of defrauding JPMorgan Chase by misleading the bank regarding the number of customers her company had during its $175 million acquisition. A jury determined that Javice and her associate, Olivier Amar, engaged in fraudulent activities, prompting the court to impose GPS location monitoring on both individuals pending sentencing. Javice argued against the GPS monitoring, claiming it would hinder her ability to work as a fitness instructor. Separately, Randy Miller and his son Chad Miller were charged with defrauding investors of over $280 million related to a failed Arizona sports complex, which was financed through municipal bonds. The U.S. Securities and Exchange Commission has also charged three individuals in connection with this case.
Father and son indicted in New York over failed Arizona sports complex https://t.co/sZLpiXzck3 https://t.co/lGnO3bqL8U
Update: Ran to SDNY Mag court - and Charlie Javice is in the hallway, waiting to get her GPS bracelet installed. Here in Mag court, a detained defendant with 2 US Marshals, pre-trial. Stories later https://t.co/qUQ9I4dlZj
FINTECH FRAUDSTERS: Jury Found Charlie Javice and Olivier Amar Guilty Now Both Get GPS Location Monitoring Bracelets As Risks of Flight After Argument - Inner City Press story: https://t.co/S8wIqnA9uZ Critique on Substack here: https://t.co/VXr8olQibZ https://t.co/bQyK7SxGrW