Fintech founder Charlie Javice’s criminal trial has begun: https://t.co/wvNDpvx1Hh by TechCrunch #infosec #cybersecurity #technology #news
Fintech founder Charlie Javice’s criminal trial has begun https://t.co/zamQIMZ7MW
Frank founder Charlie Javice believed in her student loan company, her lawyer told a federal jury, pushing back against charges that the executive tricked JPMorgan Chase into a $175 million acquisition by claiming the case is about "buyer's remorse." https://t.co/RssOpoXquj
The criminal trial of Charlie Javice, founder of the fintech startup Frank, commenced on February 20, 2025, in the Southern District of New York. Javice and her former chief growth officer, Olivier Amar, are accused of defrauding JPMorgan Chase in a $175 million acquisition of Frank. Prosecutors allege that the deal was based on false information provided by Javice. In her defense, Javice's lawyer argued that the case revolves around 'buyer's remorse' from JPMorgan, suggesting that the bank regretted its decision rather than being a victim of fraud. The trial has attracted significant attention, with opening arguments highlighting the contrasting narratives of deception and regret surrounding the acquisition.