Cable News Clips

TexasTowelie

(123,288 posts) Tue Sep 30, 2025, 07:18 AM 20 hrs ago

Young CEO sentenced in $175M fraud case - ABC News

Startup founder Charlie Javice was sentenced Monday to seven years in prison for a crime the judge called "biblical," defrauding JPMorgan Chase out of $175 million.

"Among the many commandments in the bible are the commandments of just weights and measures. Yours was not a just weight and measure," Judge Alvin Hellerstein said during the sentencing hearing.

Javice was convicted of fraud in March for lying about her financial aid startup, and prosecutors had requested a 12-year sentence.

3 replies

= new reply since forum marked as read

Highlight:

Young CEO sentenced in $175M fraud case - ABC News (Original Post) TexasTowelie 20 hrs ago OP

The certainty and arrogance of these fraudsters is staggering bucolic_frolic 20 hrs ago #1

defrauding you or ne would not have warranted a investigation rampartd 16 hrs ago #2

That's true to a great extent bucolic_frolic 16 hrs ago #3

bucolic_frolic

(52,556 posts)

1. The certainty and arrogance of these fraudsters is staggering

Reply to TexasTowelie (Original post)

Tue Sep 30, 2025, 07:27 AM

20 hrs ago

I've crossed paths with a few in my lifetime. They drive their agenda with lies and slick assurance. Beware someone who has an answer for everything, but never quite addresses your concerns.

She duped the suits!

rampartd

(2,490 posts)

2. defrauding you or ne would not have warranted a investigation

Reply to bucolic_frolic (Reply #1)

Tue Sep 30, 2025, 11:40 AM

16 hrs ago

jarvis frauded j p mprgan.

bucolic_frolic

(52,556 posts)

3. That's true to a great extent

Reply to rampartd (Reply #2)

Tue Sep 30, 2025, 11:44 AM

16 hrs ago

You or I would have to get a lawyer, and perhaps report it to a DA to get anything to happen. Almost like a private tort case.

Now because she's a CEO, the SEC might get involved. They can come down hard. She could have broken fiduciary responsibility in that case.

Reply to this discussion