Charlie Javice reportedly sentenced to 7 years in prison for defrauding JPMorgan Chase

Legal & Financial Implications - Charlie Javvis, founder of Frank, was sentenced to over 7 years in prison for defrauding JP Morgan [1] - Javvis was convicted on four counts: bank fraud, securities fraud, wire fraud, and conspiracy [2] - JP Morgan acquired Frank, a college financial aid startup, for $175 million [1] Case Details - The trial involved the defrauding of JP Morgan by Charlie Javvis [1] - Javvis pleaded not guilty and is expected to appeal her conviction [2] - The sentencing took place in Manhattan federal court [1]