Extra: Jury Found Charlie Javice Guilty Then Judge Gave Her to 85 Months US Gets 68 on Amar - more here
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by Matthew Russell Lee, Patreon Book Substack
SDNY COURTHOUSE, Nov 5 – JPMorgan Chase bought a start-up called Frank, which claimed to have 4 million students signed up to file their FAFSA forms, for $175 million. Then Chase learned Frank had only 300,000 customers.
On April 4, 2023, Frank founder Ms. Charlie Javice was brought before U.S. District Court for the Southern District of New York Magistrate Judge Barbara C. Moses and was freed on $2 million bond.
On January 24, 2025 Inner City Press published the first book on the case, Fintech Fraudster? here
On March 28 Charlie Javice was found guilty - and Olivier Amar too. Both sought severance from each other so expect appeals on those grounds.
On September 29 Inner City Press live tweeted; Judge Hellerstein after breaking from 1 pm to 2:40 pm sentenced her to 85 months.
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And, “ Deft. shall continue on bail pending appeal.”
On October 6 the US Attorney’s Office asked for 72 months on Oliver Amar.
On November 5 Inner City Press live tweeted the sentencing, thread - Judge Hellerstein returned from a break and sentenced Amar to 68 months. Much was said -
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Court art courtesy to Inner City Press by artist Elizabeth Williams
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