Charlie Javice, the founder of JPMORGAN, purchased for $ 175 million, was found guilty of fraudulent banks by inflating the number of customers on Friday.
After a five -week trial, the jury was convicted by the prosecution’s claim that Javice was found guilty and accused JPMORGAN’s list of Frank customer lists to acquire JPMORGAN’s startup.
When JPMORGAN acquired Frank in 2021, the bank thought there were 4 million customers in a new company. The bank found that the actual number of customers later was only 300,000 when the test marketing e -mail was sent to the Frank user, and about 70%of the message came out.
Javice hired a professor of mathematics to create fake customer data, and the bank submitted to JPMORGAN when considering the company’s purchase.
The lawyer argued that the lawsuit was the result of the regret of the buyer’s regret due to the government change in the way the financial support form was prepared. Javice was not guilty and did not take a position during the trial.
Javice, currently 32 years old, has been sentenced to imprisonment for decades. According to the CNBC report, the sentence is expected to take place in August.
Javice established Frank in the mid -20s in 2017. In 2019, she was nominated for Forbes 30 under 30 years old.
