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

[TexasTowelie]

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.

[bucolic_frolic]

1. The certainty and arrogance of these fraudsters is staggering

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. defrauding you or ne would not have warranted a investigation

jarvis frauded j p mprgan.

[bucolic_frolic]

3. That's true to a great extent

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.