Categories
Uncategorized

Startup founder convicted of defrauding JP Morgan Chase

“Today, a unanimous jury found Charlie Javice and Olivier Amar guilty of orchestrating a brazen fraud. Javice, the founder and CEO of Frank, falsely claimed that her company had millions of customers when, in reality, it had just a fraction of that number. She and Amar, the Chief Growth Officer, fabricated data, lied to major financial institutions, and sold their business for $175 million.”

“And while Javice and Amar may have thought that they could lie and cheat their way to a huge payday, their lies caught up with them, and they now stand convicted by a jury of their peers in federal court. This Office will continue to pursue financial fraud aggressively and hold accountable those who put greed above honesty. I commend the career prosecutors of this Office and our law enforcement partners who worked tirelessly to bring this case to trial and secure today’s verdict.

“Thanks to their efforts, Javice and Amar will now pay a steep price for their lies,” says Matthew Podolsky, Acting US Attorney in the Southern District of New York in a statement after Chase got their bloody revenge for being suckered into paying $175 million for Javice and Amar’s lame student loan financing startup without first checking the fake database full of nonexistent customers. Chase only found out the customers were largely fake when they tried to spam the “Frank” database and just 28 percent of the email addresses were deliverable, per the Wall Street Journal.

It’s kind of like what Trevor Milton, the founder of Nikola did: He lied to investors about how many pre-orders he got for his vaporware electric semi trucks, yet for just about a $2 million investment in contributions to Republican PACs, including $920,000 to one called “Trump 47,” Milton got himself a pardon absolving him of four years in the joint and owing $695 million in restitution. On Friday Trump told reporters the case was a witch hunt, not mentioning that it started when he was president.

So yeah, Podolsky’s talk about holding accountable “those who put greed above honesty” has some asterisks to it these days. Not just the Milton one but the Eric Adams, Andy Ogles, and Ken Paxton ones too. Plus that crypto scumbag Justin Sun. And those are just the ones we know about.

Hopefully for Javice’s sake she’s still got $2 million lying around and can cut a check to buy up $2 million in Truth Social stock or NFTs or something. It’s worth a shot and it’s not like Jamie Dimon’s going to speak up and complain about her getting pardoned. Dimon’s a pussy-ass bitch.

Created by potrace 1.16, written by Peter Selinger 2001-2019

Orange Demagogue keeping up the Abbey Gate act

5 hours ago

Talarico seeks to unseal Paxton depositions

6 hours ago

Trump teaches Canada a lesson with Lake Ontario renaming

10 hours ago

Tourists among hundreds missing in deadly Nepal/Tibet flash flood

13 hours ago

Breitbart genders police officers, implies factor in outcome

15 hours ago

Darline Graham wins South Carolina GOP Senate primary

1 day ago

Dolly Parton has died

1 day ago

“Iran raised your gas prices” now a GOP campaign slogan

1 day ago

Regime considering demolishing Kennedy Center

1 day ago

RFK Jr notches major win: Two dead of measles in Pennsylvania

1 day ago

RNC goes to the mat to fight hard for health insurance companies

1 day ago

“Serious consideration”

2 days ago

Raging Reno, Nevada wildfire finally easing

2 days ago

Jesse Watters struggles against noncompliant interview subject

2 days ago

Supreme Court allows Trump crackdown on mail-in voting

2 days ago

Orange Baby threatens Canada some more

2 days ago

Wait for the punchline

2 days ago

Comer marvels at investigative target’s ability to evade his scrutiny

2 days ago

California AG cancels settlement talks meeting with Paramount

2 days ago

“IRAN IS COMPLETELY COLLAPSING!!!”

2 days ago

John Solomon reports other guys high on hopium

3 days ago

CBP arrests USS Abraham Lincoln sailor’s dad

3 days ago

Log cabin burns to the ground

3 days ago

“The Biden Administration is over!”

3 days ago

Louisiana ICE agent arrested for breaking into ex’s home

3 days ago

Jared Kushner pleads for preemptive mercy from Jeffries

3 days ago

Flock CEO details the human side of a mass surveillance state

4 days ago

ChiComs making you hate data centers: New Big Tech PR message

4 days ago

Trump interrupted by heckler at cult speech

5 days ago

RNC chair blames Biden for abysmal Trump approval ratings

5 days ago

Supreme Court allows work to continue on Trump ballroom

5 days ago

Don Jr-backed “anti-woke marketplace” PublicSquare collapses

5 days ago

“As everyone knows, under President Biden…”

6 days ago

Breitbart reports socialist on slippery slope to full-blown Marxism

6 days ago

Natalie Harp’s creepy, obsessive letters to Trump leak to Daily Beast

6 days ago

Navy to rename carrier USS Doris Miller to USS Donald Trump: CNN

6 days ago

Smarmy MAGA Congressman says Trump pussied out vs Iran

6 days ago

Undercover ICE agent dropped recording device at church

6 days ago

FBI agents seize Swalwell’s devices, raid house

6 days ago

WSJ declares Bonesaw’s insane future city project DOA

6 days ago

Republicans urge Big Tech to improve data centers’ image

7 days ago

“Toughest president ever” announces “ECONOMIC D-DAY”

1 week ago

WATCH LIVE: Orange Marie Antionette gushes over his Versailles

1 week ago

Orange God Emperor retroactively undorses Cory Mills

1 week ago

Byron Dork butthurt as “dirty trick” works out well so far

1 week ago

Madison Cawthorn gets 8.5 percent in FL-19 primary

1 week ago

Cory Mills loses primary

1 week ago

BREAKING: Fox News admits they lied to viewers about gas prices

1 week ago

California MAGA county clerk to hire Tina Peters as top deputy

1 week ago

“Peace president” gives up on peace talks

1 week ago

x
x
x
x
x
x