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

Fannie Man tried his “mortgage fraud” scam on Todd Blanche: WSJ

2 hours ago

Orange Pharaoh hits all-time Reuters/Ipsos poll low at 32 percent

3 hours ago

Turns out the White House kind of needs a press pool for audio

9 hours ago

Fat Drama Queen calls media a national security threat

14 hours ago

CNN booted from White House press pool

23 hours ago

MAGA Land’s love of religious freedom contingent on the religion

1 day ago

Lots of shit gets blown up in Moscow

2 days ago

Tom Emmer comforted by meme he saw online

2 days ago

High school dropout accused of effing multiple congressional aides

2 days ago

President declares public antipathy to AI a hoax

2 days ago

“Not too long ago, Republicans were salivating…”

2 days ago

Tired: “Socialism” / Wired: “Communism”

3 days ago

WATCH LIVE: Angry grandpa takes afternoon nap on camera

3 days ago

Orange Fuhrer bans CNN, MS Now, and Politico from White House

3 days ago

K$H ordered FBI to stop cooperating with RCMP over CBC policy

3 days ago

If nobody’s watching then why complain?

3 days ago

Desperation for wins taken to previously unfathomed levels

3 days ago

Team Orange to build data centers on 17,600 acres of federal land

4 days ago

Regime shifting drone fleet to South America for expected ops

4 days ago

Susan Collins PAC canvasser caught porch pirating

4 days ago

New campaign ad BLASTS Trump immigration policy!

5 days ago

“The damaged MAGA brand will not appear in the disclaimers”

5 days ago

House finally passes Ratepayer Protection Act

5 days ago

WATCH LIVE: Maybe he dies in front of his racist, miserable fans

5 days ago

Remember when Trump kept losing his shit at Jerome Powell?

5 days ago

Mike Johnson calls it a wrap until mid-November

5 days ago

Quarter of Ohioans think Sherrod Brown still a senator: BGSU poll

6 days ago

Fox News reports Kirk still defunding woke universities

6 days ago

Marquette poll puts Dems up 13 percent on generic ballot

6 days ago

Fat baby conditions Kennedy Center’s existence on favorable ruling

6 days ago

WATCH LIVE: Todd auditions for White House press secretary role

6 days ago

Massie intros Hegseth impeachment articles

6 days ago

Dems 51 – GOP 43 on generic ballot: NYT/Siena poll

7 days ago

“‘The overall numbers beat the NFL,’ Trump wrote on Truth Social the next morning, long before any such numbers were available”

7 days ago

K$H in the hot seat: Live video

7 days ago

Ken Paxton lunged for US tourist’s phone after caught in London

1 week ago

Supreme Court tosses Trump mail-voting crackdown petition

1 week ago

Any man who must call himself a hoaxbuster is no hoaxbuster

1 week ago

DHS broke state laws in moronic voter fraud hunt: whistleblower

1 week ago

WATCH LIVE-ish: Jaydee already getting heckled in Kansas

1 week ago

Those unconcerned with threats from AI may want to reconsider

1 week ago

DiGenova quit after Blanche sent DOJ officials to “assist”: CNN

1 week ago

Houthis seize more Red Sea islands

1 week ago

President warns full-blown economic depression imminent

1 week ago

Los Angeles County neighborhoods hit with microquake swarm

1 week ago

Saudis shut down crucial pipeline amid Houthi/Iranian threat

1 week ago

Two Twenty-Six

1 week ago

Orange Fuhrer still won’t say why payout depends on midterms win

1 week ago

“The ballroom and the fucking Reflecting Pool”

1 week ago

Diesel prices top $6 a gallon because of Biden

2 weeks ago

x
x
x
x
x
x