Charlie Javice Found Guilty of Defrauding JPMorgan in $175 Million Acquisition

The New York Times

The New York Times

Summary

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The verdict followed a five-week trial in Manhattan federal court before U.S. District Judge Alvin Hellerstein.
Reuters
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Javice is among a number of young tech executives who vaulted to fame and media accolades with supposedly disruptive or transformative companies, only to see their businesses collapse amid questions about whether they had engaged in puffery and fraud while dealing with investors.
Guardian
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The jury decision comes after weeks of testimony in New York over who was to blame for the flameout of a once-promising startup.
CNBC
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Federal prosecutors accused Javice, 32, of "falsely and dramatically" inflating the number of her company's customers to entice JPMorgan Chase into buying it.
NBC News

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References

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Bloomberg.com
JPMorgan Was Victim of ‘Brazen Fraud,’ US Says in Charlie Javice Closing Arguments
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