The allegedly inflated numbers helped her sell her startup to JPMorgan Chase for $175 million.
Classmates of Charlie Javice told Fortune they were shocked by allegations she defrauded JPMorgan Chase for $175 million – and one wondered why she didn't immediately flee the country.
In January 2022, JPMorgan Chase realized that the subscriber numbers were inflated, and Javice was fired by the end of the year.
If I sold a company to JPMorgan Chase, I would explain everything, everything [that] I expensed including that salad that I bought at Sweetgreen that one time.
She is being charged with securities fraud, wire fraud, bank fraud, and conspiracy.
Persons:
Charlie Javice, didn't, Fortune, Frank, —, JPMorgan Chase, Javice
Organizations:
JPMorgan Chase, Morning, JPMorgan, Wharton School, University of Pennsylvania