The criminal trial against Fintech startup founder Charlie Javice began Friday, with lawyers putting their opening arguments, Reuters reported.
Lawyers announced their original claims and defenses from The lawsuit filed By JPMorgan Chase against Javice in December of 2022. The giant financial service says Javice has helped “fake millions of customers to provoke the bank to buy his company,” startup financial financial study that Frank, for $ 175 million. That charge is also the root of A SEC Complaint.
JPMorgan claims it learned about alleged fraud when more than 70% of marketing test emails on a list of Frank's customers returning.
Javice's lawyers claim that JPMorgan has made many diligence and this suit is the result of consumer remorse for changing the government in the way of financial aid forms; They said that fraud is a way to get rid of the deal.
Javice, now 32 years old, could be punished for many years in prison if he was convicted of deception and created fake data.
Wishing you more Fintech news in your inbox? Sign up for TechCrunch Fintech Here.
Wanna reach a tip? I -email me at Maryann@techcrunch.com Or send me a signal message at 408.204.3036. You can also send a note to the entire Techcrunch crew to tips@techcrunch.com. For safer communication, Click here to interact with uswhich includes securedrop and links to the concluded messaging apps.
