Fintech founder’s criminal process Charlie Javis started

The criminal process against the founder of the launch of Fintech Charlie Javis began on Friday, with lawyers setting out their opening arguments, Reuters reported.

The lawyers repeated their initial claims and defenses from case JPMORGAN Chase against Javice in December 2022. The financial services giant claims that Javice helped “counterfeit millions of customers to get the bank to buy her company”, starting a $ 175 million financial planning aid. This charge was also the root of complaintWho accuses that Javice has “made numerous misconceptions” about Frank’s alleged millions of users to lure JPMorgan.

JpMorgan claims to have learned about the alleged scam when more than 70% of marketing tests to Frank’s clients have jumped back.

Javice’s lawyers claim that JPMorgan had sufficient diligence and this claim was the result of the buyer’s remorse due to a change in the government in the way the financial assistance forms are completed; They say the claim of fraud is a way to get out of the deal.

Javis, who is already 32 years old, can be sentenced to many years in prison if she has been sentenced to fraud and creating false data.

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