Ex-startup founder and JPMorgan Chase investee Charlie Javice was sentenced Monday to more than seven years in jail for defrauding the financial giant by allegedly lying about her fintech app's customer base.

Charlie Javice, founder of college financial aid platform Frank, was arrested in 2023 on charges she defrauded JPMorgan Chase in the sale of the fintech firm.

Javice was convicted for defrauding JPMorgan Chase into buying her college financial aid startup Frank for $175m