Startup CEO charged in $175 million fraud case
Charlie Javice, previously featured as a Forbes magazine “30 Under 30” honoree, allegedly lied about the number of customers her company serviced. A tech start-up CEO once considered a preeminent American entrepreneur has been arrested and charged with fraud for allegedly lying to J.P. Morgan Chase, the Department of Justice said Tuesday. Charlie Javice, previously featured as a Forbes magazine "30 Under 30" honoree, was arrested Monday night in New Jersey for lying about the number of customers her company serviced with its student loan assistance program, according to DOJ. MORE: Elizabeth Holmes bought one-way ticket to Mexico, prosecutors say "She lied directly to JPMC and fabricated data to support those lies -- all in order to make over $45 million from the sale of her company," U.S. Attorney Damian Williams said in a statement. "This arrest should warn entrepreneurs who lie to advance their Business es that their lies will catch up to them, and this Offi...