Startup founder learns fate in enormous JPMorgan Chase fraud scheme

Charlie Javice, the founder of the student loan startup Frank, was sentenced Monday to more than seven years in prison for cheating JPMorgan Chase out of millions by inflating user data.Prosecutors said Javice, 33, duped JPMorgan Chase into buying her company by exaggerating its student numbers, leading to her March conviction on bank, securities, and wire fraud, as well as conspiracy charges.U.S. District Judge Alvin Hellerstein in Manhattan federal court handed down her 85-month prison sentence, followed by three years of supervised release. MICHAEL AVENATTI TO PLEAD GUILTY IN REMAINING CRIM