Meet Charlie Javice: Woman who scammed JP Morgan for $175M — but the bank is paying her $142M legal bills
A fintech founder, Charlie Javice, defrauded JPMorgan into buying her startup for $175 million. Despite her conviction and prison sentence, the bank is still footing over $142 million in her legal bills due to an acquisition clause. This bizarre situation highlights a massive due diligence failure and the potential for contractual protections to backfire spectacularly.🕒 1 min read
A fintech founder, Charlie Javice, defrauded JPMorgan into buying her startup for $175 million. Despite her conviction and prison sentence, the bank is still footing over $142 million in her legal bills due to an acquisition clause. This bizarre situation highlights a massive due diligence failure and the potential for contractual protections to backfire spectacularly.
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