JPMorgan sues start-up founder of Frank for faking user growth and account details before selling her company

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Charlie was the owner which was sold to JP Morgan for $175 million after faking the user growth numbers

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Charlie has now been arrested and is in prison awaiting the trial for fraud and conspiracy charges

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The youngster had also featured in the Forbes List of 30 under 30 in 2019 and was regarded as a promising entrepreneur

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Javice made an appearance on Tuesday before US Magistrate Judge in Manhattan, who set bail at $2 million

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The Securities and Exchange Commission filed related civil charges on her after JPMorgan sued her for fraud

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US Attorney Damian Williams, in a statement, elaborated on the reason behind the arrest of Charlie Jarvis

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Javice had received over USD 21 million for selling her equity stake in Frank and, as per the terms of the deal

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