Charlie Gavis was sentenced to 7 years in prison for fraud

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On Monday, a federal judge sentenced Charlie Gavis to be imprisoned for a period of seven years after the New York jury condemned the young entrepreneur to defraud Jpmorgan Chase in its sale of $ 175 million from its start.

Javis was wearing a creamy color suit, and she gave a tearful letter to the court in which she apologized to her parents, boyfriends, and “JPMorgan shareholders”.

She said, “In my fingernail, I still think I am a good person.” “Whatever the sentence is imposed, I will accept dignity and humility.”

Judge two thousand Hilters of the Federal Court of Manhattan also ordered Javis to pay a response to JPMorgan for $ 288 million and an additional $ 22 million. “You are a good person who did something bad,” Helorstin told her.

However, Judge Javis allowed free to stay on bail while continuing her appeal.

The judge said: “If there is an opportunity to succeed, then I would like to give her to her.” “The only way I can give it is through the sponsorship. We are all human and it will be wrong not to think about it.” Javis had indicated in the recent court files that are being treated for a dangerous medical condition.

Javice’s Frank Frank, which he founded in 2017 shortly after its graduation from Wharton School at the University of Pennsylvania, helped the college to move in financial aid models.

JPMorgan Frank bought in 2021 and the court told this year that she did this to reach what he believed to be more than 4 million users.

The bank said that it later learned that the company has a customer base of only this number. She said that Javis, 33, and her co -founder Olivier Ammar, had rented a data world to create millions of users fabricated at the time of the company’s sale. Javis was found sinner In March.

In the ruling on Monday, Helperstein was criticizing the bank, saying that he was responsible for “very bad care.” But the judge said that “he was punishing her behavior, not Jpmorgan stupidity“.

Ammar is condemned separately for fraud and is scheduled to be sentenced to October.

Prosecutors have requested a 12 -year prison sentence, asking the court to send a “strongly required” message to the founders of startups, including “anxious trend” from “engaging in fraud, including a distortion procedure about their basic products or services.”

The government wrote in a recent court file: “An important sentence will be needed to deter Javis and refer to even the most brilliant founders, provided that their distortion of investors will meet serious rulings,” the government wrote in a recent court file.

Javis’s lawyers wrote in offers to the court that her crime “represents a deep deviation in an ideal life otherwise” and that “Frank was a real company, not a fraud.” They added that she was “not driven by greed.”

In court, Javis’s lawyer, Ronald Sullivan, said that “there is no evidence of greed, lifestyle, Ferraris, yachts, or private aircraft (OR) all over the world.”

He said that Javis should obtain a shorter sentence than the founder of Thiranus Elizabeth Holmes, who was sentenced to more than 11 years in prison in the federal prison for fraud in 2022, because it “has a real company that has already helped people.”

Javis had provided more than 100 support letters from her family, friends and even gates in the residential buildings in which she was staying.

Mark Rawan, co -founder of Apollo Global Management, who personally invested in Frank and Javis Guide, also asked Helperstein to impose a “lenient penalty” in a letter to court.

In a court file, the government said that Javis has invested some of the revenues of its fraud in the money managed by Apollo and the motivation partners, a private stock company owned by Apollo, a share in that. She said she invested some money in the Tiger Global Fund, which helped JPMorgan collection by her millions.

Javice’s lawyers, given the market value of JPMorgan, amounting to $ 868 billion, have armed with the deletion of $ 175 million would be a similar loss of $ 58 for the American Intermediate Family. JPMorgan has a suspended civil lawsuit against Javis.

In her letter to the judge, Javis requested “mercy.” “Whatever the sentence imposes your honor, I will do dignity and grace. I learned from my mistakes and promised you better work and be better.”