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Monday, November 17, 2025

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.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/vXHW7Bs

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