Young CEO sentenced in $175M fraud case

Startup founder Charlie Javice was sentenced Monday to seven years in prison for a crime the judge called "biblical," defrauding JPMorgan Chase out of $175 million.

"Among the many commandments in the bible are the commandments of just weights and measures. Yours was not a just weight and measure," Judge Alvin Hellerstein said during the sentencing hearing.

Javice was convicted of fraud in March for lying about her financial aid startup, and prosecutors had requested a 12-year sentence.

Author: ABC News
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