Apparently she defrauded JPMorgan of $175m with her startup, Frank by making up the number of customers and got a job as an MD there.
https://apnews.com/article/charlie-javice-convicted-fraud-jp-morgan-783cb7b089f6ab5d814c4c0984f0302b
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Seems like she was caught pretty dead to rights. Baez was throwing everything he could at the wall.
I did find it interesting that the key witness, the head of engineering at Frank, left Frank for JPM and stayed with the company after the fraud was discovered. Not unusual for chief engineers to go to the buyer, but if he was complicit then they likely would’ve let him go.
Sounded like they got all the messages of her asking him + the $18k bribed person to forge fake data.
What a stupid way to kill your career and go to jail. Surprised she went to Wharton.
Chief engineer refused to fake the data, so he's good. He may not even have known that someone else agreed to do it.
BTW, how was Trevor better than Charlie, besides donating to the campaign?
"Trump pardons Trevor Milton — one-time Elon Musk rival convicted of fraud"
No trolling, honest question. Not very familiar with the intricacies of these cases.
Good points.
Would be a shame if people took this interesting story of fraud in our industry and turned it into a debate on religious crimes throughout history 👀
You are surprised she went to Wharton? Like that is some kind of palace or morality?
As in, I’m shocked someone seemingly so incredibly dumb was able to make it through any selective filter.
This is one of the stupidest and most obvious ways to commit fraud I’ve ever seen.
Financial fraud and surprised she went to Wharton? Yeah, I'm not surprised that she's done both.
peak millennial girlboss behavior. probably never had anyone tell her no in her life (you can do anything!)
the funniest part is that it was so deliberately fraud. she hired a mathematician to make a couple million random customers in an excel, and then had a third party verify there were a million plus names in the file.
somehow she thought this would never be uncovered by JP Morgan of all firms (that her list of 3 million customers was completely made up).
she will be in jail for a bit and she deserves it.
You should be fired for this language; bigoted dumbass.
Was dumped by a Jewish girl without saying he was out loud.
Literally calling for the removal and/or murder of Jews. You sound like Hitler.
Imagine you are literally that antisemitic, that every bad trait in a person and every bad action is simply based on them being jewish. You are acting as if other people never attempted fraud. Anyways, thats a regular statement for people hanging in their weird free palestine bubble, where things like that are normalized.
The reason that Jews have influence is due to achieving far more than the typical US citizen. Their achievements lead to wealth and wealth leads to influence. Claiming they believe that rules do not apply to them is straight up antisemitic. I have no idea what you mean by religious texts and rules.
Saying that Jews do not believe rules apply to them is dumb as fuck. Jews are more well versed in the law than any other group in the US and tend to be rule followers
20-something girlboss founder with an exit seemingly too good to be true?
Interesting to see the actual investment committee dynamics play out for this. When Jamie Dimon personally brings in a company he wants to acquire that comes with massive DEI points (young white attractive female fintech founder), the approval process is just rubber stamping.
guys are so burned out doing 80 hour weeks in flourescant lighting for decades plus, they talked themselves into rubber stamping the entire diligence process just to get more access/connectivity to a 6.5/10 white girl.
Forbes 30 under 30 does not miss!
lol (out of SBs)
forbes GOATs![]()
Elizabeth Holmes is Protestant you dolt: the last Jew in her family was a great, great, grandfather or something.
Not sure what there is to discuss, except the fact that this kind of behavior is endemic to the whole venture capital/tech scene. She was particularly egregious and particularly stupid, and got caught. But ethically it's not THAT much different from what any other "disruptor" does, it's just that JP Morgan hadn't yet offloaded all their risk to retail investors.
Why is it so much better for any other company to light money on fire in an attempt to artificially boost a user base and then pull the rug out?
You genuinely don't see the difference between spending outsized capital to acquire actual customers and just making them up?
I see a difference, yes... which is why I said so. As I clearly stated, I think the game plan for all of these "disruptors" was to spend money to acquire what amounts to phony clients, IPO on the back of that inflated number, and pass all the risk on to the market. Of course there is a difference between burning cash and paying people to become temporary customers and just making them up... but ethically I don't think there is all that much daylight between them.
Uber was caught, on multiple occasions, using it's own paid workforce to call and cancel rides for Lyft and Gett in order to decrease the availability of drivers for rival rideshare firms. So, you know, using their venture cash to create, ~gasp~ fake riders! This kind of behavior is endemic to the entire tech scene. This woman was particularly egregious and particularly stupid and got caught, but as I've said, from an ethical point of view, she wasn't doing anything way worse than anyone else. JPM got caught out because no one was doing any diligence on any of these firms. That's the dirty secret of whatever flavor-of-the-month investment we're talking about. The competition to make that home run investment means that even the most reputable players are just throwing money away without bothering to see if the thing they're investing in is real or honest.
Also lovely to see that after a nice hiatus for a couple years, all the outright bigots and anti-semites are coming back out of the woodwork on WSO...
The president loves the Jews though.
Lol. Good one!
Trump is probably the most pro-Israel, pro-Jewish President of this century. People like GourmetBonds do not represent his supporters; if you dont believe me, scroll through his comments history where he excoriates Trump for being “owned by Jewish donors.” He represents horseshoe theory - the coalescing of far left and far right antisemitism. That is why David Duke endorsed Jill Stein, and Nick Fuentes supported Kamala Harris.
How does a thread about fraud end up in a debate about religion?
Embarrassing (albeit rare) mistake for JPM.
Because GourmetBonds is an antisemitic bigot.
Patrick Curtis or some WSO mods need to come in here and either nuke this thread and/or ban some of these people. Vile and open sexism + antisemitism. Sometimes a dumbass fraudster is a dumbass fraudster, not because they are female, Jewish, or whatever these people are insinuating/openly declaring.
I mean, this is sort of the inevitable place right wing message boards end up these days. WSO got this bad several years back, too, and even the "good" conservatives all complained about censorship. Gotta walk that line between empowering outright bigots or risk losing the closet bigots.
@Ozymandia Most people who are center-right/right or centrist independents aren’t like this. Same with liberals and other left wingers. Are there “eating the cats people on the right”? Yes. Are there equivalently ignorant people on the left? Yes. Do I know what percent of each side is comprised of them? No. All I know is that this pinheaded kid is spewing stuff about Gaza and Hitler at the same time: he’s taking from both sides. I don’t think even he knows where on the political spectrum he falls (though he’s clearly not a Trump fan - he described his daughter marrying Kushner and converting as “what a waste”). All he has is antisemitism and Holocaust denial. I’m adding his Holocaust questioning here again because I think that as many people as possible should know exactly who this kid is, particularly because he selectively edits his comments to try to dispel accusations that he’s saying what he is actually saying.
@WallStreetOasis.com gave up years ago trying to regulate hate on his site. He knows it drives clicks so he doesn't care.
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