WTH good ranking for Forbes. How much % is fraud at Forbes?
JPMorgan was lured in by what appeared to be a database of 4 million users. In reality, that figure hovered around 300,000 users.
Federal prosecutors had requested a 12-year prison sentence. Lawyers for Ms Javice, who had pleaded not guilty, had asked for just 18 months.
US District Judge Alvin Hellerstein also ordered Ms Javice to forfeit more than $22m - and pay more than $287m to JPMorgan together with her co-defendant Olivier Amar, the start-up's chief growth and acquisition officer.
Ms Javice, 33, made a name for herself in finance after founding Frank in 2017. The start-up was lauded for helping students navigate the college financial aid process, and Ms Javice was named on the Forbes '30 Under 30' list two years after starting the company.
lazyasciiart•1h ago
What?
throwaway-0001•53m ago
How much % of Forbes is fraud? Anyone keeps tracking?
nashashmi•16m ago
I think all of them have been found guilty of something
jacquesm•1h ago
Yes. Like an investment by SoftBank that's almost a kiss of death now. They even have a hall of shame.
alfiedotwtf•1m ago
If SoftBank invests in a 30 Under 30 founder, does it cancel each other out, or does it effectively speed-run the time between investment and jail time
blitzar•34m ago
The criteria to be on the list is having a PR team to get you on the list.
The overlap between Under 30's with a PR team dedicated to getting them "on the list" and grifters, shysters and con artists is pretty big.
gorgoiler•1h ago
The convicted founders were ordered to pay $280m to JPMorgan. Is this paying them back, and if so, is it not there the entire list of investors / angels / seed backers doing the payback?
gosub100•37m ago
When will jp Morgan execs get sentenced for laundering Epstein's sex trafficking money?
2OEH8eoCRo0•2m ago
Since the article doesn't state it she got 85 months, a little over 7 years.
Vosporos•1h ago
throwaway-0001•1h ago
JPMorgan was lured in by what appeared to be a database of 4 million users. In reality, that figure hovered around 300,000 users. Federal prosecutors had requested a 12-year prison sentence. Lawyers for Ms Javice, who had pleaded not guilty, had asked for just 18 months. US District Judge Alvin Hellerstein also ordered Ms Javice to forfeit more than $22m - and pay more than $287m to JPMorgan together with her co-defendant Olivier Amar, the start-up's chief growth and acquisition officer. Ms Javice, 33, made a name for herself in finance after founding Frank in 2017. The start-up was lauded for helping students navigate the college financial aid process, and Ms Javice was named on the Forbes '30 Under 30' list two years after starting the company.
lazyasciiart•1h ago
throwaway-0001•53m ago
nashashmi•16m ago
jacquesm•1h ago
alfiedotwtf•1m ago
blitzar•34m ago
The overlap between Under 30's with a PR team dedicated to getting them "on the list" and grifters, shysters and con artists is pretty big.