Charlie Javice is on trial in Manhattan for allegedly defrauding JPMorgan Chase during the acquisition of her startup, Frank. The jury selection process included inquiries into jurors' backgrounds in finance and personal relationships with influential figures like Jamie Dimon. After extensive questioning, a jury of 12 members and 4 alternates was chosen, with several excused due to conflicts of interest. Opening statements commenced after lunch, with prosecutors alleging that Javice and her former colleague misrepresented Frank's financial success to JPMorgan Chase, which acquired the company for $175 million in 2021.
"This is not an easy procedure. It was difficult. It took longer than I expected," federal Judge Alvin K. Hellerstein said after 12 jurors and 4 alternates had been selected.
Prosecutors say Javice and her former colleague Olivier Amar defrauded JPMorgan Chase by lying about the success of Frank, a startup she launched to help students apply for college financial aid.
JPMorgan Chase paid $175 million to acquire Frank in 2021, keeping Javice and Amar on as the first and second in command and giving them lucrative compensation packages.
Throughout the voir dire process, Javice - dressed in a blouse and pencil skirt - smiled in the direction of jurors and took frequent notes. She appeared personable and chatted with the attorneys.
Collection
[
|
...
]