Charlie Javice, convicted of fraud for deceiving JPMorgan into acquiring her startup for $175 million, awaits sentencing with a GPS ankle monitor. The judge's ruling came after her defense argued that the monitor would hamper her Pilates teaching career, but the judge indicated openness to reconsider if a new bail package is proposed. The jury concluded that Javice inflated claims about her startup's data on student financial aid applicants, portraying it as having over 4 million records when it had merely a fraction.
After Friday's verdict, Charlie Javice's lawyers argued that wearing an ankle monitor would negatively affect her career as a Pilates instructor.
US District Judge Alvin Hellerstein required Javice to wear a GPS ankle monitor until her August sentencing, indicating potential flexibility if presented with a revised bail package.
The jury's finding confirmed that Javice misled JPMorgan by claiming her startup had data on over 4 million students when it was actually fewer than 300,000.
Javice's legal team is invited to propose changes to her detention terms, with the judge suggesting alternatives to the ankle monitor if they can demonstrate sufficient security.
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