Fintech entrepreneur Charlie Javice faced conviction after a jury found her guilty of defrauding JPMorgan Chase out of $175 million related to her startup, Frank. Following her guilty verdict, federal prosecutors argued for electronic monitoring due to flight risk, as Javice holds dual US-French citizenship. Her defense lawyer opposed this request, stating an ankle monitor would obstruct her ability to work as a pilates instructor. The judge was skeptical, leading to a tense exchange regarding the necessity of monitoring until her sentencing on July 26.
The jury found that the pair conspired in 2021 to trick the country's largest bank out of $175 million, the sale price for her financial aid startup, Frank.
Javice's attorney quickly objected - because pilates. 'We believe this is unnecessary,' said defense lawyer Ron Sullivan, explaining that since losing her Frank financial aid website and getting fired by JPMorgan three years ago, Javice now makes her living as a pilates instructor.
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