Founder

High-Stakes Verdict Looms as Frank Founder Faces Fraud Charges Over Alleged Deceptive $175M Sale to JPMorgan

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New York — The founder of financial aid platform Frank, Charlie Javice, stands at the crux of a complex legal battle as closing arguments are due Wednesday in her trial on charges of fraud. Federal prosecutors in Manhattan have accused Javice, 32, and her top executive, Olivier Amar, 50, of fabricating user data to sell the website to JPMorgan Chase for $175 million. The trial comes with a potential prison sentence of up to 30 years if convicted of fraud and conspiracy charges. The allegations center around Javice’s claim in 2021 that Frank had amassed … Read more

Argentinian Lawyer Seeks International Arrest for LIBRA Memecoin Founder Amidst Massive Investor Losses

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Buenos Aires, Argentina – An Argentine lawyer has sought international legal aid to apprehend Hayden Davis, the creator of the cryptocurrency LIBRA, which has faced dramatic declines, shaking the digital currency market. Gregorio Dalbon, the attorney handling the case, has argued the urgency of securing an arrest warrant for Davis, citing risk due to Davis’s capacity to evade authorities fueled by his significant financial assets. Dalbon has formally requested the issuance of an Interpol red notice. This action is initiated with the intent to facilitate Davis’s capture and subsequent extradition to address charges linked to … Read more

Ex-Engineer Testifies Against Startup Founder in Fraud Trial Over Fabricated User Data

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New York, NY – In a dramatic moment during a high-profile fraud trial, Patrick Vovor, the former head engineer for the defunct student finance company Frank, testified against the company’s founder, Charlie Javice, and former Chief Growth Officer, Olivier Amar. The testimony unraveled further details about the controversial $175 million deal in which JPMorgan Chase acquired Frank in 2021. Vovor, who now works for JPMorgan Chase following the acquisition, stated in court that he was pressured by Javice and Amar to fabricate data for four million nonexistent users. Vovor recounted a specific instance during a … Read more

Adani Green Engages Independent Law Firms to Review Allegations Against Founder and Executives Over Bribery Claims

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In a significant move in the corporate legal landscape, Adani Green, a major Indian renewable energy company, has recently hired independent law firms to conduct a thorough review of the accusations levied against its executives by the U.S. Justice Department. The scrutiny comes in the wake of allegations involving Gautam Adani, the company’s founder, alongside other top officials, who are charged with executing a scheme amounting to the payment of $265 million in bribes to secure lucrative power contracts. The detailed review by the law firms was revealed in a 33-page document linked to the … Read more