A young woman named Charlie Javice is on trial for allegedly lying to JPMorgan Chase, a big bank, to get a lot of money. She started a company to help students apply for financial aid. JPMorgan Chase wanted to buy her company for $175 million.
- Javice is accused of saying her company had millions of customers when it really only had a few hundred thousand.
- Prosecutors say she created fake customer data to make the deal happen.
- Javice's lawyer says the bank knew about the numbers and that they are just trying to back out of the deal.
| Fact | Number |
|---|---|
| Buyout Deal Amount | $175 million |
| Claimed Number of Customers | 4 million |
| Actual Number of Customers | 400,000 |
| Javice's Potential Earnings from Fraud | $45 million |
