Fintech founder Charlie Gavis began the criminal

The criminal trial began against the founder of Fintech Charlie Javice on Friday, when the lawyers put their opening arguments, Reuters mentioned.

Lawyers repeated their claims and their original defenses from The lawsuit submitted By JPMorgan Chase against Javice in December 2022. Financial Service giant claims that Javice helped “millions of clients fake to urge the bank to buy its company”, the start of the Aid Financial Frank students, for $ 175 million. That charge was also a root SEC complaintWho accused Javice “made many distortions” around millions of alleged users from Frank to seduce Jpmorgan.

Jpmorgan claims to discover alleged fraud when she wore more than 70 % of marketing emails to a list of Frank customers.

Javice’s lawyers claim that JPMorgan has made a great diligence and that this lawsuit is the result of the buyer’s remorse due to the government’s change in the way in which the financial aid models are filled with fraud alleging a way to get out of the deal.

Javis, 32, can be sentenced to prison years in prison if he is convicted of deception and created fake data.

Do you want more Fintech news in your inbox? Subscribe to Techcrunch Fintech here.

Want to communicate with advice? Send me an email in maryann@techcrunch.com Or send me a message on a reference to 408.204.3036. You can also send a note to the entire Techcrunch crew on tips@techcrunch.com. For more connections, Click here to contact usWhich include secretrop and links to encrypted messaging applications.