Charlie Javice, founder of startup Frank, was sentenced on Monday after being convicted of charges related to deceiving JPMorgan Chase into a $175 million acquisition, the Department of Justice announced.

Why it matters: The 33-year-old who featured in Forbes' "30 under 30" list six years ago must now serve 85 months in prison for "falsely and dramatically inflating the number of customers" of her company to "fraudulently induce JP Morgan Chase" to acquire Frank for $175 million, per a DOJ post Monday.

State of play: JPMorgan Chase sued Frank in March 2023, saying Javice had lied about the company's size. • Federal prosecutors and the U.S. Securities and Exchange Commission filed criminal and civil fraud charges against her a month later. • In March this year, Javice was along with F

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