Frank founder Charlie Javice cites fertility struggles, Holocaust-surviving grandmother, in bid for no prison

[Brian4Liberty]

Frank founder Charlie Javice cites fertility struggles, Holocaust-surviving grandmother, in bid for no prison​

• Frank founder Charlie Javice was convicted in March of defrauding JPMorgan Chase out of $175M.
• On Tuesday, Javice filed nearly 300 pages in support of a sentence of zero time or restitution.
• She cites a Holocaust-surviving grandmother, fertility struggles, and a commitment to charity.

It's her own application for federal aid.

Fallen fintech phenom Charlie Javice, convicted of tricking JPMorgan Chase into paying $175 million for Frank, her student financial aid website, is asking a federal judge for a no-jail sentence and zero restitution.

Late Monday, lawyers for Javice, 33, filed nearly 300 pages of legal arguments and support letters ahead of her scheduled September 29 sentencing on four counts of defrauding the largest US bank.

Javice's presentencing submission cites her Holocaust-surviving grandmother, her yearslong struggles with infertility, and a commitment to charity that began, according to her mother, in grade school.

Javice, who grew up in White Plains, New York, was 7 when she "slipped into" a local soup kitchen and started serving meals.

"By nine, she was essentially running the place — organizing volunteers, assigning stations, making sure everyone was fed," the mother, Natalie Rosin, wrote in one of 114 support letters from friends and family.

At 14, she was protesting the genocide in Darfur, and at 16, "she helped build an orphanage and taught English to Karen refugee children in Thailand," her father, Didier Javice, wrote.

Javice's grandmother, a Holocaust survivor, "often said that the only thing she carried from Europe was her education," her lawyers wrote. "Ms. Javice built Frank on that conviction, seeing education as survival, dignity, and freedom."
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Frank founder Charlie Javice cites fertility struggles, Holocaust-surviving grandmother, in bid for no prison

Charlie Javice — the young tech entrepreneur convicted of defrauding JPMorgan Chase —wants a no-jail, no-restitution sentence.

www.businessinsider.com

 

[Brian4Liberty]

Her lawyers are arguing for no restitution(!), and no jail time. Really, she should be a made a Saint for all of her good works...

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Charlie Javice takes 'full responsibility,' asks for mercy ahead of JPMorgan Chase fraud sentencing​

• Frank founder Charlie Javice was convicted in March of defrauding JPMorgan Chase out of $175M.
• On Friday, she made a personal plea for mercy to the judge ahead of her September 29 sentencing.
• "I take full responsibility for my actions," she wrote in a three-page letter.

Frank's founder, Charlie Javice, has made a personal plea for mercy ahead of her sentencing for defrauding JPMorgan Chase out of $175 million.

"I accept the jury's verdict and take full responsibility for my actions," she said in a three-page letter to the Manhattan judge who presided over her March trial, and who is due to sentence her on September 29.

"There are no excuses, only regret — I am truly sorry," she wrote to US District Judge Alvin K. Hellerstein.
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Again, in Friday's personal letter to Hellerstein, Javice mentioned her lifelong commitment to charitable works, her yearning to become a mother, and her Holocaust-surviving grandmother.

She also expressed her hope that a mistake made in her 20s would not ruin the rest of her life.
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"Adjusting to this reality as I approach the age of 34 has been crushingly sad not only to me but also to my aging parents. My mom is now approaching the age at which my grandmother and great-grandmother were diagnosed with pancreatic cancer.

"The thought of not being there for my mom, or of not being able to give her grandchildren, is unbearable," she wrote.
...
Javice, now 33, faces a potential maximum sentence of 30 years in prison for using fake data to trick the largest US bank into splurging on the startup.

The jury found she used spreadsheets filled with bogus data to convince JPMorgan that she had contact info and financial data for over 4 million students, young people at the start of their banking journeys.

The bank had hoped to market financial services to these students, but quickly discovered it had overpaid: Javice's website only had data for 300,000 students.
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Excerpts from her letter to the Judge:

"I have tried to live not just with words but with action: starting a soup kitchen as a teenager, launching apprenticeships for underserved youth in Israel, advising a clinic for children with special needs, and, more recently, volunteering to help formerly incarcerated women find housing and jobs. These efforts are my way of honoring the legacy passed to me, of offering small acts of kindness hoping they will deliver something lasting.
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After college, I started Frank from a desire to help students navigate the bewildering process of accessing higher education. I did so out of gratitude for the financial aid I had received and a desire to give others a fair shot. My grandmother, who fled the Nazis, taught me that education is the only thing you can take with you and the greatest gift one can give.
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I have lost time. At 29, I put my life on hold, including my hopes of becoming a young mother. While I still hope motherhood is in the cards for me, at this point I realize it is not guaranteed. Adjusting to this reality as I approach the age of 34 has been crushingly sad not only to me but also to my aging parents. My mom is now approaching the age at which my grandmother and great-grandmother were diagnosed with pancreatic cancer. The thought of not being there for my mom, or of not being able to give her grandchildren, is unbearable."
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As the day of my sentencing grows near, I am sustained by hope—hope that has been tested but never broken, and embodied in the words of Golda Meir: “Pessimism is a luxury that a Jew can never allow himself.”"
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Charlie Javice takes 'full responsibility,' asks for mercy ahead of JPMorgan Chase fraud sentencing

"There are no excuses, only regret," Javice wrote her judge Friday night, ahead of her sentencing for defrauding JPMorgan Chase out of $175 million

www.businessinsider.com