ReferIndia News Startup Executive Sentenced in $175M JPMorgan Fraud Case

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Startup Executive Sentenced in $175M JPMorgan Fraud Case

Published on: Nov. 6, 2025, 4:13 a.m. | Source: Devdiscourse

Olivier Amar, a former executive at the startup Frank, has been sentenced to over five years in prison for his role in defrauding JPMorgan Chase during its $175 million acquisition of the company. Frank's founder, Charlie Javice, had previously received a seven-year sentence. Amar is also ordered to pay restitution.

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