A tech start-up CEO once considered a preeminent American entrepreneur has been arrested and charged with fraud for allegedly lying to J.P. Morgan Chase, the Department of Justice said Tuesday.

Charlie Javice, previously featured as a Forbes magazine “30 Under 30” honoree, was arrested Monday night in New Jersey for lying about the number of customers her company serviced with its student loan assistance program, according to DOJ.

“She lied directly to JPMC and fabricated data to support those lies — all in order to make over $45 million from the sale of her company,” U.S. Attorney Damian Williams said in a statement. “This arrest should warn entrepreneurs who lie to advance their businesses that their lies will catch up to them, and this Office will hold them accountable for putting their greed above the law.”

A spokesperson for Javice said she denies the allegations and her lawyer declined to comment.

To continue reading the rest of the article, please click on the source link below:

https://www.yahoo.com/gma/startup-ceo-charged-175-million-033428178.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAHs_YsTErXSzkCSHFXlxI8st1XUrAj7YC0sAujvTVMbRUt0Yig9_2vM8ScgTKn8G6afHzmgBV9fweXqT6VFLpK_o75lblRLEPTHdcBaPzpTx15BSFVR1mkmueViKCgl1z0fNs9JFia2jhr5j0x_I7CW4Zu2-mYTzeWmd50W4WyKj