Frank founder accused of defrauding JPMorgan says government's scheduling request puts her at disadvantage

of her company says the federal government's effort to pause a civil lawsuit against her would give prosecutors an advantage over her in their criminal case.

She's accused of grossly inflating the number of Frank customers to “fraudulently induce” the bank to buy the company in 2021. “The Government makes no effort to conceal the fact that its application is expressly designed to gain advantage in the criminal action,” Spiro said, adding the move would “enable the SEC and the Government to play hide-the-ball with Ms. Javice as she fights for her liberty and livelihood.”

But the government said its request was “appropriate” because “any exchange of discovery in the SEC Case would be asymmetrical and would allow the defendants to circumvent the criminal discovery rules and improperly tailor their defenses in the Criminal Case,” according to a May court filing.

Source: News Formal (newsformal.com)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JPMorgan Chase CEO Jamie Dimon tells lawmakers to get ride of debt ceiling: ReportJPMorgan Chase & Co. CEO Jamie Dimon urged Democratic lawmakers to do away with the debt ceiling in a closed-door lunch meeting on Tuesday, CNN reported....
Source: MarketWatch - 🏆 3. / 97 Read more »

Frank founder Charlie Javice appears in federal courtCharlie Javice, the founder of student loan assistance company Frank, appears in court over allegations she bought or invented email addresses to claim millions of users
Source: BusinessInsider - 🏆 729. / 51 Read more »

Marvel Knows What You’ll Be Watching Through 2026From Charlie Cox in She-Hulk, to Charlie Cox in Echo, to Charlie Cox in Daredevil: Born Again.
Source: NYMag - 🏆 111. / 63 Read more »

JPMorgan CEO Jamie Dimon Urges Against Challenging US Dollar's Reserve Currency Status – Economics Bitcoin NewsJPMorgan CEO JamieDimon has advised against challenging the U.S. dollar's reserve currency status as global dedollarization trend rises.
Source: BTCTN - 🏆 531. / 51 Read more »

Tech stocks have rallied into bubble territory, may retreat: JPMorganSurging tech stocks are entering bubble territory and could see a pullback soon, JPMorgan's top strategist says
Source: BusinessInsider - 🏆 729. / 51 Read more »

Goldman Sachs joins JPMorgan, Morgan Stanley in Odey Asset Management review ties -sourcesGoldman Sachs , JPMorgan and Morgan Stanley are reviewing their prime broking relationships with Odey Asset Management after allegations of sexual misconduct were reported by the Financial Times and Tortoise Media on Thursday, sources familiar with the matter said.
Source: Reuters - 🏆 2. / 97 Read more »