She entered her not guilty plea to securities fraud, wire fraud, bank fraud and conspiracy charges during a video appearance before U.S. Magistrate Judge Gabriel Gorenstein in Manhattan, court records showed. Javice has been free on $2 million bail since her first court appearance on April 4, a day after she was arrested. JPMorgan has said it learned of Javice’s alleged fraud after receiving few responses when it sent marketing materials to people whom she claimed were real. The bank closed Frank in January, and Chief Executive Jamie Dimon has called the acquisition a “huge mistake.”A JPMorgan spokesman declined to comment on Javice’s plea. Javice had studied at the University of Pennsylvania’s Wharton School.

Source: Forbes May 23, 2023 08:00 UTC