Companies JPMorgan Chase & Co FollowNEW YORK, May 22 (Reuters) - The young entrepreneur Charlie Javice pleaded not guilty on Monday to charges of defrauding JPMorgan Chase & Co (JPM.N) into buying her now-shuttered college financial aid startup Frank for $175 million in 2021. 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. Reporting by Luc Cohen in New York; editing by Grant McCoolOur Standards: The Thomson Reuters Trust Principles.

Source: Forbes May 22, 2023 20:23 UTC