JPMorgan Chase fraud case: Another indictment issued
Meghann Dyke
Video Embed
A second former start-up executive has been indicted on charges of helping defraud a major lending firm.
Olivier Amar, the now ex-executive who helped oversee the college startup Frank, is charged for his alleged role in convincing JPMorgan Chase to purchase his former company.
THREE TAKEAWAYS FROM DAY ONE OF TURNING POINT ACTION CONFERENCE
Amar, 49, is accused of assisting with the $175 million purchase of his former company, as described in the federal indictment.
Authorities have mounted their case on claims of wire fraud, bank fraud, securities fraud, and conspiracy. Amar was the former startup’s chief growth officer.
CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER
Frank founder Charlie Javice, 31, is currently facing federal charges on the same counts.
Amar has since pleaded not guilty in court, as well as having posted a $1 million bond.