StartupNews

Startup CEO Charlie Javice Found Guilty in High-Stakes Fraud Case Against JPMorgan

5 days ago

In a significant development within the financial and tech industries, Charlie Javice, the former CEO of the startup Frank, was convicted on charges of defrauding JPMorgan Chase as part of a multi-million dollar acquisition deal. The ruling, which came down from a federal jury in Manhattan, highlights the growing scrutiny on startups and their operational practices, particularly regarding financial disclosures and customer data.

Co-Founder of Climate Finance Unicorn Arrested on Fraud Charges

28 days ago

In a shocking turn of events in the climate finance sector, Johnathan Fletcher, co-founder of the high-profile startup ClimateCloud, was arrested on multiple fraud charges. The arrest, which took place last week, has sent ripples through the fintech and climate investment landscape, casting a shadow over a company once hailed for its innovative approach to sustainable financing.

JPMorgan Claims Victimhood in High-Stakes Fraud Trial Against Ex-CEO

1 month ago

In a sensational opening to the fraud trial of former Jamie Dimon protégé, Charlie Javice, federal prosecutors asserted that she deceived JPMorgan Chase & Co. with elaborate lies to secure a lucrative $175 million deal to acquire her startup, Frank. The trial commenced this past Monday in New York's Southern District, where the government outlined its case against Javice, who stands accused of orchestrating a scheme to falsify information on her company's client base in order to mislead the banking giant.

Farming Startup Plenty Faces Valuation Challenge Amidst Talks of Major Cut

3 months ago

Plenty, an innovative player in the indoor farming sector, is reportedly in negotiations that could lead to a dramatic reduction in its valuation, potentially exceeding 90%. This development comes as the company navigates a challenging economic landscape while attempting to secure new funding to sustain its growth trajectory.

The Innovative Startup Tackling Toxic 'Forever Chemicals' in Electric Vehicle Batteries

4 months ago

A breakthrough startup has emerged with the ambitious goal of eradicating hazardous substances commonly found in electric vehicle (EV) batteries, known as 'forever chemicals.' These substances, scientifically referred to as per- and polyfluoroalkyl substances (PFAS), pose significant environmental and health risks due to their persistence in the environment and the human body.