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Charlie Javice, founder of the student aid startup Frank, has been convicted of defrauding JP Morgan Chase of $175 million by falsely claiming millions of customers. A jury found her guilty of multiple fraud counts after a five-week trial, and she faces decades in prison. Javice's case has drawn comparisons to Elizabeth Holmes' Theranos fraud conviction, highlighting challenges faced by young female entrepreneurs in tech. Sentencing is set for August.
Charlie Javice and Olivier Amar are co-defendants facing up to 30 years in prison for conspiracy and bank fraud, accused of misleading JPMorgan into paying $175 million for the Frank startup by inflating user numbers. Text exchanges between the two revealed their close relationship and anxiety over the deal, while Javice's defense argued that the now-defunct Frank website, which they claim contained accurate user metrics, was a crucial piece of evidence that prosecutors withheld. The trial continues as federal prosecutors present their case, with the defense asserting that the bank was more interested in acquiring Javice than the data itself.
Silicon Valley's elite are increasingly obsessed with achieving immortality, employing radical biohacking methods to extend their lives. This trend is exemplified by figures like Bryan Johnson, who promotes extreme health practices and community-focused initiatives like "Don't Die" dinners. The conversation explores the implications of these pursuits for society at large.
Philips is advancing healthcare with innovative AI solutions, launching products like the CT 5300 scanner and Smart Quant Neuro 3D for brain disorder diagnostics. The company is also expanding partnerships, notably with AWS, to enhance pathology image analysis and streamline workflows. Meanwhile, residents of "Cancer Alley" in Louisiana face severe pollution and health risks, with new research indicating that cancer risks from ethylene oxide exposure are significantly underestimated, exacerbating the community's plight.
Elizabeth Holmes
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fraud trial reveals text exchanges between frank founder and co-defendant
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