Javice Co-Defendant Amar Gets 68 Months for Defrauding JPMorgan

Olivier Amar, the executive convicted alongside Charlie Javice of defrauding JPMorgan Chase & Co. in its $175 million acquisition of their student-finance startup, Frank, was sentenced to five years and eight months in prison.

Amar, 51, who was Frank’s chief growth officer, argued he should get substantially less time than the seven years to which Javice was sentenced in September because she led the fraud as the company’s founder and chief executive officer.

Olivier Amar

Photographer: Christian Monterrosa/Bloomberg

“You were intimately involved in the fraud,” US District Judge Alvin Hellerstein said in handing down Amar’s sentence on Wednesday.

Prosecutors with the Manhattan US attorney’s ...