Javice Says $200 Million Loss Tiny to JPMorgan in Leniency Bid

Charlie Javice, who was convicted in March of defrauding JPMorgan Chase & Co. into acquiring her student-finance startup, argued for a lenient sentence, saying an estimated $200 million loss was “not consequential” for the largest US bank.

In a Monday court filing, lawyers for Javice, 33, urged US District Judge Alvin Hellerstein, who will sentence her on Sept. 29, to consider “the unique nature of the victim” in the case. Though acknowledging the loss was substantial in absolute terms, Javice’s defense team said that needed to be set against JPMorgan’s $4 trillion in assets and $169 billion in ...