Young CEO sentenced in $175M fraud case

Startup founder Charlie Javice was sentenced Monday to seven years in jail for against the law the decide known as "biblical," defrauding JPMorgan Chase out of $175 million.

"Among the many commandments in the bible are the commandments of just weights and measures. Yours was not a just weight and measure," Judge Alvin Hellerstein stated through the sentencing listening to.

Javice was convicted of fraud in March for mendacity about her monetary help startup, and prosecutors had requested a 12-year sentence.