Overview

• U.S. District Judge Alvin Hellerstein imposed an 85‑month prison term plus three years of supervised release, $22.36 million in forfeiture and $287 million in restitution.
• Javice remains free on bail pending appeal after her March jury conviction on bank, securities and wire fraud, as well as conspiracy.
• Prosecutors said she claimed roughly 4.25 million users when Frank had closer to 300,000, relying on synthetic records created with an outside data scientist.
• The government had urged a 12‑year sentence and about $300 million in restitution; the judge said deterrence was necessary but faulted JPMorgan’s due diligence as irrelevant to the punishment.
• Co‑defendant Olivier Amar was convicted on the same counts and awaits a separate sentencing scheduled for October 20.