Charlie Javice and Christine Hunsicker Will Haunt Female Founders
Remember Theranos’ Elizabeth Holmes? Her crimes unfairly reflected on other women in the startup world. It could happen again.
Charlie Javice will have a long shadow.
Photographer: Christian Monterrosa/Bloomberg
Female founders have been in the headlines lately — though perhaps not in the way they’d prefer.
First, Charlie Javice was found guilty of fraud for misleading JPMorgan Chase & Co. in the run-up to its acquisition of her student-finance startup Frank — a conviction that could land her a maximum of 30 years in prison. Days later, Christine Hunsicker resigned as CEO of fashion tech startup CaaStle after the board alleged financial misconduct; law enforcement is now investigating what Axios has called possibly “one of the biggest startup frauds ever.”