(Bloomberg) – Marc Rowan, CEO of Apollo Global Management, urged a judge to be light when he sentenced Charlie Javice later this month for cheating JPMorgan Chase & Co. In his $ 175 million acquisition of her student Finance Startup. In a letter filed in the Federal Court in Manhattan on Friday, the billionaire, who was an investor and board member at Javice’s company, Frank, asked US district judge Alvin Hallerstein to consider her “full character” in the sentence. Rowan said he was impressed by Javice’s passion, creativity, intelligence and empathy. “I feel that she will make very meaningful contributions to society moving forward,” Rowan wrote. Javice, 33, will be sentenced on September 29. She was convicted in March. The jury consulted less than a day before agreed with US prosecutors that Javice lied and falsified data to convince JPMorgan that her website, Frank, had more than 4.25 million users when it actually had less than 300,000. Rowan’s letter, who also testified for the defense during the trial of Javice, joined more than 100 others who were submitted in her support earlier this week. Below was the former CEO of JPMorgan, Blythe Masters, who said she was introduced to Javice by Rowan and served in the same way as a mentor to the young entrepreneur. Prosecutors should not recommend a sentence for Javice yet, although the court staff said she should receive a imprisonment of about 12 years. Her lawyers asked her to be “substantially below” that the estimated loss of about $ 200 million from her fraud “was not consequently” for a Bank of JPMorgan. The case is US v. Javice, 23-CR-251, US District Court, Southern District of New York (Manhattan). More stories like these are available on Bloomberg.com © 2025 Bloomberg LP
Apollo’s Rowan insists on
