Charlie Javice, founder of the financial aid platform Frank, has been sentenced to seven years in prison for defrauding JPMorgan Chase by falsely inflating the number of customers her company had. The case highlights the serious legal repercussions of fraudulent practices in the financial industry.

An elderly man lost $1.7 million to a fraud scheme, prompting his family to question why the banks did not intervene to prevent the theft. The incident raises concerns about the protections in place for vulnerable individuals against financial exploitation. The family's frustration highlights the need for better safeguards within financial institutions.