US EditionCharlie Javice convicted of defrauding JPMorgan during the $175 million sale of financial aid startup Frank
- Charlie Javice, 32, was convicted of defrauding JPMorgan out of $175 million by exaggerating the customer base of her financial aid startup Frank by 10 times during its sale to the bank.
- Prosecutors said Javice paid a friend $18,000 to create millions of fake customer names to inflate Frank's user numbers.
- Javice, who lived in Miami Beach, Florida, had been free on $2 million bail since her arrest in 2023 and is set to be sentenced on July 23.
96 Articles
96 Articles
Another '30-Under-30' Business Superstar Was Convicted of Fraud — This Time for Defrauding JPMorgan Chase Out of $175M
Charlie Javice, founder of a student-finance startup called Frank, was found guilty of defrauding JPMorgan Chase on Friday. Here's what led to Charlie Javice's conviction.
Charlie Javice, Entrepreneur Who’s Been Compared to Elizabeth Holmes, Convicted of Defrauding JP Morgan of $175M
Charlie Javice, the founder of the student aid startup Frank, has been convicted of defrauding JP Morgan Chase of $175 million. The 32-year-old entrepreneur was found guilty on three counts of fraud and one count of conspiracy to commit fraud.
Startup Founder Convicted for $175 Million Fraud Against JPMorgan Chase - JPMorgan Chase (NYSE:JPM)
Charlie Javice, the founder of a once-promising startup, was found guilty Friday of defrauding JPMorgan Chase & Co. (NYSE:JPM) to the tune of $175 million. What Happened: Javice, the brain behind Frank, a startup that aimed to streamline the student financial aid application process, was convicted of defrauding JPMorgan Chase. The judgement followed a five-week trial held in a federal court in Manhattan. Javice, along with her co-defendant Olivi…
Charlie Javice Found Guilty of Defrauding JPMorgan Chase of $175 Million
Charlie Javice, the founder of student loan application startup Frank, was found guilty of defrauding JPMorgan Chase by vastly inflating the number of customers before selling the company to the bank for $175 million. After a five-week trial, a federal jury in New York returned a guilty verdict on Friday, convicting Javice and her top executive, Olivier Amar, on all charges. Javice, who pleaded not guilty, did not testify during the trial. The v…
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