Charlie Javice convicted of defrauding JPMorgan during the $175 million sale of financial aid startup Frank

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…

Startup Founder Faces 30 Years in Prison After Being Found Guilty of Fraud

A Miami Beach woman convicted of “falsely and dramatically” inflating the success of her financial aid startup is facing some serious time behind bars. Charlie Javice, 32, was found guilty […] The post Startup Founder Faces 30 Years in Prison After Being Found Guilty of Fraud appeared first on The Western Journal.

The American Charlie Javice was found guilty of swindling the big bank JPMorgan Chase as part of the acquisition of its start-up Frank, specialized in the financing of studies, for an amount of $175 million. This is reported by several American media, including Bloomberg and AP. ...

Charlie Javice, Fallen Star Entrepreneur, Is Found Guilty of Fraud, Faces Years in Prison: Will She Join the List of Business People Pardoned by Trump?

Javice was accused of creating millions of pretend customers for her financial aid processing company in order to trick the country’s largest bank into buying her company for $175 million.