{
}
Charlie Javice, founder of the student-finance startup Frank, was convicted of defrauding JPMorgan Chase after falsely claiming her platform had over 4.25 million users, when it had fewer than 300,000. During the trial, it was revealed that she solicited a data scientist to create fake user data, leading to a criminal investigation when JPMorgan's outreach yielded only 10 new customers. Javice faces up to 30 years in prison for bank fraud, alongside her co-defendant Olivier Amar.
In a fraud trial involving Charlie Javice, a former JPMorgan executive revealed that the bank mistakenly believed Bank of America was competing to acquire the student-loan startup Frank. Leslie Wims Morris, who led the due diligence for JPMorgan's $175 million bid, stated that the offer was based on insights from Frank's financial adviser, LionTree LLC, regarding the competitive landscape.
Leslie Wims Morris
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
charlie javice convicted of fraud after misleading jpmorgan chase on user data
United States Dollar
JPMorgan Chase & Co.
USA
Sam Bankman-Fried
Olivier Amar
Charlie Javice
Leslie Wims Morris
Adam Kapelner
Winifred Katherine Gordy
Show more
16:57 31.03.2025
jpmorgan mistakenly believed bank of america was competing for frank acquisition
22:49 27.02.2025
Trending
Subcategory
Industry Trends
Corporate News
Startups & Entrepreneurship
Supply Chain Management
Retail and Consumer Goods
Global Trade Developments
Private Equity Deals
Industry Mergers & Acquisitions
Government Economic Policies
CEO Changes
Workplace Trends
Stock Market Updates
Corporate Social Responsibility
Emerging Startups
Energy Sector Developments
Funding Rounds & Investments
Consumer Protection Regulations
Fintech Startups
AI Innovations
Global Trade Policies
Countries:
Companies:
Apple Inc.
NVIDIA Corporation
Google Inc.
Amazon.com, Inc.
Tesla, Inc.
JD.com, Inc.
Toyota Motor Corp
Honda Motor Co., Ltd.
Microsoft Corporation
The Goldman Sachs Group, Inc.
Samsung Securities Co.,Ltd.
Meituan
XIAOMI-W
Tesmec S.p.A.
TENCENT
Emirates NBD Bank PJSC
Boeing Co
Foxconn Technology Co., Ltd.
HP Inc.
KiloEx USD
Currencies:
United States Dollar
Chinese Yuan
Indian Rupee
Euro
Japanese Yen
British Pound Sterling
Offshore Chinese Yuan
Indonesian Rupiah
Vietnamese Đồng
South Korean Won
Nigerian Naira
Nicaraguan Córdoba
New Taiwan Dollar
Qatari Riyal
Mexican Peso
Pakistani Rupee
Saudi Riyal
Malaysian Ringgit
Singapore Dollar
Macanese Pataca
People:
Donald Trump
Tim Cook
Mark Zuckerberg
Haider Ali Khan
Xi Jinping
Jensen Huang
Piyush Anchliya
Stiven Muccioli
Tamim bin Hamad Al Thani
Pandu Sjahrir
Prabowo Subianto
Changpeng Zhao
Prashant Joshi
Amal El Fallah Seghrouchni
He Xiaopeng
Abdel Fattah El-Sisi
Bisrat Degefa
Howard Lutnick
Han-wei Lu
Scott Bessent