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Charlie Javice was convicted of defrauding JPMorgan Chase in the $175 million acquisition of her college financial aid startup, Frank. Along with co-defendant Olivier Amar, she faced charges of securities, wire, and bank fraud, with sentencing set for later this year. Prosecutors revealed that Javice misrepresented Frank's customer base, claiming 4.25 million users instead of the actual 300,000, leading to JPMorgan's lawsuit and subsequent criminal charges.
Charlie Javice, founder of the college financial aid startup Frank, was found guilty of defrauding JPMorgan Chase in a $175 million case. The bank accused her of falsely claiming Frank had 4.25 million customers, while the actual number was around 300,000. Javice, along with co-defendant Olivier Amar, was convicted of fraud and conspiracy after presenting fake customer data to the bank.
Charlie Javice was convicted of defrauding JPMorgan Chase in the $175 million acquisition of her college financial aid startup, Frank. Along with co-defendant Olivier Amar, she faced charges of securities fraud, wire fraud, bank fraud, and conspiracy, with sentencing set for later this year. Prosecutors revealed that Javice misrepresented Frank's customer base, claiming 4.25 million users instead of the actual 300,000, leading to JPMorgan's lawsuit and subsequent criminal charges.
Charlie Javice, founder of the college financial aid startup Frank, was found guilty of defrauding JPMorgan Chase into acquiring her company for $175 million by falsely claiming it had 4.25 million customers instead of the actual 300,000. The verdict followed a five-week trial in Manhattan, where prosecutors highlighted that Javice and her co-defendant, Olivier Amar, misled the bank using fake customer data. JPMorgan, which later described the acquisition as a "huge mistake," sued Javice for fraud after discovering the inflated customer numbers.
Rushmi Bhaskaran
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charlie javice convicted of defrauding jpmorgan in college startup deal
JPMorgan Chase & Co.
USA
Sean Buckley
Jamie Dimon
Rushmi Bhaskaran
Matthew Podolsky
Ronald Sullivan
Alvin Hellerstein
Olivier Amar
Jose Baez
Charlie Javice
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20:55 28.03.2025
charlie javice convicted of fraud in jpmorgan acquisition case
JPMorgan Chase & Co.
USA
Alvin Hellerstein
Olivier Amar
Jamie Dimon
Jose Baez
Charlie Javice
Rushmi Bhaskaran
Show more
20:06 28.03.2025
charlie javice convicted of defrauding jpmorgan in college startup deal
JPMorgan Chase & Co.
USA
Charlie Javice
Olivier Amar
Sean Buckley
Jamie Dimon
Jose Baez
Matthew Podolsky
Rushmi Bhaskaran
Show more
20:01 28.03.2025
charlie javice convicted of fraud in jpmorgan acquisition of frank
JPMorgan Chase & Co.
USA
Alvin Hellerstein
Olivier Amar
Jamie Dimon
Jose Baez
Charlie Javice
Rushmi Bhaskaran
Show more
19:58 28.03.2025
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