Charlie Javice
Former Tech Entrepreneur Charlie Javice Sentenced to 7 Years for $175 Million JPMorgan Fraud
Sep 30, 2025 04:30 pm CST
Charlie Javice, the former founder of financial aid platform Frank, has been sentenced to 85 months in prison for defrauding JPMorgan Chase of $175 million by fabricating millions of user accounts. The 33-year-old entrepreneur sold her company to the banking giant in 2021 before her elaborate scheme was uncovered, leading to her conviction in March on multiple fraud charges.
Charlie Javice Sentenced to 7+ Years for $175 Million JPMorgan Frank Acquisition Fraud
Sep 30, 2025 03:37 pm CST
Charlie Javice, founder of education fintech startup Frank, has been sentenced to over 7 years in prison for defrauding JPMorgan Chase of $175 million by fabricating millions of user accounts. The 33-year-old entrepreneur, once celebrated for simplifying college financial aid applications, admitted to creating false data that led to JPMorgan's acquisition of her company in 2021.