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.