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.