Frank Founder Gets 7 Years for $175M JPMorgan Fraud
Update: 2025-09-29
Description
Startup founder Charlie Javice, once celebrated for her company Frank's mission to simplify student financial aid, is now headed to prison for over seven years. Found guilty of fabricating data to inflate Frank's user base from under 300,000 to a staggering four million, Javice defrauded JPMorgan Chase out of $175 million, leading to a harsh sentence that underscores the severe consequences of dishonesty, even for entrepreneurs with a history of good deeds.
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