From Forbes 30 Under 30 to Federal Convict: The Charlie Javice $175M Startup Scam
Description
On March 28th, 2025, Charlie Javice, the 32-year-old founder of fintech startup Frank, was convicted of defrauding JP Morgan out of $175 million—the largest financial fraud case in recent startup history. Once celebrated on Forbes 30 Under 30 lists, Javice now faces decades in federal prison after being found guilty on securities fraud, wire fraud, bank fraud, and conspiracy charges.
This episode dives into:
-How Javice fabricated over 4 million users to inflate Frank's valuation.
-The brazen scheme that tricked one of America’s largest banks.
-The unraveling of the fraud and the high-profile federal trial in Manhattan.
-Comparisons to other infamous startup scandals, including Elizabeth Holmes and Sam Bankman-Fried.
-Lessons for investors, founders, and anyone in the fintech world about due diligence, startup hype, and the dangers of fabricating success.
Join us as we unpack the rise and dramatic fall of a once-celebrated tech entrepreneur and the cautionary tale her story leaves for the startup ecosystem.
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