Startup Scam: Frank Founder Gets Prison
Update: 2025-09-30
Description
Startup founder sentenced to seven years for $175 million fraud against JPMorgan! Charlie Javice, of student aid startup Frank, faked user numbers to secure a massive buyout, but now faces severe consequences. Was JPMorgan too eager, or is this a clear message to startups: fraud is fraud? This case could reshape how future deals are handled as the M&A market heats up, forcing both startups and investors to double-check the numbers before it's too late.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
