Tom Ellsworth
@bizdocpodcast·63.4K subscribers·1.6K videos
Charlie Javice Convicted of Defrauding JPMorgan Chase of $175 Million
Posted
April 3, 2025
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April 3, 2025
6,817
221
25
3.61%
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3:39Now PlayingCharlie Javice, the founder of the student finance startup Frank, was convicted of defrauding JPMorgan Chase out of $175 million by significantly inflating her company's customer base from under 300,000 to over 4.25 million. The jury's decision came after a five-week trial, where prosecutors argued that Javice fabricated data to entice the bank into the acquisition. She faces up to 30 years in prison for bank fraud, with sentencing to be determined later.
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