Charlie Javice is regarded to be one of the brightest and youngest entrepreneur in history, having founded Frank. Frank is a loan aid application assistance company that helps students gain access to loans for educational purposes.
Charlie Javice founded Frank in 2016 and became successful despite having faced lots of troubles from the ground up. Charlie Javice now has a lot up her sleeves since she was accused of fraud. Charlie Javice is the founder and former CEO of Frank.
What happened to Charlie Javice? How much did Charlie Javice scam JP Morgan?
Since the beginning of January 2023, Charlie Javice has been accused of fraud in relation to the sale of her company to JPMorgan Chase for $175 million.
Charlie Javice sold Frank to JPMorgan Chase in September 2021, for $175 million and was immediately appointed managing director at JPMorgan. A year later, in September 2022, Charlie Javice was suspended after her employer filed a lawsuit against her.
Frank was worth more than $175 million it was sold after Charlie Javice had convinced JPMorgan Chase to purchase the company.
According to reports gathered, Charlie Javice had paid a data science professor $18,000 for a list of more than four million fake student names to convince JPMorgan to purchase Frank.
Currently, Charlie Javice was released on a two million dollar bond, on condition that she surrender her passports and restrict her travel to New York City and southern Florida. She is also not to contact witnesses who are involved in the case.
On May 18, 2023, a four-count grand jury in Manhattan federal court made an indictment to the public that Charlie Javice has been charged with securities fraud, wire fraud, bank fraud, and conspiracy.
