Startup founder Charlie Javice found guilty of defrauding JPMorgan Chase in $175 million deal
Charlie Javice, who is charged with defrauding JPMorgan Chase & Co into buying her now-shuttered college financial aid startup Frank for $175 million in 2021, arrives at United States Court in Manhattan in New York City, June 6, 2023.
Mike Segar | Reuters
Charlie Javice, founder of a startup purchased by JPMorgan Chase in 2021, was convicted in federal court Friday of defrauding the bank by vastly overstating the company’s customer list.
A spokesperson for JPMorgan declined to comment.
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