Frank founder criminally charged with fraud over $175 million JPMorgan deal

Rasheed187 · Apr 10, 2023

I must say that sadly enough, lately women are catching up to men when it comes to major fraud in the corporate world.

The Justice Department on Tuesday criminally charged Charlie Javice, founder of college financial planning platform Frank, with defrauding JPMorgan Chase out of $175 million. Javice, 31, is accused of “falsely and dramatically” inflating the number of customers Frank actually had in a scheme to “fraudulently induce” the bank to acquire the startup in 2021, federal prosecutors in Manhattan said. She stood to gain more than $45 million from the alleged deception, they added.
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https://www.cnbc.com/2023/04/04/frank-founder-charged-with-fraud-over-175-million-jpmorgan-deal.html

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Frank founder criminally charged with fraud over $175 million JPMorgan deal

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Frank founder criminally charged with fraud over $175 million JPMorgan deal

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