Charlie Javice Found Guilty of Defrauding JPMorgan in $175M Acquisition

Charlie Javice Found Guilty of Defrauding JPMorgan in $175M Acquisition
Charlie Javice, founder of the student loan startup Frank, was found guilty of defrauding JPMorgan during its $175 million acquisition of her company. The jury concluded that she inflated Frank's customer count from 300,000 to 4 million, deceiving the bank. Evidence revealed that she hired a math professor to fabricate customer data. The trial lasted five weeks, with Javice's defense claiming buyer's remorse played a role in the suit. She faces a potential prison sentence of decades, with sentencing scheduled for August 2025.