Frank founder Charlie Javice charged with fraud over JPMorgan deal
TL;DR Summary
The SEC has charged Charlie Javice, founder of student financial aid startup Frank, with fraud in connection with the $175 million sale of the company to JPMorgan Chase Bank in 2021. Javice allegedly made numerous misrepresentations about Frank's millions of users to entice JPMorgan. JPMorgan filed a lawsuit against Javice in December, alleging that she had helped "fake millions of customers in order to induce the bank to buy her company."
- SEC charges founder of financial aid startup Frank with defrauding JPMorgan TechCrunch
- Frank founder criminally charged with fraud over $175 million JPMorgan deal CNBC
- Charlie Javice, the founder accused of fraud by JPMorgan, is arrested as DOJ files criminal charges Yahoo Finance
- DOJ charges 'Frank' founder Charlie Javice with four counts of fraud CNBC Television
- S.E.C. Charges Frank Founder Charlie Javice for Defrauding JPMorgan Chase The New York Times
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