Startup founder accused of tricking JPMorgan charged with $175 million fraud

Marquee at the main entrance to the JPMorgan Chase building Photo by Erik McGregor / LightRocket via Getty Images

Former Frank CEO Charlie Javice has been charged with defrauding JPMorgan Chase after the bank acquired her financial aid startup for $175 million in 2021. In a complaint filed on Tuesday, the Department of Justice accuses the fintech founder of “falsely and dramatically inflating” the number of clients her startup served to “fraudulently induce” JPMorgan Chase into acquiring the company.

The 31-year-old Javice, who was included in Read Entire Article

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