Frank Founder Javice Charged With Defrauding JPMorgan

Frank founder Charlie Javice was charged with fraud in the $175 million sale of her college financial planning site to JPMorgan Chase. The charges include conspiracy, wire fraud, bank fraud and securities fraud. From a report: JPMorgan, which acquired Frank in 2021, sued Javice and another executive, Olivier Amar, in federal court in Delaware in December, alleging they used fake customer accounts to lead the bank into completing the deal by vastly inflating the number of people using her site.

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