Charlie Javice, The 31-year-old founder of Frank, was arrested on fraud charges. JPMC acquired the startup two years ago but believes the number of customers was dramatically inflated.
The founder of Frank, a student loan assistance startup company that J.P. Morgan Chase acquired for $175 million two years ago, has been arrested on charges that she duped the financial giant by dramatically inflating the number of customers her company had, authorities said Tuesday.on conspiracy, wire and bank fraud charges.
A message seeking comment was sent to an attorney for Javice, who was expected to make an initial appearance in court later in the day. On April 3, 2023, Charlie Javice, the founder of Frank, a student loan assistance startup company that J.P. Morgan Chase acquired, was arrested on fraud charges.
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