Frank Founder Charlie Javice Gets 7-Year Prison Sentence

Frank Founder Charlie Javice Gets 7-Year Prison Sentence

Frank Founder Charlie Javice Sentenced To 7 Years In Prison For Defrauding JPMorgan Chase Frank founder Charlie Javice sentenced to 7 years in prison for defrauding JPMorgan Chase has become one of the biggest scandals in recent fintech history. Javice, once celebrated as a Forbes 30 Under 30 entrepreneur, now faces prison time after misleading the Wall Street giant. Image Credits:Yuki Iwamura/Bloomberg / Getty Images The Rise And Fall Of Frank Frank was founded as a financial aid startup to help students simplify the college application process. In 2021, JPMorgan Chase acquired the company for $175 million, believing it had a customer base of 4 million students. But that number was a lie. In reality, Frank had closer to 300,000 customers. The inflated figure set the stage for what prosecutors later called one of the most blatant frauds in recent memory. How The Fraud Unfolded During the trial, testimony revealed how Javice orchestrated the scheme. Former Frank engineer Patrick Vovor said Ja…