Charlie Javice, founder of college aid startup Frank, was convicted of defrauding JPMorgan Chase by inflating user numbers, according to CNBC. The Justice Department charged Javice in April 2023 with four crimes, including wire and bank fraud. Javice maintained her innocence during the trial, with her lawyers blaming JPMorgan for hastily acquiring Frank. Sentencing is scheduled for August.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Charlie Javis, founder of college-aid startup Frake, was convicted of defrauding JPMorgan Chase
00:07by inflating user numbers, according to CNBC.
00:10Justice Department charged Javis in April 2023 with four crimes, including wire and bank fraud.
00:15Javis maintained her innocence during the trial, with her lawyers blaming JPMorgan
00:19for hastily acquiring Frake. Sentencing is scheduled for August.
00:23For all things money, visit Benzinga.com.