Charlie Javice Convicted In JPM Fraud Case [zero hedge]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: zero hedge
Charlie Javice Convicted In JPM Fraud Case The millennial who duped JPMorgan Chase into purchasing a now-defunct student finance startup—whose customer database was mostly fake—was found guilty of bank fraud by a Manhattan federal court jury on Friday and faces decades in prison. The startup, 'Frank,' was founded by former CEO Charlie Javice in 2016. It offered software to help young millennials obtain financial aid in what Javice framed as "an Amazon for higher education," and had the backing of billionaire Marc Rowan - the company's lead investor. All this schooling for what? Her political donations are blue... In September 2021, JPMorgan touted the $175 million deal to purchase Frank, calling the platform the "fastest-growing college financial planning platform" used by over 5 million students at 6,000 institutions. However, shortly after JPM closed the deal with Javice, the bank discovered that most of the platform's claimed 4.25 million users were fabricated , with the actual num
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JPM
Earnings
- 10/14/25 - Beat
JPM
Sec Filings
- 12/19/25 - Form 424B2
- 12/19/25 - Form 424B2
- 12/19/25 - Form 424B2
- JPM's page on the SEC website