Charlie Javice trial closings are Wednesday in $175M JPMorgan fraud case. One word will play a starring role. [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
Prosecutors allege that Javice tricked JPMorgan Chase into buying her financial aid website, Frank, for $175M. The US says she falsely claimed to have marketing data for more than 4 million Frank account holders. Daylong closing arguments are scheduled to begin at 9 a.m. Wednesday in the Charlie Javice fraud trial in New York — and one word will likely play a starring role. That pivotal word is "user." Federal prosecutors say that almost four years ago, Javice defrauded the nation's largest bank, JPMorgan Chase, out of $175 million, the price the bank paid for her financial aid website, Frank. In the indictment, prosecutors alleged that Javice tricked bank executives into thinking that if they purchased Frank, they would become the new owners of the names, emails, and addresses of more than 4 million Frank users . These users were students at the start of their financial journeys, to whom JPMorgan could market checking accounts and credit cards. In five weeks of testimony
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JPM
Earnings
- 10/14/25 - Beat
JPM
Sec Filings
- 12/18/25 - Form 424B2
- 12/18/25 - Form 424B2
- 12/18/25 - Form 424B2
- JPM's page on the SEC website