Search
An unusual way of rejuvenation. Better than botox!

an unusual way of rejuvenation. better than botox!...

October 1, 2025

5:13 am

The Fungus Will Disappear in 1 Day! Write a Specialist's Prescription

the fungus will disappear in 1 day! write a specialist's prescription...

October 1, 2025

5:07 am

By

How Charlie Javice Defrauded JPMorgan in $175 Million Deal

October 1, 2025

05:33

Charlie Javice sentenced: How ex-Frank founder defrauded JPMorgan in $175 million deal

Former startup founder sentenced to over seven years in prison

A federal judge has sentenced Charlie Javice, once celebrated as a rising star in the US tech world, to 85 months (just over seven years) in prison for defrauding JPMorgan Chase in a $175 million acquisition deal.

Javice, now 33, sold her online financial aid platform, Frank, to JPMorgan in 2021, presenting it as a service with millions of student users. But prosecutors revealed that the company’s user base had been fabricated through synthetic data.

The scheme behind Frank

Frank was marketed as a startup that simplified the Free Application for Federal Student Aid (FAFSA) process, drawing JPMorgan’s attention as a tool to connect with younger clients.

Read This Immediately if You Have Moles or Skin Tags, It's Genius

read this immediately if you have moles or skin tags, it's genius...

October 1, 2025

5:32 am

Carry this with you and luck will find you.

carry this with you and luck will find you....

October 1, 2025

5:18 am

Lose 40 lbs by Consuming Before Bed for a Week

lose 40 lbs by consuming before bed for a week...

October 1, 2025

5:29 am

Healthy joints in 7 days! No doctors or surgery!

healthy joints in 7 days! no doctors or surgery!...

October 1, 2025

5:18 am

However, when JPMorgan requested proof of Frank’s user numbers, Javice allegedly:

  • Hired an outside data scientist to create fake data.
  • Presented this “synthetic dataset” as evidence of millions of student accounts.
  • Misled JPMorgan into finalizing the $175 million purchase.

A company engineer had earlier declined to create the dataset, warning that the request might be illegal.

Judge’s remarks and sentence

US District Judge Alvin Hellerstein described the crime as an “audacious and multifaceted scheme fueled by greed.”

Salvation From Baldness Has Been Found! (Do This Before Bed)

salvation from baldness has been found! (do this before bed)...

October 1, 2025

5:13 am

Varicose veins will go away ! The easiest way!

varicose veins will go away ! the easiest way!...

October 1, 2025

5:12 am

Worms Come Out Of You In The Morning. Try It

worms come out of you in the morning. try it...

October 1, 2025

5:15 am

Easy Ways to Get Rid of Wrinkles at Home! (Try Now)

easy ways to get rid of wrinkles at home! (try now)...

October 1, 2025

5:21 am

While noting JPMorgan’s “very poor due diligence,” the judge stressed that Javice’s actions required punishment:

“Fraud remains fraud whether you outsmart someone who is very smart or someone who is a fool.”

The Department of Justice had sought a 12-year sentence, but the judge took into account Javice’s lack of prior criminal history and her charitable work.

Javice’s apology

Appearing in court in an ivory pantsuit, Javice became emotional as she apologized to JPMorgan, Frank’s investors, and her employees. Addressing her parents, she said:

“At 28, I did something that runs against the grain of my upbringing. These errors, this complete collapse in character … not a day goes by that I do not replay my mistakes.”