Former Wall Street Darling Charlie Javice Says 'I Have Remorse Deeper than I Knew Possible' in Tearful Apology to JPMorgan Shareholders

Former Wall Street darling Charlie Javice says 'I have remorse deeper than I knew possible' in tearful apology to JPMorgan shareholders

The 33-year-old entrepreneur once made Forbes' 30 under 30 list. She was just sentenced to seven years in prison.

Charlie Javice Sentenced for JPMorgan Fraud—85 Months Prison

Charlie Javice, founder of the student‑aid startup Frank, was sentenced Monday to 85 months (just over 7 years) in prison for defrauding JPMorgan Chase in a $175 million acquisition deal. Prosecutors proved Javice grossly overstated Frank’s user base—claiming more than 4 million users when the real number was closer to 300,000. The exaggerated numbers induced JPMorgan to acquire the startup in 2021; after the acquisition, attempts to contact pur…

Charlie Javice, who defrauded JP Morgan Chase, sentenced to 7 years

The sentencing of Charlie Javice may be a win for JPMorgan Chase but it still is not a good look for the bank. Javice, the founder of the student loan startup Frank, was sentenced Monday to more than seven years in prison for cheating JPMorgan Chase out of millions by inflating user data. Frank was a student loan startup that aimed to simplify the financial aid application process. Its online platform helped students navigate the complexities of…

Charlie Javice sentenced to 7 years in prison for fraudulent $175M sale of aid startup

Charlie Javice, the founder of a startup company that sought to dramatically improve how students apply for financial aid, was sentenced Monday to more than seven years in prison for cheating JPMorgan Chase out of $175 million by greatly exaggerating how many students it served. Javice, 33, was sentenced in Manhattan federal court for her March conviction by Judge Alvin K. Hellerstein, who said she committed “a large fraud” by duping the bank gi…

From Wharton Genius To Prison: Charlie Javice’s $175M JPMorgan Scam

From Wharton Genius to Prison: Charlie Javice’s $175M JPMorgan Scam In the high-stakes game of fintech upstarts where billion-dollar valuations can vanish in the night, few stories are as the stuff of legend as the spectacular fall of Charlie Javice. Once hailed as a visionary entrepreneur on Forbes’ “30 Under 30” list, the 33-year-old Wharton School graduate has been sentenced to more than seven years in federal prison for orchestrating a braze…