Charlie Javice is the founder and former CEO of Frank, a student financial aid application assistance company. She once appeared in Forbes’ 30 under 30 list.
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She attended the French-American School of New York, and the Wharton School of the University of Pennsylvania and graduated in 2013, with a degree in Finance.
Javice is a French national but has been in the United States for years. She was arrested on Monday, April 3, 2023, at Newark Airport while attempting to escape, therefore, her passport has been seized.
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According to the prosecutors, Javice’s company was acquired by JP Morgan Chase in 2021 after they were duped into believing that Frank had manipulated its user base to 4 million users, meanwhile, it had less than 300,000 users or customers.
She has been charged with conspiracy to commit bank and wire fraud, wire fraud affecting a financial institution, and bank fraud. However, she has denied all the allegations. She also countersued JP Morgan Chase to cover her legal fees in connection to months of internal investigations.
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