Javice found guilty of defrauding JPMorgan in $175M startup purchase

TechCrunch
By Marina TemkinMar 28, 2025, 7:41 pm266 ptsTop
Charlie Javice, the founder of student loan application startup Frank that was purchased by JP Morgan for $175 million, was found guilty on Friday of defrauding the bank by greatly inflating the customer count. After a five-week trial, the jury found Javice guilty, agreeing with prosecutors’ claims that she…

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