Former student aid startup founder accused of fabricating millions of users to secure JPMorgan acquisition Charlie Javice, the founder of student aid startup Frank, faces a defining moment as jurors prepare to deliberate on fraud and conspiracy charges related to her company’s $175 million sale to JPMorgan Chase. Prosecutors allege that Javice dramatically inflated Frank’s customer base, deceiving the banking giant into an acquisition that would have personally netted her $45 million. During closing arguments at a Manhattan federal court, Assistant U.S. Attorney Nicholas Chiuchiolo described the case as one of “brazen fraud,” claiming Javice falsely claimed Frank had over … Continue reading Charlie Javice’s $175M Fraud Trial Nears Verdict as Prosecutors Detail ‘Brazen’ Scheme