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Founder of student aid startup Frank faces criminal trial over whether she defrauded JPMorgan Chase

  • A Florida woman, Charlie Javice, is on trial for allegedly defrauding JPMorgan Chase & Co. During a $175 million buyout deal.
  • Assistant U.S. Attorney Rushmi Bhaskaran claimed that Javice misrepresented her company, Frank, saying it had millions of customers instead of 400,000.
  • Javice's attorney, Jose Baez, argued that she acted honestly and that the prosecution stems from JPMorgan's regrets after a regulatory change.
  • Prosecutors indicated that Javice could earn $45 million from the alleged fraud, which centered on recruitment of customers during the buyout negotiations.
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TechCrunchTechCrunch

Fintech founder Charlie Javice’s criminal trial has begun

The criminal trial against fintech startup founder Charlie Javice began on Friday, with lawyers laying out their opening arguments, Reuters

·United States
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Associated Press NewsAssociated Press News
+3 Reposted by 3 other sources

Founder of student aid startup Frank faces criminal trial over whether she defrauded JPMorgan Chase

A woman backed by wealthy advisers who built a company to make it easier for college students to apply for financial aid has gone on trial on criminal charges that she defrauded JPMorgan Chase & Co. in a $175 million buyout.

·United States
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Business InsiderBusiness Insider
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The New York LedgerThe New York Ledger

Attorneys questioned Charlie Javice jurors about whether they knew Jamie Dimon or ran a startup

A jury has been selected in the trial of Charlie Javice.Luiz C. Ribeiro for NY Daily News via Getty ImagesA jury has been selected for the trial of Charlie Javice in Manhattan.Prosecutors say Javice defrauded JPMorgan Chase.Jurors were asked if they knew Jamie Dimon or ran start-up businesses.A jury was selected and opening statements began Thursday in the trial of Frank founder Charlie Javice.Prosecutors say Javice and her former colleague Oliv…

·United States
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BloombergBloomberg

JPMorgan Was Victim of Javice Lies, US Says as Fraud Trial Opens

JPMorgan Chase & Co. was scammed by a convincing 29-year-old entrepreneur into acquiring her college financial-planning startup for $175 million, federal prosecutors told a Manhattan jury at the start of Charlie Javice’s fraud trial.

·United States
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larepublica.colarepublica.co

JPMorgan and Charlie Javice have been accused of lying at the start of the fraud trial.

JPMorgan Chase & Co. bought the lies of a 29-year-old businesswoman when she acquired her college financial planning company for $175 million

·Bogotá, Colombia
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BizTocBizToc

Attorneys questioned Charlie Javice jurors if they knew Jamie Dimon or ran a startup

A jury has been selected in the trial of Charlie Javice. Luiz C. Ribeiro for NY Daily News via Getty Images A jury has been selected for the trial of Charlie Javice in Manhattan. Prosecutors say Javice defrauded JPMorgan Chase. Jurors were asked if they knew Jamie Dimon or ran start-up…

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BizToc broke the news in on Thursday, February 20, 2025.
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