High-Stakes Verdict Looms as Frank Founder Faces Fraud Charges Over Alleged Deceptive $175M Sale to JPMorgan
New York — The founder of financial aid platform Frank, Charlie Javice, stands at the crux of a complex legal battle as closing arguments are due Wednesday in her trial on charges of fraud. Federal prosecutors in Manhattan have accused Javice, 32, and her top executive, Olivier Amar, 50, of fabricating user data to sell the website to JPMorgan Chase for $175 million. The trial comes with a potential prison sentence of up to 30 years if convicted of fraud and conspiracy charges. The allegations center around Javice’s claim in 2021 that Frank had amassed … Read more