by Matthew Russell Lee, Patreon Book Substack
SDNY COURTHOUSE, March 3 – JPMorgan Chase bought a start-up called Frank, which claimed to have 4 million students signed up to file their FAFSA forms, for $175 million. Then Chase learned Frank had only 300,000 customers.
On April 4, 2023, Frank founder Ms. Charlie Javice was brought before U.S. District Court for the Southern District of New York Magistrate Judge Barbara C. Moses and was freed on $2 million bond.
On January 24, 2025 Inner City Press published the first book on the case, Fintech Fraudster? here
February 20 openings, thread here.
On February 21 as Houston Cowan took the stand, then paused due to audio problems, Javice filed that "evidence and argument regarding Bank-1 should be excluded." Letter on Patreon here.
On February 26, the second then third witness, with not four but ten million floated, and running commentary from defense table called out.
On February 27 the third witness Leslie Wims Morris of JPMC admitted they thought BofA was bidding and she's now with Chase Auto.
On March 3 the US put on a Google record custodian (thread here), then a former Frank staffer Jen Wong who said she was pissed Chase fired her
Continued thread and more on X for Subscriber here and Substack here
This case is USA v. Javice, et al., 1:23-cr-251 (Hellerstein)
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