by Matthew Russell Lee, Patreon Book Substack
SDNY COURTHOUSE, Sept 29 – 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 March 28 Charlie Javice was found guilty - and Olivier Amar too. Both sought severance from each other so expect appeals on those grounds.
On September 29 Inner City Press live tweeted; Judge Hellerstein after breaking from 1 pm to 2:40 pm sentenced her to 85 months.
More on X for Subscribers here and Substack here
And, " Deft. shall continue on bail pending appeal."
This case is USA v. Javice, et al., 1:23-cr-251 (Hellerstein)
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