Charlie Javice convicted of defrauding JPMorgan during $175 million sale of financial aid startup

Entertainment

(28 Mar 2025) RESTRICTION SUMMARY: ASSOCIATED PRESS New York - 28 March 2025 1. Various, Charlie Javice (in tan coat) exiting courthouse STORYLINE: The founder of a startup company that claimed to be revolutionizing the way college students apply for financial aid has been convicted of defrauding JPMorgan Chase out of $175 million. Prosecutors said Charlie Javice tricked the bank by saying her company, Frank, had more than 4 million customers when it actually had served as few as 300,000. A