Archive · 30 Sep 2025
Frank Founder Javice Sentenced to 85 Months for Fraud
Charlie Javice, the founder of the startup Frank, has been sentenced to 85 months in prison for deceiving JPMorgan Chase.
She lied about the number of users her company had, claiming over 4 million when there were fewer than 300,000.
Javice was ordered to pay back over $287 million and forfeit $22.4 million.
Before the fraud, Javice graduated from the Wharton School.
Javice expressed remorse for her actions before the sentencing.
Charlie Javice, founder of Frank, was sentenced to 85 months in prison.
Javice defrauded JPMorgan Chase during the acquisition of Frank.
She misrepresented Frank's user base to the investment bank.
Javice was ordered to pay over $287 million in restitution.
Javice also has to forfeit $22.4 million.
- Who
- Charlie Javice, founder of Frank
- What
- Sentenced to 85 months in prison for defrauding JPMorgan Chase
- When
- September 30, 2025
- Where
- Manhattan Federal Court
- Why
- Javice misrepresented Frank's user data to JPMorgan Chase during acquisition
- Defendant
- Charlie Javice
- Former Role
- Founder of Frank
- Sentence
- 85 months in prison
- Victim
- JPMorgan Chase
- Restitution
- $287.5 million
- Forfeit
- $22.4 million
Sources
Who is Charlie Javice, Startup Founder Sentenced to 7 Years in Jail for Defrauding JPMorgan Chase?
Who Is Charlie Javice? Founder Behind $175 Million JPMorgan Scam Jailed For Over 7 Years
How US Woman Defrauded JPMorgan In $175 Million Deal
Who is Charlie Javice? Start-up founder sentenced for seven years in prison