JAVICE CHARGED OVER USD175 MILLION FRANK FAKE CLIENT FRAUD
April 23rd, 2023
The founder of a shuttered New York-based student loan assistance company Frank, is facing both civil and criminal charges in parallel cases brought by the United States Securities & Exchange Commission (SEC) and Department of Justice (DoJ). These cases focus on alleged fake customer numbers used to clinch the USD175 million sale of the company by founder Charlie Javice to JPMorgan Chase Bank (JPMC) in 2021.
Frank was an online platform designed to help American students negotiate the vast and complex student loan sector in the USA, that business publication ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.