A Manhattan federal court jury has found Charlie Javice guilty of defrauding JPMorgan Chase & Co. in its $175 million acquisition of her student-finance startup, Frank. The verdict came after a six-week trial and follows allegations that Javice lied about the site’s user base, claiming it had over 4.25 million users when it actually had fewer than 300,000.
Source: https://www.bloomberg.com/news/articles/2025-03-28/charlie-javice-convicted-of-defrauding-jpmorgan-in-startup-deal