Charlie Javice: Difference between revisions
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== Lawsuit == |
== Lawsuit == |
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A 2022 lawsuit filed by JPMorgan claims that Frank's claims were largely a fabrication, and alleges that Javice paid a data science professor $18,000 for a list of more than 4 million fake student names |
A 2022 lawsuit filed by JPMorgan claims that Frank's claims were largely a fabrication, and alleges that Javice paid a data science professor $18,000 for a list of more than 4 million fake student names to convince JPMorgan to purchase the startup.<ref>{{cite web |title=JPMorgan paid $175 million for a hot startup. Now it claims its CEO faked 4 million clients. |url=https://www.cbsnews.com/news/charlie-javice-frank-jpmorgan-chase-lawsuit-alleges-4-million-fake-customers/ |website=[[CBS News]] |access-date=20 January 2023}}</ref><ref>{{cite web |title=JPMorgan shutters website it paid $175 million for, accuses founder of inventing millions of accounts |url=https://www.cnbc.com/2023/01/12/jpmorgan-chase-shutters-student-financial-aid-website-frank.html |website=[[CNBC]] |access-date=20 January 2023}}</ref> Javice countersued JPMorgan claiming that she was being scapegoated for their own faulty due diligence.<ref>{{cite news |last=Feeley |first=Jef |date=27 February 2023 |title=JPMorgan Is Scapegoating Her With Its Fraud Suit, Frank Founder Says |url=https://www.bloomberg.com/news/articles/2023-02-27/jpmorgan-s-frank-fraud-suit-is-massive-cya-founder-claims? |publisher=[[Bloomberg News]]}}</ref> |
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==Recognition== |
==Recognition== |
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Revision as of 19:38, 1 March 2023
Charlie Javice (born 1992 or 1993[1]) is the founder and former CEO of Frank, a student financial aid application assistance company, which she sold to JPMorgan Chase for $175 million in September 2021.[2][3]
Education
Javice attended the French-American School of New York and graduated from the Wharton School of the University of Pennsylvania in 2013, where she studied finance and law.[4][2]
Career
She founded Frank in 2016.[4] She stated in a 2018 interview that Frank secured an average of $28,000 for its users.[5] She was appointed managing director at JPMorgan, overseeing student-focused products at Chase, after the 2021 acquisition of Frank.[4] She was suspended in September 2022 following a lawsuit by her employer, and was terminated for cause in November 2022.[1]
Lawsuit
A 2022 lawsuit filed by JPMorgan claims that Frank's claims were largely a fabrication, and alleges that Javice paid a data science professor $18,000 for a list of more than 4 million fake student names to convince JPMorgan to purchase the startup.[6][7] Javice countersued JPMorgan claiming that she was being scapegoated for their own faulty due diligence.[8]
Recognition
- 2019: Named in Forbes 30 Under 30 - Finance[9]
- 2019: Named in Crain's New York Business 40 Under 40[3][10]
References
- ^ a b Levine, Alexandra S.; Martin, Iain (27 February 2023). "JP Morgan Is Still Cleaning Up Its 'Disastrous' $175M Frank Acquisition". Forbes.
- ^ a b "'Fake It 'Til You Make It': Meet Charlie Javice, The Startup Founder Who Fooled JP Morgan". Forbes. Retrieved 20 January 2023.
- ^ a b "How Charlie Javice Got JPMorgan to Pay $175 Million for … What Exactly?". The New York Times. Retrieved 21 January 2023.
- ^ a b c "Wharton graduate, startup founder Charlie Javice sued by JP Morgan". The Daily Pennsylvanian. Retrieved 20 January 2023.
- ^ https://www.businessinsider.com/charlie-javice-frank-fintech-startup-jp-morgan-fraud-2023-1
- ^ "JPMorgan paid $175 million for a hot startup. Now it claims its CEO faked 4 million clients". CBS News. Retrieved 20 January 2023.
- ^ "JPMorgan shutters website it paid $175 million for, accuses founder of inventing millions of accounts". CNBC. Retrieved 20 January 2023.
- ^ Feeley, Jef (27 February 2023). "JPMorgan Is Scapegoating Her With Its Fraud Suit, Frank Founder Says". Bloomberg News.
- ^ "Charlie Javice". Forbes. Retrieved 20 January 2023.
- ^ https://www.crainsnewyork.com/awards/40-under-40-2019-charlie-javice