Tagged: frank

January 3, 2026 @ 1:22 pm By Omar Faridi  |  

In a contentious legal showdown, JPMorgan Chase (NYSE:JPM) is pushing back against nearly $74 million in legal fees claimed by Charlie Javice, the founder of the student aid platform Frank. This dispute stems from the bank’s 2021 acquisition of Frank for $175 million, a deal… Read More

September 30, 2025 @ 12:42 pm By JD Alois  |  

The founder of Fintech Frank, Charlie Javice, a platform that sought to streamline the process for students to tap into available funds for college, has been sentenced to seven years in prison for fraud. According to reports, Javice is also reportedly required to return $22.4… Read More

March 31, 2025 @ 10:08 am By Omar Faridi  |  

In a striking verdict that has reverberated through the financial services and Fintech sector, Charlie Javice, the once-celebrated founder of the college financial aid startup Frank, was convicted on March 28, 2025, of defrauding JPMorgan Chase. The Manhattan federal court jury found her guilty on… Read More

July 13, 2023 @ 10:39 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed additional charges in regard to the Frank case and its sale to JP Morgan for $175 million in 2021. According to a statement by the SEC, former Chief Growth Officer of Frank, Olivier Amar, has been charged… Read More

May 19, 2023 @ 10:47 am By JD Alois  |  

A grand jury has issued an indictment in the case of Frank, a Fintech that helped college students gain access to grants and loans, and its founder Charlie Javice. The charges include bank fraud, wire fraud, conspiracy, and securities fraud while demanding the forfeiture of… Read More

April 5, 2023 @ 8:16 am By Omar Faridi  |  

The Securities and Exchange Commission has charged Charlie Javice, the founder of the defunct student loan assistance company previously known as Frank, “with fraud in connection with the $175 million sale of the company to JP Morgan Chase Bank, N.A. (JPMC) in 2021.” The SEC’s… Read More

September 21, 2021 @ 8:07 pm By JD Alois  |  

JPMorgan Chase & Co (NYSE:JPM) has acquired Frank, a popular college financial planning platform founded by prominent entrepreneur Charlie Javice. The terms of the acquisition were not disclosed. JP Morgan said it will acquire Frank’s entire business and verticals. Jennifer Piepszak, co-CEO of Chase, said… Read More

December 20, 2020 @ 10:36 pm By Samantha Hurst  |  

Frank, a U.S.-based financial aid-focused fintech, is reportedly expanding its services to help students take online classes through its new service, called Classfinder. As previously reported, Frank was founded by fintech entrepreneur Charlie Javice and provides “smart, simple financial aid.” “We are revolutionizing financial aid… Read More

April 1, 2020 @ 10:14 pm By JD Alois  |  

Unless you are a student attempting to pay for university, or in the Fintech space, you may have never heard about Frank. But this Fintech has now matched about $12 billion in funding for over 400,000 students seeking higher education including scholarships, loans, grants and… Read More

January 5, 2018 @ 2:00 pm By Samantha Hurst  |  

Frank, a New York-based student loan startup, announced this week that it has secured $10 million through its Series A  Funding Round, which was led by Apollo Global Management, with participation from Reach Capital, and Aleph. This funding round brought its total funding amount to… Read More