Charlie Javice, the 31-year-old founder of the fintech startup Frank, has been sentenced to seven years in prison for defrauding JPMorgan Chase.
The financial giant acquired her company for $175 million, only to later understand that the customer base Frank claimed to have was drastically inflated.
Who is Charlie Javice?
A native of Westchester County, New York , Javice was a star student at the Wharton School of the University of Pennsylvania, graduating in 2013 with a degree in finance and legal studies.
During her time at Wharton, she launched PowerUp, an online platform designed to help students engage with micro-finance clubs. Her entrepreneurial spirit did not stop there.
Javice went on to found Frank in 2016, a financial aid startup aimed at simplifying the FAFSA applicati