Learning the "skills" of plunder

Editor's note: Again, we see this recurring theme: When Jews do bad things they do bad things very well. Startup founder Charlie Javice was convicted of defrauding JPMorgan during the US$175 million sale of financial aid Startup. Charlie Javice is Jewish with Americans starting to seriously reconsider their understanding and knowledge of Jews and Judaism. And JPMorgan is likely no f*cking saint either. JPMorgan didn't do due diligence on Javice's claims of having four million Startup customers? Another apparently "bright" Jewish mind wasted on learning the skills necessary to plunder in this predator and prey ecosphere.
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Startup founder Charlie Javice convicted of defrauding JPMorgan during US$175-million sale of financial aid startup

By Michael R. Sisak and Larry Neumeister | March 30, 2025

Charlie Javice, the charismatic founder of a startup company that claimed to be revolutionizing the way college students apply for financial aid, was convicted Friday of defrauding one of the world’s largest banks, JPMorgan Chase, out of $175 million by exaggerating her customer base tenfold.

A jury returned the verdict after a five-week trial in federal court in Manhattan. Javice, 32, and her co-defendant, Olivier Amar, face the possibility of decades in prison in a case that has drawn comparisons to Theranos founder Elizabeth Holmes.

Javice appeared sullen at the defence table as the verdict was read. A lawyer placed her hand on Javice's back. She brushed past reporters and didn't speak as she left court.

Javice was in her mid-20s when she founded Frank, a company with software that promised to simplify the arduous process of filling out the Free Application for Federal Student Aid, a complex government form used by students to apply for aid for college or graduate school.

The company promoted itself as a way for financially needy students to obtain more aid faster, in return for a few hundred dollars in fees. Javice appeared regularly on cable news programs to boost Frank's profile, once appearing on Forbes' "30 Under 30" list before JPMorgan bought the startup in 2021.

JPMorgan executives testified that Javice told them she had more than four million clients and would have about 10 million by year's end, but it turned out there were only about 300,000 customers and a list verifying her outsized claim was largely bogus.

Javice's lawyer, Jose Baez, told the jury that JPMorgan knew what it was getting in the deal, accusing the bank of making up the fraud allegations because of buyer's remorse after regulatory changes made the data it received in the deal useless to its hopes of gaining new young customers.

Defense lawyers asked the judge to set aside the verdict, arguing the evidence was not sufficient to sustain the conviction.

Judge Alvin K. Hellerstein said he would hear arguments on that next week and resolve a dispute over whether Javice and Amar must wear ankle monitors while awaiting sentencing on July 23. Javice's lawyers argued the device will interfere with her new career: teaching Pilates classes for three or four hours a day.

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