Challenges Faced by Charlie Javice: Obstacles and Turning Points

A closer look at the defining struggles that shaped Charlie Javice's life and career.

Charlie Javice is an American businesswoman known for founding Frank, a student financial aid assistance company. She and Frank's chief growth officer, Olivier Amar, were convicted of fraud related to the sale of Frank to JPMorgan Chase for $175 million. The charges stem from allegations that Javice and Amar fraudulently inflated the company's customer numbers to inflate the sale price. Both were found guilty on all counts of securities fraud, wire fraud, bank fraud, and conspiracy in March 2025.

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Full Timeline Challenges & Struggles

2017: Department of Education Accusation

In 2017, the United States Department of Education accused Frank of potentially misleading customers into believing it was affiliated with the US government, which forced the company to change its website.

2018: Wage theft lawsuit

In 2018, Charlie Javice was sued by Adi Omesy, a co-founder of Frank, over wage theft in Israel.

2018: Settlement with the Department of Education

In 2018, Frank reached a settlement with the Department of Education after being accused of misleading customers.

2021: Wage Theft Resolution

In 2021, Charlie Javice was ordered to pay $35,000 related to a wage theft lawsuit brought by a co-founder of Frank.

September 2022: Suspension from JPMorgan Chase

In September 2022, Charlie Javice was suspended from her position at JPMorgan Chase following a lawsuit by her employer.

November 2022: Termination from JPMorgan Chase

In November 2022, Charlie Javice was terminated for cause from her position at JPMorgan Chase.

2022: JPMorgan Lawsuit

In 2022, JPMorgan filed a lawsuit against Charlie Javice for fraud, alleging that the data reported by Frank was fabricated. Javice countersued, claiming she was being scapegoated.

January 2023: Fraud Accusations

In January 2023, Charlie Javice and Olivier Amar were accused of fraudulently inflating Frank's customer numbers during negotiations to sell the company to JPMorgan Chase.

April 4, 2023: Criminal Charges Filed

On April 4, 2023, Charlie Javice and Olivier Amar were charged in Manhattan federal court with a four-count grand jury indictment for securities fraud, wire fraud, bank fraud, and conspiracy.

May 18, 2023: Grand Jury Indictment

On May 18, 2023, a four-count grand jury indictment was made public in Manhattan federal court, charging Charlie Javice with securities fraud, wire fraud, bank fraud, and conspiracy.