History of Charlie Javice in Timeline

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

2013: Graduation from Wharton

In 2013, Charlie Javice graduated from the Wharton School of the University of Pennsylvania with a bachelor's degree in finance and legal studies after three years.

2015: End of Hillel Board Membership

In 2015, Charlie Javice completed her term as a member of the Board of Overseers for the University of Pennsylvania Hillel organization, a role she had held since her sophomore year.

2016: Frank Founded

In 2016, Charlie Javice founded Frank, a company designed to assist student borrowers in obtaining loans and financial aid.

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.

September 2021: Frank Acquired by JPMorgan Chase

In September 2021, Charlie Javice sold Frank to JPMorgan Chase for $175 million and was appointed as a managing director at JPMorgan, overseeing student-focused products at Chase.

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: Forbes 30 Under 30 Listing

In November 2022, Charlie Javice was listed on Forbes 30 Under 30, a recognition that the publication later regretted.

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.