‘Brazen Fraud’: Federal Prosecutors Excoriate Fallen Star Entrepreneur Charlie Javice, Now on Trial for Faking Customers, Tricking Chase Bank
Ms. Javice, once a business celebrity featured in Forbes’ ’30 Under 30,’ could now face 30 years in prison if convicted.
Closing arguments were heard at the trial of the fallen star entrepreneur, Charlie Javice, who founded Frank, a start-up company that claimed to drastically simplify college financial aid applications, and her former chief growth officer, Olivier Amar, at a Manhattan federal courthouse on Wednesday.
“Brazen fraud” is what federal prosecutors alleged Ms. Javice, 32, and Mr. Amar, 49, employed to trick JP Morgan Chase & Co. into believing that Frank had over 4 million customers when, in fact, it had only about 350,000.
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