Charlie Javice, born on March 14, 1993, founded a company called Frank, which helps students with financial aid applications. In January 2023, there was controversy when she sold her company to JPMorgan Chase for $175 million.
Then, on April 4, 2023, she was charged with four serious crimes in a Manhattan court: securities fraud, wire fraud, bank fraud, and conspiracy. Charlie Javice is well-known for her work in the financial technology field.
Her journey is marked by big achievements in fintech and is a story of ambition and dedication. This overview explores different aspects of Charlie’s life, including her background, career highlights, personal life, and lifestyle, giving a complete picture of this influential figure.
Who are Charlie Javice Parents?
Charlie Javice’s parents are Natalie Rosin and Didier Javice. Her dad has worked in finance for over 30 years, including at big firms like Goldman Sachs. He now works at 1859 Cloud, a London-based investment company.
Charlie’s mom used to be a teacher and now works as a life coach. She also helps organizations that work against substance abuse.
Charlie Javice Eduction
Charlie Javice grew up in Westchester County, New York. She’s from the Jewish community. Her dad worked in a hedge fund, and her mom used to be a teacher but is now a life coach. Charlie has a younger brother named Elie, who works at Firehouse Subs.
She went to a private school called the French-American School of New York, which teaches kids from nursery to 12th grade. In 2013, Charlie graduated from the Wharton School at the University of Pennsylvania in just three years with a degree in finance and legal studies.
While in her first year at Wharton, Charlie started a project called PoverUp, an online platform to help students learn about starting financial clubs. She also joined the Board of Overseers for the University of Pennsylvania Hillel in her second year, which works with Jewish students on campuses, and she stayed involved with them until 2015.
Charlie Javice Profssional Life
In 2016, Charlie Javice founded a company called Frank to assist students with loans and financial aid. In 2017, there was some confusion with the US Department of Education, thinking Frank was linked to the government, so they changed their website from frankfafsa.com to just frank.com.
They resolved this with the Department of Education in 2018. In 2018, Charlie faced a lawsuit from Adi Omesy, a co-founder of Frank, over a pay issue in Israel, resulting in Charlie having to pay $35,000 in 2021.
In September 2021, Charlie sold Frank to JPMorgan Chase for $175 million and became a managing director at JPMorgan, focusing on student products at Chase. However, in September 2022, she was suspended due to a lawsuit from her own company and was subsequently fired in November 2022.
In November 2022, Forbes initially included Charlie in their “30 Under 30” list, but a year later, they changed their opinion and placed her on their “Hall of Shame,” which highlights decisions they regret.
Charlie Javice: Legal Battle and Criminal Accusations
In 2022, JPMorgan accused Charlie Javice of fraud, claiming she made up data for her company Frank and paid a professor $18,000 for millions of fake student names to persuade JPMorgan to buy Frank. Javice fought back by suing JPMorgan, alleging they blamed her for their own mistakes.
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Then, on April 4, 2023, prosecutors in Manhattan charged her with serious crimes including wire fraud, securities fraud, bank fraud, and conspiracy. The U.S. Securities and Exchange Commission also accused her of fraud on the same day.
She was released from jail after paying two million dollars, but had to surrender her passports and could only travel within New York City and southern Florida. She was also prohibited from communicating with anyone involved in the case.
Finally, on May 18, 2023, a grand jury in Manhattan officially charged her with four crimes: securities fraud, wire fraud, bank fraud, and conspiracy.
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