Charlie Javice indicted in JPMorgan Chase fraud

Charlie Javice, who has been accused of defrauding JPMorgan Chase into buying her now-shuttered college financial aid company Frank, has been indicted over her relationship with the bank.

A four-count indictment made public on Thursday in Manhattan federal court charges Javice with securities fraud, wire fraud, bank fraud and conspiracy.

Javice had been arrested on a criminal complaint on April 3, and charged with duping the largest US bank into buying Frank for $175 million in 2021.

Source: Charlie Javice indicted in JPMorgan Chase fraud