{"id":84375,"date":"2023-04-05T00:12:02","date_gmt":"2023-04-05T04:12:02","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=84375"},"modified":"2023-04-04T23:49:49","modified_gmt":"2023-04-05T03:49:49","slug":"frank-founder-criminally-charged-with-fraud-over-175-million-jpmorgan-deal","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2023\/frank-founder-criminally-charged-with-fraud-over-175-million-jpmorgan-deal.html","title":{"rendered":"Frank founder criminally charged with fraud over $175 million JPMorgan deal"},"content":{"rendered":"\n<p>(CNBC) The Justice Department on Tuesday <a rel=\"noreferrer noopener\" href=\"https:\/\/www.justice.gov\/usao-sdny\/pr\/former-start-ceo-charged-175-million-fraud\" target=\"_blank\">criminally charged<\/a> Charlie Javice, founder of college financial-planning platform Frank, with defrauding <a href=\"https:\/\/www.cnbc.com\/quotes\/JPM\/\">JPMorgan Chase<\/a> out of $175 million.\u00a0 Javice, 31, is accused of \u201cfalsely and dramatically\u201d inflating the number of customers Frank actually had in a scheme to \u201cfraudulently induce\u201d the bank to acquire the startup in 2021, federal prosecutors in Manhattan said. She stood to gain more than $45 million from the alleged deception, they added.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/04\/04\/frank-founder-charged-with-fraud-over-175-million-jpmorgan-deal.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) The Justice Department on Tuesday criminally charged Charlie Javice, founder of college financial-planning platform Frank, with defrauding JPMorgan Chase out of $175 million.\u00a0 Javice, 31, is accused of \u201cfalsely and dramatically\u201d inflating the number of customers Frank actually had [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-84375","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=84375"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84375\/revisions"}],"predecessor-version":[{"id":84376,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84375\/revisions\/84376"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=84375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=84375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=84375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}