Fintech Founder Charlie Javice Charged With Defrauding JPMorgan Chase
Charlie Javice, the founder of Fintech startup Frank, has been charged with defrauding Chase Bank. She faces allegations of misrepresenting Frank's customer base to secure a $175 million buyout from Chase. Javice's mortgage and equity in her Miami home played a role in her bail, set at $2 million.
Javice's legal team sought permission to contact specific Chase Bank employees and customer service for managing her mortgage and investment accounts. Judge Barbara Moses granted this request recently. Prior to this, Javice agreed not to contact any Chase Bank staff as part of her case conditions. The bank was also involved in acquiring Frank, although a purchase option was rejected before a fraudulent sale negotiation in January 2023. Javice's equity in her Miami home helped secure her bail.
Charlie Javice's legal team has been granted permission to contact Chase Bank for managing her financial accounts. Her equity in a Miami home helped secure her $2 million bail. Javice faces charges of defrauding Chase Bank by misrepresenting Frank's customer base during a buyout negotiation.
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