Charlie Javice Seeks Trump Pardon Over $175 Million JPMorgan Fraud Conviction
Updated
Updated · CNBC · Jun 14
Charlie Javice Seeks Trump Pardon Over $175 Million JPMorgan Fraud Conviction
3 articles · Updated · CNBC · Jun 14
Summary
The Wall Street Journal reported Sunday that Charlie Javice is seeking a pardon from the Trump administration after her conviction for defrauding JPMorgan Chase.
Javice founded Frank, a college-aid startup JPMorgan bought in 2021 for $175 million, and was later found to have overstated its customer base to win the sale.
Prosecutors said Frank claimed more than 4 million users but actually had fewer than 300,000; Javice was sentenced last year to more than seven years in prison and is appealing the verdict.
The reported pardon push comes as the administration weighs a broader batch of about 250 pardons tied to the United States' 250th birthday.