Charlie Javice is on trial in federal court in New York. Prosecutors say she tricked JPMorgan Chase into paying $175M for her startup.
Charlie Javice, the founder of the now-defunct college financial-planning startup Frank, is embroiled in a legal battle with JPMorgan Chase, which acquired her company for $175 million in 2021. Javice is accused of inflating the number of Frank's users to deceive JPMorgan into the acquisition. Her legal team is currently seeking to prevent the jury from seeing certain text messages that could potentially damage her case. These messages include discussions about the user count and her plans to leave the company, which might suggest she was aware of the discrepancies in user numbers. The trial, which has drawn significant attention, is set to explore these allegations further, with Javice's defense arguing that the texts are irrelevant or misleading.
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