![]() ![]() While this was an old school fraud, Javice utilized advanced technology, in the form of a third-party data scientist who helped show an inflated 4.25 million users versus the actual less than 300,000. ![]() In an interesting twist, Javice’s misdeeds were not carried out to scam the users of her service rather, she is accused of faking the number of users of her service to induce JP Morgan Chase (JPM) to purchase her company for $175 million in 2021. The target of the complaint was 31-year-old Charlie Javice, who according to the SEC, “engaged in an old school fraud: She lied about Frank’s success in helping millions of students navigate the college financial aid process by making up data to support her claims.” Javice, a 2019 inductee of the Forbes 30 Under 30 list, denies the allegations. Attorney’s Office for the Southern District of New York against the now shuttered student loan assistance company previously known as Frank. ![]() I thought about this noble goal as I read about dual fraud charges from the Securities and Exchange Commission (SEC) and the U.S. How trusts can support loved ones with mental illnessĪpril is National Financial Capability Month (formerly Financial Literacy Month), which highlights “the value of high-quality financial education in improving Americans’ financial capability.” ![]()
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