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Startup founder Charlie Javice pleads not guilty to fraud over sale to JPMorgan

Tuesday, May 23 by ABC News

(NEW YORK) -- An entrepreneur accused of grossly exaggerating the value of her college financial planning startup, ahead of its sale to JPMorgan Chase, pleaded not guilty to federal fraud charges on Monday in Manhattan, a spokesperson for the U.S. Attorney’s Office told ABC... Read More.

Startup founder’s alleged $175 million fraud spotlights inequality in finance, experts said

Thursday, April 13 by ABC News

(NEW YORK) -- JPMorgan Chase trumpeted its $175 million acquisition of a college financial planning company called Frank in 2021, boasting that the firm served more than five million students.Little more than a year later, however, the nation's largest bank sued Frank founder Charlie... Read More.

How a startup CEO was accused of $175M fraud while denying she made up her success

Friday, April 7 by ABC News

(NEW YORK) -- When JPMorgan Chase announced two years ago that it would purchase Frank, a startup college financial planning company for students, the global banking giant said that by acquiring the apparently popular platform for $175 million it hoped to strengthen its relationship... Read More.

Startup CEO charged in $175 million fraud case

Wednesday, April 5 by ABC News

(NEW YORK) -- A tech start-up CEO once considered a preeminent American entrepreneur has been arrested and charged with fraud for allegedly lying to J.P. Morgan Chase, the Department of Justice said Tuesday.Charlie Javice, previously featured as a Forbes magazine "30 Under 30" honoree,... Read More.

Financial aid startup Frank founder fires back at JP Morgan Chase

Tuesday, February 28 by ABC News

(NEW YORK) -- JP Morgan Chase faced new accusations from Charlie Javice, the young entrepreneur behind the student financial aid startup Frank, which the bank acquired in a $175 million transaction chief executive Jamie Dimon has since called "a huge mistake."Javice fired back on... Read More.

Startup recycling company in Louisiana offers solution for glass waste

Monday, May 23 by ABC News

(NEW ORLEANS) -- What'll happen to this bottle of wine after it’s been finished and thrown away?That’s the question that Franziska Trautmann and Max Steitz say they pondered one night. They thought about the bottle's destiny to join the over 11 million tons of... Read More.

Trevor Milton, founder of electric truck startup Nikola, hit with securities fraud charges

Thursday, July 29 by ABC News

(NEW YORK) -- Trevor Milton, the billionaire founder of electric truck manufacturer Nikola, was hit with securities fraud charges from federal prosecutors in New York City on Thursday.In a nearly 50-page indictment, prosecutors accused Milton of preying on vulnerable retail investors who had turned... Read More.

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Stories tagged with: startup