YOUR BUSINESS AUTHORITY
Springfield, MO
The Department of Justice has charged Charlie Javice, the founder of the now-shuttered college financial aid company Frank, with defrauding JPMorgan Chase & Co.
The Department of Justice accuses Javice of allegedly inflating the number of Frank's student customers in selling the startup to JPMorgan Chase for $175 million in 2021.
JPMorgan shut down Frank in January.
Read more from Reuters.
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