Charlie Javice, the founder of failed student loan assistance platform Frank, has been charged with defrauding banking giant JPMorgan Chase (JPMC) out of $175 million, the Department of Justice (DOJ) announced.
Javice, 31, was arrested in New Jersey on April 3 and appeared before U.S. Magistrate Judge Barbara Moses on Tuesday, according to the DOJ. Janice was released on a $2 million bond that restricts her to certain parts of New York and southern Florida, ABC News reports.
