# Frank

Type: Company

Source: Startup Intelligence Brief — https://getstartupbrief.com/entity/frank-company
Canonical HTML page: https://getstartupbrief.com/entity/frank-company

## Timeline

- **2026-07-02**: Delaware Court Orders JPMorgan to Continue Legal Fee Advances — Magistrate Judge Wright rules JPMorgan must keep paying Javice’s and Amar’s legal fees, rejecting claims of unreasonable costs; orders advancement of $10.1M and $11.3M in disputed fees.
- **2026-06-30**: Ankle Monitor Removal Denied — A New York federal judge denies Javice’s request to remove her GPS ankle monitor in exchange for doubling bail to $4M, citing flight risk given the long sentence and large restitution.
- **2025-03**: Javice and Amar Convicted of Fraud — Charlie Javice and Olivier Amar found guilty of fabricating data to defraud JPMorgan in the Frank acquisition; Javice sentenced to seven years, and both ordered to pay $288M in restitution.
- **2021**: JPMorgan Acquires Frank for $175M — JPMorgan Chase purchases college financial‑aid startup Frank, assuming advancement obligations for its employees under the deal contract.

## Recent coverage (2 stories)

### Javice's $70M Legal Bill Shows Startup Fraud Fallout: JPMorgan Still Footing It
2026-07-04 14:30:06 · Sentiment: Bearish · Impact: 6/10 · Sources: 2

The fallout from Frank's fraudulent acquisition by JPMorgan continues as the bank is forced to pay over $70M in Charlie Javice's legal fees. The saga highlights the high cost of inadequate due diligence and the lingering liabilities after a startup acquisition gone wrong.
Full story: https://getstartupbrief.com/story/javice-startup-fraud-legal-fees

### Frank Founder's $175M Fraud: Javice Seeks Trump Pardon After 7-Year Sentence
2026-06-14 22:28:32 · Sentiment: Neutral · Impact: 5/10 · Sources: 3

Charlie Javice, convicted for inflating Frank’s user base to secure a $175M JPMorgan buyout, is angling for a presidential pardon. The case reverberates in the startup ecosystem, where founder integrity and due diligence are paramount, while her Trump-world connections add a surreal twist.
Full story: https://getstartupbrief.com/story/frank-founder-javice-trump-pardon-startups

---
This page is a machine-readable summary. Sentiment measures the directional read of each development for this entity, not the tone of the reporting; impact weights consequence, not syndication reach. See https://getstartupbrief.com/guides/methodology for the full editorial methodology.