© Reuters. FILE PHOTO: Charlie Javice, who is charged with defrauding JPMorgan Chase & Co into buying her now-shuttered college financial aid startup Frank for $175 million in 2021, arrives at United States Court in Manhattan in New York City, U.S., June 6, 2023. RE
NEW YORK (Reuters) – The founder and a former executive of college financial aid startup Frank pleaded not guilty on Thursday to U.S. charges of defrauding JPMorgan Chase (NYSE:) into buying the company for $175 million.
Charlie Javice, 31, who founded Frank, entered her not guilty plea to an amended indictment accusing her of wire fraud, bank fraud, securities fraud and conspiracy charges.
Olivier Amar, 49, who was Frank’s chief growth officer, pleaded not guilty to the same charges.
