Frank founder Charlie Javice was formally indicted on charges that she defrauded JPMorgan Chase & Co. in its $175 million acquisition of the college financial-planning site.
(Bloomberg) — Frank founder Charlie Javice was formally indicted on charges that she defrauded JPMorgan Chase & Co. in its $175 million acquisition of the college financial-planning site.
Javice was arrested on a criminal complaint in early April on charges that include conspiracy, wire fraud affecting a financial institution and bank fraud. Her indictment was posted on the court docket on Thursday.
Javice had been in talks with prosecutors to resolve the charges.
Read More: Charlie Javice in Talks With US Over Alleged JPMorgan Fraud
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