* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, August 28, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Do you have a favorable or an unfavorable opinion of Taylor Swift? – YouGov

    Do You Love Taylor Swift or Not? Share Your Thoughts!

    Upload Season 4 Review – yahoo.com

    Upload Season 4 Review: A Thrilling New Chapter Unveiled

    ‘The Roses’ review: Olivia Colman, Benedict Cumberbatch sparkle in dark comedy – Yakima Herald-Republic

    The Roses’ Review: Olivia Colman and Benedict Cumberbatch Shine in Dark Comedy Delight

    ‘When Calls the Heart’ Fans All Want the Same Thing After Seeing the Show’s Latest Update – yahoo.com

    When Calls the Heart’ Fans Rally Together in Excitement Over Exciting New Update!

    Quotes of the Week: Peacemaker, Project Runway, Countdown and More – yahoo.com

    This Week’s Most Memorable Quotes from Peacemaker, Project Runway, Countdown, and More!

    Drake Appears in Teaser for Bobbi Althoff’s New Podcast ‘Not This Again’ – yahoo.com

    Drake Drops a Surprise Cameo in Bobbi Althoff’s Thrilling New Podcast Teaser ‘Not This Again

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    MC Machinery Technology Summit Showcases Manufacturing Innovations – Modern Machine Shop

    MC Machinery Technology Summit Unveils Cutting-Edge Manufacturing Innovations

    US-ROK Technology Cooperation Faces Rising Tensions – The National Interest

    Rising Tensions Put US-South Korea Technology Partnership to the Test

    The Role of AI and Technology in Shaping the Future of Interactive Entertainment – Technology Org

    How AI and Technology Are Transforming the Future of Interactive Entertainment

    Ten upcoming sports stadiums where technology takes to the field – Dezeen

    10 Futuristic Sports Stadiums Revolutionizing the Game with Cutting-Edge Technology

    Figure Technology Solutions, Inc. Files Registration Statement for Proposed Initial Public Offering – Business Wire

    Figure Technology Solutions, Inc. Unveils Exciting Plans for Its Upcoming Initial Public Offering

    UNLV Responds to Workforce Need with Microcredential in Nuclear Technology – University of Nevada, Las Vegas | UNLV

    UNLV Unveils Cutting-Edge Microcredential Program to Fuel Growth in Nuclear Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Do you have a favorable or an unfavorable opinion of Taylor Swift? – YouGov

    Do You Love Taylor Swift or Not? Share Your Thoughts!

    Upload Season 4 Review – yahoo.com

    Upload Season 4 Review: A Thrilling New Chapter Unveiled

    ‘The Roses’ review: Olivia Colman, Benedict Cumberbatch sparkle in dark comedy – Yakima Herald-Republic

    The Roses’ Review: Olivia Colman and Benedict Cumberbatch Shine in Dark Comedy Delight

    ‘When Calls the Heart’ Fans All Want the Same Thing After Seeing the Show’s Latest Update – yahoo.com

    When Calls the Heart’ Fans Rally Together in Excitement Over Exciting New Update!

    Quotes of the Week: Peacemaker, Project Runway, Countdown and More – yahoo.com

    This Week’s Most Memorable Quotes from Peacemaker, Project Runway, Countdown, and More!

    Drake Appears in Teaser for Bobbi Althoff’s New Podcast ‘Not This Again’ – yahoo.com

    Drake Drops a Surprise Cameo in Bobbi Althoff’s Thrilling New Podcast Teaser ‘Not This Again

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    MC Machinery Technology Summit Showcases Manufacturing Innovations – Modern Machine Shop

    MC Machinery Technology Summit Unveils Cutting-Edge Manufacturing Innovations

    US-ROK Technology Cooperation Faces Rising Tensions – The National Interest

    Rising Tensions Put US-South Korea Technology Partnership to the Test

    The Role of AI and Technology in Shaping the Future of Interactive Entertainment – Technology Org

    How AI and Technology Are Transforming the Future of Interactive Entertainment

    Ten upcoming sports stadiums where technology takes to the field – Dezeen

    10 Futuristic Sports Stadiums Revolutionizing the Game with Cutting-Edge Technology

    Figure Technology Solutions, Inc. Files Registration Statement for Proposed Initial Public Offering – Business Wire

    Figure Technology Solutions, Inc. Unveils Exciting Plans for Its Upcoming Initial Public Offering

    UNLV Responds to Workforce Need with Microcredential in Nuclear Technology – University of Nevada, Las Vegas | UNLV

    UNLV Unveils Cutting-Edge Microcredential Program to Fuel Growth in Nuclear Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home General

Second Frank financial aid executive charged in JPMorgan fraud case

July 18, 2023
in General
Second Frank financial aid executive charged in JPMorgan fraud case
Share on FacebookShare on Twitter

Olivier Amar, a former executive at the college aid startup Frank, was indicted last week and accused of helping defraud JPMorgan Chase into buying the company for $175 million, according to court documents.

The four federal counts filed against Amar, the start-up’s chief growth officer — wire fraud, bank fraud, securities fraud and conspiracy — were added to a case against its founder, Charlie Javice.

Amar, 49 — the second Frank employee to be charged — pleaded not guilty Thursday and was released on a $1 million bond.

Javice, 31, was arrested this year and charged with the same four counts of fraud. She also pleaded not guilty and was released on bond.

Separately, the Securities and Exchange Commission added Amar as a defendant in its civil suit against Javice, which also alleges fraud.

Attorneys for Javice and Amar did not respond to requests for comment.

Javice and Amar hired a data scientist to fabricate a list of users that appeared to show the company had 4.25 million student customers when JPMorgan requested evidence to support Frank’s data, according to the complaint from the SEC. The company had fewer than 300,000 users, the complaint said.

FILE - Charlie Javice, of Miami Beach, Fla., leaves Manhattan federal court, Tuesday, April 4, 2023, in New York, after signing a $2-million bond to remain free on charges that she duped J.P. Morgan Chase with fake records to acquire Frank, her student loan assistance startup company, for $175-million. The fraud case against Javice has taken a step toward trial with an arraignment on an indictment returned in a New York court. Javice pleaded not guilty on Monday, May 22, 2023, to an indictment returned late last week in Manhattan federal court.Charlie Javice, of Miami Beach, Fla., leaves Manhattan federal court in New York City on April 4.Lawrence Neumeister / AP file

According to the filing, Javice sent a WhatsApp message to Amar about the data scientist in 2021, saying: “I found my genius. He says it will take him an hour[.]” Amar responded, “great.”

Javice later paid the data scientist $18,000 for his services, the complaint said.  

The defendants also created a list of real names that could be falsely passed off as those of Frank customers, and Amar arranged for the company to pay $105,000 to a third-party data compiler for its college student data in case the scientist did not provide the fabricated list of users, the complaint said.

JPMorgan learned of the alleged scheme when it sent an email marketing campaign to the list of supposed Frank customers and it generated very few responses, according to the SEC complaint.

Javice, 31, founded the company in 2017, and JPMorgan Chase acquired it in 2021. As part of the acquisition, the bank also hired Javice and Amar.

JPMorgan shut Frank down in January.

Javice received more than $21 million for selling her equity stake in Frank to the bank and an additional $20 million as a retention bonus, prosecutors said. 

Amar received $5 million from the merger, as well as an employment agreement that included a $3 million retention bonus, the SEC complaint said.

Last year, JPMorgan sued Javice and Amar in federal court in Delaware alleging fraud and accusing them of lying about Frank’s size.

Chloe Atkins

Chloe Atkins reports for the NBC News Investigative Unit, based in New York. She frequently covers crime and courts, as well as the intersection of reproductive health, politics and policy.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : NBC News – https://www.nbcnews.com/news/crime-courts/second-frank-financial-aid-executive-charged-jpmorgan-fraud-case-rcna94564

Previous Post

Suspect accused of killing 4 in Georgia suburb shot dead after manhunt

Next Post

The EU-Mercosur trade deal will harm Brazil’s indigenous communities

Washington Conservation Corps gears up for another year of service – Washington State Department of Ecology (.gov)

Washington Conservation Corps gears up for another year of service – Washington State Department of Ecology (.gov)

August 27, 2025
The Myths in our Midst: On the Teaching of the History of Science and Religion in K–12 – Public Discourse

Unveiling the Myths: Rethinking How We Teach the History of Science and Religion in K-12

August 27, 2025
Are we finally speaking the public’s language when we talk about science post-pandemic? – The Globe and Mail

Is Science Finally Bridging the Gap with the Public Post-Pandemic?

August 27, 2025
FBI crackdown in Ghana sparks urgent push for lifestyle audit law – The Africa Report.com

FBI crackdown in Ghana sparks urgent push for lifestyle audit law – The Africa Report.com

August 27, 2025
MC Machinery Technology Summit Showcases Manufacturing Innovations – Modern Machine Shop

MC Machinery Technology Summit Unveils Cutting-Edge Manufacturing Innovations

August 27, 2025
Athletics Builds Competitors Striving for Excellence in Life – Dartmouth

How Athletics Builds Champions Who Pursue Excellence in Every Area of Life

August 27, 2025
In a post-truth world, what happens if we can’t trust US economic data any more? – The Conversation

What Happens When We Can No Longer Trust US Economic Data in a Post-Truth Era?

August 27, 2025
Lagarde says Europe’s economy would be even worse without the immigrants who moved in after the pandemic – Fortune

Lagarde: Post-Pandemic Immigrants Are Vital to Europe’s Economic Strength

August 27, 2025
Do you have a favorable or an unfavorable opinion of Taylor Swift? – YouGov

Do You Love Taylor Swift or Not? Share Your Thoughts!

August 27, 2025
U of M survey finds Minnesotans concerned about health of lakes, rivers – MPR News

Minnesotans Raise Alarming Concerns About the Future of Their Lakes and Rivers

August 27, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (793)
  • Economy (812)
  • Entertainment (21,691)
  • General (16,706)
  • Health (9,853)
  • Lifestyle (826)
  • News (22,149)
  • People (813)
  • Politics (820)
  • Science (16,023)
  • Sports (21,312)
  • Technology (15,793)
  • World (794)

Recent News

Washington Conservation Corps gears up for another year of service – Washington State Department of Ecology (.gov)

Washington Conservation Corps gears up for another year of service – Washington State Department of Ecology (.gov)

August 27, 2025
The Myths in our Midst: On the Teaching of the History of Science and Religion in K–12 – Public Discourse

Unveiling the Myths: Rethinking How We Teach the History of Science and Religion in K-12

August 27, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version