* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, August 5, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    ‘Billie Jean’ – Hyde Park Herald

    The Enduring Magic Behind ‘Billie Jean’ Revealed

    Hank Hill returns to a changed world in new ‘King of the Hill’ episodes – New Haven Register

    Hank Hill Navigates a Bold New World in Thrilling New ‘King of the Hill’ Episodes

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Go-to entertainment: why gaming was made for the toilet – The Guardian

    Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Sens. Blackburn, Warnock introduce CREATE Act to provide tax relief to music creators – Yahoo Home

    Sens. Blackburn and Warnock Launch CREATE Act to Deliver Tax Relief for Music Creators

  • 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
    Nasdaq-listed Verb Technology to build $558 million TON treasury, rebrand as TON Strategy Co. – The Block

    Nasdaq-Listed Verb Technology to Build $558 Million TON Treasury and Rebrand as TON Strategy Co

    How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

    How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

    Credo Technology: Wiring The AI Revolution (NASDAQ:CRDO) – Seeking Alpha

    Credo Technology: Driving the Next Wave of AI Innovation

    Microsoft Seeks to Extend Access to OpenAI Technology – PYMNTS.com

    Microsoft Aims to Broaden Access to OpenAI Technology

    Livonia police use grappler technology to stop drunk driver – ClickOnDetroit | WDIV Local 4

    Livonia Police Deploy Grappler Technology to Safely Stop Drunk Driver

    Emory orthopaedic surgeons use robotic technology to transform knee replacement surgery – Emory News Center

    How Robotic Technology is Revolutionizing Knee Replacement Surgery

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    ‘Billie Jean’ – Hyde Park Herald

    The Enduring Magic Behind ‘Billie Jean’ Revealed

    Hank Hill returns to a changed world in new ‘King of the Hill’ episodes – New Haven Register

    Hank Hill Navigates a Bold New World in Thrilling New ‘King of the Hill’ Episodes

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Go-to entertainment: why gaming was made for the toilet – The Guardian

    Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Sens. Blackburn, Warnock introduce CREATE Act to provide tax relief to music creators – Yahoo Home

    Sens. Blackburn and Warnock Launch CREATE Act to Deliver Tax Relief for Music Creators

  • 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
    Nasdaq-listed Verb Technology to build $558 million TON treasury, rebrand as TON Strategy Co. – The Block

    Nasdaq-Listed Verb Technology to Build $558 Million TON Treasury and Rebrand as TON Strategy Co

    How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

    How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

    Credo Technology: Wiring The AI Revolution (NASDAQ:CRDO) – Seeking Alpha

    Credo Technology: Driving the Next Wave of AI Innovation

    Microsoft Seeks to Extend Access to OpenAI Technology – PYMNTS.com

    Microsoft Aims to Broaden Access to OpenAI Technology

    Livonia police use grappler technology to stop drunk driver – ClickOnDetroit | WDIV Local 4

    Livonia Police Deploy Grappler Technology to Safely Stop Drunk Driver

    Emory orthopaedic surgeons use robotic technology to transform knee replacement surgery – Emory News Center

    How Robotic Technology is Revolutionizing Knee Replacement Surgery

    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

Your nature photo might be a scientific breakthrough in disguise – ScienceDaily

Could Your Nature Photo Unlock the Next Big Scientific Breakthrough?

August 5, 2025
Scientists reexamine 47-year-old fossil and discover a new Jurassic sea monster – ScienceDaily

47-Year-Old Fossil Reveals an Astonishing New Jurassic Sea Monster

August 5, 2025
Moment of Science: Parker probe offers insights into sun, solar wind – WIS News 10

Parker Probe Unveils New Secrets About the Sun and Solar Wind

August 5, 2025
Nurse, marathon runner Jin Lee promotes healthy lifestyle by example – Bucks County Herald newspaper

Nurse, marathon runner Jin Lee promotes healthy lifestyle by example – Bucks County Herald newspaper

August 5, 2025
Who’s the top dog? Wave-riding canines compete in the World Dog Surfing Championships – NPR

Meet the Ultimate Wave-Riding Dogs Competing for the World Surfing Championship!

August 5, 2025
‘The Big Short’ investor warns despite economy’s stronghold against ‘thoughtless,’ ‘unprecedented’ tariffs so far, stagflation is coming – Fortune

The Big Short’ Investor Issues Stark Warning: Stagflation Threatens Despite Economy’s Surprising Strength Against Unprecedented Tariffs

August 5, 2025
‘Billie Jean’ – Hyde Park Herald

The Enduring Magic Behind ‘Billie Jean’ Revealed

August 5, 2025
Health insurance in Pennsylvania may see biggest hike in years – 90.5 WESA

Pennsylvania Braces for Its Largest Health Insurance Increase in Years

August 5, 2025
The Origins of the Political Power Grab in Texas – The New York Times

Inside Texas’s Bold Quest for Political Control

August 5, 2025
Nasdaq-listed Verb Technology to build $558 million TON treasury, rebrand as TON Strategy Co. – The Block

Nasdaq-Listed Verb Technology to Build $558 Million TON Treasury and Rebrand as TON Strategy Co

August 5, 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 (755)
  • Economy (780)
  • Entertainment (21,657)
  • General (16,295)
  • Health (9,817)
  • Lifestyle (788)
  • News (22,149)
  • People (779)
  • Politics (789)
  • Science (15,993)
  • Sports (21,275)
  • Technology (15,757)
  • World (761)

Recent News

Your nature photo might be a scientific breakthrough in disguise – ScienceDaily

Could Your Nature Photo Unlock the Next Big Scientific Breakthrough?

August 5, 2025
Scientists reexamine 47-year-old fossil and discover a new Jurassic sea monster – ScienceDaily

47-Year-Old Fossil Reveals an Astonishing New Jurassic Sea Monster

August 5, 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