Thursday, October 2, 2025

Meet Charlie Javice who conned J P Morgan out of $175 M

 Meet Charlie Javice 

Ms Javice claimed her business, Frank,  assisting student with loan matters had  4 million clients.

Turns out it was less than 300,000. At age 33, pretty good fraud for a kid eh, she cannot teach Pilates with her required ankle bracelet. 

As audit students how is it that a one of the four largest banks in the US could be so easily deceived?  Surely Morgan Chase employs plenty of CPAs, CIAs, and attorneys.  But it happened. 

Great comment by the Judge,  Still, the judge criticized the bank, saying “they have a lot to blame themselves” after failing to do adequate due diligence. He quickly added, though, that he was “punishing her conduct and not JPMorgan’s stupidity.”

Charlie gets 7 Years in Prison 

US Attorney Office on Charlie 

 

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