# Frank

Type: Company

Source: Legal & RegTech Intelligence Brief — https://getlegalbrief.com/entity/frank-company
Canonical HTML page: https://getlegalbrief.com/entity/frank-company

## Timeline

- **2026-07-02**: Delaware Court Orders JPMorgan to Continue Legal Fee Advances — Magistrate Judge Wright rules JPMorgan must keep paying Javice’s and Amar’s legal fees, rejecting claims of unreasonable costs; orders advancement of $10.1M and $11.3M in disputed fees.
- **2026-06-30**: Ankle Monitor Removal Denied — A New York federal judge denies Javice’s request to remove her GPS ankle monitor in exchange for doubling bail to $4M, citing flight risk given the long sentence and large restitution.
- **2026-06-14**: Report of pardon seeking emerges — The Wall Street Journal reports that Javice's camp is quietly courting Trump administration officials for a presidential pardon, amid a planned wave of 250 clemencies for the US semiquincentennial.
- **2025-09**: Javice convicted of fraud — Charlie Javice is found guilty of defrauding JPMorgan by grossly misrepresenting Frank's customer numbers, which were under 300,000 instead of the claimed 4 million.
- **2025-03**: Javice and Amar Convicted of Fraud — Charlie Javice and Olivier Amar found guilty of fabricating data to defraud JPMorgan in the Frank acquisition; Javice sentenced to seven years, and both ordered to pay $288M in restitution.
- **2021-09**: JPMorgan acquires Frank for $175M — JPMorgan Chase acquires student-aid startup Frank, founded by Charlie Javice, in a deal reportedly valued at $175 million.
- **2021**: JPMorgan Acquires Frank for $175M — JPMorgan Chase purchases college financial‑aid startup Frank, assuming advancement obligations for its employees under the deal contract.

## Recent coverage (2 stories)

### JPMorgan Must Fund $70M+ Javice Defense Fees, Court Rules
2026-07-04 14:29:57 · Sentiment: Bearish · Impact: 6/10 · Sources: 2

Delaware Chancery Court orders JPMorgan to continue advancing Charlie Javice's legal fees, rejecting the bank's claim that the $70M+ costs are 'astronomical.' The ruling sets a high bar for terminating advancement rights under Delaware law, even after a fraud conviction.
Full story: https://getlegalbrief.com/story/jpmorgan-javice-legal-fees-ruling

### 7-Year Sentence: Javice Seeks Trump Pardon in $175M JPMorgan Fraud
2026-06-14 22:28:23 · Sentiment: Neutral · Impact: 5/10 · Sources: 3

Charlie Javice, serving over seven years for defrauding JPMorgan in a $175M acquisition, is reportedly seeking a presidential pardon amid Trump’s plan for 250 clemencies. The move tests pardon norms, conflicts with Trump’s own $5B lawsuit against the bank, and underscores the politicization of white-collar clemency.
Full story: https://getlegalbrief.com/story/charlie-javice-trump-pardon-legal

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