The fintech startup had been acquired by JPMorgan Chase in 2021 for $175 million. The bank later accused Frank of lying about its customer base.

Charlie Javice, founder of college financial aid platform Frank, was arrested in 2023 on charges she defrauded JPMorgan Chase in the sale of the fintech firm.

Javice was convicted for defrauding JPMorgan Chase into buying her college financial aid startup Frank for $175m