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by Matthew Russell Lee, Patreon Book Substack

SDNY COURTHOUSE, March 19 – JPMorgan Chase bought a start-up called Frank, which claimed to have 4 million students signed up to file their FAFSA forms, for $175 million. Then Chase learned Frank had only 300,000 customers.

On April 4, 2023, Frank founder Ms. Charlie Javice was brought before U.S. District Court for the Southern District of New York Magistrate Judge Barbara C. Moses and was freed on $2 million bond.

On January 24, 2025 Inner City Press published the first book on the case, Fintech Fraudster? here

February 20 openings, thread here.

On February 21 as Houston Cowan took the stand, then paused due to audio problems, Javice filed that "evidence and argument regarding Bank-1 should be excluded." Letter on Patreon here.

On March 3 the US put on a Google record custodian (thread here), then a former Frank staffer Jen Wong who said she was pissed Chase fired her.

On March 5 Jen Wong finished, then a man from ASL (thread)

On March 6 there was Sarah Youngwood, now of NASDAQ, about minutiae (thread) then the orange jumpsuit quote and judge's timing questions.

On March 10 US witness Patrick Vovor was cross examined (thread) including about his body talk and coming onto Charlie.

On March 11 US witness Adam Kapelner described Javice doubling his rate (thread), the NDA for synthetic in the continued thread on X for Subscribers here and Substack here

On March 12, Kapelner was cross examined by Sullivan, thread, then a Capital One witness began direct.

On March 13 the Capital One witness on cross could not remember of Olivier Amar (or Matt Glazer) were on the video calls, or is his camera was on - thread

  eextended on Substack here.

On March 17 the trial continued, including with witness quoting Charlie Javice that Frank's customer acquisition cost was below $5, thread

On March 18, the US put on JPMC witnesss Keono Drakeford in from Columbus, Ohio - and it set to rest it case on March 19, when the defense will be asked if it will put on a case. Thread

On March 19, Javice's lawyers files a letter including that "The jury has heard ample evidence that GX 3.1.8 is evidence of a mistake in the document’s title that was corrected by Frank, and relayed to both Capital One and JP Morgan & Chase. See GX 1747; GX 1691. Mr. Amar’s desire to admit this exhibit exemplifies his antagonistic defense. Ms. Javice believes that Mr. Amar intends to use this exhibit to argue in closing that Ms. Javice refused to correct this alleged mislabel until July 13, 2025" - typo? Letter on Patreon here

  This case is USA v. Javice, et al., 1:23-cr-251 (Hellerstein)

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