She Sold JPMorgan Millions of Customers Who Didn't Exist

JPMorgan paid $175 million for a startup that said it helped more than 4 million students. The real number was closer to 300,000. This is how the rest were made up, how they passed a check, and how a single email campaign gave it all away. In March 2025, a federal jury in Manhattan convicted Frank founder Charlie Javice and executive Olivier Amar of fraud. Javice was sentenced to 85 months in prison. She is appealing; as of this video, the conviction stands. CHAPTERS 0:00 400,000 emails, 103 clicks 1:02 The five pieces 1:49 Part 1: The Promise 3:12 Part 2: The Buyer 5:26 Part 3: The Test 6:57 Part 4: The Engineer Who Said No 8:04 Part 5: Thirty-Six Hours 11:16 Part 6: Meanwhile, a Shopping Trip 12:28 Part 7: The Deal 13:36 Part 8: The List Comes Due 16:22 Part 9: The Unraveling 17:36 Part 10: The Sentence 18:44 What we take from this SOURCES JPMorgan Chase Bank v. Javice et al., D. Del. No. 1:22-cv-01621, Complaint (Dec 22, 2022): https://storage.courtlistener.com/recap/go... U.S. Attorney's Office, S.D.N.Y., press releases on the verdict (Mar 28, 2025) and sentencing (Sep 29, 2025) SEC press release 2023-74: https://www.sec.gov/news/press-release/202... Details marked as allegations come from JPMorgan's civil complaint and are the bank's claims. Facts from the criminal case are stated as such in the video. The Audit Trail tells the stories of real financial frauds, built only from court records and official documents, and only from cases with a conviction or a formal ruling. Narration voice is AI-generated. Stock footage from Pixabay contributors under the Pixabay Content License. #fraud #JPMorgan #truecrime