Charlie Javice,founder of the failed student loan fintech Frank,argued against imprisonment in a court filing on September 9,2025,citing ongoing fertility treatments and the emotional toll of incarceration on her prospects for motherhood. The 31-year-old Javice faces a potential prison sentence after being convicted in June 2024 of defrauding JPMorgan Chase out of $175 million.
The case centers on allegations that Javice fabricated data regarding Frank’s user base to induce JPMorgan Chase to acquire the company in a $175 million deal. Prosecutors contend Javice created fake email lists and student loan applications to inflate the number of active Frank users, misleading JPMorgan Chase about the company’s true value.A sentencing hearing is scheduled for November 18, 2025, in Manhattan federal court.Javice’s legal team is now appealing to Judge Kelly, requesting a sentence of home confinement, arguing that imprisonment woudl jeopardize her fertility treatments and future family plans.
According to court documents, Javice and her husband have been undergoing in vitro fertilization (IVF) treatments for over a year. Her lawyers assert that the stress and disruption of imprisonment would significantly hinder her ability to continue these treatments and perhaps prevent her from ever having children. The filing details the emotional and physical demands of IVF, emphasizing the need for a stable and supportive environment.
Javice was found guilty on four counts of bank fraud and conspiracy to commit bank fraud. Prosecutors presented evidence showing Javice directed employees to generate fictitious data, and she personally sent misleading information to JPMorgan Chase. The government alleges Javice knowingly misrepresented Frank’s success to secure the acquisition, enriching herself in the process. javice maintains her innocence, claiming she believed the data was accurate at the time of the sale.
