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Monday, September 15, 2025

Charlie Javice says JP Morgan is withholding evidence in fraud case - Business Insider

  • Charlie Javice says JP Morgan is withholding thousands of documents that could help her case.
  • Javice also said the US government has 'cherry-picked' the evidence in its case against her.
  • Javice is facing federal charges after JP Morgan claimed she defrauded them out of $175 million.

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Charlie Javice, the founder of the student financial aid startup Frank, was hit with criminal charges earlier this year after the Department of Justice said she defrauded JP Morgan out of $175 million when it acquired her company.

Now, the 31-year-old claims JP Morgan has failed to produce "likely thousands" of documents that could help her defense. She also said the US government's response has been "deliberate inaction," according to a Friday court filing obtained by Insider.

The filing says the missing materials that should have been shared during discovery are "potentially exculpatory."

Those materials include internal documents from JP Morgan about its acquisition of Frank and its internal investigation of the company, the filing said.

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Javice also said that internal communications from JP Morgan are missing, including "Slack chat communications that appear to span entire days" and "communications in which Frank's General Counsel and COO likely participated in a non-legal, business role," according to the filing.

"The Government seems content to rest its entire complaint (and theory of the case) on JPMC's cherry-picked set of documents," the filing reads.

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