Charlie Javice, Sentenced to 85 Months for Frank Fraud, Seeks Presidential Pardon

Charlie Javice, convicted of defrauding JPMorgan Chase in the 2021 sale of her startup Frank, is seeking a presidential pardon from President Trump, according to people familiar with the matter. Javice and individuals close to her have contacted people with ties to the Trump administration to pursue clemency, the same sources said.

A White House official stated that President Trump remains the final decision-maker on any clemency requests.

A Manhattan federal jury convicted Javice in March on charges including conspiracy, wire fraud, bank fraud, and securities fraud. Prosecutors alleged that Javice falsely claimed Frank had more than 4 million users when the company actually had identifying information for only a fraction of that number, and that she helped create or obtain fabricated data to support those claims during JPMorgan’s due-diligence process.

US District Judge Alvin Hellerstein sentenced Javice to 85 months in prison and ordered her to pay forfeiture and restitution totaling hundreds of millions of dollars.

Javice is appealing her conviction. com that she is focused on her appeals and described the pardon report as “just a regurgitation of Ms. ” Javice still faces a civil enforcement action brought by the Securities and Exchange Commission.

She is also in a dispute with JPMorgan over legal expenses the bank was required to advance under the acquisition agreements. JPMorgan has argued that legal bills submitted on behalf of Javice and former Frank executive Olivier Amar were excessive. Defense costs climbed into the tens of millions of dollars and included unusual expenses such as cellulite cream and hundreds of dollars’ worth of gummy bears, according to the bank.