New Forbes '30 Under 30' Scammer Just Dropped
Javice, a 2019 recipient of the highest honor a twenty-something can hope for , appears set to join the illustrious ranks of young founders who got in a bit over their heads and woke up one day a scammer .
JP Morgan claims that her company, Frank, which supposedly guided college applicants through the FAFSA application process, “invented several million Frank customer accounts out of whole cloth,”. “In every aspect of her interactions with JPMC, Javice had a choice between revealing the truth about her startup and accepting Frank’s actual value and lying to inflate Frank’s value,” the lawsuit says.
This wasn’t the first time suspicions were raised against Frank. In 2020, members of Congress requested that the Federal Trade Commission investigate the company’s practices. “We are concerned that Frank is creating false hope and confusion for students while contributing to unnecessary extra work for financial aid administrators,” they said in a
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