How Charlie Javice Got JPMorgan to Pay $175 Million for … What Exactly?
In The News Piece in The New York Times
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Jan. 21, 2023
Wesley Whistle was cited in an article by New York Times about a young founder that promised to simplify the college financial aid process but JPMorgan said they were conned by her.
List accolades turned up in bunches. Ms. Javice appeared on the 2019 Forbes 30 Under 30 finance list. Then she made the Crain’s New York Business 40 Under 40 list. “Javice has done her homework,” the Crain’s article said.
Not everyone agreed. The next year, Wesley Whistle, who worked at the New America think tank at the time, wrote a blog post calling out Frank and Ms. Javice for promising help with pandemic relief for students, even though Frank wasn’t working with schools directly and the company’s tool might not have been of any use to many students.
Not long after that, the Federal Trade Commission sent a warning letter to Frank noting that its “purported assistance to students consists primarily of providing a form letter that may lack the information a student would need to apply for one of the grants from his or her school.”
Read the full article here.