Charlie Javice, founder of the educational startup Frank, is facing a fraud trial where prosecutors claim she misrepresented the company's value to JPMorgan, claiming 4.25 million users instead of the actual 300,000. Javice's defense requested a mistrial, arguing that key evidence—the Frank website itself—was not available for jurors to see. They believe this content could exonerate Javice by showing the actual metrics of the website, which helped families apply for financial aid. Prosecutors did not respond to the mistrial request, and the trial continues with other evidence presented.
"This case is about whether Ms. Javice misrepresented metrics related to the Frank website. Yet, the website has been the equivalent of the missing key witness, an exculpatory one, at that."
"Frank has helped over 250,000 families...Frank is an online tool that has helped 300,000 students maximize their financial aid for college," the defense motions cited pages from the website.
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