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Jury Finds Charlie Javice Guilty Olivier Amar Two Both Sought Severance and Will Appeal
by Matthew Russell Lee, Patreon Book Substack
SDNY COURTHOUSE, March 28 – JPMorgan Chase bought a start-up called Frank, which claimed to have 4 million students signed up to file their FAFSA forms, for $175 million. Then Chase learned Frank had only 300,000 customers.
On April 4, 2023, Frank founder Ms. Charlie Javice was brought before U.S. District Court for the Southern District of New York Magistrate Judge Barbara C. Moses and was freed on $2 million bond.
On January 24, 2025 Inner City Press published the first book on the case, Fintech Fraudster? here
February 20 openings, thread here.
On February 21 as Houston Cowan took the stand, then paused due to audio problems, Javice filed that "evidence and argument regarding Bank-1 should be excluded." Letter on Patreon here.
On March 3 the US put on a Google record custodian (thread here), then a former Frank staffer Jen Wong who said she was pissed Chase fired her.
On March 5 Jen Wong finished, then a man from ASL (thread)
On March 6 there was Sarah Youngwood, now of NASDAQ, about minutiae (thread) then the orange jumpsuit quote and judge's timing questions.
On March 10 US witness Patrick Vovor was cross examined (thread) including about his body talk and coming onto Charlie.
On March 11 US witness Adam Kapelner described Javice doubling his rate (thread), the NDA for synthetic in the continued thread on X for Subscribers here and Substack here
On March 12, Kapelner was cross examined by Sullivan, thread, then a Capital One witness began direct.
On March 13 the Capital One witness on cross could not remember of Olivier Amar (or Matt Glazer) were on the video calls, or is his camera was on - thread
eextended on Substack here.
On March 17 the trial continued, including with witness quoting Charlie Javice that Frank's customer acquisition cost was below $5, thread
On March 18, the US put on JPMC witnesss Keono Drakeford in from Columbus, Ohio - and it set to rest it case on March 19, when the defense will be asked if it will put on a case. Thread
On March 19, Javice's lawyers files a letter including that Amar’s desire to admit this exhibit exemplifies his antagonistic defense."Letter on Patreon here
On March 20 the defense case proceeded, until one of Javice's lawyers asked Judge Hellerstein to admonish a witness under subpoena that he must remain and testify.
At the end of the trial day on March 24 Amar's lawyer said they should not have to close on Wednesday at 4 pm - the AUSA said they jury should be allowed to reach a verdict on Friday, the end of the six weeks jurors were told the case would take. Judge Hellerstein said to try to reach agreement and was told it probably wouldn't happen.
Docketed on March 25, Javice's lawyers at Quinn Emanuel cited Thompson v. United States, 604 U.S. __ (2025) and its "holding that as a matter of statutory interpretation 'false and misleading are two different things' and the latter may not be read into the former—has direct implications for this case and requires a careful review of the jury charge." Letter on Patreon here.
On March 26 Amar's lawyers argued that "the acts and statements of the alleged coconspirator, Ms. Javice, should not be considered against Mr. Amar. See United States v. Gigante, 166 F.3d 75 (2d Cir. 1999)" - 5 page filing on Patreon here
On March 27, Charlie Javice moved (for the last time?) for severance and/or a mistrial: "Ms. Javice respectfully moves for a mistrial and for severance following her co-defendant, Olivier Amar’s antagonistic closing argument. Mr. Amar’s improper, incessant, and zealous arguments about Ms. Javice’s alleged guilt have prevented the jury from making a reliable judgment about her guilt or innocence. See Zafiro v. United States, 506 U.S. 534, 539 (1993). In closing argument, counsel for Mr. Amar painstakingly reiterated the government’s evidence against Mr. Javice― walking through every piece of evidence against Ms. Javice for a second time, but removing Mr. Amar from the narrative. This resulted in the jury hearing prosecution’s case against Ms. Javice twice from two different prosecutors." Letter on Patreon here.
On March 28 Charlie Javice was found guilty - and Olivier Amar too. Both sought severance from each other so expect appeals on those grounds.
More on X for Subscribers here and Substack here
This case is USA v. Javice, et al., 1:23-cr-251 (Hellerstein)
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