Charlie Jarvice Net Worth, Career, Source of Income, and Bio

What is Charlie Jarvice Net Worth? Charlie Jarvice is best known as the CEO of Frank, a student financial aid application assistance company founded in 2016.

In January 2023, Charlie was allegedly accused of fraud concerning the acquisition of her company by JP Morgan Chase which was accrued at $175 million.

Later on April 4, 2023 she was charged with a four count grand jury indictment for securities fraud, wire fraud, bank fraud and lastly, conspiracy in Manhattan federal court.

Is that all there’s to know about Charlie Jarvice? Well, we’re only getting started. Keep reading to discover more.

Profile Summary

Name: Charlie Jarvice
Profession: American Entrepreneur and Founder of Frank
Date of Birth: 14 March 1993 (now 30 years old)
Place of Birth: Born in Westchester County, New York, United States
Nationality: American
Marital Status: Not Available
Net Worth: $10 million

Charlie Jarvice Net Worth — Photo Credit: Google Image

Early Life & Education

Charlie Jarvice was born on March 14, 1993 in Westchester County, New York. Her father worked at a hedge fund whereas her mother on the other hand was a life coach and used to work as a teacher.

Jarvice had a younger brother named Elie, he worked as a Chief Digital Officer of Firehouse Subs.

Jarvice had her nursery to high school education at the French American School of New York. Fast forward to 2013, she graduated from the Wharton School of the University of Pennsylvania with a bachelor degree in finance and legal studies after studying for three years.

While at Wharton, Jarvice founded PoverUp, a kind of online platform that helps students learn more about micro finance clubs and how to start them.

Not until 2015, Charlie Jarvice served as a member of the Board of Overseers for the University of Pennsylvania Hillel Organization.

Career

Charlie Jarvice founded Frank in 2016, a company that helps students to apply and secure loans.

However, in 2017 the following year the United States Department of Education accused Jarvice for providing false information to customers by making them believe that her company, Frank, was affiliated with the United States government.

This raised many eyebrows over the company. Later in 2018 she was sued by Adi Omesy, a co-founder of Frank for wage theft in Israel which she was ordered to pay a charge of $35,000 in 2021.

In 2021, Jarvice sold the company to JP Morgan Chase for a whopping $175 million and was appointed managing director at JP Morgan Chase.

Unfortunately, she was suspended in September 2022 following a lawsuit by her employer, and was eventually terminated for cause two months later.

After facing prosecution by the Manhattan federal court, she was released on a $2 million bond on the following conditions:

To restrict her travel to New York City and Southern Florida, agreeing not to contact witnesses involved in the case and to surrender her passports.

Lawsuit & Controversies

In 2021, JP Morgan, filed a lawsuit against Jarvice for paying a data scientist professor to fabricate a list of over 4 million fake students just to convince JP Morgan to purchase Frank.

Meanwhile, on the other hand, Jarvice countersued JP Morgan for name defamation.

On April 4, 2023, she was charged with securities fraud, wire fraud, bank fraud and conspiracy and was prosecuted by the Manhattan federal court.

In addition, she was also found guilty of fraud by the U.S Securities and Exchange Commission.

Source of Income

As a talented woman with a strong entrepreneurial spirit, Charlie Jarvice’s major source of income comes from her role as the founder of Frank.

It is assumed that she has made millions from the startup since its establishment despite the ups and downs she has encountered over the years.

Relationship

Although some people have speculated that Charlie Jarvice may be married, there is no definitive evidence to confirm or deny this claim. Jarvice has not publicly shared any information about her romantic life.

However, she seems to be enjoying her life as a single lady. Meanwhile, she is currently living in Miami in her purchased house reportedly worth a staggering $1.4 million.

Family

Charlie Jarvice shares close bonds with her family. Her father, Didier Jarvice, worked at a hedge fund and several other investment firms which is believed to have influenced Jarvice to take on the same career path in the finance sector.

Her mother, Natalia Rosin worked as a former teacher and is currently a life coach. Her brother, Elie Jarvice is serving as the current Chief Digital Officer of Firehouse Subs. It is yet to be known if she has a sister or not, but for now these are her family members.

Age, Height, and More

Jarvice is a 30 year old woman born on 14, March, 1993. She celebrates her birthday every March 14 with friends and family. As a March born, her zodiac sign is Pisces and they are known for their creativity, intuition, and sensitivity.

She stands at an impressive height of approximately 5 feet 6 inches and weighs around 48 kilograms (105 lbs).

Awards and Recognition

Throughout her career, Charlie Jarvice has earned several notable and prestigious awards tied to her name.

For instance, in 2011 she was ranked among the top 100 of Most Creative People appearing at number 99.

In 2029, she was named Forbes 30 under 30. Also, in the same year 2019, she was named in Crain’s New York Business 40 under 40.