Charlie Javice seeks Trump pardon after JPM fraud conviction

Charlie Javice, who was sentenced to more than seven years in prison for defrauding JPMorgan Chase, is asking the Trump administration for a pardon, The Wall Street Journal reported Sunday.

Javice founded Frank, a platform that helped students apply for college financial aid. JPMorgan bought the startup in 2021 for $175 million. The deal turned sour after the bank said Frank had vastly overstated its user base. Frank claimed to have more than 4 million customers. The real number was fewer than 300,000, according to JPMorgan.

A jury convicted Javice last year on charges including bank fraud and wire fraud. She is appealing the verdict.

The pardon request lands as the White House considers a batch of roughly 250 clemency actions tied to the nation's 250th birthday, the Journal has reported. A spokesman for Javice declined to comment to CNBC. JPMorgan did not respond to a request for comment.

JPMorgan shares traded at $320.72 on Monday, up 2.31%. The stock carries an Alpha Score of 53 out of 100, rated Mixed.