Entrepreneur who swindled Trump's top Wall Street nemesis out of millions is now seeking a presidential pardon

Published: 23:38, 14 June 2026 | Updated: 23:48, 14 June 2026 An entrepreneur convicted of swindling $175 million from JPMorgan Chase and its CEO, Trump critic Jamie Dimon, is now seeking a pardon from the president. Charlie Javice and those close to her are looking to solicit support from the Trump administration for a possible pardon, as the White House considers having the president issue 250 pardons as a way to mark the nation's 250th birthday this summer, the Wall Street Journal reports. Javice's name has not yet appeared on a formal list of requests for pardons made by the Justice Department, and White House officials noted to the Journal that it is ultimately up to the president to determine for whom to grant pardons. Meanwhile, Javice is also facing a Securities and Exchange Commission civil case and a continuing battle with JPMorgan Chase over what it said were excessive legal bills that ran up to $74 million - and included expenses such as $530 worth of gummy bears. Her request for a pardon comes just one year after Javice was convicted in federal court of defrauding the bank - ending a years-long embarrassment for both JPMorgan Chase and Dimon, who shelled out millions of dollars in legal bills suing the entrepreneur after she sold her company, Frank, to the bank for $175 million. Javice, who made the Forbes '30 Under 30' list of young business luminaries in 2019, was first arrested in April 2023 on federal charges of conspiracy, bank and wire fraud connected to the student financial aid startup company. It had promised to simplify the notoriously complicated process of filling out financial aid applications for college and graduate students. Javice sold the company to JPMorgan Chase, the largest bank in the world, promising the institution it could have access to what she said were four million users to pitch bank accounts and credit cards to. But after JPMorgan Chase executives tried to contact some of the customers, they learned Frank had just 300,000 users - and the rest of its client base had been fabricated by Javice, who used fake information including false phone and social security numbers. Charlie Javice is seeking a pardon from President Donald Trump one year after being convicted of defrauding JPMorgan Chase The White House is considering issuing 250 pardons this summer to mark the nation's 250th birthday At trial, Frank's chief software engineer, Patrick Vovor, testified that Javice had asked him to generate synthetic data to support her claim over the amount of customers. Prosecutors said that Javice and her number two at the firm, Olivier Amar, who was also convicted, told Vovor it was legal. The duo reportedly said that they didn't want to end up in orange prison jumpsuits, Vovor testified that he refused to help them. Seeking to dent Vovor's credibility, defense lawyers suggested he was resentful that Javice didn't want to date him, which he denied. Prosecutors said the University of Pennsylvania’s Wharton School of Business graduate ended up paying a college friend $18,000 to create millions of fake names with pedigree information. The results were sent to JPMorgan's third-party data provider, but testimony showed that firm never checked to ensure the people were real.  The bank eventually shuttered Frank, and Dimon called the acquisition a 'huge mistake.' Javice and Amar were ultimately convicted on counts including conspiracy, bank fraud and wire fraud charges that are each punishable by up to 30 years in prison.  Yet the disgraced businesswoman remained free after posting $2 million bail as she looks to start a family amid fertility issues. JPMorgan Chase CEO Jamie Dimon, a longtime Trump critic, called the acquisition of Javice's company, Frank, a 'huge mistake' JPMorgan discovered the inflated number when it tried to contact Frank customers it believed was real. (Pictured: A snip from the company's website)  Javice is now trying to appeal the verdict as she also reportedly seeks the presidential pardon. She has long claimed her prosecution was unfair, with her attorneys claiming shortly after she was arrested that the Department of Justice improperly colluded with JPMorgan Chase to bring a criminal case against her. 'The Government has worked hand-in-glove with [JPMorgan Chase], receiving curated sets of documents, access to witnesses and suggestions as to targets for third-party subpoenas,' attorney Alex Spiro wrote in an October 2023 memo. 'The Government is apparently content to ignore the highly relevant and likely exculpatory materials [JP Morgan] is strategically choosing to hold back.' During the trial last year, Javice's lawyers also argued she was unfairly prosecuted alongside Amar. They claimed the double trial led each executive to produce more damaging claims about the other, thus prejudicing the jury against the defendants. Despite her conviction, Javice has maintained relationships with some influential people, including Apollo Group Management CEO Marc Rowan (pictured), who is close with the Trump administration Despite her conviction, Javice has maintained relationships with some influential people, including Apollo Group Management CEO Marc Rowan, who is close with the Trump administration and was recently named to its Board of Peace to rebuild Gaza. Rowan was an investor in Javice's company, and was one of only a few witnesses to testify in her defense at trial. He had even written to Judge Alvin Hellerstein ahead of her sentencing to urge leniency, arguing she still had much to contribute to society.  But Rowan has also faced his own legal issues. JPMorgan Chase sued a trust he controlled earlier this year in an effort to recoup some of the money he earned in the Frank deal. The lawsuit claimed Rowan and other investors in the company refused to give the bank back the money they earned after Javice's criminal conviction. The trust and JPMorgan Chase have since resolved the lawsuit without disclosing the terms of the agreement. The Daily Mail has reached out to the White House and JPMorgan Chase for comment.  The comments below have not been moderated. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. By posting your comment you agree to our house rules. Do you want to automatically post your MailOnline comments to your Facebook Timeline? Your comment will be posted to MailOnline as usual. Do you want to automatically post your MailOnline comments to your Facebook Timeline? 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