Charlie Jarvis leaves Manhattan federal court after being sentenced to 85 months in prison for fraud against JPMorgan Chase in New York City, USA, on September 29, 2025.
Gina Moon | Reuters
Charlie Jarvis convicted of fraud JP Morgan Chase After selling the company, he is seeking a pardon from the Trump administration, the Wall Street Journal reported on Sunday.
Jarvis founded a startup called Frank, which JPMorgan acquired in 2021 for $175 million.
Last year, she was sentenced to more than seven years in prison for defrauding banks by inflating the number of Frank’s customers. She is appealing the verdict.
JPMorgan said Frank, which helped users apply for college scholarships, said it had more than 4 million customers, but the actual number of customers was less than 300,000.
The newspaper previously reported that the Trump administration is considering issuing as many as 250 pardons to commemorate the nation’s 250th anniversary.
A spokesperson for Jarvis declined to comment to CNBC, and JPMorgan did not immediately respond to a request for comment on this report.
Read the full Wall Street Journal report here.
