Statement Of Acting U.S. Attorney Matthew Podolsky On The Convictions Of Charlie Javice And Olivier Amar
Charlie Javice and Olivier Amar were found guilty by a unanimous jury for orchestrating a fraud that inflated Frank's customer base to secure a $175 million sale.
Charlie Javice and Olivier Amar were convicted of orchestrating a brazen fraud by fabricating customer data to inflate the value of their company, Frank. The duo misled major financial institutions to facilitate a business sale worth $175 million. The federal jury verdict follows allegations that they falsely claimed to have millions of customers when they possessed only a fraction of that number.
Charlie Javice, the founder and CEO of Frank, and Chief Growth Officer Olivier Amar have been found guilty by a unanimous jury for orchestrating a massive financial fraud. The pair fabricated customer data to falsely claim Frank had millions of users, when the actual number was only a small fraction of that total. This deception allowed them to sell the company for $175 million to major financial institutions. Acting U.S. Attorney Matthew Podolsky announced the convictions, highlighting the defendants' prioritization of greed over honesty. The case was prosecuted in the Southern District of New York through the collaborative efforts of career prosecutors and law enforcement partners. Now convicted, Javice and Amar face significant legal consequences for their systematic misrepresentation of company performance.
Extracted insights
- $175.00M $175 million $100M–$1B
- person charlie javice
- agency U.S. Attorney's Office For The Southern District Of New York
- Acting U.S. Attorney Matthew Podolsky Announced Convictions Charlie Javice And Olivier Amar
- Charlie Javice Falsely Claimed Her Company Had Millions Of Customers
- Charlie Javice Fabricated Data And Lied To Major Financial Institutions
- Charlie Javice Sold Their Business For $175 Million
- Javice And Amar Stood Convicted By A Jury Of Their Peers In Federal Court
- U.S. Attorney's Office Pursue Financial Fraud Aggressively And Hold Accountable Those Who Put Greed Above Honesty
- Career Prosecutors Of This Office Worked Tiresomely To Bring This Case To Trial And Secure Today’s Verdict
- Javice And Amar Pay A Steep Price For Their Lies
Press Release Statement Of Acting U.S. Attorney Matthew Podolsky On The Convictions Of Charlie Javice And Olivier Amar Friday, March 28, 2025 Share FacebookLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. XLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. LinkedInLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. Email For Immediate Release U.S. Attorney's Office, Southern District of New York “Today, a unanimous jury found Charlie Javice and Olivier Amar guilty of orchestrating a brazen fraud. Javice, the founder and CEO of Frank, falsely claimed that her company had millions of customers when, in reality, it had just a fraction of that number. She and Amar, the Chief Growth Officer, fabricated data, lied to major financial institutions, and sold their business for $175 million. And while Javice and Amar may have thought that they could lie and cheat their way to a huge payday, their lies caught up with them, and they now stand convicted by a jury of their peers in federal court. This Office will continue to pursue financial fraud aggressively and hold accountable those who put greed above honesty. I commend the career prosecutors of this Office and our law enforcement partners who worked tirelessly to bring this case to trial and secure today’s verdict. Thanks to their efforts, Javice and Amar will now pay a steep price for their lies. ” Contact Nicholas Biase, Shelby Wratchford(212) 637-2600 Updated March 28, 2025 Component USAO - New York, Southern Press Release Number: 25-074
Press Release Statement Of Acting U.S. Attorney Matthew Podolsky On The Convictions Of Charlie Javice And Olivier Amar Friday, March 28, 2025 Share FacebookLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. XLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. LinkedInLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. Email For Immediate Release U.S. Attorney's Office, Southern District of New York “Today, a unanimous jury found Charlie Javice and Olivier Amar guilty of orchestrating a brazen fraud. Javice, the founder and CEO of Frank, falsely claimed that her company had millions of customers when, in reality, it had just a fraction of that number. She and Amar, the Chief Growth Officer, fabricated data, lied to major financial institutions, and sold their business for $175 million. And while Javice and Amar may have thought that they could lie and cheat their way to a huge payday, their lies caught up with them, and they now stand convicted by a jury of their peers in federal court. This Office will continue to pursue financial fraud aggressively and hold accountable those who put greed above honesty. I commend the career prosecutors of this Office and our law enforcement partners who worked tirelessly to bring this case to trial and secure today’s verdict. Thanks to their efforts, Javice and Amar will now pay a steep price for their lies. ” Contact Nicholas Biase, Shelby Wratchford(212) 637-2600 Updated March 28, 2025 Component USAO - New York, Southern Press Release Number: 25-074