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Saudi Arabia discloses LP positions & SEC charges Frank founder with fraud | E1713
This Week in Startups
The SEC Charges Charlie Frank With Bank and Wire Fraud
Frank was a consumer FinTech app that helps students better navigate the student loan process. The SEC charged Charlie with one count of conspiracy to commit bank and wire fraud. She raised $20 million from investors, including Apollo Global and Chegg. JPMorgan Chase acquired Frank for $175 million in 2021.
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