Charlie Javice, the convicted founder of Frank, is reportedly seeking a presidential pardon from the Trump administration. Her camp has been quietly courting people close to the administration, although her name has not yet appeared on a formal clemency request list at the Justice Department.
Javice was found guilty of fabricating millions of customer accounts to inflate her startup's value before selling it to JPMorgan for $175 million. She is currently serving more than seven years and is appealing the decision, arguing that the case against her was unfair.
The potential pardon has implications for JPMorgan, which may have extra cause for concern given its relationship with President Trump. Javice has powerful friends, including Apollo's Marc Rowan, who has donated to Trump's campaigns and has given millions to Republican congressional groups.
