she stole money from someone who stole money.

Had she defrauded the public, she'd have been let go with just a slap on the wrist, unfortunately for her, she messed with the banks!

"didn't scam students, but scammed the bank" 👑 you dropped this

Forbes 30 under 30 translates to “the 30 best fraudulent people under 30 years old”.

I find it ironic that she defrauded JP Morgan Chase out of hundreds of millions and faces 100 years in jail while they have been convicted several times of defrauding people out of billions and no executives have faced any jail time whatsoever.

Great decision by the engineer denying the request. Those are the types of responsible and trustworthy people we need.

How many 30 under 30's have gone to prison. Forbes needs to work on their selection.

18K only for the professor? He virtually single handedly held up that scam.

facing 100 years when not a single banker went to prison in 2008 . such a corrupt world

A prime example of "When the poor stole from the rich is called criminal, when the rich stole from the poor is called bussiness".

The insanity of taking a job at the company she scammed, and to not delete the emails that proved her deceit

This is a very well done video. Surprised that I had not heard of this case before.

I watched her in a interview. She sounded really genuine and trustworthy. I really have to brush up on my skills in identifying a sociopath.

As soon as I heard she was in Forbes' "30 under 30", I knew she was a crook.

Defrauded a company, that along with most Wall Street banks, have been doing the same for decades

Dagogo. Thank you for you clear and compelling work. I enjoy your presentations. Keep on keeping on!

Now if she had been working for the bank and was scamming people like this, she would've been promoted in a heartbeat.

I am not surprised that Chase overlooked the fake accounts. I tried to use them for a mortgage, and no one knew what they were doing throughout the whole process. I was passed off to about 15 people in total and each person didn't tell the next person what was going on with the mortgage. They would ask for the same documents again and again. Terrible company.

🤣🤣🤣 Anyone notice that Wharton produces famous conmen and conwomen graduates?!?! 🤣🤣🤣

"Because of her personality, we didn't trust she could get started in a real way" That is hella cold bruv

It's not that difficult to defraud those who are already blinded by greed.

She just did exactly what they have done to us for the longest! They are just ashamed because they got scammed!

Yeah, it's always reassuring when someone tells you "You definitely won't go to prison for this" lol

Thank you for interesting story and very good explanation.

You should also highlight the fact the 30 under 30 is actually an income source for Forbes. People can legit buy a spot on that list.

You should do one on the so called Forbes prestigious list and its history of picking fraudsters over the years.

Got a new drinking game. Everytime he says “QUOTE” you have to take a shot…….OMG IM HAMMERED🤣🤣🤣🤣

Great video! You made the story interesting. Free money and social media help to enable fraudsters, but people have always been lazy about due diligence and there is a hysteria to find female entrepeneurs that makes the situation ripe for an unethical person who has the right look.

Moral of the story: you don’t get away with scamming the scammers.

JP Morgan to Charlie Javice: You can't scam people, that's our job.

Wow! She just couldn’t stop! Thinking she was invincible and finally she got caught.

Love your work.

What baffles me is that when a common person wants a small loan u get turned inside out , but when it comes to 50 million or more a nice story will do🤔

You should make a whole video about the Forbes 30 under 30 list, which is mostly filled up with people who paid to be listed there. I wonder how many of them actually run scams or end up in prison over the next several years

JPM just needed to check the app stores download numbers. No where near 4 million. Wonder if anyone got fired for that shoddy due ‘diligence’

excellent video dude, thanks

Wow. She labelled her company "Frank" referring to honesty, yet she lied repeatedly about her customer base.

The Hypocrisy of the banks is absolutely mind-boggling.

Thanks for the episode!

the idea of micro-loan comes from a comedy called "yesman" starting jim carry !! 😃😃😃

When people say "fake it until you you make it" they mean that as a way of combatting imposter syndrome when taking on a new career and building confidence/skills. They don't mean literally fake your entire life and commit fraud until you make it 🥴

Is unbelievable that JP Morgan was so utterly stupid as to not verify the database BEFORE handing her anything. As Michael Corleone said, "I don't trust anyone. That's why I'm still alive."

This channel content is fascinating and well done. New subscriber here.

Apprantly from a reddit post of a former employee with proof, that this girl was a horrible person. Fired anyone that disagreed with her. Fired the whole office at one point because having a bad day. Said she had no hard skills and never made a cent in revenue on it.

the strangest thing and almost impressive thing is how confident these people are to run with complete fake stuff and never crumble under the pressure. amazing , i couldnt do it

Another amazing video!

Watching all these scam videos makes me feel so inadequate 😂

Great job!!

If people like Charlie can scam banks that easily, then the U.S financial system needs a Herculean overhaul.

She scammed the rich. That ALWAYS has consequences

She is a genius as she understands how the real world works! Only if she admitted to herself putting her ego aside and do it properly which is not racing towards success with madness, not risking it as she knew that there will be a depper search in the fake list, knew the bank mean serious business when it comes to amount of money and will herself in the mud, and she knew it all along but took that kind of risk. Many people are giften with a sharp mind, the problem comes when they realize it and know how to use it to its full potential and be overconfident about their moves. To end those old people she said in her quote have experiences which is far greater than the sharp and bring mind and intelligence she has! Careful and being cautious which was what she needed and she was already being praised and marketed for free, one example is forbes and the rest is history!

Great report. Thank you. Just subscribed.

I'm astounded by the fact that JPMC in its due diligence report failed to confirm a simple email list was fraudulent before the deal closed, not 2 months later. Like buying a car being told it runs great. Then after the purchase, discover there is no engine.

Love your work, but this one really hit close to home! From the span of 2002 to 2014, I co-developed and admin'd three progressively better online systems to ease the FAFSA process for Louisiana students (working under my state's Dept. of Ed, under two agencies and a number of grants)... the idea of a 5-minute FAFSA is even more absurd than the Theranos' blood drop scam. On a related note, I was often in contact with other states doing the same thing, so one reason she wasn't getting business is because there are a lot of states that have very robust guidance and assistance applications that are truly top notch (and free for citizens of those states). Sorry for the ramble, brilliant video as always.

You are brilliant.

The worst part of this is if she had just been a tiny bit more careful she could just get away with it. Makes me often wonder how many very successful companies that we know about are simply scams that managed to avoid being detected.

It always blows my mind how there’s people that are “supposedly” smart enough to create a fake business, yet dumb enough to actually think their scam would work.

If she went and pivoted to a marketing agency she'd be famous rn

Banks can steal from the people but if the people do it to the bank it’s a big deal

Ive never understood how scammers can be so knowledgeable and lack the skills to make money legally.

I have explosive diarrhea.

Stealing from those with power will get you prison time. Stealing from the average person will get you ignored.

When the banks press charge against you, you get 100 years in jail, but when you press charges against the bank, they get sentenced to a 100 day vacation with pay and bonuses.

How do these people live with the anxiety of being caught? I can’t keep the secret that I took an extra Oreo without confessing.

The CEO of my last employer startup was in the Forbes 30 under 30 list. Thats when I realized that list is absolutely worthless. The guy had only one skill, lying to investors and getting a butt load of money. The application was perpetually broken, customer support was keeping the company afloat by lying and bribing the customers. Engineering team was always burdened with 2x workload than they could handle. Total shit show. There are a lot of people in tech like him. They love the CEO, Founder titles, but have zero skills, apart from lying. Forbes 30 under 30 list is a joke.

Scamming the scammers. Love it. ❤

Girl defrauds JP Morgan - goes to jail Now do the story where JP Morgan consistently defrauds millions of people and ... Nevermind

This all could’ve been avoided if JP asked their interns if they’ve even heard of the business😂😂😂

But bank defrauds public billions they face a small fine, no prison time.

Goes to show how badly money corrupts. From the bottom to the top the money scammers will always flop!

We are infatuated with these young, "brilliant" doers. Most of them are frauds, narcissists and incredibly spoiled children

What i learned in the 2000s is to be rich you have to be a fraud.

"Wind Beneath My Wings" plays "Did you ever know that you're my hero, you're everything I wish I could be..." crooked ass banks

As a marketer, I get frustrated when people say that scams just had “great marketing.” Great marketing isn’t lying. If I could lie, I’m sure my marketing would be more convincing. But then the customers would find themselves with a medical device that doesn’t do what they thought it would.

One way to tell if your being scammed or not, is if everyone else thinks they are charming. They are good talker's and everyone loves them. I remember a couple of years ago even Oprah said if you have good communication skills you can get by with anything. It's true, dress nice, good talk, be humble and you have people falling at your feet.

the scarier thing would have been if she decided to start an MLM company and hurt ordinary people directly instead of a giant corporation, and she would've still been duping people to this day and get away with it

A: “I stole millions of dollars” B: “How dare you?!?!!” A: “I stole it from JP Morgan” B: “Oh nevermind then. Can I help somehow?”

2:13 "poverUp" is such a dystopic postcapitalist name, coming up with that deserves jail time by itself 😂

Less than 300k customers could have also be impressive. Maybe she felt the need to lie just as some KZfaqrs feel the need to create click-bait video. Thanks for honest high quality content as always!

The irony of her naming her company Frank based on the definition of honesty is hilarious

Great video!

Micro Loans... Brilliant!! Same idea Jim Carey had in Yes Man. LOL.

Its extremely stupid to think that one can fake over four million email accounts and send the fake data to "the top most bank" and not get caught. Sometimes I have personally seen in the startup world that young people overestimate themselves and rather than build a robust business they are more about chasing a self image about themselves.

From 2000 to 2022 JPMorgan has paid over 26 billion dollars in penalties for their own defrauding and financial offenses. And that's only the ones they got caught for. They get really aggravated when someone tries to beat them at their own game.

100 years?! Damn! One of the oldest and biggest known scammers in history has friends in high places for those who scam it.

this would make an interesting movie. I remember a girl claiming to be a rich socialight

The difference between this story and the FTX story is that in this story, she tried to steal from the legacy system, which is absolutely NOT allowed. With FTX, they were stealing from regular people, which seems to be totally fine with the SEC, etc…

This might be the worst scam I’ve ever heard. Her plan was to hope that JPM would continue, for the rest of her life, not knowing they weren’t actually in contact with real customers. It’s absolutely brilliant

‘ pulls out notebook and pen ‘

Outrageous. Everyone knows that scamming is what the Banks do to people, not the reverse. Silly girl.

JP Morgan should have hired her as the marketing head instead of sending her to jail. She fleeced them so well.

She's the real life example of "Fake it till you make it, until you don't"

It’s crazy that people murder and are sentenced to less time than 100 years, yet she is sentenced to potentially that long for fraud

Great pres my friend! Wow " Fake it til you make it" is just astounding mentality indeed. I am a baby boomer and cannot understand this on any level. They are way too overconfident IMHO.

Wanting to "solve poverty" is one of the most juvenile "ideas" a young person can come up with. It's literally the standard answer at beauty competitions.

Imagine how many fraudulent/shady companies are currently operating right now that we don't even have a clue.

The hero everyone needed

I saw the title and thought, "Oh, boy, this must be a 'How To' video."

As a millennial as well, who always had big ambitions (just not an affluent family to support them), I find these kinds of stories very interesting. During my military service ten years ago, I was in charge of a system, and I made a mistake. When my commanders asked me about it, I was scared, and I lied. The lie was found out pretty quickly and I was promptly kicked out of my unit. Luckily no one actually got hurt and nothing bad happened other than my lie, so all things considered I probably got off easy. However, it led to a huge crisis of identity for me, perhaps the biggest in my life so far, since I was so ashamed of lying, and couldn't understand why I lied. After doing some soul searching, I realized that I tried to foster this image of an amazing guy who does everything perfectly and is always successful, and at the moment of lying I guess losing that image was a worse consequence to me than whatever else could happen because of my lie. I think all millennials to some extent got it in their system that they have to be a perfect success story or otherwise they wouldn't matter. I wrote at the beginning that I don't have an affluent family, and I always thought it was a disadvantage. Now that I am slightly older, and especially after learning of stories like this one, I feel in a strange way my modest background is an advantage. Had I also the tools to do $20M investment rounds at this young age with my dreams of grandeur, I could have easily become some kind of a fraudster. The fact that I was found out so quickly and hadn't had a chance to develop my network of lies for years until I started believing it myself, was in a strange way a blessing in disguise. Nowadays, I am still of course interested in success and have very big ambitions, but I'm determined to only go about those desires in a fully legal, honest and sustainable way, not faking it until I make it, but rather building it slowly and painstakingly, even if it means I'll only reach one percent of where I could have been had I lied and got away with it. Also, life is much easier when you don't lie (about the big things, a small white lie here and there is normal). A quote that is often attributed to Mark Twain is: "If you tell the truth, you don’t have to remember anything”. Lying just takes up a lot of energy, which could be otherwise used to actually make yourself successful in a legitimate way, and it also helps you sleep much better at night. So, in summary, I would warmly recommend telling the truth to anyone out there with big ambitions, not just because it's the right thing to do, but also because, you know, that keeping yourself out of jail thing is pretty important for a good life.

Crazy how you get a longer jail sentence stealing money fron a bank than attempted murder (which is usually 15 to 25, but many cases where its under 10)