Charlie Javice’s parents — Everything about her affluent background
Charlie Javice is countersuing the biggest bank in the United States, J.P Morgan Chase, for launching a lawsuit against her for defrauding them out of $175 million. The bank had acquired her “college financial planning” startup Frank for the said amount in 2021 under the impression that it had 4.24 million customers.
A year into the acquisition, it turned out that the site had only 600,000 users and the rest were fake. Javice has been dubbed as the ‘Elizabeth Holmes of FinTech’ for misleading her investors and exaggerating the data of her company. She, however, claims that J.P Morgan “manufactured a for-cause termination in bad faith” to fire her and deny her the $20 million compensation they pledged.
Charlie Javice’s parents are accomplished professionals in their fields – Her father is in finance while her mother is in counseling
Charlie Javice was born to Natalie Rosin and Didier Javice in the affluent neighborhood of Westchester County in New York. She attended the private French American School of New York and went on to study finance and law at the Wharton School of the University of Pennsylvania.
Her father, Didier, also comes from a finance background as he worked at Wall Street for more than three decades. He holds a Master’s Degree in Management from the ESCP Business School in France and has experience in business development of systematic hedge funds, buying and selling capital, and risk management.
He worked in notable investment companies such as Goldman Sachs, Merrill Lynch, and Graham Capital. Currently, he is a business developer for the London-based investment consultancy firm 1859 Cloud.
As for Javice’s mother Natalie, she is a former teacher who taught at the French American School of New York for five years from 1999 to 2004. She also has a Master’s Degree in Education from New York University and is a certified alcohol and substance abuse counselor working with children, adolescents, and adults.
She was a counselor at the Greenburgh Open Door Addiction Recovery Clinic in 2009 and later worked at the Four Winds Hospital in Katonah. Natalie is a Jew and her parents were survivors of the Holocaust.
At the moment, she is a life coach specialist and sits on the board of two organizations; Responsible Action: A Drug and Alcohol Resource (RADAR) and RyeACT, a community coalition that fights substance.
Javice’s parents encouraged her to do volunteer work and help the ‘less fortunate’ people
From a young age, Javice and her brother Elie (who is now the Chief Digital Officer at Popeyes Louisiana Kitchen) were encouraged by their parents to do volunteer work to help the less fortunate people living in the area.
She volunteered at a local soup kitchen during the summer and also worked on the border of Myanmar and Thailand between her school terms. It was after witnessing the “broken system” of poverty while volunteering that Javice ventured to create her first microfinance startup called PoverUP.
Similarly, she came up with the idea for Frank while applying for financial aid to get into college. She found that the application form and questions “never made sense” to her or her parents, claiming that the “grueling and emotional” process of getting financial aid left her mother “in tears”.
“I grew up in a household where my parents were always very much saying ‘If you love what you do you will become something and be someone if you work hard enough at it,’ and that just isn’t true for most of America because of student debt,” She said in a 2018 interview:
