Dates and location
Hours
Dates and location
Hours
Description
This video podcast course explores how Charlie Javice sold her startup, Frank, to JPMorgan for $175 million. She was hailed as a fintech wunderkind helping millions of students navigate the complex FAFSA application. The reality: Frank had roughly 300,000 customers, not the 4.25 million she reported, a gap she filled by paying a data scientist $18,000 to fabricate synthetic accounts days before the deal closed. Through the fraud risk triangle framework, this course examines how Javice's compelling profile and JP Morgan's competitive rush led to critical due diligence failures, the red flags that should have exposed the scheme, and why perpetrators like Javice, described by an FBI agent as "optimists who think like gamblers,"believe they won't get caught.
Key Takeaways
Upon completing the course, the participant will be able to:
- Identify the elements of the fraud risk triangle and recognize how weak internal controls at JP Morgan created the opportunity for Charlie Javice's acquisition fraud
- Analyze due diligence failures, including unverified customer data, overlooked acquisition cost discrepancies, and competitive pressure that enabled a $175 million fraud
- Evaluate red flags in startup acquisitions, such as inflated customer metrics, synthetic data fabrication, and time pressure tactics designed to bypass verification controls
Who Will Benefit
Risk management professionals, internal auditors, compliance officers, fraud investigators, M&A and corporate development teams, finance professionals. Anyone responsible for conducting due diligence, evaluating business risks, or identifying fraud red flags in acquisitions and investments.
Disclaimer
The views expressed in the course are non-authoritative and have not been formally endorsed by CPA Ontario and do not reflect the views of CPA Ontario. The information included in the course if for general information purposes only.
CPA Ontario, the presenters and the authors do not accept any responsibility or liability that might occur directly or indirectly as a consequence of the use or application of or reliance on this material.
How to Access the Course
New mobile learning! Download Blackboard Learn from your app store (iOS or Android). Learn more.
To access the course on your computer please visit our BlackBoard site, and log-in using the same login and password used for the Registration Portal.
Please allow up to 15 minutes after registration for the course to appear on your BlackBoard page.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Garth Sheriff, CPA, CA, CPA (Illinois), CIA, CGMA, MAcc, is the founder of Sheriff Consulting. Sheriff Consulting provides continuing professional education (CPE) courses in leadership, communication, and assurance. Garth has worked as an assurance professional and learning provider for over 20 years. Garth has also acted in various stage and film productions. He is a graduate in improvisation from The Second City and a member of ACTRA (the Alliance of Canadian Cinema, Television and Radio Artists).
Josh Sager is the co-host of The Fraud Complex podcast and brings a unique perspective to fraud education through his background in storytelling and media production. Josh collaborates with Garth Sheriff to examine fraud cases through an accessible, narrative.