JPMorgan's Trading Volume Surges 31% to $2.615 Billion, Ranks 18th Amid Charlie Javice's Fraud Conviction

On March 28, 2025, JPMorgan's trading volume reached $2.615 billion, marking a 31.01% increase from the previous day, placing it 18th in the day's market rankings. JPMorgan Chase & Co. (JPM) shares fell by 2.12%, marking the third consecutive day of decline, with a total decrease of 3.30% over the past three days.

Entrepreneur Charlie Javice was convicted of defrauding JPMorgan Chase into purchasing her college financial aid startup, Frank, for $175 million. The conviction came after JPMorgan Chase attempted to send marketing emails to thousands of "customers" it believed Frank had, only to discover the data was fabricated.

Javice, 32, was found guilty on multiple counts, including bank fraud. Prosecutors successfully argued that she falsely inflated Frank's user base to secure the acquisition. Javice was arrested in 2023 on charges related to the fraudulent sale of her company, which focused on helping students access financial aid.