Case against Frank founder Charlie Javice for allegedly defrauding JP Morgan has been compared to that of Theranos’ Elizabeth Holmes

Charlie Javice has joined an undesirable club struck by the “Forbes 30 Under 30 curse”, a term for the high-flyers identified by the business title as up-and-comers who ended up in legal trouble. The entrepreneur has joined a list that includes the pharmaceuticals fraudster Martin Shkreli and FTX’s Sam Bankman-Fried and Caroline Ellison.

The strength of the Forbes “curse” will be tested this week in New York as Javice, 31, goes on trial on four counts of fraud relating to the $175m (£141m) sale of Frank, a student financial aid application assistance company she founded aged 24, to JP Morgan Chase. The deal quickly soured, and has descended into a legal wrangle that has been compared to the case of Theranos founder Elizabeth Holmes.