Apollo’s Rowan Says Javice Described ‘Enthusiastic’ Dimon Chat

Apollo Global Management’s billionaire co-founder Marc Rowan testified that he personally invested in Charlie Javice’s student-finance startup, Frank, because he thought she and her team “seemed excellent.”

Rowan, who also served on Frank’s board, took the stand Thursday in Manhattan federal court as the first witness for the defense at Javice’s trial on charges that she defrauded JPMorgan Chase & Co. when it acquired Frank for $175 million in 2021. He described conversations he and Javice had during her discussions with the bank, including about a one-on-one meeting she had with JPMorgan Chief Executive Officer Jamie Dimon.