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JPMorgan is suing the founder of a company it acquired for $175 million, alleging she falsely inflated user numbers

Por: Business Insider Business January 13, 2023

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JPMorgan accused the founder of a college aid site it had purchased of lying and fabricating almost 4 million customer accounts. In a lawsuit filed last month, the bank said it bought the startup Frank, a website meant to help students seek out options for financial aid, for $175 million in 2021. JPMorgan's suit accused Frank's founder Charlie Javice and its former chief growth officer Olivier Amar of being in on a scheme to juice its... + full article



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