Charlie Javice, the young founder and former CEO of Frank, pulled off a major feat in 2021 when she sold her fintech startup to JP Morgan Chase for $175 million. Months prior, she revealed in a podcast: “There were definitely times where I painted a rosier picture than things truly were.”
Those rose-colored glasses have since fallen off. JP Morgan is suing the Wharton alum for allegedly tricking the U.S.’s biggest bank into buying Frank, which aims to simplify the student financial aid application process, by formulating a bogus list of more than 4 million college-aged users that don’t exist. In reality, it appears just 300,000 students were signed up.
Just no...wrong on so many levels, starting at the top with wef, and ending with SBF.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: