JP Morgan Chase Sues Startup Founder Over Fake Customers
In December 2022, JP Morgan Chase filed suit against Charlie Javice, the 30-year-old founder of fintech startup Frank, which the bank purchased for $175 million. Morgan alleges Javice misled it regarding Frank’s value by faking a massive list of customers to convince Morgan it was a worthwhile purchase. Alois Oscar | Shutterstock The Wall Street…