Charlie Javice, the founder of the startup Frank, sold that company to JPMorgan Chase for $175 million dollars. The company was a financial aid startup, and after it was sold, Chase accused her of 4 million of her company’s users being fake – a majority of them. Javice does have a history of exaggerating her accomplishments, according to interviews with 10 former mentors, employees, and others who knew her. JPMorgan is suing her, and it claims that in the beginning of 2021, the company claimed to have 4.25 million users, but only had 250,000 users.
Source: https://www.businessinsider.com/charlie-javice-frank-fintech-startup-jp-morgan-fraud-2023-1
