JPMorgan Sues Founder of Startup it Bought for $175 Million

The Young Founder Who Fooled JPMorgan Fooled Me Too

What must a new startup do to succeed? Some founders use their charisma to attract media attention and capital with a fabulous-sounding story. In the best case, they use the resources to build a sustainable business that helps their customers, inspires their employees, and enriches their investors.

JPMorgan shuts down college-aid site Frank amid legal dust-up

Banking news

JPMorgan shuts down financial planning website Frank after suing founder

JPMorgan Chase & Co on Thursday shut down the website of Frank, a college financial planning platform it acquired in 2021, after suing the startup's founder Charlie Javice and Chief Growth...

Citing Fraud, JPMorgan Shutters Site It Bought in 2021

JPMorgan shut down Frank, a student financial aid website it bought 16 months ago, claiming the site's founder created fake accounts in pursuing the deal.

JPMorgan Chase Bank Calls Out Frank Founder for Alleged Fraud in $175 Million Lawsuit

JPMorgan Chase Bank on Wednesday this week filed a lawsuit against Charlie Javice, the founder of student finance startup Frank, a trustee, and another individual, accusing them of committing fraud to induce the bank to purchase the company for $175 million.

JPMorgan files lawsuit against Wharton grad, saying her financial aid company was a fraud

Wharton graduate Charlie Javice is making headlines following reports documenting a lawsuit filed against her by JPMorgan Chase. The bank says Javice duped its executives.