Back in 2021, a company that promised to help college students navigate the confusing landscape of federal financial aid was so hot that JPMorgan Chase agreed to shell out $175 million to acquire it.
Jarvis founded Frank in 2016 when she was just 24. A spot on Forbes' 30 under 30 list and multiple glowing profiles followed. Jarvis was hailed as"the voice of a microfinance generation." The complaint alleges that Javice bought names and email addresses from third parties and then represented them as Frank customers. She also allegedly hired a professor to make fake email addresses.
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