A massive bank is suing a 30-year-old Wharton graduate, alleging she inflated her company’s value before selling it for a cool $175 million.
Court documents indicate that Javice told JPMorgan executives that Frank had 4.25 million users in a database that included their full names and contact information. Buying Frank would give the bank access to a Rolodex of new, curated college-aged students in need of financial assistance and a bank to work with.But after the merger closed, the bank attempted a test marketing campaign to a segment of Frank’s customers.
Those emails allegedly revealed a scheme between Javice and a data science professor she hired to create fake customers to provide to the bank.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: futurism - 🏆 85. / 68 Read more »