Charlie Javice, who was featured on the Forbes “30 under 30” list, was named in the lawsuit filed in Delaware federal court by JPMorgan Chase.
JPMorgan Chase claims it was duped by a 30-year-old entrepreneur who lied about the number of college kids who were using Frank — a financial-planning site that the mega-bank bought for $175 million.in finance for 2019, led the bank to believe that Frank “was a business deeply engaged with the college-aged market segment with 4.265 million customers,” according to a lawsuit filed on Dec. 22, read.
Among Frank’s backers are Mark Rowan, the billionaire CEO of Apollo Global Management who was listed as the site’s lead investor, according to Crunchbase. Charlie Javice, 30, is being sued by JPMorgan Chase for allegedly lying about the number of customers signed up to her site, Frank, before it was acquired by the bank in 2021.Javice and Amar, who held the role of chief growth officer, were allegedly paid $26 million as a result of the bank’s acquisition of Frank — money that JPMorgan said “they would not have received but for their misconduct.”
JPMorgan claimed that when Javice approached the bank in the summer of 2021 about a potential acquisition, she vastly inflated the number of customers that had used the site.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
JPMorgan Chase CEO Jamie Dimon sticks to hiring plans and dials back prediction of economic ‘hurricane’CEO lambastes FTX as a 'decentralized Ponzi scheme' and says JPMorgan continues to add staff as it opens more branches around the globe.
Consulte Mais informação »
JPMorgan CEO Jamie Dimon on China: ‘We shouldn’t be afraid’JPMorgan CEO Jamie Dimon says the U.S. 'shouldn't be afraid' of China, and that American businesses pulling out of the country would not be good for consumers.
Consulte Mais informação »
STOCK MARKET NEWS: Bed Bath & Beyond latest, JPMorgan CEO Jamie Dimon on economy, Powell speechJPMorgan CEO Jamie Dimon talks about health of the economy, stocks, oil slip and Bed Bath & Beyond announces more store closings. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Consulte Mais informação »
This new JPMorgan job listing promises a '$30,000 annual restaurant budget'—here's what to knowIn addition to receiving a salary in the range of $85,000 to $130,000, whoever lands the editorial role will also get a major perk.
Consulte Mais informação »
JPMorgan downgrades CarMax, says hope for a recovery looks 'premature'JPMorgan is pumping the brakes on shares of CarMax.
Consulte Mais informação »
JPMorgan Honcho ‘May Have Been Involved’ in Epstein Sex Ring, Lawsuit AllegesThe U.S. Virgin Islands filed an amended complaint against the bank, which highlighted Epstein’s seemingly shady payments to Victoria's Secret founder Les Wexner and others.
Consulte Mais informação »