Conspiracy to commit banking and wore fraud, or cancellations because JPMorgan Chase bout bought the app? - Conspiracies

Conspiracy to commit banking and wore fraud, or cancellations because JPMorgan Chase bout bought the app? (www.unilad.com)

posted 1 year ago by Michalusmichalus 1 year ago by Michalusmichalus +12 / -1

Millennial app founder arrested on fraud charges after selling app for $175 million

The founder of an app for students has been arrested on fraud charges after selling it for $175 million.

4 comments

4 comments share save hide report block hide replies

You're viewing a single comment thread. View all comments, or full comment thread.

Comments (4)

sorted by:

▲ 2 ▼

– Michalusmichalus [S] 2 points 1 year ago +2 / -0

In a complaint filed to a New York District Court, Janice apparently misled JPMorgan Chase into thinking that Frank had 4.25 million users, which would obviously make it incredibly popular.

However, in reality, Frank reportedly had fewer than 300,000 users, with JPMorgan Chase allegedly paying the price for an app more than ten times the size of that.

https://www.unilad.com/news/charlie-javice-founder-frank-app-arrested-fraud-377672-20230405.amp.html

permalink save report block reply